Corporate Corruption News Stories

Excerpts of Key Corporate Corruption News Stories in Major Media

Below are key excerpts of revealing news articles on corporate corruption from reliable news media sources. If any link fails to function, a paywall blocks full access, or the article is no longer available, try these digital tools.

Note: This comprehensive list of news stories is usually updated once a week. Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.

Every day, farms across the country use a potentially cancer-causing chemical that is in the world's most common weedkillers. And data shows that it's most used in the Midwest and parts of the South. Glyphosate, the active ingredient in many herbicides, has been in use for nearly 50 years. The World Health Organization's International Agency for Research on Cancer concluded in a 2015 report that the chemical "is probably carcinogenic to humans." Glyphosate's main use is in agriculture. Weedkillers containing it are used on nearly half of all planted acres of corn and soybeans in the U.S. They're also used on acres of farmland where wheat, oats, fruits and cotton are grown. Pesticide residue testing from the FDA found glyphosate residues on a wide variety of crops, including oats, soybeans, cranberries, grapes, raisins, oranges, apples, cherries and beans. A 2020 Department of Health and Human Services report notes that the greatest potential exposure is among farm workers and gardeners that use glyphosate-based herbicides and those who live near farms, manufacturing plants ... and hazardous waste disposal sites. For the general public, the report notes that exposure to glyphosate typically comes by touching or eating food or water containing residues. Some studies have found a link between increased cancer rates and higher levels of exposure. Several peer-reviewed studies have also suggested that herbicides containing glyphosate may disrupt hormones and alter the gut microbiome. 

Note: Don't miss the interactive map of glyphosate usage available at the link above. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and health from reliable major media sources.

By March 2017, the fight over the construction of the Dakota Access pipeline had been underway for months. Law enforcement was ... discussing plans with Energy Transfer, the parent company of the Dakota Access pipeline. Throughout much of the uprising against the pipeline, the National Sheriffs' Association talked routinely with TigerSwan, Energy Transfer's lead security firm on the project, working hand in hand to craft pro-pipeline messaging. Documents, released by the North Dakota Private Investigation and Security Board, reveal how TigerSwan and the sheriffs' group worked together to twist the story in the media so that it aligned with the oil company's interests, seeking to pollute the public's perception of the water protectors. The private security firm pushed for the purchase, by Energy Transfer, of hundreds of thousands of dollars worth of radios for the cops. TigerSwan also placed an order for a catalog of so-called less-lethal weapons for police use, including tear gas. Off the Record Strategies, the public relations firm working for the National Sheriffs' Association, coordinated with the opposition research firm Delve to track activists' social media pages, arrest records, and funding sources. The companies sought to paint the protesters as violent, professional, billionaire-funded, out-of-state agitators whose camps represented the true ecological disaster, as well as to identify movement infighting that might be exploited.

Note: Read how TigerSwan treated water protectors as terrorists. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and the erosion of civil liberties from reliable major media sources.

Last week, the report Merchants of Poison: How Monsanto Sold the World on a Toxic Pesticide was published by authors Stacy Malkan, Kendra Klein and Anna LappĂ©. [In 2012], pesticide and processed food companies spent $45 million to defeat a ballot initiative to label GMOs (genetically modified foods) in California. This campaign was led by Monsanto, one of the planet's largest producers of GMOs. Monsanto created a PR storm through the mouths of so-called third-party "experts" from across the fields of academia and science. It was later revealed that these allegedly neutral voices were closely tied to Monsanto. The World Health Organization (WHO) in 2015 concluded that glyphosate–the chemical contained within herbicides that most GMO crops have been engineered to resist–is likely a human carcinogen. Thousands sued Monsanto claiming that their exposure of Monsanto's glyphosate-based product, Roundup, caused their cancers. Monsanto employees ghostwrote scientific papers on the safety of glyphosate and strategized how to discredit journalists and scientists raising concerns about the pesticide. Major universities, including University of California Davis and University of Florida, played a significant role in legitimizing and amplifying pesticide industry product-defense efforts. The Bill & Melinda Gates Foundation, Cornell University, and the American Academy for the Advancement of Science (AAAS) ... also provided essential aid and cover for pesticide industry propaganda.

