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Friday, June 27, 2025

NYC $116B budget cracks down on e-bikes, with $10M for universal childcare, millions for migrant services

 Mayor Eric Adams struck a handshake deal with the City Council Friday on a massive around $116 billion budget — that’ll include a new crackdown on e-bikes, according to sources.

The tentative agreement counts $6.1 million to create a “Division of Sustainable Delivery,” with 60 new positions dedicated to e-bike regulation and enforcement following a recent push by the Adams administration to reign in the vehicles.

City Hall agreed to give the council a major boost in funding for immigration services to the tune of $54.5 million, a source familiar with the deal said.

Mayor Eric Adams and the City Council reached a handshake deal that’ll lead to a crackdown on e-bikes across the Big Apple.Andrew Schwartz / SplashNews.com

The spending plan will also include $10 million for a universal childcare pilot program — after the issue became a hot topic in the Democratic mayoral primary race.

The initiative will dole out free child care for children ages 2 and under for hundreds of low income families, sources said.

The handshake deal comes after Adams — who is running for re-election as an independent in the November general election — unveiled a $115 billion spending proposal in May that he dubbed “the best budget ever.”

The 2026 city budget, which is due July 1, appears to add another close to a billion on top of that, for a topline number of around $115.8 billion, according to a City Hall rep.

The deal would also provide $41.9 million in free legal assistance for migrants facing deportation and who need help with benefits – a sticking point for city Democrats looking to fight back against President Trump’s strict immigration enforcement.

A $116 billion budget agreement will generate $6.1 million to establish the “Division of Sustainable Delivery,” creating 60 new jobs to crack down and enforce regulations on e-bikes across the city.Matthew McDermott
Immigration services will also receive a $54.5 million budget with an additional $10 million being used for a universal childcare pilot program.Getty Images

Another 12.5 million would go toward pro bono lawyers that would help unaccompanied minor immigrants in removal hearing, sources said.

Council Speaker Adrienne Adams, who made a late bid for the Democratic mayoral primary, and Councilman Justin Brannan, the finance chair, were adamant about securing the immigration and child care funding as top priorities, sources said.

They had also fought Mayor Adams, no relation to the speaker, over proposed cuts to libraries during the budget negotiations.

The budget set to be announced later Friday includes an agreement to spend $2 million to expand service to seven days a week for 10 libraries citywide.

https://nypost.com/2025/06/27/us-news/nycs-massive-116b-budget-will-boost-e-bike-crackdown-launch-10m-universal-childcare-pilot-program/

"Time To Leave NYC": Kyle Bass Urges Dan Loeb To "Embrace Your Inner Texas" After Mamdani

 Far-left socialist and foreign-born Muslim Zohran Mamdani's surprise primary victory over former New York Gov. Andrew Cuomo in the NYC mayoral race has sent shockwaves through the business community. Even more unsettling for pro-business leaders is the realization that a growing segment of voters in the sanctuary city appears completely detached from basic economic math—a symptom of a failed progressive-dominated education system that has glorified socialism while vilifying capitalism. 

Earlier this week, Dan Loeb, chief executive of hedge fund Third Point and a major Cuomo backer, put it best: "It's officially hot commie summer." Loeb was referring to Mamdani's victory over Cuomo in the mayoral primary.

Loeb's X post cited a Wall Street Journal article explaining that Mamdani's rise to fame was fueled by young, white, college-educated New Yorkers who are increasingly frustrated by out-of-control living costs in the progressive city.

The CEO of Third Point emphasized: "Doubling down will not solve any of these problems while they may drive out the city's tax base."

Mamdani's appeal among young, woke voters centers on his socialist agenda, including rent freezes, city-owned grocery stores, and free bus rides.

Mamdani's supporters might want to revisit their college gender studies microeconomics textbooks and relearn that rent control suppresses the construction of new apartments by distorting the economic incentives for developers and investors.

Landlords, such as Danny Fishman, CEO of real estate investment firm Gaia Real Estate, told the Wall Street Journal that the Mamdani administration "would be the death penalty for the city."

Fishman said a socialist in NYC City Hall "would be the best thing to happen to Miami and Palm Beach since Covid."

