Heady News Update

CEO BUSTED for INSIDER TRADING Samuel Waksal, the former CEO of ImClone Systems was arrested by the FBI on charges he illegally acted on inside information in attempting to sell ImClone shares and tipping others to do likewise, including Martha Stewart who dumped 3000 shares of ImClone the day before the FDA announced it was rejecting their new experimental cancer drug Erbitux and made a nice $175,000.

Subpoena Martha Stewart! and start selling MSO stock! in her company Martha Stewart Living Omnimedia Tampa Reporter David Simanoff sent me an article from the Slate.com which says: "Shares in Martha Stewart Living Omnimedia have dropped 10 percent today on news that FBI agents arrested Martha's longtime friend Samuel Waksal this morning. Waksal, until recently CEO of the drug company ImClone Systems, is being charged with conspiracy to commit securities fraud and perjury... Waksal tipped off two ImClone investors to sell their stock on Dec. 27, 2001—the day before the Food and Drug Administration rejected ImClone's application for a cancer drug called Erbitux... Completely by coincidence, Martha Stewart sold about 3,000 ImClone shares that very day. Stewart's shares were worth about $175,000."

ARTIST CHOPS OFF OWN FINGER! Seriously, here's a blurb: "Wielding an ax before a bewildered audience, a French performance artist Pierre Pinoncelli chopped off his pinky finger in a gory show meant to symbolize the loss suffered by the kidnapping of a Colombian politician. Pinoncelli, whose previous stunts include urinating on Marcel Duchamp's work "The Urinal," shocked an art festival audience in the provincial city of Cali with his weekend self mutilation to protest the kidnapping of Colombian presidential candidate Ingrid Betancourt."