Note: A 2019 study found that glyphosate increases cancer risk by 41%. For more along these lines, see concise summaries of deeply revealing news articles on GMOs and science corruption from reliable major media sources.

The US Environmental Protection Agency has in effect ignored a 2020 federal court order prohibiting the use of Monsanto and other producers' toxic dicamba-based herbicides that are destroying millions of acres of cropland, harming endangered species and increasing cancer risks for farmers, new fillings in the lawsuit charge. Instead of permanently yanking the products from the market after the 2020 order, the EPA only required industry to add further application instructions to the herbicides' labels before reapproving the products. A late 2021 EPA investigation found the same problems persist even with new directions added to the label, but the agency still allows Monsanto, BASF and other producers to continue using dicamba. The EPA's pesticide office is included in allegations that career managers are influenced by or have colluded with industry, and in some cases falsified science to make dangerous substances appear less toxic. About one-third of the pesticide office's funding comes from industry fees. The agency in 2016 approved the dicamba-based herbicide developed by Monsanto, which was to be used on genetically modified soybean and cotton crops. The herbicide can damage or kill neighboring crops and plants that are not engineered to be dicamba-resistant. The results are "devastating" and destroying millions of acres as "as never before seen in the history of US agriculture", the plaintiffs said. In some cases, direct dicamba exposure can kill insects, mammals and other animals.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the food system from reliable major media sources.

Television ads for drugs are filled with glowing images of people living their best lives, all thanks to that new med they've been prescribed. But drugs being touted on TV often have little to no benefit compared to other treatments, a new study published online Jan. 13 in JAMA Network Open finds. Fewer than one-third of drugs commonly advertised in the United States are highly rated first-line therapies, based on regulatory reviews from three different health agencies, the researchers said. Further, medications categorized as "low benefit" accounted for nearly $16 billion of the $22 billion in TV ad spending during the six-year study period, the results showed. "Proponents of direct-to-consumer pharmaceutical advertising often argue that these ads have high public health value by encouraging uptake of the most therapeutically beneficial therapies. Our study pushes back against this argument," said lead researcher Neeraj Patel. "The U.S. is one of only two high-income countries in the world that widely permits direct-to-consumer advertising of prescription drugs," Patel said. "And there's been a ton of empirical research over the past two decades that has suggested that this type of advertising can be misleading, lead to inappropriate prescribing, and inflate health care costs." In the meantime, people should have frank discussions with their doctor about any drug that's caught their eye on TV, focusing on the real risks and benefits, Patel said.

Note: This profoundly eye-opening interview of a top cardiologist reveals without doubt how big Pharma has corrupted science and greatly damaged public health. For more along these lines, see concise summaries of deeply revealing news articles on big Pharma corruption from reliable major media sources.

Every five years, top officials of the Food and Drug Administration go behind closed doors to negotiate the terms of its core budget – about $3 billion this year. But the F.D.A. is not at the table with members of Congress or with White House officials. Instead, it's in dozens of meetings with representatives of the giant pharmaceutical companies whose products the agency regulates. The negotiations are a piece of the "user fee" program in which drug, device and biotech companies make payments to the agency partly to seek product approvals. The fees ... make up nearly half of the F.D.A.'s budget, financing 6,500 jobs at the agency. The pharmaceutical industry funding alone has become so dominant that last year it accounted for three-quarters – or $1.1 billion – of the agency's drug division budget. Advocates for patients and doctors say the agreements have enabled the industry to weaken the approval process meant to ensure that drugs are safe and effective. "It's kind of like a devil's bargain," said Dr. Joseph Ross, a professor at the Yale School of Medicine who has studied F.D.A. policies, "that I think is not in the best interest of the agency, because it turns this every-five-year cycle into the F.D.A. essentially asking industry, 'What can we do to secure this money?'" Senator Bernie Sanders ... suggested that the pharmaceutical companies' tendency to charge "outrageous" prices was related to their significant role in funding and advancing policy goals of the F.D.A.'s drug division.

