Sam Bankman-Fried, the disgraced founder and former CEO of crypto company FTX, has been arrested in the Bahamas and charged by federal officials with eight counts of fraud, conspiracy, campaign finance law violations and money laundering.  He is being accused of funneling customer money into his hedge fund to make investments and loans to himself.  About $8 billion in client funds have gone missing with only $1 billion being recovered.  The difficulty there is that there was no adequate record-keeping as it was found out the multibillion-dollar company was using QuickBooks.  Dan Primack, business editor at Axios, joins us for what to know.

 

Next, a significant breakthrough when it comes to fusion energy, something that could one-day provide us with unlimited clean power.  Researchers at the National Ignition Facility were able to achieve what is called ignition, getting more energy out of a reaction than what they put in.  The team fired 192 laser beams at a small fuel pellet and produced a small amount of net gain energy.  While this is an important step in proof-of-concept of the science, it is still a long time away from being a commercially viable energy source.  The lasers and equipment used would have to be drastically upgraded to produce more energy.  Umair Irfan, senior correspondent at Vox, joins us for this fusion energy breakthrough.

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