"We've got to do something," said Greg Kraut, chief executive of New York office landlord KPG Funds.

Kraut plans to set up meetings with Adams and the Republican Party to find "another viable path" instead of Mamdani.

"You're going to see a ton of money coming into the race from all levels literally against this one person," said Kraut.

Earlier this week, Goldman's trading desk noted that its NYC Office REITs basket tumbled on the prospect of Mamdani winning. Their analysts said the "big focus is on the back of Mayoral Candidate Zohran Mamdani winning last night. Lot of inbounds on what this potential administration means for NYC exposed REITs, particularly across Office and Apartment REITs with exposure to NYC."

Anti-communist analyst Karlyn Borysenko commented on the NYC situation, suggesting that "maybe we need a little bit of accelerationism... maybe we need a socialist mayor to show the potential reality we're dealing with."

Borysenko warned that people need to wake up—and noted that the Republican Party certainly hasn't yet understood the threat of a socialist takeover of America. In her view, it might take NYC going fully socialist for the rest of the country to finally pay attention. 

We suspect Mamdani's shocking win over Cuomo will mobilize pro-business leaders to begin their anti-socialist campaign. RIP NYC.

Kyle Bass to Loeb: 

. . . 

'A Simple Way to Close Racial Gaps in Cancer Trial Enrollment'

 In a single-center survey, patients with breast cancer from different racial and ethnic backgrounds were equally likely to discuss and participate in clinical trials when given the opportunity. Among patients who declined to participate, ineligibility and time commitment emerged as key barriers.

METHODOLOGY:

  • Clinical trials are crucial for advancing breast cancer care, but enrollment among Black and Hispanic women remains disproportionately low, resulting in study populations that do not reflect the diversity of patients with breast cancer. Some studies suggest that when given the opportunity, Black and Hispanic patients are just as willing to participate in clinical trials as their White counterparts.
  • To better understand discussions, participation as well as patient attitudes surrounding clinical trials, researchers analyzed survey responses from 1150 patients with breast cancer who were enrolled in the Chicago Multiethnic Epidemiologic Breast Cancer Cohort and responded to a survey between July and September 2022. Among them, 4.4% were Asian, 19.5% Black, 3.1% Hispanic, and 73.0% White individuals; mean age at diagnosis was just under 54 years.
  • Compared with White patients, Black patients had increased proportions of triple-negative breast cancer (TNBC; 14.6% vs 25.0%) and grade 3 tumors (36.9% vs 55.5%).
  • Outcomes of interest were discussions of clinical trials, actual participation, and barriers to participation.

TAKEAWAY:

  • Among survey respondents, 447 (38.9%) reported discussing trial participation with healthcare practitioners, with no significant differences between different racial/ethnic groups (adjusted odds ratios, 0.75 for Asian, 1.31 for Black, 0.73 for Hispanic patients compared to White patients).
  • Of the 443 patients who were offered trials, 64.3% participated. Patients who were younger, had more advanced disease, or were diagnosed with TNBC or high-grade cancer were more likely to be offered a clinical trial. While there were differences in trial participation rates across racial and ethnic groups, they were not significantly different after adjusting for sociodemographic and clinical factors.
  • Among 158 patients who declined to participate, the primary reasons were ineligibility and lack of interest in trials (23.4% for both) as well as concerns about receiving placebo (10.8%) and the time requirement (10.1%).
  • Patients with an annual household income below $150,000 were also significantly less likely to participate than those with an income of $150,000 or more but this association varied by income bracket, suggesting that financial barriers are more nuanced than annual income alone.

IN PRACTICE:

The study adds to evidence that patients from racial minority groups are just as willing to enroll in clinical trials when given the chance, according to an invited commentary by Joseph M. Unger, PhD, MS, Fred Hutch Cancer Center, Seattle. The results also “lend crucial validation” to prior findings showing that structural and clinical barriers — not patient refusal — are the main reasons for trial non-participation, according to Unger.

“Reducing barriers to enrollment of clinical trials is a scientific and ethical imperative for the cancer community,” the study authors said. 

SOURCE:

This study, led by Nan Chen, MD, University of Chicago, Illinois, was published online in JAMA Network Open.

