Author: potus

The logo for the U.S. tech firm Block is displayed and reflected in numerous digital screens in London, England, on March 3, 2023.Leon Neal | Getty ImagesBlock shares jumped 7% on Monday after S&P Global said the company will join the S&P 500, replacing Hess, which was acquired by Chevron for $54 billion.The stock rose following the announcement late Friday as investors sought to get in ahead of index fund managers, who will need to buy shares to mimic the changes. Square’s $48 billion market cap at Monday’s close places it well above the median S&P 500 constituent, though shares…

(The Center Square) – In the latest move by the Trump administration to root out government waste, the Centers for Medicare and Medicaid plan to remove duplicative health insurance coverage from 2.8 million Americans improperly enrolled in taxpayer-funded healthcare plans.CMS analyzed Medicaid enrollment data from 2024 and found that each month, roughly 1.2 million individuals were enrolled in Medicaid or CHIP in multiple states while roughly 1.6 million people were enrolled in one of those programs as well as a subsidized Affordable Care Act (ACA) Exchange plan. The erroneous enrollments have cost the federal government and taxpayers approximately $14 billion per…

(The Center Square) – The Department of Health and Human Services plans to overhaul an organ transplant system after an investigation found what federal officials called “disturbing practices.”HHS Secretary Robert F. Kennedy, Jr. announced an initiative Monday begin reforming the organ transplant system following an investigation by its Health Resources and Services Administration.”Our findings show that hospitals allowed the organ procurement process to begin when patients showed signs of life, and this is horrifying,” Kennedy said in a statement. “The organ procurement organizations that coordinate access to transplants will be held accountable. The entire system must be fixed to ensure that…

WASHINGTON (AP) — President Donald Trump’s tax and spending law will add $3.4 trillion to federal deficits through 2034, the Congressional Budget Office reported Monday, a slight increase in the projection that takes into account the final tweaks that Republicans made before getting the legislation over the finish line.More than 10 million people will be uninsured under the law in 2034 because of the law, CBO found, an improvement from an earlier projection that found 11.8 million people losing coverage over the decade. The release of the CBO analysis Monday comes at the end of a grueling legislative fight, but…

(The Center Square) – Doctors on Monday urged the U.S. Food and Drug Administration to issue warnings to pregnant women against the use of certain medications to treat depression, obsessive compulsive disorder and anxiety.In a panel discussion Monday, doctors across the medical field and officials at the FDA said women taking selective serotonin reuptake inhibitors to treat illnesses like depression can negatively impact the development of a child in the womb.“SSRIs may be unique because serotonin may have an interaction with the physiology of a woman and a woman who is pregnant,” said FDA director Commissioner Marty Makary. “Serotonin may…

Chris Martin of Coldplay performs live at San Siro Stadium, Milan, Italy, in July 2017.Mairo Cinquetti | NurPhoto | Getty ImagesAstronomer’s interim CEO said in his first public comment since unexpectedly taking over the role on Saturday that he hopes to move the tech startup past the viral moment that captured national attention last week.Pete DeJoy was appointed to the top job due to the resignation of CEO Andy Byron, days after he was caught on video in an intimate moment with the company’s head of human resources at a Coldplay concert. Astronomer said over the weekend that it would begin…

Dylan Field, co-founder and CEO of Figma Inc., after the morning sessions at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 11, 2024.David Paul Morris | Bloomberg | Getty ImagesDesign software company Figma on Monday published an updated prospectus for its initial public offering.The company said it expects to sell about 37 million shares at $25 to $28 each. That would generate as much as $1 billion in proceeds, between the company and selling shareholders.The IPO could value Figma, led by co-founder Dylan Field, a fully diluted valuation of $14.6 billion to $16.4 billion.…

Recent shifts in U.S. President Donald Trump’s foreign and national security policy herald a more vigorous use of Washington’s military power and deeper engagement in the world. From the missile attacks on Yemen’s Houthis and the bombing of Iran’s nuclear production facilities to successful U.S. pressure on European NATO allies to prepare for the Russian military threat and this week’s decision to provide Kyiv with additional weapons—all this and more signal Trump’s increasing willingness to shape the global arena. This is a far cry from the inward-looking tone of Trump’s presidential campaign, during which foreign affairs took a back seat…

(The Center Square) – A new report says BlackRock, the world’s largest investment firm, is still acting against fossil fuel companies in violation of Texas law, even though the company was recently removed from the state’s boycott list.Texas passed a law in 2021 called Senate Bill 13. It’s aimed at preventing financial companies from punishing or limiting business with fossil fuel producers if the reasons go beyond what federal or state law requires. The goal is to protect Texas energy jobs and companies from pressure tied to environmental activism.Companies on the list are barred from doing business with the Texas…

A Microsoft store in New York, US, on Friday, Oct. 25, 2024.  Jeenah Moon | Bloomberg | Getty ImagesMicrosoft has warned of “active attacks” targeting its SharePoint collaboration software, with security researchers noting that organizations worldwide stand to be affected by the breach.The Cybersecurity and Infrastructure Security Agency said Sunday in a release that the vulnerability provides unauthenticated access to systems and full access to SharePoint content, enabling bad actors to execute code over the network.CISA said that while the scope and impact of the attack continue to be assessed, the agency warned that it “poses a risk to organizations.”Microsoft…