House Democrats clash over Biden budget amid infrastructure standstill
House leaders struggle to push Biden's 3.5 trillion budget while moderates demand first passing the 1 trillion bipartisan infrastructure package. Pelosi urges avoiding a delay, citing a chance to deliver for Americans as centrists and progressives seek a path forward.
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White House
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D-Fla
Blue Dog
Orlando Sentinel
Purdue Pharma lawyer urges plan to settle opioid suits
A Purdue Pharma lawyer told U.S. Bankruptcy Judge Robert Crain that accepting the company’s reorganization plan could end years of costly litigation and avoid unfair settlements. The plan would shield Sackler family members from future lawsuits while contributing about 4.5 billion dollars. States and localities largely support the plan. a coalition including nine states and other authorities object.
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Purdue Pharma
Marshall Huebner
Purdue
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Robert Crain
District of Columbia
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Sackler
Huebner
Senators question FDA on work with opioid maker consultant
Democrat Maggie Hassan and Republican Chuck Grassley press the FDA over conflicts of interest in its work with McKinsey & Co. The letter notes the agency paid McKinsey over 140 million dollars since 2008 while the firm also served opioid industry clients. The FDA will respond, amid McKinsey settlements with states and territories over opioid sales.
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Iowa
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Markets rally as Nasdaq hits new high and S&P nears record
U S stock gains push Nasdaq to an all time high while the S&P 500 closes near its peak and gains 0.9 percent. Energy shares rise with crude up 5.3 percent and Pfizer jumps 2.5 percent after FDA full approval of its vaccine. BioNTech and Moderna surge on the news.
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Wells Fargo Investment Institute
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July U.S. existing home sales rise 2 percent
Existing home sales rose 2 percent in July to a seasonally adjusted annual rate of 5.99 million, beating expectations of 5.82 million. The median price climbed 17.8 percent from a year earlier to 359,900 dollars as inventories ticked higher and the market cools slightly from the year’s pace.
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National Association of Realtors
NAR
AmrenBalAm
FdmillinvsAm
Grfamrca m
Incamrca m
Inccamrca m
NwPrspctvAm
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Dodge & Cox Inc
Dodge & Cox
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Schwab Sp500idx
Rowe Price Bcgr
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Vanguard WislylhcAdmil
Doe
SEC
The
Associated Press
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