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DHS demands $50 billion to prevent another huge FAA fiasco
They said the US has 'old switches, old routers' that became overloaded with data and failed.
New Mexico to receive $211M in federal rural health funds
The funds come from the Rural Health Transformation Program, a five-year, $50 billion program created in the One Big Beautiful Bill Act.
Oklahoma receives $227M in second year of federal Rural Health Transformation Program
The Rural Health Transformation Program is a $50 billion investment signed into law last year, alongside an estimated $911 billion in reductions to federal Medicaid spending over a decade.
New Mexico to receive $211M in federal rural health funds
The funds come from the Rural Health Transformation Program, a five-year, $50 billion program created in the One Big Beautiful Bill Act.
Trump administration disburses $10 billion in rural health care funds
The Trump administration announced Monday that it is going to roll out $10 billion to 50 states in its second installment of the $50 billion rural healthcare fund which was created as part of the a…
Oklahoma receives $227M in second year of federal Rural Health Transformation Program
The Rural Health Transformation Program is a $50 billion investment signed into law last year, alongside an estimated $911 billion in reductions to federal Medicaid spending over a decade.
SpaceX Wants To Turn AI Compute Into A $500B Business Next Year – And Elon Musk Says NASA’s Annual Budget Is No Match
Baron touted $50 billion in annual rental revenue from $35 billion data-center investments.
Trump administration delays awards slated to improve rural America’s health
Federal leaders overseeing a $50 billion rural health fund missed a critical deadline to announce how much they’ll give states next year, alerting state leaders to the delay with a mass email.
Trump Administration Delays Awards Slated To Improve Rural America’s Health
State leaders who scrambled to win and begin spending their first-year shares of Republicans’ five-year, $50 billion fund are in the dark about how much they’ll receive in the Rural Health Transformation Program’s second year after a federal office notified states that more time is needed to make allocations.
Trump Ties Rural Health Funding to Changes in State Hospital Laws
States seeking a share of $50 billion in federal funding are being encouraged to loosen hospital construction regulations.
The Private Equity Playbook Most Small Business Owners Never Get Access To
What does the $650 billion wave of private equity capital moving into Main Street mean for owners who are unprepared for acquisition?
A Major Labor Boom in CNY? Not Here Yet
With so many major projects going on — Micron, I-81 viaduct and others — job growth is predicted to increase. But so far the number of jobs in the region has declined By Aaron Gifford [caption id=attachment_11065 align=alignright width=350] Amy Stage, deputy director at the Manufacturers Association of Central New York (MACNY): “For us, the conversation isn’t just about filling jobs. It’s about creating sustainable pathways that help people see a future for themselves in manufacturing.”[/caption] The I-81 viaduct project in Syracuse and Micron facility construction in Clay are expected to create a major labor boom for Central New York. But for the time being, the number of jobs here has actually decreased in the past year. The New York State Department of Labor reported that, for the annual comparison of June 2025 to this past June, private sector jobs decreased by 2,200 or less than 1% to 260,000. Job gains were concentrated in leisure and hospitality (+700), private education and health services (+400) and other services (+300). Job losses for that annual period were reported in the areas of trade, transportation and utilities (-1,500); professional and business services (-1,000); financial activities (-500); mining, logging and construction (-300); manufacturing (-200); and information (-100). The public sector job count rose over 12 months, with most growth concentrated in education, the state Department of Labor reported. Looking ahead, the Central New York economy is expected to benefit from both the Micron and I-81 viaduct projects over a period of several years. Initial job growth is foreseen in construction and computer and electronic manufacturing. Spin-off jobs will be created in the areas of professional and business services, health care and education, the state Department of Labor said in an email response to Oswego County Business magazine. “Population growth tied to the buildout of Micron Technology semiconductor complex in Clay is also expected to bring more workers and residents to the region, increasing demand for transportation services,” the agency said. New York Department of Labor highlighted current or projected job growth trends in various sectors. An increase in defense-related contracts at local high-tech employers has continued to support employment growth in the computer and electronic product manufacturing