The New York Times reports the issues some of the services by Apple Inc. are facing.

A scientist at a pharmaceutical company knows that a drug in development at their company will fail to get FDA approval.

Forbes magazine adjusts its estimate of the net worth of a blood$-$testing company after the company is accused of endangering customer health.

A worker at a financial firm reads on the company's website about an upcoming merger between the company they work for and another company and suggests to their friend to buy the stock of their company.

Those who trade stocks based on inside information usually earn very high rates of return.

True or False: This fact does not violate the efficient markets hypothesis because the efficient markets hypothesis argues that the price of a stock reflects all publicly available information about the value of the stock.

True

False