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Police block off the street in the Brooklyn borough of New York where officials say Akayed Ullah was living. Photo: Michael Noble Jr. / AP

Akayed Ullah, the 27-year-old Bangladeshi immigrant arrested for detonating a pipe bomb in New York City Monday, has been charged with criminal possession of a weapon, supporting an act of terrorism, and making terrorist threats, police said Tuesday.

John Miller, NYPD's deputy commissioner of intelligence and counterterrorism, told CBS This Morning that Ullah, who told authorities that he carried out the attack in retaliation to the U.S. airstrikes on ISIS in Syria and elsewhere and chose the Christmas season for the greatest possible impact, is similar to terror suspects from around the world: "[S]omebody who turns up one day out of the blue."

Details of the investigation:

  • James Waters, chief of counterterrorism for the NYPD, told NY1 Tuesday that police executed a number of search warrants overnight on the homes where authorities believe Ullah lived. Police have also questioned several of his relatives.
  • Waters said that authorities found bomb-making parts in one of the homes where Ullah lives, and that the parts were consistent with what was found on his body during the attack. So far, Waters said Ullah appears to have acted alone.

Statement from his family, provided by the NY chapter of the Council on American-Islamic Relations: "We are heartbroken by this attack on our city today and by the allegations being made against a member of our family. Our family like all families is committed to the safety and wellbeing of all New Yorkers."

Go deeper

Justice Department asks Supreme Court to block Texas abortion ban

Abortion rights activists rally at the Texas State Capitol on Sept. 11, 2021, in Austin, Texas. Photo: Jordan Vonderhaar/Getty Images

The Justice Department on Monday asked the Supreme Court to temporarily block Texas' near-total ban on abortions while federal courts consider its constitutionality.

The big picture: The court last month allowed the ban to take effect, rejecting an emergency application by abortion-rights groups. The law bars the procedure after cardiac activity is detected, as early as six weeks into pregnancy.

Updated 1 hour ago - Health

This arthritis drug cost $198 in 2008. Now it's more than $10,000

Illustration: Aïda Amer/Axios

In 2008, a box of 30 anti-inflammatory rectal suppositories that treats arthritis, called Indocin, had a price tag of $198. As of Oct. 1, the price of that same box was 52 times higher, totaling $10,350.

Why it matters: As federal lawmakers continue to waver on drug price reforms, Indocin is another example of how nothing prevents drug companies from hiking prices at will and selling them within a broken supply chain.

Fintech's record year

Illustration: Annelise Capossela/Axios

Massive venture rounds into fintech companies have ballooned this year, pushing up total dollars invested — in just the first three quarters of 2021 — to nearly double the amount in all of 2020, per new PitchBook data.

Why it matters: The maturing of fintech startups means a growing number of companies are able to raise huge later-stage funding rounds as investors look to lock-in their bets.