UnitedHealth confronted with Medicare to analyze the DOJ in opposition to Medicare

Unitedhealth Group On Thursday it reveals that the Ministry of Justice is examined via its Medicare -Billing practices, which leads to a series of setbacks for a company that has the largest and most powerful private insurer in the country.

In a securities registration, the company stated that it complied with formal criminals and civilian inquiries from the Doj and that it turned to the department after reports on the probes appeared. Unitedhealth also announced that it started a review of his business policy and performance metrics from third -party providers.

The company announced CNBC that it expected to complete this review towards the end of the third quarter.

In the submission, Unitedhealth said that it has “full confidence in its practices and is committed to cooperative with the department in this process.”

The UnitedHealth Group's shares decreased by 2% on Thursday. The company's managers will probably ask themselves questions about the probe during his profit in the second quarter on July 29.

Jared Holz, Mazoho Securities Health Care strategist, said on Thursday in an email to customers that the announcement was “not shocking”, but stated that the company had previously refused to investigate doj. He said Unitedhealth's decision to admit the probes and work with the department, “everyone sounds logical when it progresses with a new CEO”.

The company announced the abrupt departure of the former CEO Andrew Witty in May.

The announcement of Unitedhealth on Thursday, after the Wall Street Journal in May, comes that the Ministry of Justice conducts a criminal investigation by the health giant about possible medical fraud. In response to the fact that the company is “due to the integrity of our Medicare Advantage program”.

In July, the journal also reported that the Doj asked several doctors about Unitedhealth practices and whether it felt forced to raise claims for certain conditions that strengthened the payments from the Medicare Advantage program to the company.

This was the second time this year that the insurer's Medicare Advantage business was examined. The journal also reported in February that the DOJ carried out a civil law investigation as to whether the company had inflated diagnoses to trigger additional payments for its Medicare Advantage plans.

On Thursday, Unitedhealth said that independent audits of the Centers for Medicare and Medicaid Services “confirm” that the company's practices are “one of the most precise in the industry”.

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In March, Unitedhealth also referred to a recommendation of a special master in favor of the company in a year -long legal dispute with the Doj, which started with a whistleblower, which claimed that the company had illegally held back at least 2 billion US dollars via the Medicare Advantage program. The special master assigned by a judge told the case that the Doj had no evidence.

The Medicare and Retirement segment of Unitedhealthcare, which includes the Medicare Advantage Business, is the largest sales driver of the Unitedhealth Group, which has achieved sales of $ 139 billion last year.

The update in the probe takes place after a turbulent last year for Unitedhealthcare. Shares of the parent company of Unitedhealthcare, Unitedhealth Groupare announced more than 42% for the year after it had exposed its forecast from 2025 in the midst of medical costs, Witty's surprise outcome was announced and dealt with the reported probes in his Medicare Advantage business.

The company of the company in 2024 was not easier, characterized by a historical cyber attack and the electricity of public blowback after the murder of the CEO of Unitedhealthcare, Brian Thompson.

– Bertha Coombs from CNBC contributed to this report.

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The belief of the principle road within the Trump economic system has additionally expired beneath Democrats

Chip Somodevilla | Getty Images News | Getty pictures

It is often said that the economic reality in Main Street does not match the mood on Wall Street, but at the moment small business owners fits with increasing trust after a rocky start to 2025.

After a significant decline in the trust of the small business in the second quarter in relation to President Trump's political explanations of President Trump, almost half of the small business owners (46%) now say that according to the quarterly CNBC | Surveymonkey survey of 30% in the second quarter of 30% is “excellent” or “good” compared to the second quarter.

The improved feeling extends across party borders. 24% of small business owners who are democrats who describe the economy as good or excellent of 8% in the second quarter. A similar increase in republican small business owners increased, with 67% being a positive overview of the economy and 15 points higher than in the previous quarter.

The CNBC | Surveymonkey Small Business Confidence Index rose from 51 in the previous quarter to 56 – which Trump's lowest brand was in this survey, except during the Covid outbreak of his first term. The biggest step was under Democrats, among which the mood in the previous quarter improved from 33 to 41. The trust of the Republicans was a steady quarter over the quarter at the age of 68, while the independent people were 47 close to the previous quarter (45).

“Small entrepreneurs who identify as Democrats report on the greatest increase in the mood,” said Sam Gutierrez, Senior Research Scientist at Surveymonkey. “They are much more optimistic about terms and conditions compared to the previous quarter. Optimism also seems to rise among republican business owners: Less now thinks that the country is getting into a recession.”

The survey audience is a representative sample of small businesses in the United States, which conservatively distorts in political identification. The online survey was carried out by Surveymonkey from July 7th to 10th, 2025 under a national sample of 1,900 self-identified small business owners aged 18 and over.

The improved mood has led to a higher approval for President Trump. With confidence among the small entrepreneurs in relation to his handling of the task of the presidency, the chair increased from 48% in the second quarter to 57% in this quarter, although the partisan gap remains wide. 90% of Republicans expressed support and only 18% of the Democrats.