LIMITATIONS:

The study population may not have fully represented the broader population of patients with breast cancer in the US. The analysis also lacked sufficient statistical power to detect significant differences in clinical trial discussion and participation between Asian or Hispanic patients and White patients given limited sample sizes. Additionally, survey-based data collection may have introduced selection bias as respondents were likely healthier or had positive experiences with clinical trial discussion or participation.

https://www.medscape.com/viewarticle/simple-way-close-racial-gaps-cancer-trial-enrollment-2025a1000han

'Diminishing Returns With Broader Use of ADHD Meds?'

 It’s well known that medications used to treat attention-deficit hyperactivity disorder (ADHD) do more than address the core symptoms of inattention, hyperactivity, and impulsivity. They have also been associated with significant reductions in the risk for serious real-world outcomes such as self-harm, unintentional injury, car crashes, and crime. 

However, a large-scale Swedish study has found that the magnitude of associations between ADHD medication use and these real-world outcomes appears to have weakened, in parallel with rising prescription rates.

“The declining strength of the associations of ADHD medication and real-world outcomes could be attributed to the expansion of prescriptions to a broader group of individuals having fewer symptoms or impairments,” first author Lin Li, PhD, Karolinska Institutet, Stockholm, Sweden, and colleagues wrote.

The findings were published online on June 25 in JAMA Psychiatry. 

Waning Real-World Impact?

The rate of ADHD medication use has risen substantially in many countries over the past two decades. With treatment now reaching a broader population of individuals who may have less severe symptoms, an emerging question is whether there remains a meaningful reduction in real-world harm.

To investigate, Li and colleagues analyzed health data from Swedish national registers for 247,420 individuals aged 4-64 years who were prescribed ADHD medications between 2006 and 2020.

They employed a self-controlled case series design, which allowed individuals to serve as their own controls. Outcomes included rates of self-harm, unintentional injury, traffic crashes, and crime measured during medicated vs nonmedicated periods.

Over the 14-year study period, ADHD medication use rose sharply in Sweden — from 0.6% to 2.8% in children and from 0.1% to 1.3% in adults.

ADHD medication use was consistently linked to reduced risks for self-harm (incidence rate ratio [IRR] range, 0.77-0.85), unintentional injury (IRR range, 0.87-0.93), traffic crashes (IRR range, 0.71-0.87) and crime (IRR range, 0.73-0.84) across all analyzed time periods, age groups, and sexes.

However, the magnitude of risk reduction for these real-world outcomes diminished significantly over time (< .01) and was not fully explained by the age and sex distribution of people taking ADHD medication.

The study team noted that the strongest associations between ADHD medication and reduced risk for real-world outcomes were consistently observed in women during the earliest study period (2006-2010), a time when only the most severe ADHD cases in women were being diagnosed and treated.

Over time, as more women were prescribed ADHD medication, the sex differences on the various real-world outcomes narrowed, investigators said.

In an accompanying editorial in JAMA Psychiatry, Ryan S. Sultan, MD, Department of Psychiatry, College of Physicians and Surgeons, Columbia University and the New York State Psychiatric Institute, New York City, and colleagues said it’s “critically” important to remember that the purpose of ADHD treatment is not primarily to prevent arrests, car crashes, or self-harm crises but to improve patients’ daily functioning and quality of life. 

“The accumulation of evidence makes one thing clear: When used appropriately, ADHD medications can help affected people not just feel better but live safer, more productive lives. This message is important as many individuals with ADHD still do not receive medication as their first-line treatment, despite medications having the most robust evidence for ADHD,” the editorialists wrote.

The study had no commercial funding. The authors and editorial writers had no relevant disclosures.

https://www.medscape.com/viewarticle/diminishing-returns-broader-use-adhd-meds-2025a1000h89

Make America Fit Again

 Nearly half of Americans

opens in a new tab or window are obese. With rates of obesity more than doublingopens in a new tab or window between 1990 and 2021, obesity is a significant risk factor for chronic diseases, including heart, liver, and kidney disease, high blood pressure, diabetes, some cancersopens in a new tab or window, and dementiaopens in a new tab or window. Increased body mass index corresponds to a higher risk of premature deathopens in a new tab or window. Addressing the rising rates of obesity is of great importance in the prevention and control of chronic disease.

