The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Sen. Lamar Alexander warned Wednesday that "the blame will be on all of us" if Congress does not take several simple measures soon to stabilize Obamacare health insurance markets.
"Our goal is a small step, and so many millions of Americans will be hurt if we fail," said Alexander, R-Tenn., as he opened the first of four scheduled hearings of the Senate Health Committee on a bipartisan bill that would shore up the individual insurance marketplaces.
He called for senators to reach a consensus on the bill by the end of next week.
"Otherwise, we won't be able to affect insurance rates and the flexibility of insurers until next year," said Alexander, before he and the other committee members heard testimony from insurance commissioners from five states.
Alexander wants Congress to guarantee that federal payments to insurers that reimburse them for discounts given to lower-income Obamacare customers will continue through at least the end of next year. Democratic senators want the payments to be guaranteed permanently.
President Donald Trump has threatened to end those payments, which subsidize reductions in customers' out-of-pocket health costs. The so-called cost-sharing reduction payments are projected to be worth $10 billion to insurers next year if they continue.
Insurance experts have warned that insurance premiums could spike by an extra 20 percent if the payments are not continued. And some insurers have already priced in the end of the payments in their current rate requests for 2018.
Tennesse's insurance commissioner, Julie Mix McPeak, testified Wednesday that insurers in her state have filed proposed premium rates for 2018 that assume an end to the CSR payments.
Those rates, McPeak said, are 14 percent higher than they otherwise would be because of that assumption.
"The CSR funding issue is the single most critical issue you can address to help stabilize insurance markets in 2017," McPeak said.
She was echoed by Mike Kreidler, insurance commissioner of Washington state.
"Congress must act quickly to address this growing uncertainty," Kreidler said. "You must permanently fund the cost-sharing reduction payments."
"You must take bold action now to shore up these markets. Millions of hard-working families and individuals are counting on us."
Kreidler warned that the nation's individual insurance market risked a collapse if the CSRs are not guaranteed.
"It can, and will happen if you do not take action now," he said.
Alexander also wants the bill to allow states greater flexibility in modifying rules for their own insurance markets beyond what is already contemplated by the Affordable Care Act.
The ACA's current provision for so-called 1332 waivers gives states the ability to request permission from the federal government to make changes to their insurance programs, while maintaining coverage protections implemented by Obamacare.
Alexander and Sen. Patty Murray, D-Wash., scheduled the hearings after the failure of efforts by Republican leaders in Congress to pass legislation that would repeal and replace key parts of the Affordable Care Act.
While Trump has continued to call for a new bill, many members of Congress are concerned that the individual insurance market will see much higher premiums in 2018, and an exodus of insurers, if the market is not stabilized in some way.
Alexander at the start of Wednesday's hearing noted that 31 senators had met for coffee with the state insurance commissioners before the hearing began.
"So that's a remarkable level of interest," Alexander said.