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Mergers & Acquisitions
Aya Healthcare/Cross Country
We believe the companies may be in a position to certify compliance with the FTC’s second request (104 days and counting) as soon as next month. Given the December 3, 2025 terminate date under the Merger Agreement (MA), the companies should be highly sensitive to the duration of this investigation, and if they do not believe any enforcement...
Energy
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Financials
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Healthcare
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Macro
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Tech / Media / Telecom
Reconciliation
Senate Republicans have indicated that the committees responsible for various components of their emerging reconciliation legislation will be releasing draft text in the next couple of days. The Senate Finance Committee, which is responsible for taxes and entitlement programs (e.g., Medicaid, ACA) is likely to be last, with release of its text...
Macro
Russia Sanctions
President Trump is considering imposing additional sanctions on Russia following its recent attacks on Ukraine and its intransigence in negotiations, which Trump is threatening to abandon. Meanwhile on Capitol Hill, 80 senators have co-sponsored legislation that would impose new sanctions on Russia. G7 leaders also want to increase pressure on...
Macro
Trade
Despite the Court of International Trade (CIT) throwing out the “reciprocal” tariffs the Trump administration imposed (and subsequently suspended) via the International Emergency Economic Powers Act (IEEPA), National Economic Council (NEC) Director Hassett this morning said that he expects negotiations that are underway with various countries to...
Macro
IEEPA/Reciprocal Tariff Litigation
In a unanimous decision, a three-judge panel on the U.S. Court of International Trade (CIT) has ruled against President Trump’s imposition of tariffs under the International Emergency Economic Powers Act (IEEPA). The decision (involving two cases, V.O.S. Selections v. U.S. and Oregon v. U.S.) orders the Trump administration to cease...
Energy
Electric Vehicle (EV) Regulations & Tax Credits
President Trump and Congressional Republicans are taking a variety of steps to reverse EV policy across several dimensions. The Senate last week passed a Congressional Review Act (CRA) resolution, which has already been passed by the House, and will be signed by Trump, that eliminates the waiver enabling CA to impose auto emission standards that...
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