In most basic measurements of business confidence, the numbers have increased: 44% describe the current terms and conditions as good, of 36% in the previous quarter. Over half (51%) of small companies expect sales over the next 12 months, compared to 41% in the second quarter. 28 percent state that they will increase the headquarters over the next 12 months, compared to 22% in the second quarter.

At the same time, an increasing percentage of small business owners, especially the generations of gene Z and Millennial, use more AI and quickly find a positive impact on business and consequently expects less attitude over time.

Economic fears have not completely disappeared. In fact, concerns about the recession and tariffs remain high among most small business owners. But they go down. Those who believe that the country is on the way to a recession is now 61% of 70% in the second quarter. Fewer small business owners state that they were affected by tariffs or that in the future 66% will be 59% in the second quarter.

Fewer small business owners now call tariffs than their greatest risk of 17% in the second quarter to 10% in a quarter. Inflation remains the greatest concern of small business owners, with a little more than one of five (22%) rising prices, followed by the demand from consumers (18%).

“Small business owners feel more secure overall. As fears about the effects of tariffs after deposits after a severe decline in the last quarter, there are an upswing in business performance,” said Gutierrez.

But when the fears of trading policy decrease, the concerns about the demand from consumers in Main Street are right with a Wall Street care. For example, Goldman Sachs expects the US economy to slower due to tariffs and inflation and its effects on consumer expenditure. “Even a one -time price increase is eaten in a real income at a time at a time when the trends of consumer expenditure already look shaky,” wrote the chief economist by Goldman, Jan Hatzius, in a recent note to customers.

The survey data are near the first quarter to re -election, but before he unveiled the collective bargaining policy, which shook the market and led to a widespread uncertainty among the companies in April. Now views on government policy are also tended in a positive direction:

In the past quarter, 44% of the business owners expected state regulations over the next 12 months that would have a negative impact on their business. That has now dropped to 36%.

The views of trade policy have also improved, and 40% of the business owners stated that this will have negative effects next year, which has 51% compared to this view in the last quarter.

And when President Trump passed his signature tax and expenditure calculation, the percentage of small business owners who are negative in the next year would be 37% back to 32%.

Even if the figures of the small business owners are improving, the support for tariff policy according to partisan peaks remains strongly divided. Trump's tariff policy supports one -hour percent of republican respondents, while 87% of the Democrats oppose. Small entrepreneurs who identify themselves as independent are much closer to the Democrats in the tariffs. 71% stated that they are against it.

On Wednesday, August 6th at 2 p.m., take the free virtual event of CNBC Small Business Playbook and receive essential strategies for entrepreneurs to adapt, grow and thrive in today's economy. Register here: https://bit.ly/4koowas

Texas Devices (TXN) inventory falls on weak forecast

The Texas Instruments headquarters in Dallas, Texas, on Jan. 21, 2024.

N. Johnson | Bloomberg | Getty Images

Texas Instruments reported second-quarter results on Tuesday that beat analysts’ expectations for revenue and earnings. But the stock fell in extended trading due to a third-quarter forecast that missed estimates.

Here’s how the chipmaker did versus LSEG consensus estimates:

  • Earnings per share: $1.41 vs. $1.35 expected
  • Revenue: $4.45 billion vs. $4.36 billion expected

Texas Instruments said it expects current-quarter earnings between $1.36 and $1.60 per share, while analysts were looking for $1.50 per share. The company forecast revenue of $4.45 billion to $4.8 billion, for a midpoint of $4.625 billion. Analysts were expecting revenue of $4.59 billion.

Revenue increased 16% in the second quarter from $3.82 billion in the same period a year earlier. Sales in the company’s analog chip business, its largest, rose 18% to $3.5 billion, surpassing the StreetAccount estimate of $3.39 billion for the segment.

Net income rose 15% to $1.3 billion, or $1.41 per share, from $1.13 billion, or $1.22 per share, a year ago.

Texas Instruments is a key supplier of legacy semiconductors for automotive and industrial uses.

As of Tuesday’s close, Texas Instruments shares were up 15% for the year on broader market optimism for chips. In June, the company said it would spend $60 billion to expand chipmaking factories in Texas and Utah, a move that was praised by the Trump administration in its push to bring more technology manufacturing to the U.S.

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John Brennan Refuses To Be Intimidated By Trump Threats

As the mainstream media crumbles, PoliticusUSA can stand tall thanks to your support. Please consider supporting us by becoming a subscriber.

The best way to fight back against an imperial president who is determined to rewrite history through bullying threats and intimidation is not to yield.

Former CIA Director John Brennan is one of four former intelligence officials who have been referred to the DOJ for prosecution because they wrote reports and signed letters about Russia interfering in the 2016 election to help Donald Trump.

On MSNBC’s Deadline: White House, Brennan defended the intelligence:

 Anybody who looks at the intelligence assessment and the work that was done will see that it was very carefully worded, meticulously done, and it stands up to scrutiny and to the test of time. As you pointed out, there have been numerous reviews about it, and it didn’t say any of the things that tools Gabbard alleges it said or didn’t say.

And I, I really do encourage people to read it because it was very clear in terms of what it said that the Russians were using at President Putin’s direction influenced operations to try to denigrate Hillary Clinton, try to increase the prospects for Donald Trump’s selection, and also just to undermine the integrity of our election system.

