Luke Vargas
👤 SpeakerAppearances Over Time
Podcast Appearances
And we are exclusively reporting that Dick's Sporting Goods is nearing a deal to buy Foot Locker for roughly $2.3 billion, which could be finalized as soon as today, barring any last-minute snags. People familiar with the matter say the sides have discussed a deal at $24 per share, which would be a nearly 90% premium to Foot Locker's share price at the time of offer.
And we are exclusively reporting that Dick's Sporting Goods is nearing a deal to buy Foot Locker for roughly $2.3 billion, which could be finalized as soon as today, barring any last-minute snags. People familiar with the matter say the sides have discussed a deal at $24 per share, which would be a nearly 90% premium to Foot Locker's share price at the time of offer.
Foot Locker's stock surged almost 70% in off-hours trading following the journal report. Coming up, the Justice Department is investigating United Health Group for possible criminal Medicare fraud. And we've got the unlikely story of how a cheap historical replica purchased by Harvard turned out to be anything but. That and more after the break.
Foot Locker's stock surged almost 70% in off-hours trading following the journal report. Coming up, the Justice Department is investigating United Health Group for possible criminal Medicare fraud. And we've got the unlikely story of how a cheap historical replica purchased by Harvard turned out to be anything but. That and more after the break.
We are exclusively reporting that the Justice Department is investigating Insure United Health Group for possible criminal fraud, with people familiar with the probe saying it's focused on the company's Medicare Advantage business practices.
We are exclusively reporting that the Justice Department is investigating Insure United Health Group for possible criminal fraud, with people familiar with the probe saying it's focused on the company's Medicare Advantage business practices.
The company said in a statement it hadn't been notified of the criminal investigation by the DOJ, adding that it stands by the integrity of its Medicare Advantage program. A DOJ spokesman declined to comment.
The company said in a statement it hadn't been notified of the criminal investigation by the DOJ, adding that it stands by the integrity of its Medicare Advantage program. A DOJ spokesman declined to comment.
The criminal investigation comes as the Trump administration and Congress look to cut federal health spending, a key source of UnitedHealth's success, and as the company contends with a deficit of trust among shareholders, regulators, and customers.
The criminal investigation comes as the Trump administration and Congress look to cut federal health spending, a key source of UnitedHealth's success, and as the company contends with a deficit of trust among shareholders, regulators, and customers.
President Trump's bid to abolish birthright citizenship heads to the Supreme Court today, where justices will weigh whether to set aside three federal court orders blocking implementation of his decree.
President Trump's bid to abolish birthright citizenship heads to the Supreme Court today, where justices will weigh whether to set aside three federal court orders blocking implementation of his decree.
Trump on Inauguration Day declared that the provision of the 14th Amendment conferring citizenship to children born on American soil applies only to those with at least one parent who is a citizen or permanent resident, a reinterpretation that lower courts found unconstitutional.
Trump on Inauguration Day declared that the provision of the 14th Amendment conferring citizenship to children born on American soil applies only to those with at least one parent who is a citizen or permanent resident, a reinterpretation that lower courts found unconstitutional.
According to the Migration Policy Institute, that shift would deny citizenship to around a quarter million babies born in the U.S. each year to unauthorized immigrants or temporary visa holders. And Republican state lawmakers in Missouri are putting a referendum banning most abortions on the ballot just six months after voters backed a constitutional amendment guaranteeing abortion rights.
According to the Migration Policy Institute, that shift would deny citizenship to around a quarter million babies born in the U.S. each year to unauthorized immigrants or temporary visa holders. And Republican state lawmakers in Missouri are putting a referendum banning most abortions on the ballot just six months after voters backed a constitutional amendment guaranteeing abortion rights.
The measure could go before voters during next year's midterm elections. And finally, British researchers have discovered that a copy of the Magna Carta held for years at Harvard Law School is in fact an original.
The measure could go before voters during next year's midterm elections. And finally, British researchers have discovered that a copy of the Magna Carta held for years at Harvard Law School is in fact an original.
Experts were able to verify the document after a professor noticed key details online confirming it as one of the 25 known Magna Cartas, with the version in question potentially dating back to 1300. WSJ reporter Joseph Pisani explains why the discovery is so remarkable.
Experts were able to verify the document after a professor noticed key details online confirming it as one of the 25 known Magna Cartas, with the version in question potentially dating back to 1300. WSJ reporter Joseph Pisani explains why the discovery is so remarkable.