Bloomberg Business

Private Medicare Insurers Blasted by Warren for Driving Up Costs

Big insurers who manage private Medicare plans are driving up seniors’ health costs, US Senator Elizabeth Warren said, urging the Biden administration to finalize new rules that would rein in how much the program pays companies.

Cemex, Vulcan Reach Temporary Pact for Use of Seized Terminal

Cemex SAB reached a temporary deal to use Vulcan Materials Co.’s port facilities at Punta Venado in Playa del Carmen, Mexico, potentially defusing a legal battle that recently became a flashpoint for US-Mexico relations.

Pence Ordered to Testify to Trump Special Counsel Grand Jury

A federal judge ordered former Vice President Mike Pence to testify before a grand jury investigating Donald Trump and his allies’ efforts to overturn the 2020 election, according to a person familiar with the matter.

SVB Management and Banking Rules Put on Trial at Senate Hearing

The fallout of Silicon Valley Bank’s failure rumbled through Washington on Tuesday, with lawmakers from both parties demanding that the Federal Reserve explain why it didn’t use powers it had and some Democrats calling for tighter financial rules.

Mystery Over Abandoned Yacht Grows as Russian Tycoon Denies Link

The mystery surrounding who owns an abandoned 267-foot superyacht docked in Antigua and Barbuda deepened after lawyers for Russian billionaire Andrey Guryev said their client doesn’t own the vessel, and the government pushed ahead with plans to auction it off.

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