Note: A revealing interview of a top cardiologist illuminates the history of how Big Pharma has corrupted science and greatly damaged public health. For more along these lines, see concise summaries of news articles on big Pharma corruption from reliable major media sources.

Researchers from Johns Hopkins University recently published an article in JAMA that highlights rising concern around the effects of direct-to-consumer advertising (DTC) on health care. Their work shows that DTC advertising might have direct harm on patients. They studied drug characteristics and total advertising expenditures for the 150 top-selling branded prescription drugs in the United States, finding that total promotional spending by the manufacturer was associated with a significantly lower added clinical benefit for the drug. In fact, companies spent nearly 15% more on DTC advertising for drugs that had demonstrated lower added benefit. Even more troubling, each 1.5% increase in spending was associated with a 10% increase in sales. Simply put, pharmaceutical companies spent more money on DTC advertising when medical research found that the drug was less effective, and this spending directly led to more sales for those inferior drugs. The U.S. is one of only two countries in the world that still allows direct-to-consumer advertising. Aside from increased pressure on providers to prescribe particular drugs which may not be the best option, there are other downsides to DTC. The data show that DTC advertising leads to increased drug costs overall, adding to the already skyrocketing costs of medical care in America. Additionally, DTC advertising tends to reduce use of generic medications, which are often equally effective but significantly cheaper for patients.

Note: This profoundly eye-opening interview of a top cardiologist reveals without doubt how big Pharma has corrupted science and greatly damaged public health. For more along these lines, see concise summaries of deeply revealing news articles on big Pharma corruption from reliable major media sources.

Few people think of the FCC as an environmental cop. It's known for regulating television and radio and overseeing the deployment of communications technology. But the agency also has a broad mandate to ensure that technology doesn't damage the environment. This role is particularly critical now, as the FCC presides over a nationwide buildout for 5G service, which will require 800,000 new "small cell" transmitters, those perched on street poles and rooftops, often near schools, apartments and homes. But even with this massive effort underway, as ProPublica previously reported, the FCC has refused to revise its radiation-exposure limits, which date back to the era of flip phones. In addition, the agency has cut back on the environmental reviews that it requires while also restricting local governments' control over wireless sites. The agency operates on the honor system, delegating much of its responsibility to the industries that it regulates. It allows companies to decide for themselves whether their projects require environmental study. And if the companies break the rules, they're expected to report their own transgression. Few do. In the rare instances in which the FCC investigates, even brazen illegality is often met with a minor fine, a scolding "admonishment" or no action at all. Just 10% of FCC enforcement cases between 2014 and 2016 resulted in a monetary penalty, while 40% ended with a warning and the rest resulted in no action.

Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption from reliable major media sources.

More than a quarter-century ago, Steven Donziger, a young American human rights lawyer, joined the legal effort to force Texaco to clean up the Ecuadoran headwaters of the Amazon rain forest. Between 1972 and 1992, the company dumped toxic waste and spilled billions of gallons of oil-exposed water across 1,700 square miles, an area larger than Rhode Island. In response, a coalition of rural Ecuadorans in the Lago Agrio region sued the US oil giant, and Donziger signed on to help and soon became the lead attorney on the case. In 2013, after a legal campaign that stretched across two continents, the 30,000 indigenous people and small farmers whom Donziger represented in a class-action lawsuit won a $9.5 billion judgment in Ecuadoran courts against Chevron, which acquired Texaco in 2001. It was one of the largest financial judgments ever against an oil company. Fast-forward to today, and Don­ziger is under house arrest in New York City, forced to wear an ankle monitor. The lawyer, now 59, is fighting contempt charges. Meanwhile, his clients in Ecuador have received nothing from Chevron. Without that funding, they have no way to cleanse the poisoned soil or treat what they say is an elevated number of cancer cases. In 2010 ... Chevron launched a countersuit in a New York federal court, alleging that Donziger and his allies had committed bribery and fraud in Ecuador to win the case. Meanwhile, residents in the Amazon rain forest live and work on poisoned land.

