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Tuesday, April 22, 2025

Oz sworn in as CMS administrator

 

  • Dr. Mehmet Oz was sworn in as CMS administrator on Friday, cementing his role as head of the agency that provides insurance coverage to millions of Americans.
  • During a ceremony at the Oval Office, Oz, a physician and former TV personality, said he wanted to “save” the nation’s public health programs and focus on reducing chronic disease, “modernizing” Medicare and Medicaid, and targeting fraud, waste and abuse in government insurance offerings. 
  • President Donald Trump reiterated that Republicans wouldn’t cut Medicare or Medicaid. “Just as I promised, there will be no cuts. We’re not going to have any cuts. We’re going to have only help,” he said during the ceremony.
Oz was confirmed by the Senate in a 53 to 45 vote along party lines earlier this month to lead the CMS. Democrats had raised concerns about his previous advocacy for expanding Medicare Advantage, though Oz vowed to scrutinize the program during a confirmation hearing in March. 

Some lawmakers were also worried about potential cuts to Medicaid, the safety-net insurance program that covers nearly 80 million Americans alongside the Children’s Health Insurance Program, under his tenure. Oz largely dodged questions about whether he would support reducing funding to Medicaid during the hearing, but did say he would support work requirements

Meanwhile, potential Medicaid cuts have become a major concern for the healthcare sector in the early days of the Trump administration. 

Earlier this month, Congress adopted a budget blueprint that calls for the House Energy and Commerce Committee, which oversees Medicare and Medicaid, to find $880 billion in savings as Republicans look to balance out the impact of Trump’s promised tax cuts and increase funds for defense and border security. 

Though the resolution doesn’t spell out which programs could be affected, the Congressional Budget Office reported in March that the spending target likely couldn’t be reached without cuts to healthcare programs. 

Reducing spending on Medicaid to pay for tax cuts is unpopular with most voters — including those that voted for Trump — and could be a drag on hospitals’ bottom lines

Republicans have lately said they wouldn’t cut Medicaid, and instead will target fraud, waste and abuse in government healthcare programs. During the ceremony Friday, Oz said some people have been fraudulently enrolled in Affordable Care Act exchange health plans, for example, and states have used Medicaid funds to pay for non-medical purposes.

Under Oz, the CMS has already alerted states that it wouldn’t approve or extend requests for federal funding for certain state health programs that aim to address social determinants of health. 

“Medicaid is the number one budget item for many states, and it is crowding out education, other important social programs,” Oz said. “The states are having a big problem, and that’s with the federal government paying most of the bill.”

https://www.healthcaredive.com/news/dr-mehmet-oz-sworn-in-cms-administrator/745880/

iBio Expands Cardiometabolic and Obesity Pipeline through Licensing Antibody from AstralBio



iBio (NASDAQ: IBIO) has announced a licensing agreement with AstralBio for a preclinical first-in-class antibody targeting Activin E, discovered using iBio's Machine-Learning Antibody Engine. The antibody shows promise in inducing fat-selective weight loss and protecting against obesity and cardiometabolic disease.

Preclinical studies demonstrated strong antibody binding, inhibition of Activin E signaling, and fat-specific weight loss in an obese rodent model. The antibody represents the first functional inhibitor of Activin E, a genetically validated therapeutic target important for energy balance and fat distribution regulation.

Under the agreement terms, AstralBio provided iBio a $750,000 credit toward the option fee and will be eligible for development and commercialization milestone payments up to $28 million, plus low to mid-single-digit sublicense fees. Additionally, iBio amended its collaboration with AstralBio to add a fifth target for cardiometabolic disease treatment.

Rubio will not attend Ukraine peace talks in London

 U.S. Secretary of State Marco Rubio will not attend talks in London aimed at ending the war in Ukraine, State Department spokesperson Tammy Bruce said on Tuesday, after earlier saying he planned to travel to London.

After speaking with his British counterpart, Rubio said he was rescheduling his trip to the United Kingdom to coming months.

"I look forward to following up after the ongoing discussions in London and rescheduling my trip to the UK in the coming months," he said in a post on X.

The talks will go ahead and President Donald Trump's Ukraine envoy General Keith Kellogg would attend the discussions, he said.

