Founder Nate Anderson said in an online post that the New York City-based firm has “finished the pipeline of ideas we were working on” and will close down. (The Logic)

Talking point: Hindenburg was founded in 2017 and became well known for its successful short-selling strategies and research reports accusing prominent firms of alleged fraud. A 2020 report against electric-truck maker Nikola was one of the first to receive widespread attention. Hindenburg turned to Vancouver’s Standard Lithium in 2022, alleging the firm had “unproven technology and a team stacked with seasoned stock promoters” in a report disputed by the company. More recently, Hindenburg accused India’s Adani group of “brazen stock market manipulation and accounting fraud.” Short-sellers have faced increasing scrutiny from U.S. regulators. In July, the Securities and Exchange Commission charged short-seller Andrew Left with fraud, alleging he misled investors by taking advantage of stock price movements caused by his recommendations to make short-term profits.