Money, Wealth & Power—A Daily Look at the Financial World
The White House added nine more pharmaceutical manufacturers to its most-favored-nation pricing program on Monday, and the running total is the part worth reading. Twenty-six companies have now signed, and the administration says they account for 89% of the branded drug market in the United States. A year ago the number was zero. The instrument…
A charter jet carrying deported Haitian nationals touched down in Cap-Haïtien this week, the second such landing in barely a week and the clearest proof yet that the Trump administration intends to empty out a protection that had shielded hundreds of thousands of Haitians from removal. The flights are the downstream result of a Supreme…
Up to 200,000 foreigners who came to the United States as tourists or on business and then filed for asylum could soon lose their visas, under a Trump administration plan that would amount to the single largest mass visa revocation in American history. Still being finalized, the plan would strip so-called B1 and B2 visas…
A federal judge in Maryland spent Monday afternoon undoing one of the Trump administration’s clearest attempts to stop a federal construction project before it swallowed billions of taxpayer dollars. Judge Theodore Chuang, appointed to the bench by Barack Obama, ruled that the FBI and the General Services Administration acted unlawfully when they scrapped a planned…
President Donald Trump walked into the Oval Office on Monday afternoon, sat down beside Health Secretary Robert F. Kennedy Jr., and signed an executive order that takes a hard blade to the list of vaccines the federal government tells parents their children must have. The order strips the roster of shots recommended for every American…
Vice President JD Vance sat down with roughly two dozen lawmakers in the Eisenhower Executive Office Building on Wednesday and told them the federal government has found about $230 billion in suspected fraud in less than five months. Then he told them the number is conservative, that his authority to do anything about it runs…
Medicare is considering a payment change that could make a routine one-visit appointment less attractive for a doctor to handle all at once. The proposal would cut payment for the lower-priced service when a physician performs both a separately identifiable office visit and a procedure with a global period on the same day. It is…
Roth IRAs are often pitched as the go-to retirement account for young workers in lower tax brackets. But take a closer look, and you’ll see plenty of high-income earners quietly using Roths to build long-term, tax-free wealth—despite earning too much to contribute the “normal” way. It’s not just about the account itself. It’s about how…
Federal regulators have spent the past year tightening the rules around 401(k) plans, and workers who fail to keep up risk losing tens of thousands of dollars in retirement savings to penalties, taxes, and forgone investment growth. From missed contribution limits and overlooked catch-up rules to early cashouts, hidden fees, and missed tax credits, eight…
Cautious retirees often want equity income without the stomach-churning swings that can come with broad stock indexes. Low-volatility dividend ETFs aim to smooth the ride while still delivering regular cash flow. The following three funds focus on quality companies, disciplined screening and defensive sector tilts that can help Retirement investors stay invested through market stress….
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