It was unclear whether the absence of Washington's top diplomat meant that Trump had downgraded Washington's expectations from the meeting, after saying on Sunday that he hopes Moscow and Kyiv will make a deal this week to end the conflict in Ukraine.

"In this particular instance, while the meetings in London are still occurring, he will not be attending. But that is not a statement regarding the meetings. It's a statement about logistical issues in his schedule," Bruce told reporters at a regular news briefing.

"General Kellogg is there, and so he will be having those conversations."

Earlier on Tuesday, Bruce said in an interview on Fox Business Network's "Mornings with Maria" program that she was leaving along with Rubio for London to continue talks, adding: "London has potential, and this is a good open door."

The decision comes after warnings that the U.S. would walk away from efforts to broker a Russia-Ukraine peace deal unless there are clear signs of progress soon.

Since taking office in January, Trump has upended U.S. foreign policy, pressing Ukraine to agree to a ceasefire while easing many of the measures the Biden administration had taken to punish Russia for its 2022 full-scale invasion of its neighbor.

The U.S. president has repeatedly said that he wants to broker a ceasefire in Ukraine by May, arguing the U.S. must end a conflict that has killed tens of thousands and risks a direct confrontation between the U.S. and nuclear-armed Russia.

Europe has been increasingly concerned over the Trump administration's overtures towards Moscow, after the failure so far of Trump's efforts to secure a ceasefire in the war.

https://www.yahoo.com/news/rubio-not-attend-ukraine-peace-174003303.html

OpenAI would buy Google's Chrome, exec testifies at trial

 OpenAI would be interested in buying Google’s Chrome if antitrust enforcers are successful in forcing the Alphabet (NASDAQ:GOOGL) unit to sell the popular web browser as part of a bid to restore competition in search, an OpenAI executive testified on Tuesday at Google’s antitrust trial in Washington.

ChatGPT head of product Nick Turley made the statement while testifying at trial in Washington where U.S. Department of Justice seeks to require Google to undertake far-reaching measures restore competition in online search.

The judge overseeing the trial found last year that Google has a monopoly in online search and related advertising.

Google has not offered Chrome for sale. The company plans to appeal the ruling that it holds a monopoly.

The beginning of the high-stakes trial provided a glimpse into the generative AI race, where Big Tech companies and startups are vying to build up their apps and gain users.

Prosecutors raised concerns in opening statements on Monday that Google’s search monopoly could give it advantages in AI, and that its AI products are another way to lead users to its search engine.

Google has pointed to competition among companies offering generative AI products, such as Meta Platforms (NASDAQ:META) and Microsoft (NASDAQ:MSFT).

Turley wrote last year that ChatGPT was leading in the consumer chatbot market and did not see Google as its biggest competitor, according to an internal OpenAI document Google’s lawyer showed at trial. He testified that the document was meant to inspire OpenAI employees and that the company would still benefit from distribution partnerships.

’BETTER PRODUCT’

Turley, a witness for the government, testified earlier in the day that Google shot down a bid by OpenAI to use its search technology within ChatGPT. OpenAI had reached out to Google after experiencing issues with its own search provider, Turley said, without naming the provider. ChatGPT uses technology from Microsoft’s search engine, Bing.

"We believe having multiple partners, and in particular Google’s API, would enable us to provide a better product to users," OpenAI told Google, according to an email shown at trial.

OpenAI first reached out in July, and Google declined the request in August, saying it would involve too many competitors, according to the email.

"We have no partnership with Google today," Turley said.

The DOJ’s proposal to make Google share search data with competitors as one means of restoring competition would help accelerate efforts to improve ChatGPT, Turley said.

Search is a critical part of ChatGPT to provide answers to user queries that are up to date and factual, Turley said. ChatGPT is years away from its goal of being able to use its own search technology to answer 80% of queries, he added.

ENDING EXCLUSIVE DEALS

In August, U.S. District Judge Amit Mehta found that Google protected its search monopoly through exclusive agreements with Samsung Electronics (KS:005930) and others to have its search engine installed as the default on new devices.

Google had contemplated deals with Android phone makers such as Samsung that would provide exclusivity for not only its search app, but also for its Gemini AI app and Chrome browser, according to a document shown at trial.