The type of food we consume plays a key role in obesity. Studies suggest that the consumption of highly processed foodopens in a new tab or window increases obesity -- when we eat processed food, we feel less fullopens in a new tab or window and eat more caloriesopens in a new tab or window. As of 2018, ultra-processed foods made up two-thirdsopens in a new tab or window of the food consumed by children and more than halfopens in a new tab or window of the food consumed by adults.

But the type of food people eat is not the only cause of obesity. The rise in ultra-processed food consumption beginning around the early 2000s was preceded by substantial declines in physical activity. In 1991, 42% of high school studentsopens in a new tab or window attended daily physical education classes; as of 2023, just 27% didopens in a new tab or window. The 2024 U.S. Report Cardopens in a new tab or window on Physical Activity for Children and Youth found that fewer than one in three children ages 6-17 years met the goal of 60 minutes of daily physical activity. In another study, physical activity in youth decreased by about 4%-to-5% per year of ageopens in a new tab or window.

These trends were highlighted in the recent Make American Healthy Again (MAHA) reportopens in a new tab or window, but writing about it isn't enough. From regulating artificial food dyesopens in a new tab or window to banning junk foodopens in a new tab or window from the SNAP program in some states, the Trump administration is clearly taking aim at nutrition. To effectively address chronic disease, efforts to promote exercise must not fall by the wayside.

Evidence suggestsopens in a new tab or window diet-plus-exercise programs are superior to diet alone in producing weight loss long-term. Additional research shows that regular physical activityopens in a new tab or window in schools lowers the rates of obesity. One study found that increasing school physical education from 1.5 hours per week to 4.5 hours per week in kids ages 5‐11 years (at inclusion) resulted in an approximately 50% reductionopens in a new tab or window in obesity risk after 5 years. Other studiesopens in a new tab or window have found that short (45-minute), regular, high-intensity activities in school can lead to improved health outcomes.

Yet, the amount of physical education provided in schools varies. Federal guidelinesopens in a new tab or window state that school-age youth should do 60 minutes or more of physical activity daily. The Society of Health and Physical Educators (SHAPE) guidelines suggest a minimum of 2.5 hours per weekopens in a new tab or window of physical activity in elementary school and nearly 4 hours per week for middle and high school kids. State legislation mandating minimum physical activity in schools is strongly predictiveopens in a new tab or window of schools including structured physical education curricula. While nearly 75% of statesopens in a new tab or window require physical education in elementary through high school, over half of states permit students to substitute other activities, or otherwise fail to mandate a specific amount of instructional time.

It's time to double down on physical education in schools. Federal leaders should encourage states to ensure that minimum physical activity standards meet current guidelines for each age group. Institutional accountability can be incentivized through grant programs and other awards. Similarly, student-level engagement can be incentivized based on specific fitness goals.

The decline in physical activity also mirrors the rise of the media-entertainment complex, which is ripe for intervention. In 2024, U.S. revenue tied to the digital media market was estimated at nearly $300 billionopens in a new tab or window and is projected to rise to over $560 billion in the next 5 years. Almost two in three childrenopens in a new tab or window sit and watch television or play video games for more than 2 hours per day, while computer use outside of school has also increased. Also of note, watching more than 2 hours of television per day has been associated with increased risk for attempted suicideopens in a new tab or window among adolescents. Given how ubiquitous the use of televisions, smartphones, and computers has become, we need to establish maximum standards for daily screen use.

We also need programs to encourage adults to be more physically active. More partnerships between professional sports organizations and local communities are needed to support access to playing fields, courts, and supervised competitions. Financial incentives among workers in Japan led to significant increases in daily step countsopens in a new tab or window. Organizations in Europe have attempted to increase physical activity in the workplace by making exercise into a gameopens in a new tab or window and offering prizes for various accomplishments. Tax relief could be offered to employers who offer gym memberships, allocate time for exercise, or provide additional paid time off for employees who meet fitness goals.

