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In a striking announcement, President Trump declared that the Small Business Administration (SBA) will handle the nation’s federal student loan portfolio, a shift that could carry dire consequences for millions of borrowers. This move not only raises eyebrows but also ignites debates about whether the SBA is equipped to manage such a colossal and complex
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In a deeply unsettling turn of events, a federal judge, Ellen Lipton Hollander, has halted the Trump administration’s Department of Government Efficiency (DOGE) from probing personal information at the Social Security Administration (SSA). This judicial intervention is more than just a legal maneuver; it highlights the dysfunction lurking in the heart of a system responsible
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While Jensen Huang, CEO of Nvidia, represents a powerhouse in the tech industry, his recent comments during the company’s inaugural “Quantum Day” event cast a shadow over the promising landscape of quantum computing. Huang’s intention to rectify his earlier predictions about the timeline for quantum technology may have backfired spectacularly, leaving investors and industry insiders
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In the ever-evolving landscape of the pharmaceutical industry, compounding pharmacies are at the center of contention, particularly concerning their production of copycat versions of popular medications like Eli Lilly’s Zepbound and Mounjaro. As these companies navigate the tenuous boundaries set by the FDA, a critical analysis reveals that their business practices exist in a gray
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Recent developments concerning Accenture’s financial health starkly illustrate the ripple effects of federal spending cuts on its operations. Following a troubling fiscal second-quarter earnings report, Accenture’s shares plummeted nearly 8%, a significant drop that unveils the intricate relationship between corporate fortunes and government policies. The chief executive officer, Julie Spellman Sweet, highlighted the precarious nature
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As we navigate the increasingly complex landscape of global finance, the recent predictions by DoubleLine Capital CEO Jeffrey Gundlach signal an unsettling reality for investors. Gundlach, a prominent figure in fixed income and asset management, warned that a period of heightened volatility could soon be upon us, compounded by a looming threat of recession. His
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