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Welcome to your December 16 newsletter...
Hawk Tuah Haliey Welch's crypto team earned £2.59M despite a botched token launch that left fans frustrated. Some fans have filed complaints with the SEC, citing concerns over the launch's mishandling. Also, get to know this new AI tool that helps health claims easier and with 85% success rate:
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In the Fast Lane of Business...
> The launch of the HAWK meme coin by influencer Hailey Welch has sparked controversy after reports revealed her team profited £2.59 million ($3.3 million) during the token's chaotic rollout. The coin's value crashed by 95% shortly after launch, leading to investor outrage, SEC complaints, and accusations of a "rug pull" scheme. Welch, who promoted the coin as a community reward for fans, faces potential legal repercussions amid allegations of insider trading and misleading practices. The HAWK debacle underscores the risks of speculative meme coins, with experts urging investors to prioritize established cryptocurrencies like Bitcoin and Ethereum. > TikTok Shop, launched in September 2023, has surpassed online giants Shein, Sephora, and Qurate in US consumer spending during the third financial quarter, according to a 2025 consumer trends report. The report found that 80% of TikTok’s monthly users in the US are aware of TikTok Shop, with 45% purchasing fashion items and 44% buying beauty products, among other categories. TikTok Shop’s rapid growth mirrors the success of its Chinese counterpart Douyin, but the platform faces challenges, including a potential US federal ban over data security concerns. To counter uncertainty, TikTok has introduced promotions like shop credits to boost user engagement ahead of the ban deadline. > UnitedHealth Group CEO Andrew Witty mourned the death of Brian Thompson, head of the company’s insurance division, and acknowledged the flaws in the U.S. health-care system, calling it a "patchwork built over decades" in need of reform. Witty pledged to work with various stakeholders to deliver better care and lower costs, while also admitting the company shares responsibility for challenges like rising premiums and denied claims. The killing of Thompson by a health-care critic has intensified public anger toward the insurance industry, with patients voicing frustrations about high costs and lack of transparency. Witty emphasized the need for better communication about coverage decisions and highlighted the company’s mission to improve patient outcomes and safety.
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Unique Business Idea For You
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Side Hustle You’d Be Crazy Not to Try
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Personal Finance News
> The holiday season can bring financial stress, but your credit card may offer unexpected benefits to help ease the burden. By taking advantage of rewards programs, you can earn points, miles, or cash back on holiday purchases to save on future expenses like travel. Many credit cards also provide promotional perks, such as bonus rewards or statement credits for new accounts, and higher rewards for specific spending categories like groceries or dining. Additionally, credit cards often include hidden benefits like purchase protections and extended warranties, making them a valuable tool for smart holiday spending. For quality financial education and to take care of your credit score, click here. > UK entrepreneur Warris Bokhari is tackling the issue of health insurance claim denials in the U.S. with Claimable, an AI-powered startup boasting an 85% success rate in overturning denials. Using AI, Claimable generates tailored appeals by analyzing clinical research, policy details, and patient histories, offering patients an affordable way to fight back against systemic barriers. The platform handles appeals for over 70 FDA-approved treatments and ensures regulatory agencies are informed about each case, amplifying patient voices. Backed by seed funding and industry partnerships, Claimable aims to empower patients and drive change in a healthcare system that often leaves individuals struggling for necessary care. > Airline passengers are increasingly willing to pay for premium seating, reducing the availability of free upgrades for frequent flyers. Carriers like Delta and American Airlines have responded by expanding first-class and business-class offerings, with premium seats now contributing a larger share of revenue. Airlines have also shifted loyalty programs to reward spending over miles flown, making elite status harder to achieve. This trend reflects changing traveler preferences, particularly among younger customers, who prioritize premium experiences over other expenses.
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