Susan Morse

3 days ago | clsbluesky.law.columbia.edu | John Coffee |Hillary Sale |Susan Morse |Miriam Baer

Chairman Hagerty, Ranking Member Reed, and members of the Subcommittee. Thank you for inviting me to testify today.[1]I am grateful for the opportunity to discuss the Securities and Exchange Commission, including our important mission on behalf of our fellow citizens, investors, and taxpayers. I also appreciate the opportunity as well to speak to some of my priorities as Chairman.

4 days ago | healthcarefinancenews.com | Susan Morse

Rite Aid is closing an additional 111 stores across 12 states, according to a filing on May 30 in federal bankruptcy court in New Jersey. This is Rite Aid's fourth notice of store closings. The new closings are in Maryland, California, Virginia, Washington, Pennsylvania, New York, New Jersey, Vermont, New Hampshire, Connecticut, Delaware and Oregon. The bulk of the stores are centered in New York and California. Thirty-eight are in California and 28 are in towns and cities in New York State.

4 days ago | clsbluesky.law.columbia.edu | John Coffee |Hillary Sale |Susan Morse |Miriam Baer

In recent years, legal scholars and economists have debated whether the rise of “common ownership” by large institutional investors dampens competition. The concern is that when asset managers such as the Big Three – BlackRock, Vanguard, and State Street – hold stakes in multiple competing companies, they might encourage those firms to compete less aggressively with one another or even collude.

4 days ago | clsbluesky.law.columbia.edu | John Coffee |Hillary Sale |Susan Morse |Miriam Baer

On May 19, 2025, the U.S. Deputy Attorney General issued a memorandum (the “Memo”) announcing a Civil Rights Fraud Initiative (the “Initiative”) and instructing the U.S. Department of Justice (“DOJ”) to pursue False Claims Act (“FCA”) enforcement against “any recipient of federal funds that knowingly violates federal civil rights laws.” The Memo, among other things, includes the following: Establishes an internal DOJ team that will coordinate with other federal and state agencies “to...

5 days ago | healthcarefinancenews.com | Susan Morse

Photo: Alex Wong/Getty ImagesThe White House released its planned 2026 budget for the Department of Health and Human Services on Friday. President Trump's budget proposes $94.7 billion in discretionary budget authority for HHS in 2026, a 27.5% decrease from the $130.7 billion for HHS requested by President Joe Biden in 2025. Under Biden, HHS's budget increased by 38% and staffing by 17%, the report said.