Instead of entering more exclusive agreements, however, Google loosened its most recent deals with device makers Samsung and Motorola (NYSE:MSI) and wireless carriers AT&T (NYSE:T) and Verizon (NYSE:VZ), allowing them to load rival search offerings, other documents showed.

The non-exclusive agreements mirror what Google has said should be the remedy to address Mehta’s ruling. The DOJ wants the judge to go farther, banning Google from making lucrative payments in exchange for installation of its search app.

Google sent letters as recently as last week reiterating that its agreements did not prohibit the companies from installing other AI products on new devices, Google executive Peter Fitzgerald testified on Tuesday.

https://www.investing.com/news/stock-market-news/google-contemplated-exclusive-gemini-ai-deals-with-android-makers-3996262

Harvard Law School Professors Politicize The Rule Of Law

 by Peter Berkowitz via RealClearPolitics,

A camp counselor picks favorites by lauding some campers regardless of how ordinary or even counterproductive their conduct while ignoring or disparaging other campers’ valuable contributions. A referee takes sides by giving all benefits of the doubt to one team. And a human rights activist flouts the rights shared by all persons by expressing outrage at and even exaggerating or outright fabricating abuses perpetrated by one set of combatants while turning a blind eye to atrocities executed by the opposing combatants.

The same goes for the rule of law in America – that is, a system in which individuals are subject to well established, general, and publicly promulgated rules that are equally enforced and impartially adjudicated. A group that defends law’s integrity against threats from one party but remains silent while the rival party repeatedly abuses the law over the course of many years to consolidate power and harm political opponents politicizes an essential principle that transcends the differences between partisans.

In this way, 96 voting members of the Harvard Law School faculty (active or emeritus) have called attention to their dubious dedication to the rule of law.

On March 29, this HLS faculty supermajority published online “A Letter to Harvard Law School Students.” Writing in their “individual capacities,” the professors explain that they took this extraordinary step because “American legal precepts and the institutions designed to uphold them are being severely tested, and many of you have expressed to us your concerns and fears about the present moment.” Despite their best efforts to demonstrate that they were not speaking for Harvard Law School – the professors declined to use the law school’s stationery and website, and they did not include their faculty titles in their signatures – the sheer number of signatories attested to the professors’ espousal of HLS orthodoxy.

A widely shared respect for the rule of law at Harvard Law School would be welcome. For decades, HLS has served as a premier platform for a variety of fashionable perspectives including critical legal studies, critical race theory, identity politics, and woke progressivism. In one way or another, all attack the rule of law’s claim to stand above politics. Some cutting-edge professors at HLS insist that in practice the rule of law is a fraud perpetrated by the powerful, a tool by which oppressors justify their power and lull the oppressed to accept their subordination.

The supermajority’s March 29 letter might suggest that the pendulum has shifted, inasmuch as the signatories say that they “share, and take seriously, a commitment to the rule of law: for people to be equal before it, and for its administration to be impartial.” This commitment, they stress, “is foundational to the whole legal profession, and to the special role that lawyers play in our society.”

The supermajority’s selective apprehensions, however, suggest that they are friends of convenience to the rule of law.

The HLS faculty do not explicitly mention President Trump or the Trump administration. But the professors highlight in four bullet points steps that “government leaders” are taking that imperil the rule of law:

  • single out lawyers and law firms for retribution based on their lawful and ethical representation of clients disfavored by the government, undermining the Sixth Amendment;
  • threaten law firms and legal clinics for their lawyers’ pro bono work or prior government service;
  • relent on those arbitrary threats based on public acts of submission and outlays of funds for favored causes; and
  • punish people for lawfully speaking out on matters of public concern.

The HLS professors acknowledge that “reasonable people can disagree about the characterization of particular incidents.” But they do not explain why their genuinely concerning allegations endanger the rule of law itself. Not every unlawful action threatens the foundations of equal liberty under settled and fairly administered law. Indeed, America’s separation of powers system anticipates executive overreach, and the Constitution gives Congress and the courts ample power to rein in the president.

