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Enhabit’s stock soars as home health firm gets buyout offer worth $1.1 billion
The Dallas-based company is part of a growing demand story for home-based health care.
The James Webb telescope is watching one of the earliest supernovas in the universe unfold
Astronomers using the James Webb Space Telescope may have discovered a supernova erupting just 1.1 billion years after the Big Bang.
Nonprofit health system raked in $1.1 billion this year from stake in medical billing firm
Private equity firms have taken a strong interest in revenue cycle management firms, such as Ensemble.
Brownsville Projects Carry $41.1 Billion in Estimated Investment
Four Cameron County projects carry a combined estimated investment of $41.1 billion, according to a county-branded graphic Dan Garcia, a Pittsburgh-based energy infrastructure attorney with Steptoe & Johnson PLLC who identifies Brownsville as his hometown, shared on social media.
SEC financial boom brings revenue to $1.1 billion, but can it catch the Big Ten?
The Southeastern Conference released financial records that show business is booming after a new deal with ESPN. But can it match Big Ten's wealth?
Cencora to buy retina business of EyeSouth Partners for $1.1 billion
Drug distributor Cencora said on Monday it would buy the retina business of eye care network EyeSouth Partners for $1.1 billion, expanding its eye care unit.
News | U. of Oklahoma athletics drives plans for $1.1 billion entertainment district
Mixed-use hub's first phase to include performance venue, 'carefully curated' retail
State treasurers says tariffs continue to create chaos in Colorado
Colorado businesses paid $1.1 billion in tariffs in 2025, according to state treasurer Dave Young.
Colorado Sues EarnIn For “Immoral, Unethical, Oppressive and Unscrupulous” Business Practices
Hey all, Jason here. When this hits your inbox, I should be en route to the airport — not to go anywhere myself, just to pick up my better half. I must admit, it’s been strange to be home alone (well, with two dogs) for two weeks! Really lets me “optimize” to spending more time on reading/writing/working, whether that’s healthy or not! Looking forward to getting back into a (somewhat) more balance routine. Subscribe or Support by Upgrading Compare Notes With the People Who Built Modern Fintech Partner content: Remitly CEO Sebastian Gunningham. Increase founder Darragh Buckley. Linda Du, Co-founder & President at Valon. They’ll unpack the decisions behind building and scaling major financial products: what they got right, what broke, what they would do differently, and how AI and new infrastructure are changing the operator playbook. Most events tell you where fintech is going. NerdCon puts the people who built the present in the room and asks them what comes next. Expect an operator-led conversation grounded in real products, real trade-offs and lessons earned the hard way. Fintech Business Weekly readers save 20% on Regular tickets with code FBW20 before standard pricing ends September 11. Meet the Builders Things To Know & Other Good Reads Advent and Stripe Abandon $50 Billion Pursuit of PayPal (Bloomberg) Trump Family’s New Crypto Bank Is Backed by Abu Dhabi Sheikh (Wall Street Journal) The multiplying risks of financing data centres (FT) Let the Bond Market Speak (Wall Street Journal) Did we waste a crisis? Modest proposals to reform deposit insurance. (Fintech Takes Banking) Untangling Guggenheim: How Private Credit Built Its Own Universe (Net Interest) The Hater’s Guide To Circular Financing — Part One (Ed Zitron) Fiat Ventures Rebrands to FGV Capital, Announces $35M Oversubscribed Fund II (BusinessWire) Socure Announces Strategic Growth Investment at $5.2B Valuation and Acquires Agentic Operations Platform Fravity (Socure) Listen: When Consumer Protection Disclosures Work Too Well (Consumer Finance Monitor Podcast) Colorado Sues EarnIn For “Immoral, Unethical, Oppressive and Unscrupulous” Business Practices When Andreessen Horowitz led EarnIn’s $39 million Series B in 2017, Alex Rampell, a partner at the storied venture capital firm, described EarnIn’s small-dollar advance product as “free,” relying on “entirely on voluntary contributions instead of fees.” Rampell favorably compared EarnIn’s approach to typical payday loans, writing, “Payday loans historically have had the potential to be a slippery slope for consumers into financial distress: opaque systems and steep fees that are hard to repay and set individuals back further than where they started. For many Americans living paycheck to paycheck, that kind of slide into debt can be extremely difficult to recover from.” But EarnIn’s product — which, the company says, isn’t a “loan,” legally speaking — ends up being anything but free for most users. While it is technically possible to take a no-fee advance from the company, most users incur “Lightning Speed” (instant funding) fees and/or ostensibly optional tips that combined can equate to annualized percent rates that