Summary: Shareholders sued Gemini and founders Cameron and Tyler Winklevoss for alleged IPO misrepresentations. Gemini announced a 25 percent workforce cut and exited EU, UK, and Australian markets in February 2026. Gemini projected a $602 million net loss for 2025, causing shares to fall over 75 percent from IPO price. Gemini Space Station and its billionaire founders, Cameron and Tyler Winklevoss, are being sued by shareholders who say they were defrauded about the cryptocurrency exchange's business prospects and suffered losses as a strategy shift, job cuts and executive departures caused the stock price to fall. In a proposed class action filed on March 18 in Manhattan federal court, shareholders said Gemini made false and misleading statements in marketing documents for its Sept. 11, 2025, initial public offering by overstating the viability of its crypto platform and its ability to grow internationally. They also said the New York-based company did not disclose it was poised for an "abrupt corporate pivot" to focus on prediction markets, in which users wager on the likelihood of future events. Shareholders said Gemini's problems surfaced in February when the company said it would cut about 25% of its workforce and wind down European Union, UK and Australian operations; announced it was "parting ways" with its chief operating officer, chief financial officer and chief legal officer; and projected a potential $602 million net loss for 2025. Gemini shares fell after those announcements to below $7, more than 75% below the $28 IPO price. Shareholders said Gemini and the Winklevosses intended to and did "deceive the investing public." The complaint seeks damages for shareholders between Sept. 12, 2025, and Feb. 17, 2026. Gemini did not respond on March 19 to requests for comment. After markets closed, Gemini reported a full-year net loss of $582.8 million, or $258 million before interest, taxes, depreciation, amortization and other adjustments. In an accompanying shareholder letter, the Winklevosses said prediction markets "will be as big or bigger than today's capital markets," and focusing on the United States will reduce expenses and "meaningfully accelerate our path to profitability." They also said artificial intelligence was a factor in the job cuts. Tyler Winklevoss is Gemini's chief executive, and Cameron Winklevoss is president. The identical twins are each worth $2.7 billion, according to Forbes magazine. Gemini shares closed up 5 cents at $6.01 on Thursday. They rose 11% after market hours to $6.67. (Reporting by Jonathan Stempel in New York, Editing by Franklin Paul, Diane Craft and Bill Berkrot)

Summary: GuardDog Telehealth admitted to diverting patient records to law firms without patient consent. Epic Systems filed a lawsuit alleging GuardDog and others improperly accessed 300,000 patient records. The agreement covers records taken from Reid Hospital, Trinity Health, and UMass Memorial Health Care. A health technology company has admitted it built a business on scooping digital medical records of individual patients from multiple health systems and distributing the information to law firms, according to court documents. The admission by GuardDog Telehealth came in response to a lawsuit brought by Epic Systems, the nation’s largest vendor of electronic medical records software. In January, Epic alleged that a “syndicate” of companies had improperly gained access to patient records and was selling them to lawyers for potential use in litigation. The case is important because it sheds light on the value of patient records in the commercial marketplace and the potential points of failure for hospitals, doctors and network operators who are charged with keeping them safe. Epic noticed in the fall of 2022 that law firms appeared to have access to patient records. GuardDog is the first of the several companies being sued to reach an agreement with Epic in the case filed in U.S. District Court in California. Epic called the agreement, entered on March 13, “a step forward for patient privacy.” The “stipulated judgment” says GuardDog may have scooped up records at Reid Hospital & Health Care Services, a health system in Ohio and Indiana; Trinity Health, which has providers in 25 states; and UMass Memorial Health Care, which operates in central Massachusetts. Each of those systems is an Epic customer. In all, Epic has said in its lawsuit that GuardDog was responsible for 6,000 of a total of 300,000 records improperly taken by various companies without patient consent. GuardDog represented itself as having legitimate health care reasons to access patient records on the digital highway that connects medical networks, according to the agreement, but its business “instead focused on requesting, reviewing, and summarizing medical records, and providing those medical records to law firms.” GuardDog Telehealth is listed in business records as having an address in Lindale, Texas. The court documents say its predecessor corporation is Critical Care Nurse Consulting, which is operated by Keli Heskett, who says on a professional website that she also is co-founder of Mass Tort Medical Consultants. Heskett did not respond to a request for a phone interview. In a statement, GuardDog said it “has always maintained that it acted in good faith, with the goal of supporting patient care to the best of its abilities, whether its patients were involved with the justice system or not.” The agreement with Epic says that GuardDog believed that another defendant in Epic’s lawsuit, Health Gorilla, which serves as a gatekeeper for digital health networks that share access to patient data, was aware of GuardDog’s activities. Epic has taken aim at Health Gorilla, alleging that it is “in league with its connections’ misuse of health information as a commodity.” Health Gorilla blasted Epic in a statement, calling its agreement with GuardDog “incomplete at best and misleading at worst.” It said it can prove that GuardDog never informed Health Gorilla it was using patient data for nonmedical purposes. “Epic’s lawsuit remains an attack on interoperability that threatens patient safety and efficient healthcare nationwide, made worse by misleading submissions like its agreement with GuardDog,” Health Gorilla said.

