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A new complication has arisen for hospitals [HCA, THC, CYH, ARDT, UHS, non-profit / municipally-backed facilities] – and to a lesser extent nursing homes, behavioral providers, and certain physicians – in the debate over payment…

Yesterday’s news reports that Senate Republicans are considering and discussing Medicare savings policies to add to the reconciliation bill for lowering the overall deficit and/or filling any potential hole from softening some of the House’s…

Put us in the camp that the Trump-Musk dust up will have little impact on passage of the reconciliation bill. By last night, there appeared to be an attempt to lower the temperature on both…

We suspect the timeline for Medicare coverage expansion will be longer than investors anticipate for EW’s asymptomatic transcatheter aortic valve replacement (TAVR) indication. While we see eventual reductions in procedure volume requirements – expanding eligibility…

In light of the successful—at least so far— Circle Internet Group (CRCL) IPO today, we wanted to offer an update on stablecoin legislation (S. 394, the GENIUS Act), which benefits CRCL and which we believe…

As we await the Senate’s likely release of its reconciliation measure over the next week or so, we continue to expect the upper chamber to smooth the edges around some of the House-passed reconciliation bill’s…

We continue to expect FY26 NIH funding to remain largely flat YoY, despite White House calls for a -40% cut weighing on life science tools (LST) names, with the House likely to produce its own…

Congress returns this week after its weeklong Memorial Day recess, and the Senate will work on the House-passed reconciliation bill in earnest behind the scenes while the stablecoin legislation, the GENIUS Act, will probably reach…

We have the following thoughts about the U.S. Court of International Trade (CIT) ruling against President Trump’s use of the International Emergency Economic Powers Act (IEEPA) to implement the reciprocal tariffs and how it might…

 We continue to believe that stablecoin legislation, known as the GENIUS Act (S. 1582) in the Senate, is likely to pass in that chamber in the next couple of weeks, creating a regulatory framework for…