can reach over 1,000%. With an average term of 9.77 days, even fees and tips that are small on an absolute dollar basis are equivalent to high APRs on an annualized basis. A lawsuit filed last week by Colorado Attorney General Phil Weiser against EarnIn describes the company and its product and business practices quite differently than Andreessen’s Rampell; “EarnIn’s business practices are unfair because they are immoral, unethical, oppressive and unscrupulous,” the complaint, filed in District Court in Denver, Colorado, says. EarnIn’s marquee product, Cash Out, isn’t a loan, the company says, as Cash Out is not “[f]orward [l]ooking” because “[t]he money is transferred based on earnings to date,” does not carry a mandatory fee to access funds, and is “non-recourse,” meaning EarnIn cannot pursue recovery from users who don’t repay advanced funds. EarnIn is sometimes referred to as an “Earned Wage Advance” service. Though, unlike some others in the broader category, EarnIn does not integrate with employers’ payroll or time and attendance systems. Rather, EarnIn attempts to verify a user’s income and employment, by examining direct deposit transaction data in their linked external bank account, by using GPS location and Bluetooth data to estimate a user’s time spent at work, if they work in a fixed location, and/or by having a user provided a work email address. While repayment is theoretically optional, as EarnIn would have no recourse, such as reporting non-payment to the credit bureaus or a collections agency, this is anything but clear to users of the EarnIn app, Colorado’s complaint argues. During the process of taking a Cash Out, users must agree to a preauthorized debit of the amount advanced, plus any expedited funding fee and/or tips. Though users technically can revoke this ACH authorization, the fact that they have this right isn’t presented to users during the Cash Out process, but rather is included in linked terms and conditions few users are likely to actually read. And users who do wish to revoke their ACH authorization must do so three or more days before the scheduled transaction date by emailing EarnIn’s customer support. Similarly, EarnIn’s marketing claims that it carries “no interest” and “no mandatory fees” is technically true, but is not the reality for many of the app’s users, the Colorado complaint argues. Further, EarnIn has extensively marketed to users the ability to “access your pay today,” to get “instant” funds, and to get funds “the same day you work” — when, in reality, this speed of access was only possible by paying the additional, undisclosed Lightning Speed fee. The Colorado complaint highlights this contradiction specifically, noting: EarnIn tells consumers that they can ‘Make any day payday with EarnIn’ and that there no ‘hidden’ or ‘mandatory fees.’ For a consumer to access their pay on the same day requested, they would have to pay the Lightning Speed fee. In the fine print of the advertisement EarnIn discloses that ‘[f]ees apply to use Lightning Speed,’ a direct contradiction to the larger text of the advertisement, and a fact that would not be immediately understood by a consumer as ‘Lightning Speed’ is not defined nor explained. Like other small-dollar lending services, rather than explicitly charge interest, EarnIn collects a markup on the optional Lighting Speed fee, which, given the nature of the transactions, many users opt for, as well as offering users the option to leave “tips.” EarnIn leverages either Real-Time Payments (RTP) rails or push-to-card via debit rails if a user opts for the optional Lightning Speed. But while these capabilities cost EarnIn, on average, $0.075 or $0.20 per transaction, respectively, EarnIn charges users significantly more. Initially, EarnIn charged as little as $1.99 for Cash Outs up to $24. But EarnIn has hiked these fees multiple times, and now charges $4.99 for Cash Outs up to $75 and $6.99 for those over $75. According to the Colorado complaint, EarnIn leverages “dark patterns” to manipulate users and to make it more difficult to avoid tipping. Examples of these “road blocks” highlighted in the complaint include: As of 2023, in the EarnIn app, a consumer attempting to get a loan under the default settings had to make at least eighteen separate taps to complete the transaction and reduce the tip to $0. There is an alternative method to leave a $0 tip, via the “Custom tip” feature, but EarnIn made this option difficult to access by visually deemphasizing it and positioning it near devices’ “home” button. Using language and imagery such as “Tip to pay it forward,” “Your generosity supports the service + helps,” “Your tips make a difference,” and “[t]he APR for this cash out is 0%. Your tips help support us.” While Lightning Speed and tipping are, in theory, both optional, in practice, users nearly always ended up paying something. According to the Colorado suit, users were charged either a tip or an expedite fee for more than 92% of transactions, with an average APR of nearly 