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Clients
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...
Clients
Tech / Media / Telecom
AI
Recent/upcoming developments… As part of the House Energy & Commerce (E&C) Committee’s portion of Republicans’ reconciliation (tax/spending) legislation, lawmakers have included language that would place a 10-year moratorium on states implementing laws and regulations addressing AI. * Exceptions to the moratorium include laws that (1)...
Clients
Tech / Media / Telecom
Spectrum
Recent/upcoming developments… Yesterday, President Trump posted about his desire to see the “reconciliation” (tax/spending) legislation include a provision that provides 600 MHz of spectrum for wireless/wifi use. The House Energy and Commerce (E&C) Committee passed legislation requiring spectrum auctions as part of its broader contribution to...
Clients
Healthcare
Reconciliation
House Republicans are making a final push to pass their partisan reconciliation (tax/spending) legislation, with President Trump and House conservatives currently meeting at the White House to overcome their concerns about the bill’s SALT, Medicaid, and IRA clean energy provisions. The next step for the bill is for it to pass in the Rules...
Clients
Financials
Bank Capital/Liquidity (SLR)
Multiple press reports (stories here and here) indicate that the Trump administration is potentially within weeks of issuing revisions to the Supplementary Leverage Ratio (SLR). This is consistent with Secretary Bessent’s recent comments that implied SLR changes are on a fairly fast track, whereas Basel III/other capital reforms are not in as...
Clients
Macro
Tariff Litigation
The Court of International Trade (CIT) held oral arguments in VOS Selections v. Trump, a lawsuit challenging the administration's authority to unilaterally issue tariffs under the International Emergency Economic Powers Act (IEEPA). The CIT is currently weighing whether to impose a preliminary injunction on the continued implementation of those...
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