Latest news with #RFK
Business Insider
2 days ago
- Business
- Business Insider
A Chinese herbal-medicine stock with no revenue has surged 60,000% this year. 5 things to know about the company's mysterious spike.
Shares of a little-known Chinese herbal medicine company have surged this year, with a fresh rally seeing the price quadruple in less than a week. It's been a head-scratching move, since the company is unprofitable, and shares have moved on seemingly no news. Regencell Bioscience Holdings, a Hong Kong-based firm specializing in traditional Chinese medicine, saw its US-listed stock soar 398% over the first two days of the week. But that move pales in comparison to the year-to-date increase, which amounted to roughly 60,000% through Tuesday's close. The company, which offers a proprietary oral formula it says can help treat disorders like ADHD and autism, has not generated any revenue, according to a regulatory filing from October. Over the last two fiscal years, the company said it lost a combined $10.4 million. So, what on earth is going on with this stock? Here's what to know. 1. The latest leg of the rally was triggered by a stock split Regencell, which trades under the ticker "RGC" on the Nasdaq, soared 283% on Monday after its 38-for-1 stock split went into effect. The company originally announced the stock split on June 2. While stock splits don't generate any value for the company — with overall market cap staying unchanged — they are often viewed as a bullish driver, since a lower per-share price can make a stock more appealing to retail investors. Regencell finished Monday with a market cap of $30 billion, which swelled further to $39 billion at Tuesday's close. That made it — at least temporarily — worth more than more well-known companies like Lululemon, Kraft Heinz, and Reddit. 2. Retail traders are intrigued, but cautious The rapid rise of Regencell stock was bound to catch the eye of the retail crowd, but even the enduringly bullish cohort is incredulous about what might be going on. Though Regencell is still less talked about than flagship stocks like Tesla and Apple, users on Reddit were quick to identify the surge this week, with some speculating that Regencell was the market's newest " meme stock." "Regencell is doing some weird stuff again," one user wrote on the subreddit r/shortsqueeze. "I'm trying to decide if I should pull out before a possible crash," another user, who said they were a longtime investor, said on the r/pennystocks subreddit. "I was gambling. Didn't have a clue what this company is," another user wrote on a separate thread on r/shortsqueeze about Regencell this month. "I've been watching it go the last two weeks and keep telling myself that it will crash as soon as I buy back in." 3. There's possible influence from RFK's vaccine skepticism Regencell stock was also surging around the time Robert F. Kennedy Jr. continued his anti-vaccine push, with the Health and Human Services Secretary removing all members of the Advisory Committee on Immunization Practices last week, an independent panel that helps shape vaccination policies in the US. ADHD or Autism Spectrum Disorder. The formula, which is meant to be taken twice a day and aims to treat the "fundamental cause" of neurocognitive disorders, contains "only natural ingredients," the firm says. Its website lists various herbs with qualities that can help with blood circulation, digestion, "detoxication," and other functions. "We have not generated revenue from any TCM formulae candidates or applied for any regulatory approvals, nor have distribution capabilities or experience or any granted patents or pending patent applications and may never be profitable," the firm said in its October filing. 4. The stock has a tiny float, with most shares owned by the CEO The company only has a small number of shares available to trade, one factor that can explain the large swings in its stock. Out of its 500 million shares, just 30 million are available for public trading. That's a far lower percentage than the average for the more widely traded stocks that populate major indexes. Most of the company is owned by Regencell's CEO, Yat-Gai Au. He owned 86% of the company, or a $426 million stake in the first quarter, according to holdings data. His net worth has surged to as much as $33 billion this week, according to Bloomberg, vaulting him into the ranks of the world's richest people. Regencell's second-largest holder, Digital Mobile Venture, owned 7.6% of the company at the end of the first quarter, or around $37.5 million. RBC, BlackRock, and Morgan Stanley also owned miniscule amounts of the stock. 5. There's been controversy around shares of China- and Hong Kong-based firms Initial public offerings from Chinese or Hong Kong-based firms have been in the spotlight recently. A report from The Wall Street Journal this week said that more than 20 China -based companies and 17 Hong Kong-based companies that went public on the Nasdaq since 2020 have lost 50% of their value or more in a single trading day over the last two years. In 2022, the Financial Industry Regulatory Authority issued a warning about a "heightened threat of fraud" related to small-cap companies that had recently gone public on US exchanges. Many of the companies associated with fraud had operators based in China or broker-dealers based in Hong Kong, the regulator said. In many cases, the broker-dealers were allocated 90% or more of the public float, Finra said, meaning they held most of the IPO shares. The small remaining float leaves stocks vulnerable to market manipulation, it said, referring to such companies as " ramp-and-dump schemes."