sector and Micron is expected to generate thousands of direct and indirect jobs as the project progresses. This sector paid an annual average wage of $117,500 in 2025 and employment in the sector is projected to grow by over 60% through 2032, making it the fastest-growing industry in the region. Typical occupations in this industry include electrical, electronic and electromechanical assemblers, software developers and industrial engineers, the state agency reported. Specialty trade contractors include several different types of tradespeople — electricians, plumbers, pipefitters and steamfitters and HVAC (heating, ventilation and air conditioning) mechanics and installers. Many of these positions are trained through apprenticeships, the state Department of Labor reported. The Interstate 81 construction project is generating local jobs, including construction laborers, projected to grow at a 6.4% rate, and operating engineers and other construction equipment operators, projected to grow at a 7.3% rate over the next several years. Construction of the Micron Technology facility is also “creating thousands of job opportunities that will continue over the next two decades,” the state agency reported. The specialty trade contractors sector paid an annual average wage of $86,200 in 2025. For Central New York, the challenge isn’t creating jobs, it’s filling them. Amy Stage, a deputy director at the Manufacturers Association of Central New York (MACNY), said meeting this unprecedented growth is a much larger task than just replacing retirees. “We’re seeing workforce gaps at every experience level,” she said. “Companies need entry-level employees, experienced technicians, supervisors, engineers and skilled trades professionals. The opportunity is tremendous, but we need more people entering these career pathways.” Employers are looking for people who can troubleshoot, read technical information, use computers and learn new processes, not just perform repetitive production work, Stage said. To address this demand, the MACNY created the Manufacturers Talent Institute, which aims to connect students and job seekers with meaningful career pathways while helping employers build their workforce. Twenty-one companies have so far signed up to provide opportunities for more than 800 students. “For us, the conversation isn’t just about filling jobs,” Stage said. “It’s about creating sustainable pathways that help people see a future for themselves in manufacturing.” Several manufacturing facilities in the region are in the midst of expansion: • TTM Technologies, a leading U.S. manufacturer of advanced electronics and interconnect solutions for aerospace, defense and high-technology markets, which has a plant in DeWitt, completed its buildout of an additional facility, adding 400 jobs and expanding production of high-tech circuit boards for defense and critical electronics applications. • In Cortlandville, the Byrne Hollow Crossing Plant, a dairy manufacturing and processing facility, is increasing its operations, creating 100 new jobs. • The Chobani yogurt company is building a 1.4-million square foot dairy processing facility in Oneida County. This will create more than 1,000 good-paying jobs and double Chobani’s New York state workforce, Stage said. Stage noted several ways that local, state and federal governments can help spur manufacturing job growth in this region. Elected leaders and public agencies could work with industry representatives to create pre-apprenticeship and registered apprenticeship programs seeking to upskill workers and improve employee retention. New York state has a variety of grants, tax incentives and financing programs to support site preparation, infrastructure, workforce development and capital investment. The U.S. Department of Labor has a pay-for-performance incentive program that provides employers $3,500 per new apprentice hired and retained for 90 days. MACNY was previously awarded an $87,000 federal grant that will cover 25 apprentices at nine companies. The manufacturing skills gap in the United States, at its current rate, could result in 2.1 million unfilled jobs by 2030, according to a study by Deloitte and The Manufacturing Institute. In New York state, that gap is on pace to exceed 100,000 unfilled positions within six years. Manufacturing companies will be counting on more women to help fill that gap. While women make up half of the overall U.S. workforce, they only account for 29% of the manufacturing workforce in this country, Stage said. “Pre-apprenticeship programs like Real Life Rosies help to bring awareness to the manufacturing industry to fill some of the gaps, but we have a long way to go and it starts with educating people at younger ages about careers in manufacturing and earn-and-learn opportunities,” she said. As for Micron, that $100 billion-plus project, considered the largest private investment in New York state history, is expected to eventually create up to 50,000 jobs throughout the region, factoring in the spin-off opportunities for construction and supply