388%. And, although the advances are “non-recourse,” EarnIn successfully collects on nearly all transactions — 99.18%, according to the complaint, which, Colorado argues, “demonstrat[es] that EarnIn’s advances function as high cost loans, not voluntary payments.” The share of EarnIn users incurring fees — despite the product being marketed as 0% APR — is hard to reconcile with Andreessen investor Rampell’s favorable description of EarnIn vs. “opaque systems and steep fees” associated with payday loans, which, Rampell says, can be “extremely difficult” for borrowers to extricate themselves from. According to Colorado’s suit, EarnIn’s Cash Out product “trapped many consumers in extreme cycles of high-cost reborrowing.” The suit gives an example of one consumer in the state, who took out a whopping 1,151 loans, paying a total of $4,038.50 in Lightning Speed expedited funding fees on loans that averaged the equivalent of 1,421% APR. Another Colorado user, the suit says, took out 1,033 loans, paying $8,561.22 in tips and fees at an average APR of 1,539% . These types of usage patterns demonstrate “the severe and repeated financial harm caused by EarnIn’s illegal lending model,” the Colorado complaint argues. In aggregate, from January 2023 through July 2025, EarnIn extended 3.1 million loans to 56,778 users in Colorado — an average of nearly 55 transactions per person during the time period. EarnIn lent more than $300 million and collected more than $16 million from Colorado users in Lightning Speed fees and in tips. Ultimately, the Colorado complaint argues that “EarnIn’s Cash Outs are loans under Colorado law, and EarnIn’s contention that its product is not a loan based on its disclaimer of any legal repayment obligation lacks any real-world significance given how the Cash Out transactions actually operate in practice.” Colorado further argues that “EarnIn was not working with companies here in providing consumers with funds but acted as a third-party lender and charged illegally high rates, used deceptive design strategies to extract some charges, and trapped consumers in repeat borrowing. Colorado will continue to stand up for consumers and hold companies accountable when they violate our credit laws or attempt to evade them through misleading practices.” Colorado’s suit alleges EarnIn assesses finance charge in excess of that permitted by Colorado law, that EarnIn failed to make legally required disclosures to Colorado borrowers, that EarnIn made supervised loans to consumers without obtaining the requisite license, that EarnIn violated the state’s Deferred Deposit Loan Act, that EarnIn engage in unfair and deceptive trade practices, and that EarnIn made false or misleading statements concerning price. The suit seeks a court order enjoining EarnIn from violating relevant Colorado laws, for EarnIn to refund amounts charged in excess of state law, fees, costs, and penalties, and other relief the court deems to be just. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Q2 Quarterly Banking Profile: Five Quick Takeaways The FDIC released its quarterly banking profile, which is always worth a read, for the second quarter. The profile provides an aggregate snapshot about the overall health of the 4,238 institutions whose deposits are insured by the FDIC, who, collectively, hold more than $26 trillion in assets and saw a total net income of more than $90 billion in the second quarter. Net income was up 12% vs. Q1 2026, with lower provisions and realized gains on securities helping to drive the improvement, somewhat offset by increases in non-interest expense and applicable income taxes. Overall net interest margin was basically flat quarter over quarter (up 1 basis point vs. Q1 2026), though community banks saw NIM grow by 10 basis points, to 3.81%. Unsurprisingly, given that interest rates haven’t changed, unrealized losses on securities changed little, edging up slightly to $326.7 billion vs. $325.1 billion in Q1 2026. Aggregate credit quality has remained benign, with asset quality actually improving slightly in Q2. Overall, institutions reported a 9 basis point decline in their past-due and non-accrual rate, to 1.44%. Net charge off rate also declined by 2 basis points, to 0.57%. And finally, the FDIC’s deposit insurance fund stands at $161.1 billion, making the DIF reserve ratio 1.48% — above the statutory minimum of 1.35%, but still below the designated target reserve ratio of 2%. [Paid Subscriber Exclusive] Nissan Withdraws ILC App, State Associations Plan BankChain Alliance, FDIC Defines “Unsafe or Unsound Practice” For First Time Automaker Nissan withdrew its application to charter a Utah industrial loan company and its corresponding application to the FDIC for deposit insurance last week, on August 19th. Nissan’s application had been outstanding for more than a year, as it originally applied in June 2025. Recent applications to the OCC to form national banks have been decisioned, one way or the other, substantially more quickly than has historically been the case.