New York Post
5 days ago
- Health
- New York Post
RFK's anti-vax agenda endangers the entire Trump reform drive
Word of warning to Health Secretary Robert Kennedy, Jr.: Restoring Americans' trust in the feds' public-health decisions means hiring truly fair-minded, science-driven folks — not anti-vax crackpots. RFK Jr. last week canned all 17 members of the CDC's Advisory Committee on Immunization Practices (ACIP), saying: 'A clean sweep is necessary to reestablish public confidence in vaccine science.' Most of them got appointed just last year to terms that would last through 2028, so Kennedy would've had to fire at least some to have much impact on the panel — and President Joe Biden set clear precedent for axing supposedly bi- and non-partisan advisory-board members. Advertisement Yes, ACIP members are supposed to be unbiased experts, but vaccine recommendations nonetheless plainly did get politicized in the Biden years (along with a lot of other public-health 'science,' such as guidelines for reopening schools). Not only did CDC and FDA officials cover up negative side-effects of COVID vaccines, they prompted top career officials to resign over the psuedo-scientific 'findings' that everyone should get vaxxed and re-vaxxed. Happily, several of the eight new ACIP members RFK announced later in the week look to be solid scientists, such as biostatistician Martin Kulldorff, a co-author of the anti-lockdown Great Barrington Declaration, and pediatrician Cody Meissner, who's served on the panel before. Advertisement But at least one pick raises serious alarm bells: Vicky Pebsworth served on the board of the National Vaccine Information Center, an anti-vax outfit that fearmongers about 'vaccine injuries and deaths.' Plus: In announcing the firings, Kennedy announced the federal health department will now prioritize 'public trust above any specific pro- or anti-vaccine agenda.' Huh? It should be pro-vaccine, albeit in a 'trust but verify' mode, because the jabs overall are objectively a life-saving public good. Just ask the victims of the current measles breakout, which anti-vax propaganda has made worse. Advertisement Naming Pebsworth to ACIP is a clear sign RFK still has at least one foot in the anti-vax conspiracy-theory camp; if he keeps it up (he's got 11 more slots to fill on the panel), he'll prove that all who opposed his confirmation were right. The White House needs to keep Kennedy on a short leash, lest he alienate rational Republicans and give Democrats ammunition for undermining the entire Trump agenda.
Newsweek
13-06-2025
- Politics
- Newsweek
RFK Assassination: What Newly Released Files Reveal
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Newly released files about the assassination of Robert F. Kennedy shed new light on his life and how he briefed secret service agents about a foreign trip behind the Iron Curtain. On Thursday, the CIA released 54 previously classified documents totaling 1,450 pages about RFK's death. The documents, some redacted, show how the CIA responded to his killing and detailed RFK's trip to the Soviet Union, among other vignettes about his life and the broader social and political context of the time. Why It Matters RFK, a former Senator and Democratic presidential candidate was assassinated in June 1968 after making a campaign speech in Los Angeles. He died aged 42, on June 6, the day after the attack at the Ambassador Hotel. At the start of his second term, President Trump ordered the release of documents on the assassinations of RFK and his brother, former President John F. Kennedy, with backing from RFK's son, Health and Human Services Secretary Robert F. Kennedy Jr. The administration first released a batch of documents in April, then another in May. Sen. Robert F. Kennedy, D-N.Y., speaks in Washington, March 16, 1968, as he announces he will run for president. Sen. Robert F. Kennedy, D-N.Y., speaks in Washington, March 16, 1968, as he announces he will run for president. AP Photo RFK's death, as well as that of JFK, have fascinated the American public for decades, sparking conspiracy theories and speculation. Sirhan Sirhan, then aged 24, was convicted in July 1969 of the assassination. Sirhan, now aged 81 and serving life in prison, admitted at his trial that he shot RFK but said he could not recall doing so. RFK Jr. has expressed doubts on Sirhan being the shooter and called for a reinvestigation of the assassination. What To Know The documents include news articles, intelligence reports, dispatches and correspondence between the CIA and other agencies. One document detailed efforts to shape the media coverage of the assassination and another showed memos about allegations the CIA was involved in John F. Kennedy's 1963 assassination. Another detailed RFK's trip to the Soviet Union in 1955 as a young Senate staffer. RFK visited the communist state with Supreme Court Justice William Douglas and briefed the CIA about his experiences during the trip. In one memo he said he visited a state factory and said he met an engineer who "was friendly." What People Are Saying The CIA in a statement: "The records reveal for the first time that Senator Kennedy shared his experiences traveling to the former Soviet Union with CIA, reflecting his patriotic commitment to serving his country." RFK JR. in a statement: "Lifting the veil on the RFK papers is a necessary step toward restoring trust in American government. I commend President Trump for his courage and his commitment to transparency. I'm grateful also to Tulsi Gabbard and John Ratcliffe for their dogged efforts to root out and declassify these documents." What Happens Next The Trump administration has also ordered the release of documents related to the assassinations of JFK and Martin Luther King Jr.