chains. The plant’s foundation was poured on July 9. “As America celebrates its 250th anniversary, data and memory are foundational to the modern economy — and Micron is increasing our U.S. investments to more than $250 billion through 2035 to meet that moment,” the company’s president and CEO, Sanjay Mehrotra, said in a news release. Bechtel, Micon’s construction partner in the project, reported that 4,500 people will be employed to help build the facility, including skilled craft professionals, local union members representing various trades and apprentices. The Syracuse-based CenterState CEO organization tallies the regional labor force at 397,582 workers (Onondaga, Cayuga, Cortland, Madison and Oswego counties). Job growth isn’t limited to the Central New York region. For the larger area covering portions of the Mohawk Valley, the North Country, the Southern tier, and the western part of the state, there are 155,601 employees in the advanced manufacturing sector, and 155,275 construction workers. The agency’s 2026 Economic Forecast report noted that 41% of community and business leaders surveyed said a shortage of skilled workers in this area remains a problem, though 77% shared a positive economic outlook for the year ahead. Beyond the semiconductor and advanced manufacturing areas, local business leaders also see growth in small manufacturing companies, storage businesses, housing, unmanned flight technology and general construction. “Productive reuse of property,” the report said, “will hopefully continue to preserve unique architecture while driving business.” The report identified several challenges for economic growth in the region, including an aging workforce, outdated equipment, the rising cost of raw materials and “the disconnect between the speed of business needs and the pace of talent readiness.”
Southwest and Southside health organizations get nearly $4 million in federal grants to boost technology and cybersecurity
The $50 billion Rural Health Transformation Program was intended to bolster healthcare access in rural areas. It was created under HR 1, the federal spending legislation that also included cuts to …
Yale researchers recommend ways to cut nationwide health care costs by billions a year
A new Yale project argues the U.S. could save $450 billion a year on health care without overhauling the system. Economist Zach Cooper explains the proposed changes.
States bet big on rural health startups, with a Silicon Valley twist
A handful of states set aside money from their share of the $50 billion federal Rural Health Transformation Program to quickly invest in new technologies.
A $50 Billion Health Fund and Rural America’s Internet Gaps
Awards from a $50 billion federal rural health fund included in the One Big Beautiful Bill Act from July 2025 are now paying for digital health care records and home monitoring devices. But whether
In-Flight Entertainment & Connectivity Market worth $13.20 billion by 2031
/PRNewswire/ -- According to MarketsandMarkets™, the in-flight entertainment and connectivity market is projected to grow from USD 9.50 billion in 2026 to USD...
In-Flight Entertainment & Connectivity Market worth $13.20 billion by 2031
/PRNewswire/ -- According to MarketsandMarkets™, the in-flight entertainment and connectivity market is projected to grow from USD 9.50 billion in 2026 to USD...
White House Claim of Finding $250 Billion in Fraud Uses Questionable Numbers
The ledger used by a task force created by President Trump is difficult to verify and includes cases that were identified and went to trial during the Biden administration.
Governor announces another $54.6 million in rural health grants
Gov. Sarah Huckabee Sanders announced an additional $54.6 million in federal funding to bolster rural healthcare on Thursday, the latest allocation from the state's share of a $50 billion fund established by Congress last year.
Billionaires abound in California. Why not tax their wealth?
No state may be a more natural fit for a tax on billionaires than California. It leans left and its 250 billionaires are worth nearly $2 trillion. But a ballot initiative to impose a one-time 5% tax might not pass.
A Closer Look at the $50 Billion Rural Health Transformation Program
The 2025 budget reconciliation created the Rural Health Transformation Program, which will award $50 billion in state grants over a five-year period. This brief provides an overview of the program, describing its structure, how funds can be used, how funding compares to Medicaid spending reductions in the reconciliation law, and how the funds are being distributed across and within states.
The GOP’s $50 billion rural health fund is coming up short, hospital leaders say
Hospital leaders were excited about the Rural Health Transformation Fund until they saw the fine print.
AI startup Discovery Loop seeks around $50 billion valuation, Business Insider reports
AI startup Discovery Loop is seeking to raise funds again at a valuation of $50 billion, the Business Insider reported on Friday, citing people familiar with the matter.