City approves new tax raise, investment in mental health initiatives
Travis County commissioners passed a $1.1 billion budget for Central Health, the county’s hospital district, Tuesday, which included $54 million for new investments in mental health crisis and recovery resources. With these investments, Central Health aims to help the community address the “visible problem” of people cycling through the ER, hospital, jail and the street,...
Indonesia to inject $1.1 billion into health insurer BPJS Kesehatan
JAKARTA, Sept 29 () - Indonesia's government will inject 20 trillion rupiah ($1.11 billion) into health insurer BPJS Kesehatan to help the state agency cover its deficit in 2026, according to a government statement.
Three international companies get tax incentives for jobs in central Ohio
The Ohio Tax Credit Authority projects may result in more than $148 million in new payroll and generate over $1.1 billion in Ohio investments.
Daimler Truck Plans 1.1 Billion Euro Share Buyback as Guidance Is Confirmed
The truck and bus maker outlined the plans alongside confirmation of a guidance raise announced last month.
Norman breaks ground on Rock Creek Entertainment District, OU arena
After years of delays and political fights, OU and Norman officials broke ground on the $1.1 billion Rock Creek Entertainment District on Tuesday, May 12.
Trump officials hit California with ‘largest ever’ freeze on Medicaid funds
The Trump administration suspended $1.1 billion in California Medicaid funds over fraud claims, threatening home care for 900,000 seniors and people with disabilities.
Federal Rural Health Funds Can’t Stop Harm to Hospitals from Medicaid Cuts - Kentucky Center for Economic Policy
Rural health funds should send just under $1.1 billion Kentucky, not even a tenth of what rural Kentucky is expected to lose in Medicaid funding.
PBS Fans React After ‘News Weekend’ Suddenly Gets Axed
The show ended its run after Congress rescinded $1.1 billion in public funding.
Adient plc (ADNT) Releases China Business Update
Adient plc (NYSE:ADNT) is one of the Best Undervalued Stocks to Buy According to the Financial Media. On May 20, the company released its China business update, wherein it highlighted that, since last year’s J.P. Morgan Summit, it has seen robust new bookings that continue to support the sales growth momentum. Adient plc (NYSE:ADNT) won ~$1.1 billion […]
FERC seeks $1.1 billion from Abram-led Durham energy firms
Regulators have fined Durham-based energy-efficiency business American Efficient $722 million, saying it’s behind “one of the largest and most brazen frauds” they’ve ever seen.
Oklahoma Supreme Court clears Rock Creek Entertainment District in Cleveland County
The Oklahoma Supreme Court ruled in favor of the Rock Creek Entertainment District, allowing the $1.1 billion project in Cleveland County to proceed.
September inflation sparks estimated £1.1 billion English business rates hike
Government may push reforms in next week's Autumn Budget
Norman leaders break ground on $1.1 billion entertainment district that'll house new OU arena
Ground has officially been broken on a $1.1 billion entertainment district that will house the new University of Oklahoma arena.
argenx Reports Full Year 2025 Financial Results and Provides Fourth Quarter Business Update
$1.3 billion in fourth quarter and $4.2 billion in full year global product net sales, representing 90% year‑over‑year growth Delivered $1.1 billion in operating income in 2025, marking first year of operating profitability VYVGART MG label expansion supported by positive ADAPT SERON and OCULUS results; PDUFA target action date of May 10, 2026 for anti‑AChR antibody‑negative (“seronegative”) gMG Management to host conference call today at 2:30 PM CET (8:30 AM ET) February 26, 2026 7:00 AM CET Am
Vanderbilt Health lands three of 35 Susan G. Komen research grants
Komen is the largest nonprofit funder of breast cancer research outside of the U.S. government, having invested more than $1.1 billion in research since its founding.
