The Fed Is Behind The Credit Card Merger
If Capital One is allowed to acquire Discover, it’ll gain access to a government loophole allowing it to raise prices and reduce competition.
National Politics
Sirota’s Signals: It’s The Cost Of Money, Stupid
Plus, the lost Richard Lewis interview, a huge sale in D.C., a long-forgotten anniversary, and the unfortunate return of Arthur Laffer.
The Koch Network Is Killing Rail Safety
The billionaire-backed Koch network is leading efforts to stonewall the bipartisan Railway Safety Act.
Elon Musk Flees To Billionaires’ New Court
Burned by legal decisions, Elon Musk is relocating his rocket company to Texas — where he’ll enjoy a new, separate justice system controlled by his ally, Gov. Greg Abbott.
YOU LOVE TO SEE IT: Mega-Merger (Potentially) Blocked On Aisle Five
Plus, consumers could be protected from insurer meltdowns, dueling communities reach rare agreement over water rights, and rural America scores access to clean water.
Americans Paid $11 Billion To Make Drugs You Can’t Afford
A bombshell report reveals that taxpayers spent billions developing medicines that drugmakers say shouldn’t face Medicare price negotiations.
Sirota’s Signals: Yes, $13,000 Per Hour
Plus, the truth about your credit cards, the scourge of our distraction economy, Honest Abe’s dying wish, banning your right to cold beer, and much more.
Wall Street Wants To Keep Your Drug Prices High
The government is finally attempting to regulate overpriced drugs, but venture capital firms don’t want to lose their lucrative hold on life-saving pharmaceuticals.
SCOTUS Is Considering A Deregulation Bomb
A new Supreme Court case could be a death blow to federal protections that have been in place for decades.
YOU LOVE TO SEE IT: People With Disabilities Score Equal Pay
Plus, funding arrives for cleaner energy technologies, insurers’ care-denial bots are put on notice, and regulators tackle an airborne killer.