Jeff Dean's startup Discovery Loop is eyeing a $50 billion valuation
Jeff Dean, former Google chief scientist, is raising another round of funding at a valuation of around $50 billion.
Medicaid Changes Put Pressure on Tribal Health Care as New Federal Funding Reaches Minnesota
Medicaid changes are raising concerns about long-term financial pressure on Tribal health organizations, even as Minnesota begins distributing millions of dollars through a new federal program to transform rural health care. The federal Rural Health Transformation Program (RHTP), created in 2025, will provide up to $50 billion to states over five years from 2026 through […]
Lee Health uses federal grant money to expand rural offerings in SWFL counties
A $1.95 million infusion from the $50 billion Rural Health Transformation Program initiated last year will expand the Labelle site to include a walk-in urgent care clinic and a medical lab.
The big business of personal protection: How private security became a $50 billion industry
Private security spending and guard employment have climbed as companies and communities respond to high-profile attacks, even as violent crime falls.
$50B rural health transformation program needs more transparency, groups say
One year into its creation, a $50 billion federal program aimed at improving rural health care lacks transparency, which could make it difficult to protect against fraud, identify successful projects ...
$50B Rural Health Transformation Program Needs More Transparency, Groups Say
By Arielle Zionts and KFF Health News HealthDay ReportersTHURSDAY, Sept. 3, 2026 (HealthDay News) — One year into its creation, a $50 billion federal program aimed at improving rural healthcare lacks transparency, which could make it difficult to protect against fraud, identify successful projects ...
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.
Healthcare costs, Medicaid cuts draw increased scrutiny from NC Democrats ahead of midterms
Under the One Big Beautiful Bill Act, North Carolina is expected to lose nearly $50 billion over the next 10 years, according to analysis by the NC Department of Health and Human Services. Democrats say families will be hard hit by the looming cuts.
Nearly $20 million in federal dollars help expand rural healthcare access in Marion, Polk
Marion and Polk counties are getting a slice of a $50 billion federal funding package to advance rural healthcare access.
Patients Wary of Governments, Companies Pushing AI as a Rural Healthcare Solution
The $50 billion federal Rural Health Transformation Program is set to flood rural America with new AI health tools. That’s despite little evidence on whether health-related AI can improve access to care and patient health in those communities.
AHA urges CMS to prioritize hospitals, providers with Rural Health Transformation Program funding
The AHA Aug. 5 provided comments to the Centers for Medicare & Medicaid Services on the distribution of funding for the Rural Health Transformation Program. The program will fund $50 billion to rural providers from fiscal year 2026 to FY 2030.
Federal Policy Priorities To Strengthen Rural Health and Maximize Rural Health Transformation Program Investments
Executive Summary Rural health care in the United States is at an inflection point. The Rural Health Transformation Program (RHTP), enacted as part of H.R. 1, is a $50 billion, five-year investment designed to help states improve access, quality, and outcomes by transforming rural health care delivery. This investment takes place alongside an estimated $137 … Continued
Microsoft Adds $450 Billion In A Day, Beats Nvidia. What's Behind The Surge
Azure, Microsoft's cloud computing platform, reported stronger-than-expected growth as companies continued spending heavily on AI infrastructure.
Tariff refunds accelerated sharply in June as the US paid out almost $50 billion to businesses
The US sent out $49.1 billion in tariff refunds in June as the checks to businesses accelerated in the second full month of payouts after the US Supreme Court invalidated President Trump's blanket tariffs.
Seven's first entertainment destination to open in Abha
Seven is investing SAR 50 billion ($13bn) in the development of 21 entertainment destinations
Why Tech Alone Can’t Fix Rural Healthcare
As much as it’s needed, a new $50 billion federal program is too focused on expensive and unsustainable technology that could supplant the basic needs of rural health systems.
Assemblyman David Tangipa says California should spend more on veterans than undocumented immigrants
California Assemblyman David Tangipa shared his views on the state's budget negotiations, focusing on tax increases, spending priorities, and the implications of California's $350 billion budget.