Novel therapies like glucagon-like peptide-1 medications that lead to weight loss and reduce heart disease are not a magic bullet. And neither are technologies like glucose-monitoring devices or wearable fitness appsopens in a new tab or window that are unlikely to reach scale or the populations that need them most. Furthermore, some researchopens in a new tab or window has suggested there are potential harms associated with the use of diet- and fitness-monitoring apps. What is needed are evidence-based, structural, community-level interventions that support ongoing exercise. These reach beyond obesity alone, and can have benefits for mental health and socializationopens in a new tab or window too.

To address the chronic disease epidemic, we must establish a culture of physical activity beginning in childhood that continues throughout life. To do so will require leadership and federal support for new legislation and incentives. It is time for Americans to move.

Lao-Tzu Allan-Blitz, MD, MPH, is a pediatrician and adult medicine specialist at Brigham and Women's Hospital and Harvard Medical School in Boston. Jeffrey D. Klausner, MD, MPH, is a professor of population and public health sciences at the University of Southern California Keck School of Medicine in Los Angeles, and a former CDC medical officer.

https://www.medpagetoday.com/opinion/second-opinions/116262

JAK Inhibitors' Cancer Risk Confirmed in Real-World Data

 

  • Some previous studies, including the ORAL Surveillance randomized trial, have shown moderately greater cancer risks with JAK inhibitors versus TNF inhibitors.
  • But some other analyses of real-world data found no difference in these safety issues.
  • This German registry study did show increased cancer rates overall with JAK inhibitors relative to biologic agents, and the risk was even greater in certain subgroups.

Use of Janus kinase (JAK) inhibitors for rheumatoid arthritis (RA) was associated with significantly higher rates of malignancies compared with biologic agents, data from a large German registry indicated.

Based on more than 6,400 treatment episodes with the two drug classes, crude cancer incidence rates were 11.6 per 1,000 patient-years for JAK inhibitors versus 9.3 per 1,000 for biologic disease-modifying anti-rheumatic drugs (bDMARDs), according to Martin Schaefer, PhD, of the German Rheumatology Research Center in Berlin, and colleagues.

That worked out to a hazard ratio of 1.40 (95% CI 1.09-1.80) after adjusting for a host of demographic and clinical parameters, the researchers reported in Annals of the Rheumatic Diseasesopens in a new tab or window.

This appears to be the first registry study to support increased cancer risks with JAK inhibitors. But the German data are very much in line with results from the landmark ORAL Surveillance studyopens in a new tab or window, a randomized trial conducted to evaluate this very issue. It found a hazard ratio of 1.48 for incident cancers (as well as a 33% increase in cardiovascular event rates) among selected RA patients. ORAL Surveillance was required by the FDA, moreover, because data from clinical trials with the pioneering JAK inhibitor tofacitinib (Xeljanz) had suggested higher cancer and cardiovascular event risks compared with tumor necrosis factor (TNF) blockers.

But precisely because these prospective trials enrolled patients meeting certain criteria (e.g., age >50 and one additional cardiovascular risk factor in ORAL Surveillance), manufacturers and clinicians wanted corroboration from real-world data -- which heretofore had not been forthcoming. As Schaefer and colleagues noted, registry studies from around the world had either failed to find even a hint of increase in cancer risk or were underpowered to detect an effect. "It remains largely unclear what the differences in the results of the individual studies can be attributed to," the researchers observed.

As it happens, Schaefer and co-author Anja Strangfeld, MD, PhD, also of the German Rheumatology Research Center, lead a German registry called RABBITopens in a new tab or window that tracks RA patients receiving biologics and other advanced therapies, including JAK inhibitors. It supplied the data for the current analysis. Participants and their clinicians submit data periodically, aiming to cover at least 5 years and up to 10 years of treatment.

The researchers looked at treatment episodes, spanning the period after a particular drug was given; consequently, an individual patient who changes from a bDMARD to a JAK inhibitor would have two treatment episodes. Only those incident cancers diagnosed at least 6 months after starting a therapy (the "latency period") were counted.

In total, 2,285 JAK inhibitor episodes and 4,259 episodes with biologics were included. Tofacitinib, baricitinib (Olumiant), upadacitinib (Rinvoq), and filgotinib (Jyseleca) were the JAK inhibitors tracked; biologics included the five most common TNF inhibitors, two interleukin-6 blockers, abatacept (Orencia), and rituximab (Rituxan). Median follow-up was 47 months for JAK inhibitors and 50 months for bDMARDs.

