Why it matters: Two previous attempts to place a specially created subsidiary into Chapter 11 protection failed after courts ruled the parent company wasn't broke and therefore couldn't use bankruptcy to its advantage.
Why it matters: Abortion has been a winning issue for Democrats since Roe v. Wade was overturned in 2022, with abortion rights scoring large victories at the ballot in red states like Ohio and Kansas. Harris, the Biden administration's point person on the issue, has made it a defining topic of her campaign.
The Federal Trade Commission on Friday said it sued the three largest prescription drug middlemen, accusing them of illegally inflating the price of insulin and driving up costs to diabetes patients.
Why it matters: The move follows the FTC's July report on pharmacy benefit managers, which outlined a system in which industry consolidation allows the middlemen to manipulate markets at the expense of patients.
New York Magazine Washington correspondent Olivia Nuzzi is on leave after an alleged "romantic" relationship with former independent presidential candidate Robert F. Kennedy, Oliver Darcy's Status newsletter reported on Thursday.
The big picture: The magazine said in an online statement that Nuzzi "acknowledged" to editors "that she had engaged in a personal relationship with a former subject relevant to the 2024 campaign while she was reporting on the campaign, a violation of the magazine's standards around conflicts of interest and disclosures."
The United States has one of the most inefficient health care systems among high-income countries, according to a new report from the Commonwealth Fund.
Why it matters: Administrative hurdles like requirements that insurers sign off on care before it's delivered cause frustrations and care delays for U.S. patients in a health care system that produces worse health outcomes than its peer countries.
The fragility of the infant formula market is being tested again — this time by legal fights over safety labeling.
The big picture: Two and a half years after supply chain issues and a recall led to a nationwide formula shortage, the only two manufacturers of premature infant formula are threatening to exit amid a flurry of lawsuits from families whose infants got sick or died after taking one of these formulas.
Fatal drug overdoses, which fell in the U.S. last year for the first time since before the pandemic, are continuing to decline, according to preliminary CDC data.
Why it matters: Overdoses kill more than 100,000 people a year, but the number appears to be dropping rapidly.