Furthermore, over the last 15 years or so, Democrats, federal bureaucrats, and the D.C. power elite have repeatedly abused power to advance progressive priorities: For example:

  • In 2010, President Barack Obama’s IRS targeted conservative organizations to deny them tax-exempt status.
  • In 2012, Obama effectively legislated from the White House by creating through executive order the Deferred Action for Childhood Arrivals program (DACA) which eliminated the administration’s responsibility to enforce elements of immigration law.
  • In 2016, Obama administration FBI Director James Comey usurped the attorney general’s authority by publicly declaring that presumptive Democratic presidential nominee Hillary Clinton could not be reasonably prosecuted for conducting as secretary of state her email correspondence on her private server, including many chains containing classified information, several of which chains contained emails deemed “Top Secret.”
  • Also in 2016, Comey launched, on the flimsiest of pretexts, an investigation – fueled in part by Clinton campaign opposition research – into Republican nominee Donald Trump’s alleged collusion with Russia. The successor investigation led by Special Counsel Robert Mueller hamstrung the Trump administration for two years while concluding that the evidence did not show that candidate Trump collaborated with Moscow.
  • From 2021-2024, the Biden administration furtively maneuvered to protect Hunter Biden from prosecution for tax evasion, making false statements on a firearm purchase, and unlawful possession of a gun.
  • In 2022, President Joe Biden sought to usurp congressional authority by erasing through executive order approximately $400 billion in federal student-loan debt.
  • In 2023, the Biden Justice Department declined to prosecute President Biden for retaining classified documents for many years and in several locations, and for disclosing their contents to at least one individual who lacked clearance.
  • In 2023, as primary season approached, Democratic prosecutors filed against Trump four criminal indictments – some of which were based on novel and farfetched legal theories – in four jurisdictions for alleged unlawful conduct stretching back to 2016.
  • In 2025, federal district courts have promiscuously issued nationwide injunctions that go beyond the parties before them to prohibit the Trump administration from implementing its policies anywhere in the country.

Reasonable people can disagree about the characterization of these events. But the larger question remains: Where were the collective statements of the supermajority of HLS professors – or majority, or even a small minority – about the sanctity of the rule of law when a long train of abuses of law over many years benefited the Democratic Party?

The HLS professors also highlight perils to the rule of law stemming from Trump administration efforts to terminate green cards and visas of international students whose presence in the United States, according to a memorandum from Secretary of State Marco Rubio, creates “potentially serious adverse foreign policy consequences for the United States.” At Harvard “and many other universities, international students have reported fear of imprisonment or deportation for lawful speech and political activism,” the professors write. Such government action, they warn, would contravene the First Amendment, “which was designed to make dissent and debate possible without fear of government punishment.”

The HLS professors rightly demand that government scrupulously adhere to free-speech requirements. If only the Harvard 96 had shown such firmness in defense of free speech over the last several decades. Instead, elite campuses have made a habit of punishing departures from progressive orthodoxy with censorship, ostracism, denial of job opportunities, and more. Indeed, if safeguarding free speech were a priority for the HLS professors, they had no further to go than their own back yard to come to its aid. Harvard University recently finished dead last for the second consecutive year in the Foundation for Individual Rights and Expression (FIRE) rankings for protecting campus free speech. Yet this disgrace has not roused the HLS supermajority to action.

In a March 30 open letter to his students, which provides a trenchant reply to his HLS colleagues, Professor Adrian Vermeule observes that the supermajority’s “ideological blindness” makes its letter “deeply corrosive of the shared ideal of the rule of law.”

For instance, Vermeule notes, the signatories were nowhere to be found when Trump’s lawyers were prosecuted for representing him; when activists threatened Republican-appointed Supreme Court justices’ homes and families; and when outside the Supreme Court Senate Minority Leader Chuck Schumer threatened Justices Gorsuch and Kavanaugh with retribution for their rulings.

“The central vice of the collective letter, then, is that it is tendentious,” Vermeule concludes. “It attempts to appropriate a shared ideal and turn it to sectarian ends, implicitly aiming to define anyone who disagrees as an opponent of the rule of law altogether. In doing so, it runs the grave danger of causing or at least licensing anyone who does not agree with those sectarian ends to see all talk of the rule of law as a political sham.”

The Harvard Law School professors’ self-discrediting reflects decades of squandered moral, political, and intellectual capital. At this precarious moment, the nation desperately needs citizens capable of rising above the political fray to adopt a constitutional perspective. Alas, our professors keep demonstrating that they are among the least likely to provide that crucial civic service.

