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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...
Mergers & Acquisitions
Dick’s/Foot Locker
Per the terms of the Merger Agreement (MA), the companies are set to file HSR by June 24, 2025.
Healthcare
340b Drug Discount Program
The Federal District Court for D.C. has ruled that the Health Resources & Services Administration (HRSA) has the authority to preapprove the use of 340B rebate models before they can be implemented by drugmakers.
Healthcare
Medicare Advantage (MA) RADV
The Centers for Medicare & Medicaid Services (CMS) issued a statement announcing its intent to restart Risk Adjustment Data Validation (RADV) audits, clear the existing backlog of incomplete audits by early 2026, and boost its auditing workforce/capabilities (i.e., 40 coding experts to 2k, new technology, auditing of every plan, from 35 records...
Healthcare
Medicare Advantage (MA) & UnitedHealthcare
Reports indicate the DOJ has launched a criminal investigation into alleged improper Medicare Advantage (MA) billing practices by UnitedHealth Group (UNH). These reports come on the heels of a similar civil investigation being launched by the agency in February of this year. It is unclear at this stage whether the investigations are separate or...
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