Moderna’s cancer-vaccine breakthrough drives broad biopharma stock rally
The biopharmaceutical sector has struggled with a prolonged downturn in recent years but has been on an upswing of late.
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SEC Enforcement Deputy Director to Leave Agency
Sam Waldon The Securities and Exchange Commission announced Wednesday that Sam Waldon, principal deputy director of its Division of Enforcement, will leave the agency after serving more than 14 years. Osman Nawaz, who will succeed Waldon as principal deputy director, rejoined the SEC in June, after previously serving with the agency from 2010 to 2024….
US July deficit hits pass US$400 billion, topping every July on record
For scale, Canada’s entire federal deficit came to $36.3bn in the fiscal year ended March 31, 2025, an improvement from $61.9bn a year earlier, the Department of Finance Canada reported in its annual financial report. Washington’s shortfall for the single month of July ran more than 10 times Ottawa’s full-year gap. Calendar timing inflated the American number. …
19 Charged in $4M Pennsylvania Home Health Care Fraud Schemes
Nineteen people have been charged in connection with alleged schemes that fraudulently billed Pennsylvania’s Medicaid program more than $4 million for home health care services, federal and state authorities announced Aug. 4. The defendants, including home care company owners, home health aides and Medicaid recipients, were charged with health care fraud and other related offenses,…
NYC Is Trying to Stop ‘Subscription Traps’: What Are Those, and Are Other Places Next?
The processing fee that almost doubles your concert ticket or the subscription you have to jump through endless hoops to cancel — these aren’t accidents. They’re tactics designed to drain your wallet. Thankfully, the tide is finally turning. New York City Mayor Zohran Mamdani recently announced a proposed major crackdown on these practices. New rules…
Personalizing Lifespan Assumptions For More Accurate Social Security And Retirement Withdrawal Recommendations
There’s a long-standing aphorism amongst financial planners about the difficulty in doing retirement planning: if the client could just tell me the precise date they will die, I’d make them the perfect retirement plan. Yet the reality is that no one knows when they are going to pass away; while life insurance companies may be…
Your Student Loan Payment Went Up — What Now?
As student loan borrowers across America switch off of the more affordable Saving on a Valuable Education (SAVE) repayment plan and prepare to choose a new repayment plan, they’re seeing rising monthly payments. That’s because on July 1, borrowers on the SAVE repayment plan began receiving notice that the program is no longer available. On…