Backed by Threat of Clawbacks, Feds Wield Tight Grip on $50B Rural Health Fund
Mehmet Oz, head of the Centers for Medicare & Medicaid Services, framed the $50 billion Rural Health Transformation Program as “bold, creative plans” led by states. But as states have started to roll out their plans, federal officials control where and how the money is spent.
Trump's push for $350 billion 'arsenal of freedom' hits GOP skepticism
Trump calls on Republicans to pass a third reconciliation bill with $350 billion in defense spending and voter ID legislation, but GOP skepticism grows.
SpaceX IPO running at two times oversubscribed, sources say
SpaceX has drawn investor demand that is about double the $75 billion it is seeking to raise next week in its IPO, or $150 billion, said two people familiar with the matter on Friday.
Macquarie Sees World Cup Boost Driving Betting Growth, Favors Flutter Entertainment (FLUT)
Flutter Entertainment (NYSE:FLUT) stands out as one of the biggest potential beneficiaries of the 2026 FIFA World Cup, according to Macquarie, which expects the expanded tournament to generate a substantial increase in global sports betting activity and provide a meaningful earnings tailwind for leading operators. The investment bank estimates that betting volumes tied to the competition could exceed $50 billion worldwide, creating a favorable backdrop for major sportsbook and online gaming comp
Rural Health Transformation: Insights from States
The Rural Health Transformation Program (RHTP) will provide $50 billion to states over the next five years to transform rural health care. States received award decisions in late 2025 and are moving fast, with funding deadlines and reporting requirements already on the horizon. This program is rolling out as rural areas face significant federal Medicaid cuts over the next decade. What does this mean for Congress? Join the Bipartisan … Continued
Trump’s $50B Rural Health Bet Meets a Healthcare Desert in North Carolina
In Martin County, it can be 20 miles or more to the closest emergency room. Healthcare gaps there show the finite reach of a $50 billion rural health fund.
'We'll never know if he could have been saved.' The gaps in Trump's rural health fund
Republicans promise that $50 billion in new health funding will help rural America. But it's not expected to aid the years-long effort in North Carolina's Martin County to reopen its only hospital.
British Takeovers Up 250% as Global Buyers Bypass Political Flux
Britain has been a go-to destination for international deal hunters. The value of M&A mergers targeting UK companies is up more than 250% this year to around $150 billion, according to data compiled by Bloomberg.
Venezuela embarks on $150 billion restructuring of debt amid political turmoil
Venezuelan officials said they wanted to “free the country from the burden of accumulated debt.”
U.S. Embassy Supports Tunisian Business Delegation at 2026 SelectUSA Investment Summit - U.S. Embassy in Tunisia
U.S. EMBASSY SUPPORTS TUNISIAN BUSINESS DELEGATION AT 2026 SELECTUSA INVESTMENT SUMMIT The SelectUSA Investment Summit is the premier U.S. investment event, connecting thousands of investors, companies, economic development organizations, and industry experts to make deals happen. Media Note TUNIS, May 5, 2026 – U.S. Embassy Tunis is pleased to support a delegation of 11 Tunisian companies traveling to the United States to participate in the 2026 SelectUSA Investment Summit at National Harbor, Maryland, May 3-6, 2026. The Summit is an opportunity for these dynamic entrepreneurs to establish new connections and explore business and investment opportunities in the United States. This year, three Tunisian women entrepreneurs and members of the delegation representing Spiraw and Sotetel were accepted into the Select Global Women in Tech year-long mentoring program which will kick off at the summit. Since 2022, more than 50 Tunisian entrepreneurs in fields ranging from e-gaming, robotics, software engineering, coding, online fashion, and green tech have participated in SelectUSA Investment Summits, where they have taken their businesses to the next level. Hosted by the U.S. Department of Commerce, the SelectUSA Investment Summit is a one-stop shop for companies considering expanding to the United States and provides economic development organizations (EDOs) with the opportunity to meet directly with international companies to facilitate investment deals. Since inception, the SelectUSA Investment Summit has attracted tens of thousands of companies and economic development representatives, generating over $250 billion in new investment projects that support more than 125,000 jobs across the United States and its territories. The previous SelectUSA Investment Summit saw record-breaking numbers with more than 5,500 participants, including EDOs from 54 U.S. states and territories and over 2,700 business investors from 100+ countries, including Tunisia. The following Tunisian businesses will take part in this year’s SelectUSA delegation: AquaDeep – Revolutionizes aquaculture with AI-powered monitoring solutions, including a real-time larva counting system and a SaaS platform for environmental monitoring. The company is expanding operations across Tunisia, Europe, Africa, and the United States. Bouraoui Group – Specializes in event venues, hospitality experiences, innovative real estate development, and technology driven customer solutions. The business develops experience- focused and tech enabled lifestyle destinations that combine entertainment, culture, retail, and smart services, and is seeking international partners to co-develop hospitality, PropTech, smart retail, and experiential digital projects. Digital Cook – Builds HR and recruitment software solutions, including HRMS, ATS, and custom tools that streamline hiring, employee management, and talent development. It provides custom software, system integration, and scalable HR platforms for SMEs, large enterprises, and recruitment agencies seeking efficient, user-friendly ways to manage their workforce and improve recruitment. El Kanaouet – Provides high-quality and low-cost hydraulic infrastructure for the supply and distribution of drinking water. The company manufactures prestressed concrete structures based on current technological developments in the field and trends in integrated and digitalized management. El Kanaouet aims to enter the U.S. market with its production of centrifugal prestressed concrete pipes and other technical products and services. Fluoink Nanotechnologies – A deep‑tech startup developing next‑generation antimicrobial additives for paints, coatings, and industrial materials, enabling everyday surfaces to act as long‑lasting barriers against harmful bacteria and pathogens without changing their appearance or performance. Mare Custos – A subsea robotics company specializing in ROV-based underwater inspection services for offshore energy, ports, and marine infrastructure, using high-precision imaging, PAUT, and NDT to inspect structures in challenging conditions. SmartMed SA – A fast-growing digital health company operating in Tunisia, Algeria, and Morocco, offering an integrated ecosystem that helps patients book appointments (MedPro), enables clinics to digitize workflows and EMRs (MedLink), and supports targeted digital marketing for healthcare and pharma (MedAds). With millions of appointments and users, SmartMed has become a leading e-health platform in North Africa. Sototel – Builds telecommunications networks and services, including fixed, radio, and mobile networks. Sototel focuses on technological innovation and continuous improvement, providing high-value-added digital solutions. SOTUPRIN HGE – Specializes in manufacturing household electrical appliances under the brand HGE and OEM. Expanded from the local market to North Africa, Central Africa, the Middle East, and Europe. Spiraw by Food4Future – Designs and manufactures smart, AI-powered cultivation systems allowing individuals and businesses to grow fresh, highly nutritious food – starting with spirulina – directly at the point of consumption. Combining patented hardware, controlled-environment agriculture, and a connected app with an AI assistant, Spiraw aims to decentralize food production and create a new category at the intersection of agri-tech, consumer health, and smart home ecosystems. WaterSec (Istidama) – A climate-tech startup that uses IoT, AI, and smart sensors to help high consumption facilities (such as industries, hotels, and commercial buildings) monitor water use in real time, detect leaks, and optimize consumption. The company’s digital platform turns raw water data into alerts and actionable insights, making water management more transparent, proactive, and sustainable. Learn more about the SelectUSA Investment Summit at https://www.selectusasummit.us/. Follow live developments from the summit on X at https://x.com/SelectUSA.
Big companies position themselves for payday from $50B federal rural health fund
A $50 billion federal fund is supposed to modernize rural healthcare. But community clinics and advocates fear that the contractors administering the money for states will bite off a big chunk before it reaches patients.
With three weeks left in Missouri legislative session, what unfinished business is there?
The countdown is on for the Missouri Legislature. State lawmakers have three weeks remaining this second session of the 103rd General Assembly. So far, they have passed 19 policy bills. Buckle up: they still have plenty of unfinished business. Which key bills are lingering? •The main focus is to pass a $50 billion state budget […]
Opinion: Our health care struggles
The One Beautiful Bill Act threatens rural health care with drastic Medicaid cuts, despite the Rural Health Transformation Program's $50 billion compromise.