Fox News
13-06-2025
- Politics
- Fox News
CIA releases declassified documents on Robert F Kennedy assassination
The CIA released 54 declassified documents related to the assassination of Sen. Robert F. Kennedy (RFK) on Thursday, providing an additional 1,450 pages of material for the public to scour through for answers to their conspiracies. CIA Director John Ratcliffe released the documents in response to an executive order signed by President Donald Trump to declassify files on the assassinations of former President John F. Kennedy, civil rights icon Martin Luther King Jr. and RFK. According to the CIA, the latest batch of documents complements the thousands of pages the agency provided to the Office of the Director of National Intelligence (ODNI) and the National Archives and Records Administration (NARA) as part of their public releases related to JFK earlier this year. The most recent release shows for the first time that RFK, as a senator, shared his experiences traveling to the former Soviet Union with the CIA while reflecting his patriotic commitment to serving his country. "Today's release delivers on President Trump's commitment to maximum transparency, enabling the CIA to shine light on information that serves the public interest," Ratcliffe said. "I am proud to share our work on this incredibly important topic with the American people." Along with sharing information about RFK's Soviet Union experiences, the files also dive into the psychological assessments of Sirhan Sirhan, the man who shot and killed RFK in Los Angeles on June 5, 1968. In a personality assessment memo on July 8, 1968, federal authorities declared that "under no circumstances would we have predicted that [Sirhan] was 'capable' of doing what he did." In the same memo, the feds said the odds of Sirhan being successful were "tremendous." "Obviously, we cannot see him as part of a conspiracy," the memo read. "He could be a tool of a conspiracy in the sense that the attempted assassin of Secretary of State [William] Seward and the assigned assassin of Vice President Andrew Johnson [George Atzerodt] were tools of the [John Wilkes] Booth conspiracy. It is very likely, however, that he could have effectively acted under precise instructions." It goes on to say that most people of the type of attack Sirhan was accused of at the time attack their mother or their girlfriend. "Occasionally they will lash out against an employer or colleagues (a case in point is the recent Pennsylvania case of the 'quiet' man who killed his car pool and then himself)," the memo read. "Sometimes they will pick public figures and make abortive attempts to get at them. Essentially, we see Sirhan as being more like the impulsive assassins of [former presidents James] Garfield and [William] McKinley than the calculating assassins of [Abraham] Lincoln and President Kennedy." The file release is what the CIA said was a collaborative effort directed by Trump and led by Director of National Intelligence Tulsi Gabbard with coordination from the CIA, Department of Justice, FBI and NARA. "Today's release is another important step in fulfilling President Trump's commitment to maximum transparency. Thank you to those at the CIA, ODNI, and NARA who worked hard to locate, review, and digitize these documents, many of which have never been released publicly before," Gabbard said. "We will continue coordinating with our partners across the Intelligence Community to fulfill President Trump's promise of maximum transparency." The documents are available to the public and can be viewed by visiting and Health and Human Services Secretary Robert F. Kennedy Jr. was a guest on Fox News' "The Story" on Thursday and told host Martha MacCallum that he did not know his father was reporting back to the CIA during his trip to the Soviet Union in 1955, when he was a Senate aide. "My mother was on that trip," RFK Jr. said. "She joined him in St. Petersburg, and she actually was working for the CIA at that time, and she was wearing a carnation in her lapel that was attached to a little bubble where she could take pictures." RFK Jr. continued by saying the Soviets had brought artwork back to now-St. Petersburg after the defeat of Nazi Germany. The Germans, he explained, had confiscated the artwork from some of the Jewish families and that the CIA was interested in that. "I don't think it was anything of grave national security interest, but it was, you know, it's an interesting fact that I didn't know about my dad," he said.