Summary: Sen. Elizabeth Warren leads inquiry into Amazon's $40 million purchase of Melania Trump's documentary. Amazon paid $26 million more than the next highest bidder and spent $35 million on marketing the film. Lawmakers question if the deal was a bribe to gain favor with the Trump administration. Sen. Elizabeth Warren, D-Mass., is leading an investigation into Amazon over concerns that its film studio's deal for first lady Melania Trump's documentary failed to comply with federal anti-bribery laws. In a March 15 letter to Amazon CEO Andy Jassy, exclusively shared with USA TODAY in advance, Warren and other lawmakers called on Amazon to answer questions about how the deal came to be. Amazon MGM Studios bought "Melania" for $40 million — about $26 million more than the next highest bidder — and spent $35 million more in marketing, according to the letter. It is widely considered one of the most expensive non-concert documentaries in history: the 2022 Oscar-winning Best Documentary "Summer of Soul (... Or, When the Revolution Could Not Be Televised)" was acquired for a then-record-breaking amount of over $12 million, according to Variety. Now lawmakers want to know if Amazon paid the "extraordinary sum" in order to gain favor with President Donald Trump's administration. "Amazon paid $40 MILLION for the rights to the Melania documentary — $26 million over the next highest bidder. Why'd they overpay?" Warren said on social media March 17. "Maybe because Amazon wants Trump to hand over a bunch of special favors. Was the Melania movie one big bribe? We deserve answers." The movie follows Trump through the weeks leading up to her husband's second inauguration. Despite harsh reviews and revealing little new about the first lady, it had a good opening weekend at the box office, bringing in $7 million. USA TODAY reached out to Amazon and representatives for Melania Trump about the questions being asked in the March 15 letter but did not hear back. While Trump often took aim at Amazon and founder Jeff Bezos in his first term, it became clear the two had forged a better relationship by the time Trump was reelected. Amazon donated $1 million to Trump's inaugural fund, and Bezos attended Trump's swearing-in. As Trump announced widespread tariffs in April 2025, a report surfaced that Amazon was planning to display retail cost increases due to the tariffs, drawing ire from the White House. But Amazon quickly vowed not to display the tariff breakdown with its products, and Trump said he spoke to Bezos directly about it. "Jeff Bezos is very nice. Terrific. He solved the problem very quickly," Trump told reporters of their phone call, according to a pool report. "He did the right thing. Good guy." The lawmakers' letter to Amazon argues the company has financial stakes in decisions being made by the Trump administration, including an FTC lawsuit alleging monopolization of online retail, tariff and trade deals, and tax relief. An Amazon legal representative said at the time the FTC lawsuit was "wrong on the facts and the law." "The fact that Amazon is seeking favorable treatment from the Trump Administration while paying a far-above-market sum to produce and promote the Trump family’s film raises questions about Amazon’s exposure under federal anti-bribery law," the letter states. "When corporate giants ... transfer tens of millions of dollars to the family of a sitting President, that not only raises questions about corporate governance but also risks eroding public trust in the fairness of our economic and political systems." The letter also cites a USA TODAY report that Defense Secretary Pete Hegseth visited one of the Bezos' Blue Origin space facilities in February. The company has received billions of dollars in defense contracts, cited in the letter as another potential financial interest in having a good relationship with the Trump administration. The lawmakers have asked Amazon to respond to a series of questions about the "Melania" deal by March 30, "to assist Congress in understanding the circumstances surrounding this transaction and in assessing Amazon’s compliance with applicable federal anti-bribery laws." Amazon, in the letter, is asked to explain the commercial rationale for the rights and marketing spend on the movie; communications between Amazon, the Trumps and other officials related to the movie; Amazon's compliance framework for anti-bribery corruption laws as it relates to "Melania"; and all financial arrangements involved in the movie. In addition to Warren, Rep. Hank Johnson, D-Ga., Sen. Ben Ray Luján, D-N.M., Rep. Dan Goldman, D-N.Y., and Rep. Pramila Jayapal, D-Wash., co-signed the letter. The lawmakers are not the first ones to raise accusations of bribery. Amazon has responded to such accusations in the past by saying, "We licensed the film for one reason and one reason only — because we think customers are going to love it." This article originally appeared on Telegram & Gazette: “Elizabeth Warren takes aim at Amazon and ‘Melania’ movie deal” Reporting by Kinsey Crowley and Margie Cullen, USA TODAY NETWORK / Telegram & Gazette USA TODAY Network via Reuters Connect