Trump Admin Targets Medicare Fraud After 7,100% Surge In Transplant Claims Via American Greatness, The Trump administration says it has uncovered a dramatic increase in Medicare claims for tissue and organ transplants, resulting in a broad crackdown on suspected fraud that officials say has already blocked hundreds of millions of dollars in questionable payments. Administration officials said Medi...
Trump Admin Targets Medicare Fraud After 7,100% Surge In Transplant Claims Via American Greatness, The Trump administration says it has uncovered a dramatic increase in Medicare claims for tissue and organ transplants, resulting in a broad crackdown on suspected fraud that officials say has already blocked hundreds of millions of dollars in questionable payments. Administration officials said Medicare claims for tissue and organ transplants, known as allografts, climbed from $200 million in 2019 to $14.4 billion in 2025—a 7,100 percent increase. The surge led the White House Anti-Fraud Task Force, headed by Vice President JD Vance, and the Centers for Medicare and Medicaid Services to intensify their review of claims. Since March, the agency has denied 96 percent of allograft claims identified during the review. CMS Administrator Mehmet Oz said the agency identified 4,200 potentially fraudulent allograft claims totaling $224 million through May. “That’s a lot of money,” Oz said during a Wednesday news conference in Milwaukee. “And that bankrupts not just hospital systems and physician groups, but it causes major problems across the entire landscape.” The agency also announced enforcement actions involving Durable Medical Equipment (DME) including wheelchairs, walkers, hospital beds and other medical equipment. According to CMS, payments have been suspended to 102 suppliers, while billing privileges have been revoked for another 725 suppliers. The agency said those suppliers accounted for 8.6 percent of all Medicare-funded DME in 2025. CMS officials reported they identified suspected fraud involving claims for equipment that was not medically necessary or ordered, equipment that was more expensive than prescribed, and equipment that was never delivered. “In just six months, the task force has effectively wiped out Durable Medical Equipment fraud in America,” a spokesperson for Vance’s office said. “After the vice president and Dr. Oz announced a moratorium on new DME...
The roller-coaster ride of Space Exploration Technologies (NASDAQ: SPCX) is in a valley -- and it probably won't be the last of them. Less than a month after its record-setting initial public offering, SpaceX has repeatedly traded this week at levels below the $150 share price at which it opened its first trading day. As of Wednesday's close, Elon Musk's company was no longer a member of the $2 tr...
The roller-coaster ride of Space Exploration Technologies (NASDAQ: SPCX) is in a valley -- and it probably won't be the last of them. Less than a month after its record-setting initial public offering, SpaceX has repeatedly traded this week at levels below the $150 share price at which it opened its first trading day. As of Wednesday's close, Elon Musk's company was no longer a member of the $2 trillion club, as its market cap had fallen to $1.97 trillion. It edged back in (barely) on Thursday, but its hold on membership is looking tenuous at best. Investors who bought in during those first heady days when SpaceX stock surged to a peak above $225 have to be disappointed, but they shouldn't be surprised. IPO stocks are notoriously fickle, and many tend to fall after the FOMO surge fades. Expect the volatility to continue as SpaceX is added to index funds (a tailwind), lockup periods expire (a headwind), and the company starts reporting quarterly earnings. There are now just six companies with market caps that are comfortably above $2 trillion, and I think all of them are safer investments than SpaceX stock. But the best buy among them, in my view, has to be Amazon (NASDAQ: AMZN) . Continue reading
Fresh concerns are emerging in the cryptocurrency market after MicroStrategy ( MSTR ) revealed in its July 6 Form 8-K filing that its recent Bitcoin ( BTC-USD ) sale did not come from its $1.25B Bitcoin Monetization Program. According to the filing, the company sold 3.588K BTC between June 29 and July 5, with $135M of the proceeds used to fund preferred stock dividends and replenish its USD reserv...
Fresh concerns are emerging in the cryptocurrency market after MicroStrategy ( MSTR ) revealed in its July 6 Form 8-K filing that its recent Bitcoin ( BTC-USD ) sale did not come from its $1.25B Bitcoin Monetization Program. According to the filing, the company sold 3.588K BTC between June 29 and July 5, with $135M of the proceeds used to fund preferred stock dividends and replenish its USD reserve, while the full monetization capacity remains available. However, the filing did not provide further details on the decision, but it has drawn fresh attention from crypto analysts, including Crypto Rover , as the market evaluates why Strategy used direct Bitcoin sales for funding needs instead of its existing selling plan. Strategy's BTC holdings declined to 843.775K after the sale, while its average purchase price stood at $75.476K per BTC. Since the sale, Bitcoin has shown limited movement, trading mostly between $61K and $64K, suggesting the transaction has not significantly changed the broader trend. Meanwhile, reported Bitcoin selling by BlackRock ( BLK ) clients worth $59.16M and a 951.537 BTC transfer worth ~$59.79M to Coinbase have added to near-term market caution. The focus has shifted to whether the sale was only for dividend support or signals a broader change in Strategy’s Bitcoin approach. More on Strategy Strategy: A Good Pivot To Get Through The Bitcoin Winter Strategy: It's Always Darkest Before Dawn Strategy: Michael Saylor Blinked, And The Bitcoin Story Just Got More Complicated Bitcoin steadies as ETF inflows absorb Strategy selling, Bitfinex says Distressed debt funds weigh swapping Strategy holdings - report
A number of stocks jumped in the afternoon session after semiconductor stocks rebounded amid dip buying following a recent selloff, as reports revealed that China may ease restrictions on advanced Nvidia AI chip imports.
