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Kyle Shanahan confirms the 49ers have moved on to Trey Lance

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SANTA CLARA (Diya TV) — Trey Area is officially here. On Tuesday, San Francisco 49ers HC Kyle Shanahan proclaimed in a press conference that the team has moved on from former starter Jimmy Garoppolo and is looking towards Trey Lance, the 2021 3rd overall pick out of North Dakota State. A massive trade up during the 2021 offseason led to the selection of Lance as the Niners had to mortgage their short term future to potentially secure their long term future.

During the season however, Garoppolo had taken the reins with Lance only seeing time on the field when Garoppolo was hurt. Lance himself also had to deal with injuries but was able to start two games. The Niners made the big trade-up because of Garoppolo’s inconsistency in play and health. A big statement from Shanahan ended any doubts about Lance being the starter or a potential QB battle in camp: 

“We have moved on to Trey. This is Trey’s team. That’s nothing against Jimmy. We made that decision a year ago and we’re going with that. We’re not going to mess around with that anymore. Jimmy understands that fully. That’s a business decision and that’s what makes it not awkward. Jimmy knows we’re going with Trey. Trey knows we’re going with Trey and our team does, and everyone likes both of those guys.”

– HC Kyle Shanahan

It is the end of an era for Jimmy Garoppolo in San Francisco. After the Niners traded a 2nd round pick for him, he enjoyed successful years with the team, including 2019 and 2021 which saw the Niners make it to the final four (and a Super Bowl appearance in 2019). Ultimately, the team felt they needed an upgrade at the sport’s most important position and are now making the switch. 

As for potential trade suitors for Garoppolo, keep an eye on the Seattle Seahawks. It would be tough to negotiate with a division rival but if Seattle eats most of Garoppolo’s salary while sending over a high value pick, a deal could get done. Another likely situation is the Niners waiting for a starting QB to get injured in camp (it happens every year) as this will give them an avenue to trade Garoppolo for the value they seek. 

The Niners have officially ushered in a new era and are setting their sights on a bright future led by Trey Lance.

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FTX’s Nishad Singh got $543 million loan

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More fallout from the FTX cryptocurrency platform collapse. Court documents show its affiliate Alameda Research loaned executives like Sam Bankman Fried $1 billion and more than $500 million to Indian American Nishad Singh, FTX’s top engineer. FTX’s interim CEO says never in his career has he seen such complete failure of corporate controls and a complete absence of trustworthy financial information. The company filed for Chapter 11 bankruptcy after it was unable to come up with customer funds.

Elizabeth Holmes was sentenced to more than 11 years in prison after her conviction in January for defrauding investors while running the failed blood testing start up Theranos.In her trial, Holmes alleged she was in the midst of a decade-long abusive relationship with her then-boyfriend and Theranos COO Ramesh “Sunny” Balwani. The Indian American was also found guilty for his role in this fraud and will be sentenced later.

Starting next month, India will assume the G20 presidency for a year and chair more than 200 meetings, leading the way for global economic growth. Prime Minister Narendra Modi said his country’s leadership here will be inclusive, ambitious, and decisive.

Ravi Kapur contributed to this report.

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Arvind Venkat & Tarik Khan win Pennsylvania State seats

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WASHINGTON D.C. (Diya TV) – Looking back at the midterm elections, Arvind Venkat and Tarik Khan made history as the first South Asian Americans elected to the Pennsylvania State Legislature. Advocacy group Indian American Impact played a major role on the ground, saying it trained and mobilized 200 volunteers to go door-to-door, to engage voters and provide info they needed to elect new leadership.

After 35 years, the Nancy Pelosi era is officially coming to an end. The speaker from San Francisco announced she’s bowing out of leadership, but will retain her House seat. The midterms cost Pelosi’s Democratic party the House and effectively ended her speakership.

Two former Indian American executives at Meta Platforms will launch a new non fungible token start up for creators. Kirthiga Reddy and Saurabh Doshi have raised more than $8 million for their new company called Virtualness. But they are facing headwinds as the FTX cryptocurrency exchange collapse is putting pressure on the entire industry.

Ravi Kapur contributed to this report.

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Meet FTX insider Nishad Singh

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SAN FRANCISCO (Diya TV) – The controversy around failed cryptocurrency exchange FTX continues to captivate the world. Part of the scrutiny is now on the people involved, including Indian American Nishad Singh. According to new reports, this techie was part of FTX’s inner circle, which lived together and ran the cryptocurrency empire from the Bahamas. The software engineer was also reportedly aware that FTX secretly transferred customer funds worth billions of dollars to its sister firm Alameda Research. Currently, no one is facing any criminal charges. Diya TV featured Singh more than a decade ago for running ultra marathons as a 17 year old getting ready for college. 

Former President Donald Trump has officially announced he is running for president in 2024, marking his third bid for the White House. Trump had been hinting at this announcement for months, as the embattled former president faces multiple criminal and civil litigations and as his party is grappling with a worse than expected showing in the midterm elections. 

At the G20 Summit in Bali, world leaders including Indian Prime Minister Narendra Modi and U.S. President Joe Biden are coming together to condemn the rising threat of nuclear weapons as Russia’s war against Ukraine continues to raise tension and anxiety around the world.

Ravi Kapur contributed to this report.

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