And again, those were the primary judgements. Again, they are ones that certainly I and others who were involved continue to stand behind.

Video:

Brennan also discussed why he thought that Tulsi Gabbard released the memo:

Malcolm-Jamal Warner on Legacy in Remaining Interview Earlier than Demise

More insight into Malcolm-Jamal Warner‘s final days have been uncovered. 

Two months before his tragic passing following an accidental drowning, the Cosby Show alum—who played Theodore Huxtable on the NBC sitcom—gave his final public interview, in which he got candid about how he hoped to be remembered after he died. 

“I will be able to leave this earth knowing and people knowing that I was a good person,” Warner said of his legacy during a May 21 episode of the Hot & Bothered with Melyssa Ford podcast. “[My dad] said to me often, ‘You know people love you, and people [are] always talking about your career and your success and all of that, but what really makes me the most proud is that you are a good person.'”

Additionally, he wished his career in Hollywood would have a lasting impact. After all, Warner has accomplished the rare feat of starring on several major series following the blockbuster success of The Cosby Show, including Reed Between the Lines and The Resident. 

Weight reduction medication may assist deal with PCOS

Wegovy injection pens arranged in Waterbury, Vermont, US, on Monday, April 28, 2025.

Shelby Knowles | Bloomberg | Getty Images

For well over a decade, Grace Hamilton, 27, experienced hair loss, heavy periods, infrequent menstrual cycles, mental health issues and difficulty losing weight without knowing why. It wasn’t until 2023 when she was diagnosed with polycystic ovary syndrome, or PCOS, a hormonal disorder common among women of reproductive age.

After she saw limited improvements from birth control, diet and exercise, Hamilton joined a trial in 2024 examining a GLP-1 drug in PCOS patients. By October, she received her first weekly dose of semaglutide, the active ingredient in Novo Nordisk‘s obesity injection Wegovy and diabetes shot Ozempic.

She said some results were almost immediate: after months without a cycle, her period resumed within two weeks of starting the drug. After 10 months on the treatment, Hamilton lost 50 pounds, saw hair regrowth and reported significant improvements in depression and anxiety

“I’m so glad that I stuck with it because it was just clear as day that it was the missing link for me,” said Hamilton, who works at a nonprofit in Arvada, Colorado, adding that she maintained diet and exercise while on the drug. 

She is just one of several women who have reported improvements in symptoms of PCOS after using GLP-1s, a growing class of obesity and diabetes treatments that have drawn massive patient demand and investor buzz over the last few years. Treating PCOS is among several new but unapproved potential uses of the blockbuster drugs beyond promoting weight loss and regulating blood sugar.

Grace Hamilton, a patient with PCOS talking GLP-1s in Galway, Ireland.

Courtesy: Addison Peacock

PCOS, which is frequently underdiagnosed, affects an estimated 5 million to 6 million women of reproductive age in the U.S., according to some estimates. 

The condition is typically characterized by higher levels of testosterone and other hormones usually associated with men called androgens, which can leads to symptoms such as irregular and painful periods, excess hair growth and acne. PCOS is the most common cause of infertility. 

The condition is strongly linked to metabolic issues, as an estimated 35% to 80% of patients experience insulin resistance. That means the pancreas pumps out more insulin to keep blood sugar in check, and high insulin levels can promote weight gain and disrupt hormone balance. A significant share of women with PCOS have obesity or Type 2 diabetes. 

Yet there’s no standard PCOS treatment. Current options like birth control, lifestyle changes and the diabetes drug Metformin may only help with certain symptoms, which could differ depending on the patient. 

But some health experts see promise in GLP-1s, particularly given their effect on improving weight loss and insulin sensitivity. 

“The unmet need is massive,” said Dr. Melanie Cree, a pediatric endocrinologist at Children’s Hospital Colorado. “Primary therapies used for PCOS symptoms haven’t changed in nearly 50 years.”

Cree has been studying the effect of GLP-1s in adolescents with PCOS for more than 10 years. She previously studied the oral form of semaglutide and has an ongoing clinical trial on the injectable version, which is what Hamilton participated in for 10 months. 

But her studies are still small in comparison to drugmakers’ previous clinical trials on GLP-1s with thousands of patients. Not all of the women who have so far completed Cree’s ongoing study lost significant weight, demonstrating that not everyone may respond to GLP-1s.

Novo Nordisk and rival Eli Lilly have been studying their GLP-1s as potential treatments for other chronic conditions like fatty liver disease, but not PCOS. Cree said that’s because the Food and Drug Administration has not established specific “endpoints” or goals drugs must meet in clinical trials to demonstrate how effective they are for PCOS. 

In a statement, a Novo Nordisk spokesperson said the company welcomes “independent research investigating the safety, efficacy and clinical utility of our products, including semaglutide.” Eli Lilly did not immediately respond to a request for comment. 

Conducting longer and larger trials to better understand the effect of GLP-1s on PCOS symptoms is crucial, said Sasha Ottey, executive director of the advocacy group PCOS Challenge. It is still unclear if GLP-1s can help address or resolve all PCOS symptoms, or whether the effect differs depending on a patient’s age or the specific drug, Ottey said. 