A number of stocks jumped in the afternoon session after semiconductor stocks rebounded amid dip buying following a recent selloff, as reports revealed that China may ease restrictions on advanced Nvidia AI chip imports.
August WTI crude oil (CLQ26 ) on Thursday closed down -1.44 (-1.96%), and August RBOB gasoline (RBQ26 ) closed down -0.0647 (-2.00%). Crude oil and gasoline prices gave up an early advance on Thursday and fell sharply on speculation the escalation of hostilities between the US and Iran will be...
August WTI crude oil (CLQ26 ) on Thursday closed down -1.44 (-1.96%), and August RBOB gasoline (RBQ26 ) closed down -0.0647 (-2.00%). Crude oil and gasoline prices gave up an early advance on Thursday and fell sharply on speculation the escalation of hostilities between the US and Iran will be...
August Nymex natural gas (NGQ26 ) on Thursday closed down -0.200 (-6.23%). Nat-gas prices tumbled to a 1.5-month low on Thursday and settled sharply lower. Above-average weekly US nat-gas storage levels undercut prices. The EIA reported on Thursday that weekly EIA nat-gas inventories rose by +61 bcf for the week...
August Nymex natural gas (NGQ26 ) on Thursday closed down -0.200 (-6.23%). Nat-gas prices tumbled to a 1.5-month low on Thursday and settled sharply lower. Above-average weekly US nat-gas storage levels undercut prices. The EIA reported on Thursday that weekly EIA nat-gas inventories rose by +61 bcf for the week...
A patch Microsoft released on Wednesday to fix a zero-day vulnerability in its Defender security engine may cause Windows machines to write files large enough to completely consume available disk space, the researcher who discovered the flaw said. RoguePlanet, tracked as CVE-2026-50656, came to public notice in June when NightmareEclipse, the pseudonymous name used by a researcher, disclosed it al...
A patch Microsoft released on Wednesday to fix a zero-day vulnerability in its Defender security engine may cause Windows machines to write files large enough to completely consume available disk space, the researcher who discovered the flaw said. RoguePlanet, tracked as CVE-2026-50656, came to public notice in June when NightmareEclipse, the pseudonymous name used by a researcher, disclosed it along with code for exploiting it. The vulnerability allows remote attackers to gain administrative control of Windows 10 and Windows 11 machines, even when real-time protection has been disabled. Over the past few months, the anonymous researcher has published a handful of other zero-days that have sent Microsoft scrambling to develop patches. Writing files of unlimited size Microsoft said Wednesday that it patched RoguePlanet with an update to the Microsoft Malware Protection Engine, which is used by the Defender antivirus app. The fix will automatically be downloaded and installed without users having to take any action. Wednesday’s update also includes “defense-in-depth updates to help improve security-related features.” Read full article Comments
georgeclerk/iStock Unreleased via Getty Images Shares of UPS ( UPS ) and FedEx ( FDX ) surrendered gains and slipped into the red after a report from Supply Chain Drive said Amazon Shipping ( AMZN ) is targeting their customers with aggressive pricing and waived surcharges. Citing industry experts, Amazon Shipping’s ( AMZN ) ambitions to capture more of the corporate shipping market have the compa...
georgeclerk/iStock Unreleased via Getty Images Shares of UPS ( UPS ) and FedEx ( FDX ) surrendered gains and slipped into the red after a report from Supply Chain Drive said Amazon Shipping ( AMZN ) is targeting their customers with aggressive pricing and waived surcharges. Citing industry experts, Amazon Shipping’s ( AMZN ) ambitions to capture more of the corporate shipping market have the company wooing prospective customers with lower shipping rates, less complex pricing, and no surcharges on residential deliveries with savings of as much as 30% over FedEx ( FDX ) and UPS ( UPS ). “The momentum tells us businesses see the value it already offers, and we’re just getting started,” Jeff Helbling, VP of Business and Go-to-Market at Amazon Supply Chain Services, said in an emailed statement to Supply Chain Dive. In the past, Amazon Shipping ( AMZN ) went after customers with smaller packages largely delivered to metro destinations. The company eventually offered its shipping network to non-Amazon sellers eager to find alternatives to competitors’ high prices. By leveraging its huge fleet of trucks and delivery vans, Amazon ( AMZN ) had the infrastructure to offer shipping services beyond their own marketplace. Expanding further along the supply chain to offer end-to-end, multimodal logistics services, the company launched Amazon Supply Chain Services (ASCS) in May, offering freight services through the company’s fleet of tractor-trailer trucks, intermodal containers, and aircraft; distribution and fulfillment services; and parcel shipping to businesses of all types and sizes. “Supply chain wasn’t just a function at Amazon—it was core to providing an exceptional shopping experience. Our differentiator. The reason we could offer fast, dependable delivery that nobody else could. And with the launch of ASCS, we’re confident we can give any other business access to the same cost efficiency, reliability, and speed that we’ve built for Amazon customers,” Amazon’s VP of Supp...
