The new British Prime Minister Theresa May announced six members of her cabinet today.

Amid a sweeping crackdown on dissent in Egypt, security forces have forcibly disappeared hundreds of people since the beginning of 2015, according to a new report from Amnesty International.

It's an "unprecedented spike," the group says, with an average of three or four people disappeared every day.

The Republican Party, as it prepares for its convention next week has checked off item No. 1 on its housekeeping list — drafting a party platform. The document reflects the conservative views of its authors, many of whom are party activists. So don't look for any concessions to changing views among the broader public on key social issues.

Many public figures who took to Twitter and Facebook following the murder of five police officers in Dallas have faced public blowback and, in some cases, found their employers less than forgiving about inflammatory and sometimes hateful online comments.

As Venezuela unravels — with shortages of food and medicine, as well as runaway inflation — President Nicolas Maduro is increasingly unpopular. But he's still holding onto power.

"The truth in Venezuela is there is real hunger. We are hungry," says a man who has invited me into his house in the northwestern city of Maracaibo, but doesn't want his name used for fear of reprisals by the government.

The wiry man paces angrily as he speaks. It wasn't always this way, he says, showing how loose his pants are now.

Ask a typical teenage girl about the latest slang and girl crushes and you might get answers like "spilling the tea" and Taylor Swift. But at the Girl Up Leadership Summit in Washington, D.C., the answers were "intersectional feminism" — the idea that there's no one-size-fits-all definition of feminism — and U.N. climate chief Christiana Figueres.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Pages

Steve Cohen Fights Back Against Claims Of Insider Trading

Jul 23, 2013
Originally published on July 23, 2013 6:16 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

Billionaire Steven Cohen is fighting back. He faces federal charges that he didn't do enough to prevent insider trading at his hedge fund SAC Capital. As The Wall Street Journal reported this morning, Cohen's firm issued a rebuttal, claiming that he never saw an email that's an important part of the government's case.

Here's NPR's Jim Zarroli.

JIM ZARROLI, BYLINE: On Friday, the Securities and Exchange Commission finally brought charges against 57-year-old Steven Cohen. He wasn't accused of insider trading but the government did file civil charges against him. It said Cohen allowed insider trading to happen at his firm by failing to adequately supervise his employees. And perhaps most alarmingly for Cohen, the government wants to get him barred for life from handling other people's money. Today, The Wall Street Journal said Cohen's lawyers have compiled a point by point rebuttal of the government's case.

Jacob Frenkel is a securities lawyer who has been following the case.

JACOB FRENKEL: It's a communication directed at the employees of SAC to give them comfort that Steve Cohen intends to fight the allegations and why they are baseless.

ZARROLI: According to The Journal, the paper addresses an email about Dell computers that was sent to Cohen by one of his employees in August 2008. The government says Cohen should have known, based on the contents of the email, that it contained illegally obtained information. In the white paper to employees, Cohen's lawyers said he receives a thousand emails and instant messages a day, and there's no evidence he ever read the one in question.

Columbia Law School professor John Coffee is skeptical about Cohen's argument.

JOHN COFFEE: He's famous for wanting all the information he can get about an issuer. So it doesn't seem totally credible that he would ignore late breaking emails from the people who were at the point collecting all the available information.

ZARROLI: The white paper also addresses another transaction highlighted by the government. The SEC says Cohen's firm traded shares of two drug companies based on inside information about the results of a drug trial. But Cohen's lawyers say the shares were traded because they had risen so much in value over the preceding months and it was time for a little profit taking.

The white paper is likely to form a kind of rough outline of what Cohen's defense will be once the case is heard by a judge.

Jim Zarroli, NPR News, New York. Transcript provided by NPR, Copyright NPR.