Note: Read more about this troubling case. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption from reliable major media sources.

JPMorgan Chase & Co. had ties to Jeffrey Epstein that ran deeper than the bank has acknowledged and extended years beyond when it decided to close the convicted sex offender's accounts. Mary Erdoes, a top lieutenant to Chief Executive Jamie Dimon, made two trips to Epstein's townhouse on Manhattan's Upper East Side, in 2011 and 2013, when Epstein still was a client of the bank, said the people familiar with the matter. She exchanged dozens of emails with him and discussed sharing with him fees related to a charitable fund the bank was considering launching. John Duffy, who ran JPMorgan's U.S. private bank for the ultrarich, went to Epstein's townhouse for a meeting in April 2013, the people said. One month later, the private bank renewed an authorization allowing Epstein to borrow money against his accounts despite repeated warnings from compliance staffers about his unusual banking practices. Justin Nelson, one of Epstein's bankers at JPMorgan, had about a half-dozen meetings at Epstein's townhouse between 2014 and 2017. He also traveled to Epstein's ranch in New Mexico in 2016. Epstein was convicted of soliciting a minor for prostitution in 2008 and forced to register as a sex offender. The new details show that JPMorgan was treating Epstein like a star client after his first conviction and despite repeated warnings from its own employees. And after JPMorgan closed Epstein's accounts, bankers kept meeting with him for years.

Note: One Nation Under Blackmail is a new book by Whitney Webb, an investigative journalist who explores the deep ties between Jeffrey Epstein and US and Israeli Intelligence criminal networks. Epstein had many concerning associations, including with Noam Chomsky as reported in Webb's most recent article. For more along these lines, see concise summaries of deeply revealing news articles on banking corruption and Jeffrey Epstein's crime ring from reliable major media sources.

A controversial facial recognition database, used by police departments across the nation, was built in part with 30 billion photos the company scraped from Facebook and other social media users without their permission. The company, Clearview AI, boasts of its potential for identifying rioters at the January 6 attack on the Capitol, saving children being abused or exploited, and helping exonerate people wrongfully accused of crimes. But critics point to privacy violations and wrongful arrests fueled by faulty identifications made by facial recognition, including cases in Detroit and New Orleans, as cause for concern over the technology. Once a photo has been scraped by Clearview AI, biometric face prints are made and cross-referenced in the database, tying the individuals to their social media profiles and other identifying information forever – and people in the photos have little recourse to try to remove themselves. CNN reported Clearview AI last year claimed the company's clients include "more than 3,100 US agencies, including the FBI and Department of Homeland Security." BBC reported Miami Police acknowledged they use the technology for all kinds of crimes, from shoplifting to murder. The risk of being included in what is functionally a "perpetual police line-up" applies to everyone, including people who think they have nothing to hide, [said] Matthew Guariglia, a senior policy analyst for the international non-profit digital rights group Electronic Frontier Fund.

Note: Read about the rising concerns of the use of Clearview AI technology in Ukraine, with claims to help reunite families, identify Russian operatives, and fight misinformation. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and the disappearance of privacy from reliable major media sources.

For the past decade, the White House and Congress have relied on the National Academies of Sciences, Engineering and Medicine, a renowned advisory group, to help shape the federal response to the opioid crisis, whether by convening expert panels or delivering policy recommendations and reports. Yet officials with the National Academies have kept quiet about one thing: their decision to accept roughly $19 million in donations from members of the Sackler family, the owners of Purdue Pharma, the maker of the drug OxyContin that is notorious for fueling the opioid epidemic. The opioid crisis has led to hundreds of thousands of overdose deaths, spawned lawsuits and forced other institutions to publicly distance themselves from Sackler money or to acknowledge potential conflicts of interest from ties to Purdue Pharma. The National Academies has largely avoided such scrutiny as it continues to advise the government on painkillers. Institutions that more publicly examined their use of Sackler donations include Tufts University, which released a review of possible conflicts of interest related to pain research education funded by Purdue Pharma. Concerns noted in the report included a senior Purdue executive's delivering lectures to students each semester. The World Health Organization in 2019 retracted two guidance documents on opioid policy after lawmakers aired concerns about ties to opioid makers, including a Purdue subsidiary, among report authors and funders.

