Managers

Trump Deep State Purge Taking Shape, Over 1,000 Federal Officials Removed in Shake-Up

Donald Trump’s efforts to dismantle the “deep state” are taking shape as reports reveal his administration has begun the process of firing and reassigning over 1,000 federal officials. The move, targeting entrenched bureaucratic structures, aligns with Trump’s commitment to reforming the federal government and ensuring accountability.

Pharmaceutical Group Marked Up Drug Prices by 1,000%

The Pharmacy Benefit Managers (PBMs) marked up the cost of some prescription drugs by 1,000%, according to a report from the Federal Trade Commission (FTC). Some of the drugs with significant price jumps included those for HIV and cancer.

District Court Finds American Airlines Prioritized Political Agenda in Employees’ Retirement Funds

A district court ruled that American Airlines did not prioritize the financial interests of its employees' retirement funds and instead focused on environmental, social, and governance (ESG) goals.

BlackRock Exits Climate Pact

Investment company BlackRock announced that it exited the United Nations-supported Net Zero Asset Managers Initiative.

Department of Justice Sues Six Largest Landlords Over Pricing Scheme

The Department of Justice (DOJ) announced Tuesday that it has filed an amended complaint in its lawsuit against RealPage, a software company, and six of the nation’s largest landlords, accusing them of engaging in anti-competitive practices through algorithmic pricing schemes that have harmed millions of renters.

Ohio Meat Company Fined Nearly $4 Million For Hiring Illegal Immigrants

Fresh Mark Incorporated, a prominent meat supplier based in Northeast Ohio, has agreed to pay a $3.7 million penalty as part of a non-prosecution agreement with the U.S. Attorney’s Office.

Judge Charges Five Individuals in Connection With Death of Former Pop Star Liam Payne

An Argentine judge has confirmed charges against five individuals in connection with the death of Liam Payne, a former member of the globally renowned boy band One Direction.

Trump Vows to Tackle Pharmacy Benefit Managers (PBMs) to Lower Drug Costs

At a recent press conference at Mar-a-Lago, President-elect Donald Trump made a bold promise to take on the powerful Pharmacy Benefit Managers (PBMs) responsible for inflating prescription drug prices in the U.S. Trump criticized PBMs, calling them a “horrible middleman” that profits by driving up drug costs without adding value. He vowed to eliminate the middleman and reduce drug prices to levels “that nobody has ever seen before.”

Republican States Sue BlackRock, Vanguard, State Street Over Manipulating Energy Market

Eleven Republican states are suing financial entities BlackRock, Vanguard, and State Street for "illegally conspiring to manipulate energy markets," Texas Attorney General Ken Paxton announced.

Conservative Asset Managers Demand End of DEI

Nearly 60 conservative asset managers, state treasurers, and nonprofit organizations issued an open letter to more than 1,000 U.S. CEOs, demanding that they disclose their diversity, equity, and inclusion (DEI) policies.

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