She added that certain patients may not lose weight on GLP-1s, and others may not need to shed pounds.

Meanwhile, insurance coverage for GLP-1s is a barrier for some PCOS patients, who are often eligible for approved uses of the drugs. Most plans cover GLP-1s for diabetes, but not for obesity or unapproved uses. The drugs can cost roughly $1,000 per month before insurance. Still, Eli Lilly and Novo Nordisk offer significant discounts on their drugs to some patients who pay for it out-of-pocket.

Why GLP-1s may address PCOS symptoms 

More research is needed to fully understand why GLP-1s may help some PCOS patients, but Cree said their effect on symptoms appears to be largely indirect. 

She said a key finding in several previous studies motivated her to start studying GLP-1s: In adults with PCOS, losing as little as 5% of body weight can improve insulin sensitivity.

That makes the body respond better to insulin, so it doesn’t need to produce as much of it to manage blood sugar. That lowers insulin levels, which Cree and some researchers believe causes the ovaries to produce less testosterone and, as a result, can help reduce symptoms such as irregular periods, acne and excess hair growth. 

“One of the questions was, what other methods do we have to improve insulin sensitivity?” Cree said. She noted that other recommended treatments for PCOS symptoms, such as food changes, increasing exercise and the diabetes drug Metformin, are based on that goal.

GLP-1s such as semaglutide improve insulin sensitivity and reduce appetite through several mechanisms. That includes slowing how quickly food leaves the stomach, prompting the pancreas to release insulin when blood sugar is high and suppressing the release of a hormone that raises blood sugar.

The weight loss caused by GLP-1s further helps improve insulin sensitivity. 

Daniel Grill | Tetra Images | Getty Images

Early results from Cree’s ongoing study support the idea that GLP-1s may lower testosterone. 

The trial, which began in 2023, follows girls and women ages 12 to 35 with obesity and PCOS who are on or off Metformin. The study is designed to administer semaglutide to patients for 10 months, and examine their weight loss, metabolic changes and improvements in reproductive function. 

Cree hopes the trial will answer whether GLP-1s can improve ovulation in women with PCOS. Many women with PCOS don’t ovulate regularly, which can lead to irregular periods and difficulty getting pregnant.

Cree has initial data on 11 women who completed the 10 months on semaglutide and were not on Metformin. She said eight of them lost more than 10% of their body weight and saw a reduction in their testosterone levels. 

Five out of the eight patients had their testosterone levels reach “normal ranges,” Cree said. Meanwhile, six out of the eight patients reported more regular periods. 

Cree said her trial will eventually have data from 40 women, but she is still enrolling patients in the group that takes Metformin. She said it will likely take two years before she publishes the first results from the study, which will focus on the differences in outcomes between kids and adults who only received semaglutide. 

She said comparing the groups is crucial because hormones that control growth are released during puberty, which could change how kids respond to GLP-1s. 

Not all women with PCOS will benefit from taking a GLP-1. Cree said in her trial, three patients who completed 10 months on semaglutide did not lose at least 10% of their body weight. One of those women did not lose weight at all, she said. 

Cree said that’s consistent with previous studies on GLP-1s in adults with obesity. 

Despite the promise of GLP-1s in improving symptoms, more research is also needed on PCOS itself, said Dr. Karen Tang, an OB-GYN and founder of Thrive Gynecology. She said some people can experience hallmark symptoms of the condition, such as facial hair and acne, even though they have normal levels of testosterone. 

“There’s still a lot that’s very much unknown about PCOS and exactly how the disease kind of works,” Tang told CNBC. 

GLP-1s give some patients a big boost

Anecdotal evidence suggests GLP-1s may address more than just weight issues for people with PCOS. In a recent survey of 1,700 people by the birth control app Natural Cycles, 64% of women with PCOS who took a GLP-1 reported more predictable periods, and 20% said their bleeding days were shorter.

Some patients with PCOS may also lose more weight on GLP-1s than those without the condition, said Dr. Kerry Krauss, an OB/GYN and medical director at Natural Cycles, who has PCOS herself.

Research needs to confirm those benefits, but she said it gives hope to many PCOS patients who are frustrated with common treatments for the condition. Those options typically target just one aspect of PCOS, such as reducing androgen levels with certain types of birth control. 

Tang added that diet and exercise alone often fall short of addressing symptoms: “A lot of people can exercise very aggressively and regularly or watch what they eat and still struggle with hormone imbalances, weight, and blood sugar.”

Haley Sipes a patient with PCOS taking GLP-1s.

Courtesy: Haley Sipes

That was the case for Haley Sipes, a 31-year-old mother of three based in Western Kentucky who experienced PCOS symptoms for years without a diagnosis. In 2022, before being diagnosed, she lost 75 pounds over 10 months through diet and exercise alone. 

Her progress stalled in late 2022 despite an intense diet and exercise regimen, and her weight began to fluctuate in 2023. By mid-2024, she had regained about 30 pounds. 