Note: For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma corruption from reliable major media sources.

The U.S. has not engaged in a defensive war for nearly 80 years, instead destabilizing governments worldwide in Vietnam, the Korean Peninsula, Iraq, Afghanistan, throughout Africa and across Latin America. Although all weapons of mass destruction in space are technically prohibited by the 1967 Outer Space Treaty, it isn't without precedent for major military powers to withdraw from such treaties. In 2019, President Donald Trump diverged from President Barack Obama's promise he would "not weaponize space," and created an official Space Force. Countersurveillance and counter-communications have been central goals of U.S. military space operations since the 1990s, alongside attaining U.S. "full spectrum dominance" of all potential conflict sites – including space. Space infrastructure ... increases the risk of global nuclear war by presenting new opportunities for armament and hostility. The government's ability to militarize this technology is strongly related to investment and development in the private sector through companies such as Boeing, SpaceX and Blue Origin. The commercial arm of the military-industrial complex is extending into space. Along with Blue Origin, SpaceX has collaborated with DOD in developing rapid global military cargo delivery systems, which the DOD hopes will make for global military logistics – delivery of supplies, weapons and even human soldiers anywhere on earth – in under 60 minutes.

Note: For more along these lines, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.

Big pharma spends more money on advertising for drugs that have lower health benefits for patients, according to a study published in JAMA on Tuesday, shedding new light on the almost uniquely American practice amid fierce debate over whether direct-to-consumer prescription drug ads should be banned. The proportion of advertising spending allocated to direct-to-consumer ads was an average of 14.3 percentage points higher for drugs with a low added benefit compared to those with a high added benefit, according to the peer-reviewed analysis of the 150 best-selling branded prescription drugs. Manufacturers of the top six best-selling drugs spent the bulk of their promotional budgets–more than 90%–targeting consumers directly rather than clinicians for a range of treatment options for conditions including HIV, multiple sclerosis and numerous cancers. The findings could suggest pharma firms are aiming promotional dollars directly towards consumers ... as part of a "strategy to drive patient demand for drugs that clinicians would be less likely to prescribe," said the study's lead author Michael DiStefano. Just two countries in the world allow drug makers to market prescription medications directly to consumers: the U.S. and New Zealand. Most countries prohibit directly advertising prescription medications to the public, something the WHO says influences both people and, indirectly, the medical professionals treating them, making it "harder to make decisions on evidence based medicine."

Note: For more along these lines, see concise summaries of deeply revealing news articles on pharmaceutical corruption and media manipulation from reliable sources.

There's no better way to reach an audience today than through social media – and Big Pharma is well aware of that. The video-sharing platform TikTok, for example, is being flooded with videos of users testifying to wellness through prescription drugs, with hashtags like #adhd (22.3B views), #ozempic (675.1M views) and #wegovy (259.3M views) consistently trending. Now, experts are warning about this misleading tactic by drugmakers, in paying popular social media users to espouse their products under the guise of honest reviews, in a new study published this week in the Journal of Medical Internet Research. These so-called patient influencers, or patient "advocates," are social media influencers who use their platform to promote pharmaceutical medications and/or medical devices. Researchers at the University of Colorado Boulder analyzed 26 recent interviews with patient influencers, who had been diagnosed with conditions such as lupus, fibromyalgia, Parkinson's disease, asthma, HIV, celiac disease, chronic migraines and perimenopause. The majority (69%) had previously collaborated with a pharmaceutical company in some way. The Federal Trade Commission mandates that influencers must disclose if they have been paid by using hashtags, such as by adding #ad or #sponsored to related posts, while the Food and Drug Administration has rules and regulations regarding what can be said on social posts. Nevertheless, many consumers fail to decipher a sponsored ad from genuine peer-to-peer advice.

