Liz Hoffman

3 days ago | semafor.com | Liz Hoffman

“I have known Jamie a long time and for his entire career he’s made predictions like this. Fortunately, none of them have come true.”That was Treasury Secretary Scott Bessent on CBS Sunday shrugging off Jamie Dimon’s increasingly dire warnings that the bond market might crack under the strain of ballooning national debt and mounting budget deficits.

3 days ago | flipboard.com | Liz Hoffman

NowNew York CNN — A month after the 2018 mass school shooting in Parkland, Florida, Citigroup enacted restrictions for its clients that sold firearms — the first major bank on Wall Street to do so. On Tuesday, the bank rolled back that policy. “We also will no longer have a specific policy as it relates …

4 days ago | semafor.com | Liz Hoffman

The Trump administration is laying the groundwork to roll back rules that require companies to disclose executive use of private jets and bodyguards. The focus of a Securities and Exchange Commission roundtable set for later this month — invitees still TBD — is changing rules on what companies have to tell shareholders about CEO perks, people briefed on its agenda said. The SEC declined to comment. Perks are rounding errors, but growing more quickly than total CEO pay.

4 days ago | flipboard.com | Liz Hoffman

NowThe abortion pill mifepristone is in the crosshairs of politics again, as plaintiffs in several high-profile court cases together with Republican lawmakers push for restrictions. More importantly perhaps, the Food and Drug Administration is reviewing the regulation and labeling of mifepristone, a …

1 week ago | semafor.com | Liz Hoffman

The nightmare scenario for elite universities is here. The flood of White House actions aimed at private colleges can be hard to follow. But think of these universities as companies, and the math gets simpler — and the dangers become stark. Top universities are financial titans, generating investment profits that mirror those of Wall Street firms. They are healthcare companies; the University of Pennsylvania gets half its revenue from the hospitals it runs.