Sipes sought help from her primary care provider and underwent blood work, which revealed she had a hormonal imbalance. Initial efforts to regulate her hormones with progesterone and testosterone had a limited effect.

Further bloodwork diagnosed Sipes with PCOS and insulin resistance, which she views as the root cause of her weight loss struggles. She recalled bloating, fatigue, low energy, and water retention during earlier efforts to lose weight.

Despite her history of painful, irregular periods and ovarian cysts since age 10, her providers never mentioned PCOS as a possible diagnosis.

In September 2024, her doctor prescribed Zepbound. Her insurance covered it due to her BMI and prediabetes status.

Sipes said she noticed changes within the first month: her food cravings quieted, her inflammation decreased, she experienced less joint pain, and her period became less painful and occurred more regularly. Sipes added that she has not had ovarian cysts since starting Zepbound. 

After around eight months on the medication, she lost more than 60 pounds. Sipes said those results significantly improved her emotional health.

“All the symptoms and being overweight might not seem like big things, but when you have 20 little things that are constantly nagging you, then you’re going to be in a bad mood sometimes,” Sipes said. 

“I’m just a better version of myself when I’m not controlled by food thoughts and hormonal issues that cause mood swings,” she continued. “My life does feel so much more enjoyable.”

Sipes plans to continue taking Zepbound to maintain her results, possibly at lower doses. She noted that more research is needed on whether PCOS symptoms can fully resolve.

Insurance coverage is a challenge

Insurance coverage is currently the biggest hurdle preventing PCOS patients from accessing GLP-1s, said Dr. Alyssa Dominguez, an endocrinologist with Keck School of Medicine at the University of Southern California. She said many PCOS patients are eligible to use GLP-1s for their approved uses based on BMI or related conditions, but may not have coverage. 

More than one-third of employers now cover GLP-1s for both weight loss and diabetes, while 55% only cover them for diabetes, according to a recent survey from the International Foundation of Employee Benefit Plans. 

In April, President Donald Trump rejected a Biden administration plan that would have required Medicare and Medicaid to cover obesity drugs.

Nabeelah Karim is a patient with PCOS who took GLP-1s to manage her symptoms.

Courtesy: Nabeelah Karim

Some patients, like 34-year-old California mom Nabeelah Karim, have turned to other options. 

Karim was diagnosed with PCOS at 19 and took birth control on and off until giving birth in 2021. She said she struggled with hair loss, irregular periods, debilitating cramps, facial hair growth, severe water retention and mood swings. 

Karim said her period symptoms worsened after she gave birth, and in late 2023, she began what would be a painful five-month-long period. Doctors suggested that she lose weight, take painkillers or return to birth control. 

While Karim lost some weight through diet and exercise, she was eventually prescribed Eli Lilly’s diabetes drug Mounjaro through the digital health startup Noom in April 2024. 

Her long period stopped and symptoms eased within days, and she began to lose more weight over time. 

“It had solved all the problems that I had experienced for years up until that point,” Karim said. 

But her insurance plan never formally approved or denied coverage of Mounjaro, forcing her to pay its more than $1,000 per month out-of-pocket price. She eventually found a third-party compounding pharmacy that accepted her prescription, allowing her to buy a cheaper but unapproved version of the drug. 

Karim used that compounded version for six months and continued to experience weight loss and improvements to her PCOS symptoms. 

During FDA-declared shortages, pharmacists can legally make compounded versions of brand-name medications. They can also be produced on a case-by-case basis when it’s medically necessary for a patient, such as when they can’t swallow a pill or are allergic to a specific ingredient.

But Novo Nordisk, Eli Lilly and some health experts have pushed back – and in some cases, taken legal action – against the practice, largely because the FDA does not approve compounded drugs. The FDA has declared U.S. shortages of both companies’ drugs over. 

“When people ask about how safe compounded drugs are, the answer I typically give is I don’t know,” said Dominguez from USC’s School of Medicine. She said that’s unlike branded drugs, which have clearly defined risks and benefits proven in clinical trials.

Hamilton, the 27-year-old patient who took a GLP-1 for PCOS symptoms, has never taken a compounded GLP-1. She is currently appealing her insurer’s denial of semaglutide now that she has completed Cree’s trial. 

“My whole life has been an inability to access care for my medical condition, and I’m tired of that,” she said. “If somebody would have been able to provide 11-year-old Grace with this drug, that would have saved me.”

Worldwide inbound journey to U.S. exhibits blended restoration

A passenger passes a giant American flag as they make their way to and from their gates during the Memorial Day weekend getaway at John Wayne Airport Orange County in John Wayne Airport, Santa Ana, CA on Thursday, May 26, 2022.

Allen J. Schaben | Los Angeles Times | Getty Images

Canadian travel dropped sharply in the first half of 2025, according to numbers by U.S. Travel Association.

Visits from Canada dropped by nearly 19% over the same time period last year, dragging overall international visits lower by 3.4%.

That equates to a decline of $1.9 billion in travel spending. June was especially rough, with Canadian visitation down more than 26%, the association said. 

