Former nursing home CEO included in Biden’s sweeping clemency grant
James Burkhart was chief of Indiana’s largest chain of nursing homes before being indicted on 32 fraud counts in 2016.
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Skyrocketing car-insurance premiums pushing inflation higher
Insurance premiums are among a handful of stubborn costs that have yet to yield much relief for consumers, in addition to shelter costs and other services like medical care.
Consumer protection agency finalizes rule limiting overdraft fees
The agency estimates the new rule would save consumers about $5 billion in annual overdraft fees, or $225 per household that typically experiences the fees.
Congress passes Young-backed bill to add more U.S. judges, but veto looms
A bill that would create dozens of new federal judgeships across the country received final approval in Congress on Thursday morning, setting up a likely veto from President Joe Biden even as his administration pushes to confirm his final nominees to fill existing judicial vacancies.
EPA bans two cancer-causing chemicals used in everyday products
The EPA conducted risk analyses last year and found that both substances present unreasonable risk of injury to human health or the environment.
Survey: 8 percent of Americans didn’t have health insurance in 2023
In addition to those without insurance, the research found that 12 percent of respondents experienced a lapse in coverage over the past year
TikTok asks court to pause law that could shut down app next month
The company said the Supreme Court should have an opportunity to wade into the matter given it is an “exceptionally important case” that could force a shutdown of “one of the Nation’s most popular speech platforms.”
UnitedHealthcare CEO shooting driving companies to examine security
Security consultants said the shooting, while exceedingly rare, was indicative of rising levels of danger for executives whose companies are often the subject of intense public controversies.
FCC warns telecoms to bolster defenses against China hackers or face fines
FCC Chairwoman Jessica Rosenworcel has drafted plans to regulate the cybersecurity of telecommunications companies as the federal government faces pressure to respond to a massive compromise of U.S. phone networks by Chinese government hackers.
Online holiday sales set record, driven by higher-income shoppers
U.S. shoppers spent an unprecedented $41.1 billion online over the five-day period from Thanksgiving through Cyber Monday this year.
Judge rejects Elon Musk’s $56B pay package despite shareholder vote
Even without the controversial compensation deal—the highest CEO pay package in history—Musk remained the world’s richest person after Monday’s decision.
Cucumbers recalled after at least 68 people fall ill with salmonella
The recall was issued after the salmonella outbreak sickened at least 68 people, including 18 who required hospitalization across multiple states. Indiana is among the states affected by the recall.
Walmart rolling back DEI commitments amid conservative backlash
The retailer has replaced the term DEI with “belonging” and no longer plans to consider race and gender when choosing suppliers—the latter a practice it adopted after the 2020 murder of George Floyd.
Trump efficiency guru Ramaswamy could benefit from crusade against FDA
Vivek Ramaswamy owns about $670 million in shares of Roivant Sciences, which is pursuing studies for three drugs that could land before the FDA during Donald Trump’s second term.
Trump, GOP eye new limits on Consumer Financial Protection Bureau
Aides on Trump’s transition team have started considering candidates to lead the CFPB who are expected to ease its oversight of banks, lenders and tech giants.
FTC is preparing to investigate Microsoft’s cloud business
The Federal Trade Commission is preparing to send a demand for documents and other records to Microsoft as it investigates alleged alleged anticompetitive practices, according to a person familiar with the investigation.
Caitlin Clark commands all attention, even in LPGA Tour pro-am
Clark played 18 holes Wednesday in what was by all accounts the most watched pro-am round in LPGA Tour history.
FTC antitrust case against Meta can move to trial, court rules
The Federal Trade Commission lawsuit accusing Facebook owner Meta of holding an illegal monopoly over social media.
Right before the election, inflation rose to 2.6 percent annual rate
The bulk of October’s monthly increase was driven by a rise in shelter costs, which were up 0.4 percent last month and grew by 4.9 percent annually.
Trump taps Musk, Ramaswamy to oversee ‘drastic’ changes to U.S. government
The Department of Government Efficiency, led by Elon Musk and Vivek Ramaswamy, will provide recommendations to slash regulations, cut staff and overhaul federal operations.