Key PointsiShares Silver Trust provides direct exposure to physical bullion, whereas Sprott Gold Miners ETF holds shares of companies that mine the metal
Key PointsiShares Silver Trust provides direct exposure to physical bullion, whereas Sprott Gold Miners ETF holds shares of companies that mine the metal
watch now VIDEO 2:30 02:30 Trump: “We're never going to see Iran have a nuclear weapon” Squawk Box Europe For 48 hours in Ankara, Turkey, it felt as though the world was moving on Donald Trump's timetable . Markets lurched. NATO allies braced for confrontation. Ukraine searched for reassurance. Iran threatened to upend the agenda. One moment, leaders were preparing for diplomatic crisis; the next,...
watch now VIDEO 2:30 02:30 Trump: “We're never going to see Iran have a nuclear weapon” Squawk Box Europe For 48 hours in Ankara, Turkey, it felt as though the world was moving on Donald Trump's timetable . Markets lurched. NATO allies braced for confrontation. Ukraine searched for reassurance. Iran threatened to upend the agenda. One moment, leaders were preparing for diplomatic crisis; the next, they were describing a "love-in" with the very president many had feared would leave the alliance more divided than ever. I've covered hundreds of major international events over my 25 years at CNBC — G7, G8 and G20 summits, OPEC meetings, climate conferences and multiple trips to Ukraine. But I've never witnessed such dramatic reversals of fortune, affecting so many global players, compressed into just 48 hours. The NATO Summit wasn't simply another diplomatic gathering. It became a real-time demonstration of how quickly the geopolitical landscape can shift when President Trump is at the center of it. While major summits involving the U.S. inevitably revolve around Washington, this one felt different. It revolved not just around one country, but also around one individual. Think about everything that was in play. Iran. Russia's war in Ukraine. Greenland. European security. Spain's refusal to meet NATO's military spending targets. President Volodymyr Zelenskyy 's uncertain standing with Washington. Every major issue seemed to converge on one summit — and every one of them ultimately revolved around the U.S. president. To recount, every European NATO member — plus Canada — was effectively on trial coming into this gathering. Trump and Defense Secretary Pete Hegseth had again been aggressively criticizing NATO for its lack of support over Iran and for failing to spend anywhere near enough money on its own security. watch now VIDEO 1:26 01:26 Denmark will defend Greenland, says Prime Minister Mette Frederiksen Europe Early Edition In addition, the president took aim at Denmar...
Palantir Technologies stock performance analyzed amid Rackspace AI partnership Fox Business Palantir Stock’s 25% Rally Hits the Brakes as Shares Close Lower Barron's Why Palantir Stock Plunged 34% in the First Half of 2026 and Why the Worst Might Be Over Yahoo Finance
Palantir Technologies stock performance analyzed amid Rackspace AI partnership Fox Business Palantir Stock’s 25% Rally Hits the Brakes as Shares Close Lower Barron's Why Palantir Stock Plunged 34% in the First Half of 2026 and Why the Worst Might Be Over Yahoo Finance
Shares of coffeehouse chain Starbucks (NASDAQ:SBUX) jumped 3.1% in the afternoon session after reports revealed it is developing in-house artificial intelligence (AI) tools to cut costs and reduce its reliance on software from vendors like Microsoft and IBM.
Shares of coffeehouse chain Starbucks (NASDAQ:SBUX) jumped 3.1% in the afternoon session after reports revealed it is developing in-house artificial intelligence (AI) tools to cut costs and reduce its reliance on software from vendors like Microsoft and IBM.
Rescuers evacuate teachers, students and nearby residents trapped by floodwaters brought by Typhoon Maysak at a school campus in Guigang, Guangxi, on July 8. Photo: VCG The death toll from severe flooding and a reservoir collapse in southern China's Guangxi region has climbed to 39, with nine people still missing. The disaster highlights the vulnerability of the region's rural infrastructure to ex...
Rescuers evacuate teachers, students and nearby residents trapped by floodwaters brought by Typhoon Maysak at a school campus in Guigang, Guangxi, on July 8. Photo: VCG The death toll from severe flooding and a reservoir collapse in southern China's Guangxi region has climbed to 39, with nine people still missing. The disaster highlights the vulnerability of the region's rural infrastructure to extreme weather while unleashing unusual secondary hazards, including displaced venomous snakes and escaped zoo animals. The Liulan Reservoir breach in the regional capital of Nanning accounted for the majority of the fatalities, claiming 26 lives, Vice Mayor Ding Wei told a Thursday press briefing. Authorities cautioned that the number of dead and missing could overlap as victim identification continues.