Welcome to The Free Press Report’s Weekly Digest. This week a lot has happened – a political hopeful failed to disclose her stock holdings, an Apple boss stoked controversy, and there was another military coup in Africa. Read on for more of the stories you might have missed.
Market Recap

U.S. Politics
Transgender Army doctor conspired with Russians. A federal grand jury indicted Jamie Lee Henry and their wife, Anna Gabrielian, on charges of giving American soldiers’ medical information to the Russian government. Henry was born a male and came out as transgender in 2015. An undercover FBI agent caught Henry and their wife, a John Hopkins doctor, offering to give private data concerning five patients at a military facility to the Russian Embassy. [NBC]
Congressional candidate violated the federal law, alleges the Foundation for Accountability and Civic Trust. Florida Democrat Annette Taddeo reportedly illegally omitted stock holdings from her candidate financial disclosure. During her campaign for Congress, she recently accused American oil companies of “price gouging.” But between 2015-26, Taddeo owned a $100,000 stake in oil supermajor Exxon Mobil. [WFB]
Migrants costs $1 billion, says NYC Comptroller. The city will host over 15,000 asylum seekers from Central and South America, leading to short term costs of over $500 million. A spokesperson for Mayor Eric Adams said that NYC’s housing plan had “safely and efficiently provided a host of services” to migrants. [BBG]
New York to impose gas car ban by 2035. The state, which has over 12 million licensed drivers, will follow California’s lead by preventing the sale of gasoline-powered vehicles. Democrat governor Kathy Hochul said that the restrictions would make New York a “national climate leader.” [WSJ]
Social and Business
“I race cars and play golf and fondle big-breasted women” – Apple boss describes his average working day. Tony Blevins, Vice President of Procurement at the world’s largest tech company, was fired after his comments went viral on TikTok. [Verge]
Tech IPO market hits multi-decade lows amidst market turmoil and economic pessimism. Uncontrollably inflation has hit the sector particularly hard, with the number of new tech listings dropping to just 14, the lowest since the great financial crisis. The value of these IPOs fell by over 90% to just $507 million, the lowest level since 2000. [Reuters]
$1.8 billion in fines for 16 financial firms after staff shared details of deals and trades using personal devices. The probe marked one of the largest collaborations between the Securities and Exchange Commission and Commodity Futures Trading Commission. Punished firms include Goldman Sachs, Citigroup and Bank of America. [Reuters]
Oracle settles second bribery charge with the SEC. The tech company will pay $23 million after violating rules against so called “slush funds”, which were used to bribe officials in India, Turkey, and the UAE. In 2012, Oracle India was fined $2 million for similar violations. [WSJ]
Bezos ex-wife divorced for second time. MacKenzie Scott was the richest woman in the world after her $38 billion divorce settlement from Amazon boss Jeff Bezos in 2019. She remarried in 2021 to high school teacher Dan Jewett. They had pledged to give away the entirety of Scott’s fortune. [BBG]
50 deaths on Eastern Seaboard after Hurricane Ian caused destruction in Florida, the Carolinas and Virginia. Rebuilding costs are expected to exceed $10 billion. 35 of the deaths were reported in Lee County, Florida, where the Category 4 hurricane made landfall. [Reuters]
World View
“Most serious escalation” as Putin proclaims annexation, after sham polls declare Ukraine part of Russia. Despite the failure of the former superpower’s invasion, strongman Putin has maintained his defiant rhetoric. The land grab of 15% of Ukraine is the largest annexation in Europe since World War Two, and was received with global condemnation. In response, the U.S, Britain and Canada announced new sanctions on Russian organizations. [Reuters]
Polish chief aid resigns after email scandal. Michal Dworczyk, who was responsible for the country’s Covid-19 vaccination programme, received criticism over the content of leaked official emails. Dworczyk claimed that some of the emails had been doctored. [BBG]
Soldiers seize control of Burkina Faso, in the poverty-stricken West African nation’s second coup of the year. After gunfire near a military camp, armed soldiers appeared on television to announce the ousting of President Paul-Henri Damiba. [Reuters]
Virus kills 100,000 Indian cattle with over 2 million animals reported sick. Lumpy Skin Disease is carried by insects like mosquitoes and ticks, and has now spread to fifteen states in India, where many regions consider the cow to be a sacred animal in Hinduism. [ABC]
Crypto
Bankrupt Celsius to turn debt into new cryptocurrency. The failed crypto lender froze withdrawals in June, and now plains a “hail mary” plan to offer “IOU” cryptocurrency tokens to half a million customers in exchange for their lost money. [CNBC]
Blacklisted Tornado Cash relisted on GitHub. The decentralized crypto mixer was often used for money laundering, until it was banned in America. Now, The code for the service has been relisted on software development hosting site GitHub. Ethereum developers had called for software to be unbanned, citing first amendment protections. [Coindesk]