India and South Korea agree to nearly double trade to $50B by 2030
South Korea and India have agreed to nearly double bilateral trade to $50 billion by 2030, up from about $27 billion.
Pa. receives $193 million from Rural Health Transformation Program, but rural health leaders remain wary of shortfalls
Pennsylvania received $193 million this year from the Rural Health Transformation Program, which will inject $50 billion over five years to the states. But the state’s rural health leaders worry that the money won’t be enough to fill the financial gaps rural health systems already face and the ones to come with Medicaid changes slated to start in 2027.
Amazon Just Revealed a Hidden $50 Billion Business -- Is This the Buy Signal Investors Needed?
This Amazon business is "on fire," according to CEO Andy Jassy.
Walmart CFO bullish on e-commerce growth, Marketplace potential - Talk Business & Politics
Walmart’s e-commerce business has become a meaningful contributor to the retailer’s growth, now comprising roughly 20% of the company’s revenue. Last year, Walmart’s e-commerce sales exceeded $150 billion, with 27%...
Amazon’s chip business could be worth $50 billion, Jassy says, and he hints it may sell them externally
Andy Jassy's 2026 shareholder letter reveals Amazon's Graviton, Trainium, and Nitro chips generate $20bn+ a year — and could be sold directly to third parties.
Miller-Meeks Leads Rural Health Transformation Program Roundtable in Washington County
WASHINGTON, IA – U.S. Representative Mariannette Miller-Meeks (IA-01) convened her third Rural Hospital Roundtable with Iowa HHS, and leaders from hospitals across Southeast Iowa to discuss the $50 billion Rural Health Transformation Program, and the impact it will have in Iowa.
Business leaders want to turn Belle Isle into special economic zone -- what that means
A new $50 billion plan for Belle Isle would transform the island into a special economic zone with high-income housing, shopping, and about 50,000 residents.
Op-Ed | Fueling NYC’s $50 billion engine: How women business owners can grow and scale
Over the last decade, the number of women-owned firms in NYC has grown by 43%, becoming a powerful force in the city’s economic momentum. Over the past
Give and Take: Federal Rural Health Funding Could Trigger Service Cuts
States are rolling out plans for their share of a $50 billion fund meant to improve rural health care. In some states, the money may provoke rural hospitals to cut services.
A $50 billion fund to help rural hospitals could actually lead to closures and cuts
States are rolling out plans for their share of a $50 billion fund established by Congress to improve rural health care. In some states, the money may provoke rural hospitals to cut services.
'Everybody Loses' author discusses the meteoric rise of sports gambling
Two years ago, Americans bet $120 billion on sports, a 27% increase from the previous year. That figure grew to $150 billion in 2024. Journalist Danny Funt investigates what's considered one of the most consequential — and least scrutinized — shifts in modern American sports in his new book, "Everybody Loses: The Tumultuous Rise of American Sports Gambling."
Lawmakers, Health Groups Resist Their States’ Rural Health Fund Plans
Some Republican state lawmakers and state health associations are pushing back against spending plans under the Trump administration’s $50 billion federal rural health fund. Federal administrators already approved states’ plans, but in many cases, state lawmakers must greenlight spending.
Rural health’s $50 billion tech transformation: Too fast to last
Rural health’s $50 billion tech transformation: Too fast to last
Supreme Court ruling against Trump tariffs will offer relief, business owners say
Businesses could be owed nearly $150 billion in refunds after the Supreme Court struck down tariffs imposed under the International Emergency Economic Powers Act.
Dr. Oz pushes AI avatars as a fix for rural health care. Not so fast, critics say
Dr. Mehmet Oz, who heads the Centers for Medicare and Medicaid Services, is advancing a $50 billion plan to modernize rural health care.
The promise and reality of the rural health fund
In the 2025 budget bill, Congress created the $50 billion Rural Health Fund to help struggling hospitals, doctors, and patients in rural America. But rural hospitals are expected to lose three times that through Medicaid cuts in that same budget bill. So, what will it take to keep rural healthcare afloat?