The punch to the travel and tourism industry was mitigated by a noticeable increase in visitors from Mexico. The month of June and the first half of the year saw notable increases of 14.8% and 12.5%, respectively, according to the U.S. Travel Association. Those 940,000 visits from Mexican travelers equated to just shy of half a billion in travel spending. 

“This initial look at first-half 2025 data shows that while travel continues to be a priority, broader economic concerns remain on consumers’ minds. Amid a rapidly evolving global environment, international visits to the U.S. have been resilient across most markets—with the notable exception of Canada, our largest inbound source,” the U.S. Travel Association said in an email to CNBC.

Major travel companies Hilton, Wyndham and Travel and Leisure, which have been closely watching the change in visitors, are all reporting earnings next week.

Las Vegas is also reporting a decline in international visitors from Mexico and Canada, which may show up in results for casinos like Caesars, MGM, Boyd and Red Rock Resorts.

The travel industry has been concerned about a big cut in President Donald Trump’s tax-and-spending law that slashes spending on marketing and promotion of U.S. destinations overseas, and increases fees for travel visas, which may be especially problematic ahead of the World Cup next year.

— CNBC’s Dawn Giel contributed to this report.

Elizabeth Warren targets worth gouging and Trump tariffs in new invoice

With expectations that prices will rise throughout the economy over the summer as more tariffs stack up, a group of legislators on Capitol Hill, highlighted by Senator Elizabeth Warren (D-Mass.), introduced a bill to target price gouging by the market’s biggest companies.

The Price Gouging Bill of 2025 — introduced on Thursday by Warren along with Senator Tammy Baldwin (D-Wisc.), Rep. Jan Schakowsky (D-Illinois), and Rep. Chris Deluzio (D-Pa.) — would make price gouging illegal and give the Federal Trade Commission and state attorneys general the power to litigate alleged abuses of market power.

The proposed legislation comes just days after the June consumer price index showed a resurgence of inflation and as the tariffs toll continues to grow.

Warren says that in the past, big corporations have taken advantage of market shocks, hiding behind factors like inflation and supply chain disruptions to raise prices excessively, but this time the culprit is President Trump’s global trade war.

“Donald Trump’s reckless tariff policies are giving companies cover to squeeze families and raise prices more than necessary. My bill is an opportunity for Congress to stand up for families by cracking down on price gouging and fighting back against corporate abuse,” Warren said in a statement.

The text of the bill, as seen by CNBC, lists “abrupt trade policies” and “exceptional market shock” as factors to be considered in analysis of price increases.

A version of the bill introduced last year, The Price Gouging Prevention Act of 2024, did not specify trade policies. That legislation, sponsored by Warren along with former Senator Bob Casey (D-Pa.) was introduced in February 2024, but failed to pass. Casey lost his Senate seat in the 2024 election to Republican David McCormick.

The price gouging bill would require companies with over $100 million in revenue to publicly report in Securities and Exchange Commission filings on any changes in pricing that exceed the average price in the past 120 days before the reporting period, and provide details on product costs and margins. Businesses with less than $100 million in revenue would be protected from price gouging litigation if they show legitimate cost increases.

The bill would allocate an additional $1 billion in funding to the Federal Trade Commission to enforce the price gouging law.

“The biggest corporations in our country jack up the cost of everyday household items, take in record profits, and give their executives huge bonuses – all on the backs of hard-working Wisconsin families,” said Senator Baldwin in a statement. “Donald Trump claimed he would lower prices – so far, he has done just the opposite and is even opening the door to more price gouging. … Our bill will finally crack down on corporate greed and help stop those big companies at the top of the food chain from sticking families with exorbitant costs,” she stated.

In second-quarter earnings calls, companies from Costco to Best Buy and Newell Brands cited tariffs as a reason for price increases. Many companies, including Levi Strauss, have indicated that price increases related to tariffs will not be uniform across product lineups, and some costs will be absorbed rather than passed along. But most companies do expect pricing to move higher over the summer as more layers of tariffs from around the world are added, a position that Federal Reserve has also stated as its view.

Fed Chair Jay Powell said at the June FOMC press conference, “Everyone that I know is forecasting a meaningful increase in inflation in coming months from tariffs because someone has to pay for the tariffs. It will be someone in that chain that I mentioned, between the manufacturer, the exporter, the importer, the retailer, ultimately somebody putting it into a good of some kind or just the consumer buying it. All through that chain, people will be trying not to be the ones who can take up the cost but ultimately, the cost of the tariff has to be paid. And some of it will fall on the end consumer.”

Deluzio said price increases are a result of “out-of-control” corporate power. “Prices are still too high, and inflation is still pounding folks,” Deluzio said in a statement. “Especially now, we need to rein in monopolists and other huge corporations with the power to price-gouge the American people,” he added.

The AFL-CIO and United Steelworkers both voiced support for the bill and told CNBC that the bill is long overdue.

Price gouging policy has been criticized on both the right and left in recent history. During Kamala Harris’s run for the presidency, Obama economic advisor Jason Furman told the New York Times that a plan to ban grocery store “price gouging” was not sound economics. “This is not sensible policy, and I think the biggest hope is that it ends up being a lot of rhetoric and no reality,” he told the Times. “There’s no upside here, and there is some downside.”

