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."