Note: For more along these lines, see concise summaries of deeply revealing news articles on pharmaceutical corruption and media manipulation from reliable sources.

We urgently need a national debate about guns. But we also urgently need a national debate about the epidemic of mood-altering drugs being prescribed to young Americans. Mass shooters in the United States tend to be young, obsessive, male loners and many have been prescribed psychoactive drugs. For example, Eric Harris, one of the two shooters at Columbine High School in Columbine, Colorado, in 1999–which ushered in the current spate of mass shootings–was on the psychotropic drug Luvox. Prescribing information for the antidepressant says, "Close supervision of patients and in particular those at high risk should accompany drug therapy." Jeff Weise, who fatally shot his grandfather, his grandfather's girlfriend, and then seven others at the Red Lake Senior High School in Minnesota in 2005, was on the well-known antidepressant Prozac. Two years later, Cho Seung-Hui, who perpetrated the Virginia Tech mass shooting, also was found to be on psychoactive antidepressants. Jeanne Stolzer, associate professor of child and adolescent development at the University of Nebraska-Kearney, observes that "despite the multitude of international drug regulatory warnings on all classifications of psychiatric medications citing adverse reactions such as suicidal ideation, homicidal ideation, violence, and psychosis, not one local, state, or federal commission has investigated the correlation between the mass shootings in America and the use of psychiatric medications."

Note: Although Epoch Times is often deemed as a controversial media platform, this article raises legitimate questions on an important topic seldom discussed. Read a revealing article that investigates the alarming adverse events associated with common mood-altering medications prescribed for those struggling with mental illness. For more on this concerning trend, consider exploring an in-depth article written by an anonymous doctor who reveals the decades of evidence showing how adverse reactions from psychiatric drugs can manifest as both suicides and homicides.

In 2013, the European Union called for a temporary suspension of the most commonly used neonicotinoid-based products on flowering plants, citing the danger posed to bees – an effort that resulted in a permanent ban in 2018. In the U.S., however, industry dug in, seeking not only to discredit the research but to cast pesticide companies as a solution to the problem. Lobbying documents and emails ... show a sophisticated effort over the last decade by the pesticide industry to obstruct any effort to restrict the use of neonicotinoids. Bayer and Syngenta, the largest manufacturers of neonics, and Monsanto, one of the leading producers of seeds pretreated with neonics, cultivated ties with prominent academics ... and other scientists who had once called for a greater focus on the threat posed by pesticides. A study published in peer-reviewed journal PLOS One found that the American landscape has become 48 times more toxic to insects since the 1990s, a shift largely fueled by the rising application of neonics. "Generally, we see the U.S. waiting longer than the EU to take action on a variety of pesticides and other chemicals," said [Willa] Childress ... with Pesticide Action Network North America. Part of the divergence, Childress continued, stems from a regulatory system in the U.S. that assumes chemical products are generally safe until proven hazardous. In contrast, the EU tends to use the "precautionary principle," removing products that may cause harm.

Note: Merchants of Poison: How Monsanto Sold the World on a Toxic Pesticide is a recent and comprehensive analysis of documents released in litigation against Monsanto and their dangerous use of glyphosate. These revealing documents expose years of pesticide industry disinformation, attacks on scientists and journalists, and Monsanto's deep influence on US regulatory agencies to manipulate science and prioritize profits over public health. For more along these lines, see concise summaries of deeply revealing news articles on corruption in science and in the food system from reliable major media sources.