Rock Creek Entertainment District under siege in new lawsuit
A citizens group has sued to block Norman's $1.1 billion Rock Creek Entertainment District, alleging constitutional and Open Meetings Act violations.
WATCH: Padilla Slams Energy Secretary Wright on Cuts to Science Funding in Proposed Budget, Political Cancellation of California Hydrogen Hub Funding
WASHINGTON, D.C. — Today, U.S. Senator Alex Padilla (D-Calif.), a member of the Senate Energy and Natural Resources Committee, questioned Energy Secretary Chris Wright about President Trump’s Fiscal Year 2027 proposed budget for the Department of Energy and its drastic cuts to science funding. “Your budget cuts the Office of Science’s funding by $1.1 billion. […]
Controversial entertainment district breaks ground in Norman
The groundbreaking of a controversial entertainment district took place in Norman on Tuesday.The Rock Creek Entertainment District is a $1.1 billion, 269-acre m
Providence announces $1.1 billion pledge from Phil and Penny Knight
The donation will fund a new women’s hospital and cardiovascular care. It's part of the Knights' history of funding health research and hospitals in Oregon, including $200 million in previous gifts to Providence's Heart Institute and a recent $2 billion pledge to OHSU.
Indonesia to inject $1.1 billion into health insurer BPJS Kesehatan
Indonesia's government will inject 20 trillion rupiah ($1.11 billion) into health insurer BPJS Kesehatan to help the state agency cover its deficit in 2026, according to a government statement.
Rainier, University of Oklahoma Foundation to Build $1.1B Rock Creek Entertainment District in Norman
NORMAN, OKLA. — Rainier Development Co. has executed a master development agreement with the University of Oklahoma Foundation for the planned Rock Creek Entertainment District, a $1.1 billion project in Norman. Rainier will lead planning, design, coordination and development of the 269-acre district in collaboration with Cleveland County, the City of Norman, the University of Oklahoma, community stakeholders and other development partners. Rock Creek Entertainment District is envisioned as a year-round destination that will include an 8,000-seat performance venue designed to host concerts, conventions and community events, as well as University of Oklahoma men’s and women’s basketball games and women’s gymnastics events. Plans for Phase I of Rock Creek include the performance venue; a central outdoor plaza; approximately 140,000 square feet of retail, dining and entertainment experiences; roughly 250 multifamily units; and a structured parking garage with 1,200 spaces. Phased openings of the venue, restaurants and retail are expected to begin in 2028. Phase II will include approximately 180,000 square feet of office space and a 150-room hotel. Phase III calls for 500 additional multifamily units, as well as townhomes and single-family residences. Future phases are anticipated to include additional expansion, subject to market conditions and planning. The project, located…
Providence to receive $1.1B from Nike co-founder to build women’s health hospital in Oregon
Providence will receive $1.1 billion from Nike co-founder Phil Knight and his wife, Penny — one of the largest gifts ever pledged to a U.S. healthcare institution — to build Oregon's first women's hospital and expand cardiovascular services. The funds, directed to Portland's Providence St. Vincent Medical Center and Providence Heart Institute, build on the Knights' prior $200 million gift to the heart institute.
Rock Creek Entertainment District in Norman faces another legal battle
A judge will hear arguments on Tuesday as the legal battle over the $1.1 billion Rock Creek Entertainment District in Norman heads back to court.
Enerflex Ltd. Announces Fourth Quarter 2025 Financial and Operational Results, Agreement to Divest Non-Core Business and Provides Preliminary Outlook for 2026
ADJUSTED EBITDA OF $123 MILLION AND RECORD FREE CASH FLOW OF $141 MILLIONREDUCED NET DEBT TO $501 MILLION OR APPROXIMATELY 1.0x TTM ADJUSTED EBITDA AT THE END OF Q4/25STRONG OPERATIONAL VISIBILITY WITH ES AND EI BACKLOG OF $1.1 BILLION AND $1.3 BILLION, RESPECTIVELYSIGNED AN AGREEMENT TO DIVEST OPERATIONS IN ASIA PACIFIC REGION, CONTINUING EFFORTS TO OPTIMIZE AND SIMPLIFY ENERFLEX’S BUSINESSCAPITAL EXPENDITURES FOR 2026 TARGETED AT $175 TO $195 MILLION, INCLUDING $90 TO $100 MILLION FOR GROWTH O