Morning Update: More than $650M Liquidated as BTC Loses Last Week’s Gains
GM! Here’s what’s trending today: Major cryptocurrencies dropped recently, but they’ve reversed course this week. Bitcoin is now at $85,700. Tether’s founder, Paolo, is again addressing bankruptcy fears. China’s central bank has officially labeled virtual currency as illegal and hinted at potential crackdowns. Saylor has hinted at a “green dot,” causing murmurs about a potential […]
NYU Langone plans to invest $650M to revitalize struggling LI hospital: ‘Significant effect’
Nyu Langone’s Major Investment in Patchogue Long Island Hospital Nyu Langone is committing $650 million to significantly expand its recently acquired Patchogue Long Island Hospital. Now named Nyu Langone Hospital-Suffolk, previously known as Long Island Community Hospital, the facility plans to construct a new 144-bed tower featuring private rooms, enhanced services, and state-of-the-art medical technology. […]
McKinsey to pay $650M to settle DOJ criminal opioid probe
McKinsey & Company agrees to pay $650 million to resolve a Justice Department investigation into the consulting firm's work advising opioid maker OxyContin maker Purdue Pharma on how to increase sales did. McKinsey has filed a five-year lawsuit in federal court in Abingdon, Virginia, to resolve criminal charges brought as part of a rare corporate […]
FEMA program for migrants grows along with border crisis — from over $360M to $650M
The city of Atlanta received $4.85 million in funding for 2023, the first year of the Federal Emergency Management Agency’s Shelter and Services for Migrants program. In 2024, the city will get $10.89 million in year two, with more funding expected to be announced later that year. FEMA’s shelter and services program is another indicator […]