The secret contract was finalized on Nov. 8, 2021, a deal between a company that has acted as a front for the United States government and the American affiliate of a notorious Israeli hacking firm. Under the arrangement, the Israeli firm, NSO Group, gave the U.S. government access to one of its most powerful weapons – a geolocation tool that can covertly track mobile phones around the world without the phone user's knowledge or consent. Only five days earlier, the Biden administration had announced it was taking action against NSO, whose hacking tools for years had been abused by governments around the world to spy on political dissidents, human rights activists and journalists. The White House placed NSO on a Commerce Department blacklist, declaring the company a national security threat. The secret contract ... violates the Biden administration's public policy, and still appears to be active. The contract, reviewed by The Times, stated that the "United States government" would be the ultimate user of the tool, although it is unclear which government agency authorized the deal and might be using the spyware. Elements of America's expansive national security apparatus in recent years have bought the weapons, deployed them against drug traffickers, and have quietly pushed to consolidate control of them into the hands of the United States and its closest allies. The F.B.I. purchased access in 2019 to NSO's most powerful hacking tool, known as Pegasus, which invades mobile phones and mines their contents.

Note: Read how journalists and activists have been targeted with NSO Group spyware. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and the disappearance of privacy from reliable major media sources.

In recent months, the Pentagon has moved to provide loans, guarantees, and other financial instruments to technology companies it considers crucial to national security – a step beyond the grants and contracts it normally employs. So when Silicon Valley Bank threatened to fail in March following a bank run, the defense agency advocated for government intervention to insure the investments. The Pentagon had even scrambled to prepare multiple plans to get cash to affected companies if necessary, reporting by Defense One revealed. Their interest in Silicon Valley Bank stems from the Pentagon's brand-new office, the Office of Strategic Capital. The secretary of defense established the OSC in December specifically to counteract the investment power of adversaries like China in U.S. technologies, and to secure separate funding for companies whose products are considered vital to national security. The national security argument for bailout, notably, found an influential friend in the Senate. As the Biden administration intervened to protect Silicon Valley Bank depositors on March 12, Sen. Mark Warner, D-Va., who chairs the powerful Senate Intelligence Committee and also sits on the Banking Committee, issued a press release warning that the bank run posed a national security risk. Warner – the only member of Congress to have publicly tied SVB to national security – has received significant contributions from the financial sector. Since 2012, Warner has received over $21,000 from Silicon Valley Bank's super PAC.

Note: Many tech startups with funds in Silicon Valley Bank were working on projects with defense and national security applications. Explore revealing news articles on the rising concerns of the emerging technologies that the Defense Department is investing in, given their recent request for $17.8 billion to research and develop artificial intelligence, autonomy, directed energy weapons, cybersecurity, 5G technology, and more.

A US Virgin Islands investigations into the sex trafficker Jeffrey Epstein's ties to an American bank issued subpoenas to four wealthy business leaders on Friday, extending its reach into the highest echelons of tech, hospitality and finance. The subpoenas issued to the Google co-founder Sergey Brin, Hyatt Hotels chairperson Thomas Pritzker, American-Canadian businessman Mortimer Zuckerman and former CAA talent agency chairperson Michael Ovitz are crafted to gather more information about Epstein's relationship with JPMorgan Chase. The Virgin Islands' lawsuit against JP Morgan, the world's largest bank in terms of assets, alleges that the institution "facilitated and concealed wire and cash transactions that raised suspicion of – and were in fact part of – a criminal enterprise whose currency was the sexual servitude of dozens of women and girls in and beyond the Virgin Islands". "Human trafficking was the principal business of the accounts Epstein maintained at JP Morgan," it said. The disgraced financier ... owned two private islands – Little Saint James, or "Epstein Island", and Great Saint James – in the American territory, and authorities there have secured a $105m settlement from his estate. The demand for any communications and documents related to the bank and Epstein from four of the wealthiest people in the US comes days after it was reported that Jamie Dimon, JP Morgan's chairperson and chief executive, is expected to be deposed in the case.

Note: For more along these lines, see concise summaries of deeply revealing news articles on Jeffrey Epstein's child sex trafficking ring from reliable major media sources.

Important Note: Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.