During a heated CNBC interview in August 2024 about the same Harris plan, Warren said three dozen states, including Florida and Texas, already have price gouging laws and have used them effectively. These state laws are often focused on natural disaster scenarios and acute shortages of goods and services.

“Pricing gouging laws are not price controls. Price gouging laws are there to say that sometimes markets go off the rails and when they do we need some ways to get them back on the rails. We need some curbs on that behavior,” Warren said during the August 2024 “Squawk Box” interview.

Sen. Warren on Harris' price gouging plan: Consumers need to know they've got somebody on their side

The issue has been a long-time focus for Warren, who, along with Casey, sent a letter to Kroger CEO Rodney McMullen in August 2024 questioning the grocer’s rollout of electronic shelf labels, arguing the technology could make it easier to increase prices of high-demand items.

In separate price gouging accusation last November in the days leading up to the election, Warren, along with Sen. Adam Schiff (D-Calif.), sent a letter to the Federal Trade Commission and the Department of Agriculture calling on the agencies to investigate Albertsons and its subsidiaries Safeway and Vons for mislabeling items sold by weight, including produce, meat and baked goods and unlawfully charging customers prices higher than their lowest advertised or posted price. A month prior, Safeway, Albertsons, and Von paid nearly $4 million to resolve allegations of price gouging and false weight advertising in California.

Co-sponsors of the new bill include Senators Richard Blumenthal (D-Conn.), John Fetterman (D-Pa.), Andy Kim (D-N.J.), Ed Markey (D-Mass.), Jeff Merkley (D-Oregon.), Bernie Sanders (I-Vt.), Elissa Slotkin (D-Mich.), and Sheldon Whitehouse (D-R.I.). In the House, sponsors include Representatives Angie Craig (D-Minn.), Maggie Goodlander (D-N.H.), Hank Johnson (D-Ga.), Ro Khanna (D-Calif.), Eleanor Holmes Norton (D-D.C.), Jerry Nadler (D-N.Y.), Mary Gay Scanlon (D-Pa.), Rashida Tlaib (D-Mich.), and Paul Tonko (D-N.Y.). 

In an interview on CNBC’s “Squawk Box” on Thursday morning before the bill was introduced, Warren weighed in on several other big topics in politics, including Trump’s attacks on Federal Reserve Chair Jay Powell and the New York mayoral race, explaining her support for the policies that Democratic Party candidate Zohran Mamdani ran on.

Sen. Warren on Zohran Mamdani: He's willing to try new ideas to bring down costs for New Yorkers

TSMC revenue surges 61% to document excessive fueled by AI chip demand

A motorcycle is seen near a building of the Taiwan Semiconductor Manufacturing Company (TSMC), which is a Taiwanese multinational semiconductor contract manufacturing and design company, in Hsinchu, Taiwan, on April 16, 2025.

Daniel Ceng | Anadolu | Getty Images

Taiwan Semiconductor Manufacturing Company on Thursday reported a near 61% year-on-year rise in second-quarter profit, hitting a record high and beating estimates, as demand for artificial intelligence chips stayed strong.

The world’s largest contract chip manufacturer forecast third-quarter revenue between $31.8 billion and $33.0 billion — a 38% year-over-year increase and 8% higher from the prior quarter at the midpoint. 

TSMC CEO C.C. Wei said in the earnings call that the company expects its full-year 2025 revenue to rise by around 30% in U.S. dollar terms, supported by growth in artificial intelligence and demand for its most advanced technologies.

Here are the company’s results versus LSEG SmartEstimates:

  • Revenue: 933.80 billion new Taiwan dollars ($31.7 billion), vs. NT$931.24 billion expected
  • Net income: NT$398.27 billion, vs. NT$377.86 billion 

TSMC’s net revenue in the June quarter rose 38.65% from a year ago to NT$933.80 billion, also beating estimates.

The company’s shares were up over 4% at 4:30 a.m. ET on trading platform Robinhood.

TSMC’s high-performance computing division, which encompasses artificial intelligence and 5G applications, drove second quarter sales, contributing 60% of revenue. That share of HPC revenue was up from 52% in the same period last year.

TSMC has benefited from the artificial-intelligence megatrend as it manufactures advanced AI processors for clients including Nvidia and Apple.

“The primary driver of growth for TSMC has been the robust demand for AI related chips, particularly for the leading edge nodes below 7nm,” said Brady Wang, associate director at Counterpoint Research.

In semiconductor technology, smaller nanometer sizes signify more compact transistor designs, which lead to greater processing power and efficiency. TSMC said advanced chips, with sizes 7-nanometer or smaller, accounted for 74% of TSMC’s total wafer revenue in the quarter. 

“Surging demand from the AI boom is highly sustainable in the near term, with AI still in its very beginning stages and continues to expand across industries,” Wang added.

However, the company faces potential headwinds from the trade policy of the U.S. President Donald Trump, who has threatened steep “reciprocal tariffs” on Taiwan.

Taiwan faces 32% tariffs announced in April and is in the midst of trade talks with the U.S., according to local media reports. Trump earlier this month also warned of potential additional tariffs on semiconductors.