Inside Maryland’s High-Stakes Bid for Trump’s $50 Billion Rural Health Fund
The White House asked states to compete for a rare pot of new money dedicated to transforming health care across rural America.
Here's what to know about the $50 billion states are getting for rural health
To satisfy Republicans opposed to last summer's cuts to health care, the Trump administration launched an ambitious 5-year initiative known as the Rural Health Transformation Program.
What You Need to Know About the New $50 Billion Rural Health Fund
The Trump administration recently announced how much money each state will receive under an ambitious 5-year initiative known as the Rural Health Transformation Program.
Trump touts rural health fund as part of affordability push
President Trump on Friday touted a targeted $50 billion rural health fund as evidence of his administration’s commitment to helping rural communities improve health care costs and access, part of a…
Breaking Down Trump's $50 Billion Rural Health Fund
Rural health experts dig into the Trump administration’s effort to transform rural health care.
Colorado’s getting $1 billion to ‘transform’ rural health care. But hospitals aren’t thrilled with the state’s plan.
Last year’s H.R. 1 — also known as the “big beautiful bill” — allocated $50 billion for the federal Rural Health Transformation Program over five years.
NV officials prioritize revised federal rural health funding while eyeing looming Medicaid cuts
Trump’s massive spending and tax cut bill included a $50 billion Rural Health Transformation Program to offset part of the bill’s cuts to Medicaid.
Feds award Michigan $173M to boost rural health amid Medicaid cuts
The award for Michigan is part of a $50 billion rural health fund created as part of the One Big Beautiful Bill passed by Republicans last year.
Montana Set to Receive $233 Million Through Federal Rural Healthcare Program
A federal healthcare program from The Centers for Medicare and Medicaid Services (CMS) is providing states with $50 billion spread out over the next five years to improve access and quality in rural healthcare. Passed inside of the One Big Beautiful Bill Act, the Rural Health Transformation Program (RHTP) will distribute 50% of its funds […]
Ohio to get $200M in federal money to aid rural health care, but feds haven’t yet said how
Ohio will get $200 million in federal funding as part of a 5-year, $50 billion program to bolster rural health care. State plans include expanding child vision services and creating the Rural Healthcare Workforce Pipeline, but guidelines for spending flexibility remain unclear.
Texas to receive $281 million for rural health care
Texas will get the biggest portion of the first rollout of the $50 billion Rural Health Transformation Program, which was created in tandem with legislation slashing Medicaid funding.
Trump administration launches rollout of $50B Rural Health Fund
The Trump administration on Monday announced the formal launch of its $50 billion rural health fund created through the One Big Beautiful Bill Act. Beginning next year, states will receive money fr…
CMS divvies up first payments from $50B rural health fund, with an eye toward MAHA goals
The Trump administration on Monday announced the distribution of the first payments from a new $50 billion rural health fund — but not all states are getting equal payouts.
As Missouri stares down Medicaid cuts, it seeks federal rural health funding
The Trump administration’s budget bill included about $1 trillion in cuts to Medicaid. As part of an effort to offset those costs, Congress created the Rural Health Transformation Fund, a $50 billion bucket of money that goes to states.
With billions on the line, Colorado prepares for the rural health care “Hunger Games”
Colorado is vying against every other state for a share of $50 billion in federal money earmarked for improving rural health care.
States battle for rural health funding
States are pledging to enact White House-favored policies for a chance to win bigger shares of a $50 billion rural health fund that Congress and President Donald Trump created in July.
Q&A: Can the federal Rural Health Transformation Fund save Ohio's rural hospitals?
Ohio's proposal for a share of the $50 billion federal fund looks promising, local health experts say, but the money may not be enough to make up for rural hospitals' financial struggles.
Feds Promised ‘Radical Transparency’ but Are Withholding Rural Health Fund Applications
Proposals from states that have shared their applications to a new $50 billion rural health program include using drones to deliver medication, installing refrigerators to expand access to healthy produce, and bringing telehealth to libraries, day cares, and senior centers.