EyePoint Pharmaceuticals: Q1 Earnings Snapshot
WATERTOWN, Mass. — WATERTOWN, Mass. — EyePoint Pharmaceuticals (EYPT) on Wednesday reported a loss of $45.2 million in its first quarter.
The Watertown, Massachusetts-based company said it had a loss of 65 cents per share.
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Leaders of ‘orgasmic meditation' women's wellness company OneTaste convicted in forced labor trial
NEW YORK -- The leaders of a sex-focused women's wellness company that promoted 'orgasmic meditation' have been convicted of federal forced labor charges. A Brooklyn jury on Monday found Nicole Daedone, founder of OneTaste Inc., and Rachel Cherwitz, the California-based company's former sales director, guilty after deliberating for less than two days following a five-week trial. The two each face up to 20 years in prison when sentenced later. Prosecutors had argued the two women ran a yearslong scheme that groomed adherents — many of them victims of sexual trauma — to do their bidding. They said Daedone, 57, of New York, and Cherwitz, 44, of California, used economic, sexual and psychological abuse, intimidation and indoctrination to force OneTaste members into sexual acts they found uncomfortable or repulsive, such as having sex with prospective investors or clients. The two told followers the questionable acts were necessary in order to obtain 'freedom' and 'enlightenment' and demonstrate their commitment to the organization's principles. Prosecutors said OneTaste leaders also didn't pay promised earnings to the members-turned-workers and even forced some of them to take out new credit cards to continue taking the company's courses. Assistant U.S. Attorney Nina Gupta, in her closing statement last week, said the defendants 'built a business on the backs' of victims who 'gave everything' to them, including 'their money, their time, their bodies, their dignity, and ultimately their sanity.' 'The jury's verdict has unmasked Daedone and Cherwitz for who they truly are: grifters who preyed on vulnerable victims by making empty promises of sexual empowerment and wellness only to manipulate them into performing labor and services for the defendants' benefit,' said Joseph Nocella, U.S. Attorney for the Eastern District of New York. Daedone's defense team cast her as a 'ceiling-shattering feminist entrepreneur' who created a unique business around women's sexuality and empowerment. Cherwitz's lawyer, Celia Cohen, argued that the witnesses who testified weren't forced to do anything. When they didn't like the organization anymore or wanted to try other things, she said, they simply left. 'No matter what you think about OneTaste and what they were doing, they chose it. They knew what it was about,' she said in her closing statement last week. 'The fact they are regretting the actions that they took when they were younger is not evidence of a crime.' Lawyers for the defendants said their clients maintain their innocence and intend to appeal. 'We are deeply disappointed in today's verdict," the lawyers said in a statement Monday. "This case raised numerous novel and complex legal issues that will require review by the Second Circuit.' Daedone co-founded OneTaste in San Francisco in 2004 as a sort of self-help commune that viewed female orgasms as key to sexual and psychological wellness and interpersonal connection. A centerpiece was 'orgasmic meditation,' or 'OM,' which was carried out by men manually stimulating women in a group setting. The company enjoyed glowing media coverage in the 2010s and quickly opened outposts from Los Angeles to London. Portrayed as a cutting-edge enterprise that prioritized women's sexual pleasure, it generated revenue by providing courses, coaching, OM events, and other sexual practices for a fee. Daedone sold her stake in the company in 2017 for $12 million — a year before OneTaste's marketing and labor practices came under scrutiny. The company's current owners, who have rebranded it the Institute of OM Foundation, have said its work has been misconstrued and the charges against its former executives were unjustified.
