Hims & Hers Health Inc. reported a first-quarter loss and sales that missed Wall Street estimates amid increasing competition in the weight-loss drug market.
Revenue was $608 million, the company said in a statement Monday, below the average analyst estimate of $617.5 million. The company reported a loss of 40 cents a share in the period, compared with profit of 20 cents a share a year ago.
The Spanish Ministry of Health revealed on Monday that one of the 14 quarantined Spanish passengers from the MV Hondius cruise ship has tested provisionally positive for hantavirus in the PCR test that was conducted upon his arrival at Madrid's Gomez Ulla hospital yesterday.
The ministry stated that the other 13 passengers in quarantine have all tested provisionally negative, while the man who tested positive is "currently asymptomatic and his general condition is good." It added that final results will be available "in the coming hours," and that the man was transferred to the High-Level Isolation and Treatment Unit (UATAN) of the hospital.
Earlier today, a French woman evacuated from the same ship in the Canary Islands also tested positive, as did one of the 17 American passengers.
https://breakingthenews.net/Article/One-quarantined-Spaniard-tests-positive-for-hantavirus/66267207
The United Arab Emirates has been conducting military attacks on Iran, despite not acknowledging them publicly, the Wall Street Journal reported on Monday, citing people familiar with the matter.
According to the report, the UAE used Western-made jet fighters to attack Iranian sites, including a refinery on Lavan Island in early April. At that time, Iranian media reported that there was evidence that the UAE was behind the strikes, using a supersonic Mirage fighter jet, but there was no official confirmation from Iran's authorities. However, Tehran is said to have targeted the UAE with over 2,800 missiles and drones, which is more than it launched at any other country.
https://breakingthenews.net/Article/UAE-said-to-have-been-secretly-striking-Iran/66267772
Treasury Secretary Scott Bessent said the department would continue working to isolate the Iranian government from the networks it uses to fund its activities.
Iran sent multiple aircraft to Pakistan’s Nur Khan Air Base, including an Iranian Air Force RC-130 reconnaissance and intelligence-gathering aircraft, days after President Donald Trump announced a ceasefire with Iran in early April, the report adding, citing the officials.
A senior Pakistani official rejected the claim, with CBS News quoting the official as saying: “Nur Khan base is right in the heart of (the) city, a large fleet of aircrafts parked there can’t be hidden from [the] public eye.”
Iran also sent civilian aircraft to Afghanistan, though it was not clear if military aircraft were among them, the report said.
CBS News quoted an Afghan civil aviation officer as saying one Mahan Air civilian aircraft had remained in Afghanistan, while Taliban spokesman Zabihullah Mujahid denied the presence of any Iranian aircraft in the country.
Child care in America has become a significant financial burden. For many families, it now rivals rent, a mortgage, or student loan payments.
Democrats have been framing child care as a key issue for them heading into the midterms. “Child care continues to get more expensive," said Jaelin O'Halloran, a DNC spokesperson. "While Trump and Republicans have offered no plans to follow through on their promises to lower costs, Democrats are focused on bringing down costs and making life more affordable for working families."
"House Republicans are waging a war on the American family — slashing food assistance for kids, health care for families, and billions in education programs," said DCCC spokesperson Aidan Johnson. "The DCCC will ensure voters remember that when they head to the polls this November."
The problem with the Democratic argument is structural: their solutions boil down to subsidies to make things more “affordable.”
The Trump administration thinks that's precisely the wrong prescription and has proposed a plan that largely relies on deregulation rather than subsidies.
The Administration for Children and Families (ACF) at the Department of Health and Human Services is rolling out a sweeping package of new rules and guidance to expand child care choices and reduce costs by streamlining regulations. A notice of proposed rulemaking tied to the effort is set to be finalized within the week, and governors and state legislatures are receiving letters urging them to implement the reforms in ways that directly benefit local families.
The administration frames the effort as a direct response to what one White House official calls a "major cost crunch" facing families with young children. The approach is deregulatory by design, targeting the thicket of compliance requirements, credentialing mandates, and licensing barriers that drive up operating costs for providers — costs that ultimately land on parents.
Another change involves teacher qualification standards. In this new plan, degree and credit-hour requirements for child care workers will be eliminated and replaced with competency-based standards. So instead of academic credentials, the abilities and skills of child care providers will matter.Mandatory staff-to-child ratios and group-size limits will also be loosened, with those decisions given back to parents. The underlying logic is straightforward: regulations that force uniformity inflate costs while locking out anyone who can't afford to comply.
That's particularly true for smaller, faith-based providers. The guidance specifically targets licensing restrictions that have effectively shut out community- and church-based operations, putting them on an unequal footing with large center-based programs. A White House official described current licensing rules as a form of regulatory capture - one that benefits big providers with access to capital and labor while "boxing out" faith-based providers that lack comparable resources. The administration's stated goal is to put faith-based and home-based providers on equal footing with institutional alternatives.
The broader vision is simple: put money in parents’ hands and let them decide. Rather than routing federal dollars into government-approved, center-based programs where bureaucrats pick the winners, the administration wants to expand voucher use — demand-side financing that forces providers to compete for families instead of for contracts. When providers compete, prices fall. When parents choose, quality rises.
“We want to encourage choice and competition for parents through the promotion of voucherization, and we want to ensure that to the maximum extent possible, faith-based and community neighborhood-based providers, including home-based providers, are able to participate in these programs on equal footing,” the White House official said.
The package includes options for families who don't want institutional child care at all. Under current Temporary Assistance for Needy Families (TANF) rules, married couples face stricter work requirements than single parents. This quirk can effectively penalize low-income married couples for having one parent stay home. ACF will clarify through subregulatory guidance that married couples may share TANF work requirements, making it easier for one spouse to reduce hours or step back from work without running afoul of federal rules.
"There are a lot of families, particularly low-income families, who may not necessarily want to drop their child off at a center-based child care provider, or any child care provider, and would prefer to stay at home," the White House official said. "We're trying to increase the amount of flexibility that low-income families can receive to have a part- or full-time stay-at-home parent to watch their child within the home."
Local media in Tulsa, Oklahoma, report that the HF Sinclair refinery, which has a crude-processing capacity of 125,000 barrels per day, has suffered a fire. This comes just days after another refinery fire in the New Orleans area.
Fox 23 News reports that the Tulsa Fire Department is currently on the scene after a fire broke out at the refinery in West Tulsa earlier today.
The refinery is critical because it primarily processes sweet crude, can handle some sour Canadian crude, and markets refined products to the Mid-Continent states. Its products include gasoline, diesel, jet fuel, renewable diesel, lubricants, specialty chemicals, and asphalt.
Neither the outlet nor local authorities have released information about what caused the fire or whether any components at the refinery were damaged.
Any prolonged outage at the HF Sinclair refinery in Tulsa could affect regional supplies of gasoline, diesel, and jet fuel across Oklahoma and the nearby Plains/Mid-Continent states.
HF Sinclair is a top independent refiner that operates seven facilities with a total crude-processing capacity of about 678,000 barrels per day.
On Friday, PBF Energy's 190,000-barrel-per-day Chalmette refinery outside New Orleans suffered a major fire.
There has been a notable uptick in "refinery fire" news stories, according to Bloomberg data, whether those stories are from Eastern Europe, the Middle East, or the U.S.
Latest on refinery fires:
A series of refinery fires is an unwelcome development at a time when refined product inventories remain tight worldwide and the Hormuz chokepoint remains heavily disrupted.
https://www.zerohedge.com/energy/fire-erupts-hf-sinclair-refinery-tulsa
