They claim she and other commissioners are prejudiced against pharmaceutical companies. This week, the top three pharmaceutical companies in the United States requested that Lina Khan, chair of…
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Supreme Court Declines Appeal by Former Pharma Executive
The court upholds the $64 million penalty, holding the former CEO liable for price gouging and fraud. The Supreme Court declined to hear an appeal filed by former…
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HHS Adds 54 Drugs to Medicaid Drug Rebate Program
Drugs will have a lowered coinsurance rate for 822,000 enrollees. The Department of Health and Human Services (HHS) announced that 54 drugs have been added to Medicaid’s Drug…
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Federal Reserve Board Cuts Prime Rate 50 Basis Points
The central bank was motivated by the change in the employment rate, among other factors. The Federal Reserve cut interest rates by half a point on Wednesday, an…
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Labor Department Documents Mixed Inflation Cues in August Report
The department also released employment numbers, which missed projections. In its monthly inflation report released Wednesday, the Department of Labor found that the consumer price index increased 0.2…
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IRS and Treasury Department Report on Funds Recovered from Tax Evaders
The treasury secretary announces $1.3 billion recovered from wealthy tax filers and non-filers and other audits. U.S. Treasury Secretary Janet Yellen and Internal Revenue Service (IRS) Commissioner Danny…
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Administration Takes Action Against Russian Media Company and Employees
DOJ indicts two employees for conspiracy to commit money laundering and violate FARA. The Department of Justice announced indictments against two employees of the Russian state media network…
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Federal Reserve Informally Agrees on Interest Rate Cuts
Members point to an unexpected decrease in inflation rates. Federal Reserve members expressed the intent to lower interest rates at the upcoming meeting on September 17 and 18.…
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Treasury Department Allocates $100 Million to Affordable Housing
The investment is intended to address mortgage inflation caused by the housing shortage. Secretary of the Treasury Janet Yellen announced that $100 million in financing is now available…
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First Presidential Debate Takes Place in Atlanta
President Biden and former President Trump will field questions Thursday night. President Joe Biden and former President Donald Trump are participating in the first presidential debate of this…
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