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42 minutes ago
- Yahoo
Readers sound off on the Trump/Musk rift, anti-ICE protests and Diddy's abuse
Dartmouth, Mass.: Being the richest man in the world does not appear sufficiently ego-gratifying for Elon Musk. Observing his recent involvement with the Trump administration, with his destructive actions leading the DOGE crusade to disrupt or destroy American governance, one wonders what his motivation is. Is it financial gain, media attention or a quest for power? Or is it a grand plan conceived by a man with a deep psychological disorder? Musk's recent severe criticism of President Trump's legislative agenda is perhaps the first salvo in his plan to save America from the conflagration he ignited and helped enlarge. Is the grand scheme to now be the white knight who comes to the rescue and douses the flames, thereby becoming the hero who saved America? The legislative and judicial branches of government have either enabled, been enriched by or ignored the destruction occurring to American democracy. Musk can now assume the role of hero by utilizing his enormous resources to defeat Trump's agenda by threatening to 'out-primary' any Republican legislators who continue to support the president. Trump has certainly provided a roadmap by imposing or threatening tariffs, or defunding and then dowsing the flames with a change of course, thus appearing as though he's coming to the rescue of America. Musk has far more personal resources and grasp of political strategy than Trump, and may have greater aspirations as he interjects himself into the politics of Brazil, Germany and the United States. Betty Ussach Glendale: From the ancient text 'The Art of War' by Sun Tzu, it is said, 'All war is based on deception.' The same applies to the accusations of division now viewed as front-page news regarding Trump versus Musk. Such antics create a storyline that hurts people. Also stated in the book: 'There's no instance of a nation benefiting from prolonged warfare.' Our country is experiencing a period of adjustment whereby deception has been made to separate us. The lesson from the book stipulates, 'There are times when you have to forgive your enemies and love them as your own.' Hatred never ends if people embrace only what makes them comfortable. Jonathan Kiddrane Brooklyn: Let me get this straight. TACO man sits on his hands when his criminal cultists storm the Capitol, but he unleashes the National Guard on peaceful protesters? When is this madness going to end? Don't tell me America is not in the midst of a constitutional crisis. June Lowe Staatsburg, N.Y.: Trump deploys the National Guard for individuals who are protesting in Los Angeles. Rioters attacked the Capitol on Jan. 6 and the National Guard was not deployed, then the rioters were pardoned. What's wrong with this picture? I really hope no one tries to explain this to me, because it's obvious that this so-called president has no idea how to run this joke of a country that the United States has become. Glenn Marowitz Manhattan: Joe Biden thought he needed woke approval to be reelected. Woke devotees created sanctuary cities and no immigrants could be deported. That and no bail for repeat criminals was the end for Biden and the Dems. They would not allow the bad apples to be vetted and deported. Trump had a royal straight flush in this game of hold 'em. An inexperienced Vice President Kamala Harris only added to the pot. Trump got elected and decided to deport everyone. All those righteous people are now thrown in with the criminals. These uprisings in California are just the beginning. We will soon see violent terrorist operations carried out secretly. People like AOC and City Council Speaker Adrienne Adams are responsible. Fascist Trump is smiling and licking his lips as if he just had a jelly donut. There are no strong Dems to counteract him. We are in big trouble. Michael Malewich Avon-by-the-Sea, N.J.: There were a few letters in yesterday's edition questioning why ICE agents cover their faces. Simple answer: Same reason the protesters do — to avoid discovery. Protesters want to evade arrest and prosecution. ICE agents want to protect their families and selves from retaliation. The liberal justice system would most likely free the criminals while ICE agents face physical retaliation. Robert Stiloski Bronx: Where is the outcry from the left demanding that protesters remove their masks? More importantly, where is their condemnation of the violence and destruction taking place? Those who take part in destructive mobs should be held accountable and required to pay for any damages caused. Even a simple act of assault or resistance against a federal officer can carry up to a year in jail. Enforcing the law consistently is essential to stopping this wave of violence. Al D'Angelo Smithtown, L.I.: Voicer Katherine Raymond agrees with democratic-socialist ideas such as taxing the rich but, like almost all liberals, 'the rich' are anyone making more than her. She shows