Peter Berkowitz is the Tad and Dianne Taube senior fellow at the Hoover Institution, Stanford University. From 2019 to 2021, he served as director of the Policy Planning Staff at the U.S. State Department.

https://www.zerohedge.com/political/harvard-law-school-professors-politicize-rule-law

Andrew Cuomo Referred To DOJ For Criminal Prosecution

 by Ken Silva via Headline USA,

Last October, the Select Subcommittee on the Coronavirus Pandemic has sent a criminal referral to the Justice Department, recommending former New York Gov. Andrew Cuomo be charged with making false statements to Congress.

Unsurprisingly, the DOJ ignored the referral. Some six months later, House Oversight Committee Chairman James Comer, R-Ky., has asked Trump’s Justice Department to take a look at the matter again.

To our knowledge, the Biden Administration ignored this referral despite clear facts and evidence. Accordingly, we request you review this referral and take appropriate action,” Comer said Monday in a letter to Attorney General Pam Bondi.

According to last year’s coronavirus subcommittee report, Cuomo had reviewed, edited, and even drafted portions of a purportedly independent and peer-reviewed New York State Department of Health report, which was used to support his deadly pandemic-era nursing home policies.

However, Cuomo told the subcommittee in his June transcribed interview that he had nothing to do with that report. Cuomo’s lie is why the House GOP wants him criminally charged.

“Andrew Cuomo is a man with a history of corruption and deceit, now caught red-handed lying to Congress during the Select Subcommittee’s investigation into the COVID-19 nursing home tragedy in New York,” Comer said Monday.

“This wasn’t a slip-up—it was a calculated cover-up by a man seeking to shield himself from responsibility for the devastating loss of life in New York’s nursing homes.”

The Cuomo administration came under significant scrutiny for a policy that at first required nursing homes to readmit recovering COVID-19 patients in an effort to avoid hospitals from becoming overwhelmed. That was on top of state fatality figures that significantly undercounted the deaths.

In June, an investigation into New York’s handling of the COVID-19 pandemic found former Gov. Cuomo’s “top down” approach of dictating public health policy through his office—rather than coordinating with state and local agencies—sewed confusion during the crisis.

In the state’s nursing homes, where some 15,000 people died, the administration’s lack of communication with agencies and facilities resulted in wasted resources and mistrust — not to mention anxiety for residents’ loved ones, according to the independent probe commissioned by current Gov. Kathy Hochul in 2022.

Cuomo resigned from office in August 2021, amid sexual harassment allegations, which he denies. Hochul, a fellow Democrat who had been Cuomo’s lieutenant, inherited the job and was reelected the follow year.

https://www.zerohedge.com/covid-19/andrew-cuomo-referred-doj-criminal-prosecution

'ATM' That Melts Gold Down, Sends Funds To Account Spotted In China

 With Chinese traders continuing to send physical gold premiums higher, a new 'ATM' has been spotted in Shanghai that accepts physical gold, melts it down, determines its purity and weight, and then sends funds to one's bank account within 30 minutes.

The machine, made by China's Kinghood Group, will accept any gold items weighing over three grams and at least 50% purity, and will process it and transfer the equivalent value straight into the seller's bank account within 30 minutes, according to India Today, which notes that "No paperwork or ID is needed."

Thanks to rising gold prices, people are lining up to cash in their old jewellery, reports mention. The demand is so high that users now need to book a slot to use the machine. Reports say all appointments are booked till May, reflecting its strong demand, as per Chinatimes.com.

In one demonstration, a 40-gram gold chain fetched 785 yuan (around Rs 9,200) per gram. The total payout? Over 36,000 yuan, or Rs 4.2 lakh, credited to the seller's account in half an hour, according to the publication.

 

Chairman of RPG Enterprises, Harsh Goenka, posted to X: "Gold ATM in Shanghai: Drop your jewellery, it checks purity, melts it, calculates value, and credits your account instantly," adding "If this comes to India, traditional gold lenders might need a new business model."

https://www.zerohedge.com/commodities/atm-melts-gold-down-sends-funds-account-spotted-china