(Bloomberg Opinion) — The annual report of the Social Security board of trustees, issued last month, has prompted Congress to return to one of its favorite pastimes: creating bipartisan Social Security commissions. More precisely, there are currently at least two bills in Congress to empower a commission to come up with a proposal to “save” […]
A visitor walks next to the logo of the Indian multinational pharmaceutical company Dr. Reddy’s Laboratories during the Bio Asia 2026 summit in Hyderabad, Telangana, India, on February 18, 2026. (Photo by Jwala Kotesh/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images U.S. President Donald Trump’s proposed tariffs on generic drugs will increase the […]
There’s a new leader atop J.D. Power’s 2026 mortgage servicer satisfaction rankings: Chase, which gained 44 points year over year to narrowly edge out 2025’s winner, Rocket Mortgage. Chase received a score of 694 on the consumer intelligence company’s 1,000-point scale. Rocket’s 690 score placed second, representing a five-point gain from last year’s survey. Rounding […]
Mayor Zohran Mamdani describes new CEO Anthony Shorris and Chair Lina Khan as a “dream team” atop the EDC, but they are also an odd pairing. A mild-mannered McKinsey & Co. partner and firebrand ex-Federal Trade Commission chair aren’t the typical duo to hold the reins of the city’s most powerful business agency and its […]
Beware of statistics, especially from interest groups pursuing an agenda. Construction unions, for example. They’re advancing a narrative that if you want a job done safely, it has to be done by them. Unions have been saying this for decades, but it’s amplified when a high-profile story like buckled columns at the former Pfizer building […]
New York City apartment developers are building fewer studio apartments as they seek to make an unpopular housing incentive work for their projects. Bisnow/Ciara Long Phipps Houses’ Kelly Biscuso, Stantec’s Daniel Cohen, Fogarty Finger’s Harshad Pillai, Fairstead’s Seth Hoffman, New York City Housing Partnership’s Jamie Smarr and Adler & Stachenfeld’s Alvin Schein onstage at Bisnow’s […]
ICYMI – Iran rejects Trump ceasefire offer carried by Iraqi PM, NYT reports !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
Alphabet (GOOG -6.88%)(GOOGL -7.13%) gave investors plenty to debate in its second-quarter report this week, from 24% revenue growth to another big increase in its capital spending plans. But I’d argue the most remarkable number sat in the company’s quarterly filing with the Securities and Exchange Commission. Alphabet’s stake in rocket maker SpaceX (SPCX +2.58%) […]
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The European Commission has penalized global tech firm Google [Alphabet] (NASDAQ:GOOG) under the Digital Markets Act (DMA) for the transgression of allegedly preferencing its own services on search over competitors. Google has been fined €890 million (over $1 billion). The EU claims that Google obfuscated alternative or potentially cheaper services from users. Google was previously […]