her hand by questioning how anyone can think a household income of $1 million qualifies as rich. Is she kidding or is this a misprint? Andrew Ross Bronx: As a 48-year Belmont/Little Italy resident, community advocate and 37-year NYC Board of Education/Department of Education educator and parent, it has become abundantly clear that neither Rafael Moure-Punnett, the rest of Bronx Community Board 6, The Belmont BID or, as of yet, any of our local politicians have shown a genuine or active interest in the safety and wellbeing of the children, teenagers or families in our neighborhood in regard to the completely unchecked speeding that has been going on for more than a decade one block from our local elementary, middle and high schools. Despite the Department of Transportation claiming to have done a study in this area, one of their representatives would not provide the time or date they did so, yet insisted that their conclusion had been there was no need for a traffic light on the corner of this highly dangerous intersection. Jeff Vargon Peekskill, N.Y.: To Voicer John Weiss: Wrong you are! On page 24 in Friday's Daily News, there was an article on the 81st anniversary of that momentous day ('WWII vets are still toast of Normandy even 81 years later,' June 6)! I guess it appeared in my paper and no one else's. Steven Bevacqua Pleasantville, N.Y.: To Voicer Nick Smith: My letter wasn't saying that criticism of Israel is always antisemitic, it was more about why Israel is the only country heavily criticized for fighting terrorism. Every year, when Yom Haatzmaut, which is known as Israeli Independence Day, and the Salute to Israel Parade come up, I always hear a bunch of anti-Israel fanatics calling it Nakba Day as an insult. Had the Arabs just accepted the UN Partition Plan back in 1947 rather than attack the Jews that day, there wouldn't be such issues now. As for me living where I do, it was because my father had a major job transfer when I was an infant that brought my family here. If you really believe in giving land back to indigenous groups, then give your property to the Native American tribe that originally lived there. Tal Barzilai Staten Island: So far, everything I have read or seen about Sean 'Diddy' Combs shows that he is rich, controlling and a bully. No matter what, people's lives have been ruined. I hope he can't buy his way out of this. Thomas Bell Bronx: To Voicer Stephanie Revander: You do not disagree with what I said, but how I said it. 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Yahoo
2 hours ago
- Yahoo
Grant termination endangers Holyoke energy project
HOLYOKE, Mass. (WWLP) – Top U.S. lawmakers are sounding the alarm as the Trump Administration rolls back on grants impacting our region. Iconic 'Plantation Man' statue to be restored in East Longmeadow for Fourth of July The termination could jeopardize the construction and jobs of a low-carbon cement plant in Holyoke. Mass. clean cement company hopes to win back $87M federal award A major clean energy project in Holyoke could be facing some serious delays after a federal grant was terminated by the Trump administration, cutting $3.7 billion in clean energy grants, including $87 million that was promised to Sublime Systems, a start-up company out of Somerville. They were scheduled to open a 16-acre facility on Water Street in Holyoke within the next couple of years. It would produce tens of thousands of tons of low-carbon cement annually. It's also set to create about 70 jobs . Congressman Richard Neal helped draft the Inflation Reduction Act, which funded the a statement, he tells 22News, 'Scrapping funding for projects like sublime systems in Holyoke undercuts years of progress in decarbonizing heavy industry, jeopardizes good-paying jobs and economic development in communities that need it most.' A spokesperson for Sublime Systems tells 22News that they are 'surprised' and 'disappointed' by this decision, adding that their company is in alignment with the trump administration its goal to reduce imports. 'Sublime was surprised and disappointed to receive the news about the termination of our Industrial Demonstrations Program award, given the clear progress we've made in scaling our American-invented technology, partnering with some of the Western World's largest cement producers, and generating a bankable customer base. We've heard the policymakers in DC say loud and clear that they desire to displace foreign imports with products that can be made here in America, by dominant American innovation, for America's economy.' Erin Glablets, Sublime Systems As for what's next, they go on to say, 'Scenarios that leave our scale-up unimpeded,' and as the company explores their options, Neal says he will continue to urge the trump administration to reverse this decision and recommit to a forward-looking energy strategy. 22News has reached out to the office of Holyoke Mayor Joshua Garcia. We will have their response as soon as we hear back. WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