Median patient age was just under 60, and three-quarters were women. Roughly half were also taking conventional DMARDs such as methotrexate. Some 60% were current or former smokers. In half the biologic episodes, the drug was the first targeted agent that the patient had received; this was true only for one-quarter of the JAK inhibitor episodes.

It should be emphasized that incident malignancies were rare. Overall, there were 88 during JAK inhibitor episodes and 135 following a bDMARD episode. Moreover, the extra risk found for JAK inhibitors was relatively modest: Schaefer and colleagues calculated a "number needed to harm" of 368, meaning that one would need to treat that number of patients with JAK inhibitors to see one extra cancer.

The researchers also looked at certain subgroups of patients, and some of these appeared to be more at risk from JAK inhibitors, at least numerically. For example, patients meeting the main ORAL Surveillance criteria -- age >50 with one additional cardiovascular risk factor -- faced a 61% higher risk of cancer with JAK inhibitors relative to bDMARDs (HR 1.61, 95% CI 1.22-2.13). This relatively broad confidence interval meant that it wasn't significantly greater than the 1.40 seen in the total cohort.

Also, cancer risk increments with JAK inhibitors increased as treatment continued. During the first 16 months, with the 6-month latency period, there was no difference in cancer incidence between drug types (HR 0.94, P=0.868). But with a 16-month latency period, a significant difference did emerge (HR 1.54, P=0.002).

When comparing JAK inhibitors with non-TNF-targeting agents -- used in 40% of the bDMARD episodes -- there remained a numerical difference between those drugs and JAK inhibitors, but the hazard ratio shrank to 1.30 and fell short of statistical significance. By the same token, when looking only at anti-TNF drugs in comparison with JAK inhibitors, the latter were associated with greater risk (HR 1.54, P=0.007).

Other factors that seemed to drive greater cancer risks with JAK inhibitors included age >60, history of smoking, RA in remission at baseline (but also high RA disease activity), and longer disease duration.

So does all this mean that JAK inhibitors should be avoided? Schaefer and colleagues said no -- people with an uncontrolled inflammatory disease also face increased risks for cancer. It's unclear how this risk compares with the risk from JAK inhibitors.

"Neither the [ORAL Surveillance] trial nor our study were designed to assess whether patients with high disease activity lacking alternative treatment options are at lower malignancy risk with or without a [JAK inhibitor] (and such assessments are difficult to perform for practical and ethical reasons)," the researchers wrote.

If it appears that a JAK inhibitor is the best option to bring a patient's disease under control, it might well represent a good tradeoff in risks. Schaefer and colleagues also pointed out that their number needed to harm with JAK inhibitors, 368, is massively higher than estimates of the number needed to treat to bring RA under control (≤10, they indicated).

Furthermore, no mortality difference between drug types was seen (HR 0.95, P=0.673). "In the absence of differing competing risks of death, this suggests a reasonable overall safety profile," the investigators concluded.

Limitations to the analysis included the lack of data on disease activity during follow-up and the potential for RABBIT participants to be unrepresentative of the population at large. Also, the study focused on RA, although JAK inhibitors may be used for a variety of other conditions including inflammatory bowel disease, making it unclear whether the results can be generalized to these other patient groups. No analyses of individual drugs were performed.

Disclosures

The RABBIT registry is supported by a joint, unconditional grant from AbbVie, Alfasigma, Amgen, Biocon, Bristol Myers Squibb, Fresenius Kabi, Hexal, Eli Lilly, Pfizer, Samsung Bioepis, Sanofi Aventis, and UCB, and previously by Celltrion, Merck Sharpe & Dohme, and Roche.

Authors reported relationships with these and multiple other commercial entities.

Primary Source

Annals of the Rheumatic Diseases

Source Reference: opens in a new tab or windowSchaefer M, et al "Comparative risk of incident malignancies in rheumatoid arthritis patients treated with Janus kinase inhibitors or bDMARDs: observational data from the German RABBIT register" Ann Rheum Dis 2025; DOI: 10.1016/j.ard.2025.05.014.


https://www.medpagetoday.com/rheumatology/generalrheumatology/116297