Senate leaders have postponed work on the crypto industry’s long-awaited CLARITY Act until April, pivoting instead to debate the SAVE America Act, a voter ID bill backed by former President Donald Trump.
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UnitedHealth Group Incorporated UNH continues to go through a turbulent phase while navigating rising medical costs, regulatory scrutiny and shifting industry dynamics. According to the U.S. Bureau of Labor Statistics, the broader economy shed more than 92,000 jobs during the month, including roughly 28,000 positions in healthcare.
TLDR The CFTC issued a staff advisory and started a formal rulemaking process for prediction market oversight on Thursday CFTC Chair Mike Selig, the agency’s sole commissioner, says the CFTC has exclusive jurisdiction over prediction markets Platforms like Kalshi, Polymarket, and Coinbase now have initial guidelines for U.S. operations An Ohio judge recently ruled against […]…
Two developments this week capture how the world of decentralized finance and cryptocurrency is winning in its efforts to challenge traditional banks. Driving the news: On Wednesday morning, Kraken Financial, a cryptocurrency-focused bank in Wyoming, announced it has been granted a limited master account from the Federal Reserve. It’s a win for the crypto sector after years of…
Kalshi, one of the world’s largest prediction market companies, struck a deal with the Associated Press to license its elections data starting with the 2026 midterms. Why it matters: As the popularity of betting booms in the U.S., prediction markets are trying to distinguish themselves with partnerships that boost the credibility of information presented on their platforms. CNN and…
President Trump soothed rattled global financial markets Monday afternoon by suggesting that the conflict in Iran will be over "very soon." But the reality of a more fractured world may not dissipate quite so easily. The big picture: The geopolitical strains unleashed by the U.S. and Israeli attacks on Iran 11 days ago point to an ongoing reset in the politics and economics of the…
Data: Commonwealth Fund; Map: Kavya Beheraj/Axios Health insurance costs ate up 11% of median family income in California in 2024, according to a new analysis. Why it matters: The findings show how tough it can be to afford health care, even with insurance, for many of the estimated 167 million Americans who get coverage through an employer. The state-by-state breakdown of federal…
The Trump administration is planning something new for people shopping for Affordable Care Act coverage next year: health plans without a list of in-network doctors and hospitals. Why it matters: The "non-network" plans could inject a dose of long-sought innovation into health care pricing. But they also could expose patients to more surprise bills and further destabilize ACA…
Data: Commonwealth Fund; Map: Kavya Beheraj/Axios Health insurance costs ate up almost 9% of the median family income in Minnesota in 2024, according to a new analysis. Why it matters: The findings show how tough it can be to afford health care, even with insurance. Zoom in: The state-by-state breakdown of federal data by the Commonwealth Fund looked at how much people spent on…
A coalition backed by health insurers and employers is launching a new a new effort to showcase hospital pricing as a central driver of rising health care costs, Axios has learned. Why it matters: Health care affordability is emerging as a key election-year issue, with the Trump administration and many in Congress increasingly questioning why drug prices and insurance premiums are…
No one likes to deal with or pay for insurance, and child care providers are no exception. Under state licensing rules, early care and education programs are required to have liability insurance or disclose to parents that they are uninsured. Having a liability policy protects high-risk businesses, but expensive and hard-to-find plans are hurting an […]
What You Should Know The Funding: Malama Health, a maternal health company, has closed an oversubscribed $9.2M seed round led by Acumen America with participation from Wisdom Ventures, Capital F, and Coyote Ventures, alongside angels from the company’s pre-seed round. The Capital Stack: Uniquely, the round is not purely venture capital. It includes a $2.3M… Read More
An Alabama House committee Wednesday approved a $10.4 billion Education Trust Fund budget for fiscal year 2027 that largely reflects Gov. Kay Ivey’s proposed budget from earlier this year. The budget, about $569.7 million higher (5.7%) than the current budget, includes pay raises for teachers;and less money for a health insurance program for education employees…
Swiss National Bank cut its position in shares of Edison International (NYSE:EIX – Free Report) by 4.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,109,100 shares of the utilities provider’s stock after selling 56,300 shares during the quarter. Swiss National Bank owned…
New Jersey taxpayers spend hundreds of millions of dollars annually to cover the cost of health insurance for employees at big companies like Amazon, Walmart, and Target who are on Medicaid, a practice Gov. Mikie Sherrill said this week she wants to curtail.
Prices of the gold stood at the edge of a downward move on Thursday with increasing burden on the prices of the bullion due to the stronger U.S. dollar and with the oil prices soaring high again, there was fear of the undying inflation that would slow down the rate of inflation of Federal Reserve.…
USD/CHF climbed past 0.7800 as rising oil prices and Middle East tensions fueled expectations for the Federal Reserve to maintain high interest rates. Investors now eye upcoming U.S. GDP and PCE inflation data for the next policy catalyst.
TLDR The SEC and CFTC signed a memorandum to coordinate oversight in overlapping areas. The agreement places crypto oversight at the center of joint regulatory efforts. Both agencies will share supervisory data and hold regular staff meetings. The regulators will coordinate enforcement actions involving the same crypto firms. The memorandum aims to reduce past conflicts […] The…
An employer in Chicago describes how another year of rising premiums forced her to consider dropping her workers’ insurance. Small businesses employ tens of millions of Americans. But half of the nation’s smallest employers don’t offer health insurance to their workers. The costs are too high, many say, or their businesses are simply too small.