“Looking into second half of 2025 we have not seen any change in our customers behavior so far. However, we understand there are uncertainties and risk from the potential impact of tariff policies,” Wei said on Thursday.

U.S. export controls have also restricted TSMC’s business with China, as well as that of its key clients Nvidia and AMD. However, amid a thawing of trade relations between Beijing and Washington, Nvidia and AMD said earlier this week that they had received government assurances allowing them to ship products to China. 

Other headwinds facing TSMC in the second half of the year include appreciation of the Taiwan dollar and potential order cuts from smartphone and PC clients due to global macro conditions, said Sravan Kundojjala, an analyst at SemiAnalysis specializing in global foundries.

Whoop says FDA is ‘overstepping’ with blood strain function warning

The logo for the Food and Drug Administration is seen ahead of a news conference on removing synthetic dyes from America’s food supply, at the Health and Human Services Headquarters in Washington, DC on April 22, 2025.

Nathan Posner | Anadolu | Getty Images

The U.S. Food and Drug Administration on Tuesday published a warning letter addressed to the wrist wearable company Whoop, alleging it is marketing a new blood pressure feature without proper approvals.

The letter centers around Whoop’s Blood Pressure Insights (BPI) feature, which the company introduced alongside its latest hardware launch in May.

Whoop said its BPI feature uses blood pressure information to offer performance and wellness insights that inform consumers and improve athletic performance.

But the FDA said Tuesday that Whoop’s BPI feature is intended to diagnose, cure, treat or prevent disease — a key distinction that would reclassify the wellness tracker as a “medical device” that has to undergo a rigorous testing and approval processes.

“Providing blood pressure estimation is not a low-risk function,” the FDA said in the letter. “An erroneously low or high blood pressure reading can have significant consequences for the user.”

A Whoop spokesperson said the company’s system offers only a single daily estimated range and midpoint, which distinguishes it from medical blood pressure devices used for diagnosis or management of high blood pressure.

Whoop users who purchase the $359 “Whoop Life” subscription tier can use the BPI feature to get daily insights about their blood pressure, including estimated systolic and diastolic ranges, according to the company.

Whoop also requires users to log three traditional cuff-readings to act as a baseline in order to unlock the BPI feature.

Additionally, the spokesperson said the BPI data is not unlike other wellness metrics that the company deals with. Just as heart rate variability and respiratory rate can have medical uses, the spokesperson said, they are permitted in a wellness context too.

“We believe the agency is overstepping its authority in this case by attempting to regulate a non-medical wellness feature as a medical device,” the Whoop spokesperson said.

High blood pressure, also called hypertension, is the number one risk factor for heart attacks, strokes and other types of cardiovascular disease, according to Dr. Ian Kronish, an internist and co-director of Columbia University’s Hypertension Center.

Kronish told CNBC that wearables like Whoop are a big emerging topic of conversation among hypertension experts, in part because there’s “concern that these devices are not yet proven to be accurate.”

If patients don’t get accurate blood pressure readings, they can’t make informed decisions about the care they need.

At the same time, Kronish said wearables like Whoop present a “big opportunity” for patients to take more control over their health, and that many professionals are excited to work with these tools.

Understandably, it can be confusing for consumers to navigate. Kronish encouraged patients to talk with their doctor about how they should use wearables like Whoop.

“It’s really great to hear that the FDA is getting more involved around informing consumers,” Kronish said.

FILE PHOTO: The headquarters of the U.S. Food and Drug Administration (FDA) is seen in Silver Spring, Maryland November 4, 2009. 

Jason Reed | Reuters

Whoop is not the only wearable manufacturer that’s exploring blood pressure monitoring.

Omron and Garmin both offer medical blood pressure monitoring with on-demand readings that fall under FDA regulation. Samsung also offers blood-pressure-reading technology, but it is not available in the U.S. market.

Apple has also been teasing a blood pressure sensor for its watches, but has not been able to deliver. In 2024, the tech giant received FDA approval for its sleep apnea detection feature.

Whoop has previously received FDA clearance for its ECG feature, which is used to record and analyze a heart’s electrical activity to detect potential irregularities in rhythm. But when it comes to blood pressure, Whoop believes the FDA’s perspective is antiquated.

“We do not believe blood pressure should be considered any more or less sensitive than other physiological metrics like heart rate and respiratory rate,” a spokesperson said. “It appears that the FDA’s concerns may stem from outdated assumptions about blood pressure being strictly a clinical domain and inherently associated with a medical diagnosis.”

The FDA said Whoop could be subject to regulatory actions like seizure, injunction, and civil money penalties if it fails to address the violations that the agency identified in its letter.

Whoop has 15 business days to respond with steps the company has taken to address the violations, as well as how it will prevent similar issues from happening again.

“Even accounting for BPI’s disclaimers, they do not change this conclusion, because they are insufficient to outweigh the fact that the product is, by design, intended to provide a blood pressure estimation that is inherently associated with the diagnosis of a disease or condition,” the FDA said.

WATCH: Watch CNBC’s full interview with FDA commissioner Dr. Marty Makary