Yahoo
13-06-2025
- Politics
- Yahoo
CIA releases declassified documents on Robert F Kennedy assassination
The CIA released 54 declassified documents related to the assassination of Sen. Robert F. Kennedy (RFK) on Thursday, providing an additional 1,450 pages of material for the public to scour through for answers to their conspiracies. CIA Director John Ratcliffe released the documents in response to an executive order signed by President Donald Trump to declassify files on the assassinations of former President John F. Kennedy, civil rights icon Martin Luther King Jr. and RFK. According to the CIA, the latest batch of documents complements the thousands of pages the agency provided to the Office of the Director of National Intelligence (ODNI) and the National Archives and Records Administration (NARA) as part of their public releases related to JFK earlier this year. The most recent release shows for the first time that RFK, as a senator, shared his experiences traveling to the former Soviet Union with the CIA while reflecting his patriotic commitment to serving his country. 'Light On The Truth': Gabbard Announces Rfk Files Released Months After Trump's Order "Today's release delivers on President Trump's commitment to maximum transparency, enabling the CIA to shine light on information that serves the public interest," Ratcliffe said. "I am proud to share our work on this incredibly important topic with the American people." Read On The Fox News App Along with sharing information about RFK's Soviet Union experiences, the files also dive into the psychological assessments of Sirhan Sirhan, the man who shot and killed RFK in Los Angeles on June 5, 1968. In a personality assessment memo on July 8, 1968, federal authorities declared that "under no circumstances would we have predicted that [Sirhan] was 'capable' of doing what he did." Gabbard Says Rfk, Mlk Jr Records 'Ready To Release' In Days, Has 'Hunters' Looking At Fbi, Cia For More Files In the same memo, the feds said the odds of Sirhan being successful were "tremendous." "Obviously, we cannot see him as part of a conspiracy," the memo read. "He could be a tool of a conspiracy in the sense that the attempted assassin of Secretary of State [William] Seward and the assigned assassin of Vice President Andrew Johnson [George Atzerodt] were tools of the [John Wilkes] Booth conspiracy. It is very likely, however, that he could have effectively acted under precise instructions." It goes on to say that most people of the type of attack Sirhan was accused of at the time attack their mother or their girlfriend. "Occasionally they will lash out against an employer or colleagues (a case in point is the recent Pennsylvania case of the 'quiet' man who killed his car pool and then himself)," the memo read. "Sometimes they will pick public figures and make abortive attempts to get at them. Essentially, we see Sirhan as being more like the impulsive assassins of [former presidents James] Garfield and [William] McKinley than the calculating assassins of [Abraham] Lincoln and President Kennedy." Lawmakers Cheer Trump's Jfk Files Release: 'Restoration Of The People's Trust' The file release is what the CIA said was a collaborative effort directed by Trump and led by Director of National Intelligence Tulsi Gabbard with coordination from the CIA, Department of Justice, FBI and NARA. "Today's release is another important step in fulfilling President Trump's commitment to maximum transparency. Thank you to those at the CIA, ODNI, and NARA who worked hard to locate, review, and digitize these documents, many of which have never been released publicly before," Gabbard said. "We will continue coordinating with our partners across the Intelligence Community to fulfill President Trump's promise of maximum transparency." The documents are available to the public and can be viewed by visiting and Health and Human Services Secretary Robert F. Kennedy Jr. was a guest on Fox News' "The Story" on Thursday and told host Martha MacCallum that he did not know his father was reporting back to the CIA during his trip to the Soviet Union in 1955, when he was a Senate aide. "My mother was on that trip," RFK Jr. said. "She joined him in St. Petersburg, and she actually was working for the CIA at that time, and she was wearing a carnation in her lapel that was attached to a little bubble where she could take pictures." RFK Jr. continued by saying the Soviets had brought artwork back to now-St. Petersburg after the defeat of Nazi Germany. The Germans, he explained, had confiscated the artwork from some of the Jewish families and that the CIA was interested in that. "I don't think it was anything of grave national security interest, but it was, you know, it's an interesting fact that I didn't know about my dad," he said. Fox News Digital's Haley Chi-Sing contributed to this article source: CIA releases declassified documents on Robert F Kennedy assassination
