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Katya Schwenk is a reporter with the Lever based in Phoenix, Arizona.
A multibillion-dollar deal is set to hand private equity giant BlackRock one of the Midwest’s largest utilities, Minnesota Power. Opponents of the sale fear that this will only worsen the already skyrocketing cost of electricity.
Republicans are bringing a case before the Supreme Court that has the potential to eviscerate what few remaining restrictions on campaign finance we have left.
This year’s congressional defense spending bill would further entrench the military’s role at the US border and, for the first time, allow the Department of Defense to outsource border security work to private contractors.
For years, textbook prices have burdened students already struggling with loans and sky-high tuition costs. Now Wall Street is taking over the market, tightening its grip on a staple campus institution: the college bookstore.
Immigration and Customs Enforcement is siphoning ever more resources and personnel from the Federal Emergency Management Agency, threatening national preparedness for climate disasters.
Celebrities like Taylor Swift have long used a little-known Federal Aviation Administration program to shield their private jets’ flight records from public view. Now ICE is using the program to hide information about its deportation flights.
While extending its tentacles elsewhere, private equity has mostly stayed away from electric utilities because they often don’t yield quick returns. A BlackRock subsidiary’s campaign to take over a regional utility in Minnesota suggests that is changing.
The US Steel plant where two workers were killed and ten injured in an explosion on Monday had a history of chemical accidents. It was one of hundreds of chemical facilities whose risks were hidden from the public after lobbying by the chemical industry.
Led by Delta, many airlines are now working with AI firms to expand the industry’s use of big data for price setting. Using new surveillance techniques, these firms exploit consumer privacy to set “personalized” prices to jack up fares.
Donald Trump’s SEC chair, Paul Atkins, just sold his financial services firm for more than $25 million and is set to receive a huge tax break on the proceeds. He has refused to disclose who is behind the payout or if they have business with the SEC.
Congressional Republicans have delivered on the pro-Israel organization AIPAC’s wish list in the latest military spending bill, including tens of millions of dollars a year for the Israeli military to develop AI technologies.
Some of the world’s largest private security firms are making millions of dollars by aiding ICE with its mass deportations. Now the Trump administration’s record-breaking deportation spending blitz is poised to boost their profits even more.
Backed by tech money, entrepreneur MacKenzie Price is growing a network of private K–12 schools that promises to replace all classroom teachers with an “AI tutor” that students learn from while glued to their laptop screens.
New legislation in Florida introduces a financial model that would enable local governments around the country to invest virtually limitless sums in the Israeli war effort, despite the mounting financial risk of doing so.
UnitedHealth Group’s investors have profited from its sky-high coverage denial rates. Now, as the company faces mounting public pressure to approve more patient care, they are suing to stop the insurer from changing its “corporate practices.”
As Elon Musk and DOGE take a sledgehammer to federal agencies, corporate interests are mounting a coordinated effort to dismantle state-level rules and regulations, from environmental and consumer protections to worker safeguards.
As Donald Trump works to undermine the Social Security Administration, his ultrarich Social Security commissioner, Frank Bisignano, was just approved for a giant tax break on a $484 million capital gains sale.
The GOP’s budget reconciliation bill includes a ban on state-level artificial intelligence regulations that could undermine efforts in several states to rein in pricing consultants like RealPage, a company that helps landlords use AI to “optimize” rent hikes.
An aviation industry clearinghouse is collecting data on air travelers from billions of flights — and selling it to Trump’s immigration enforcers.
As Donald Trump tries to bar almost all refugees from entering the US, his administration wants to use federal funds reserved for at-risk refugee populations to facilitate an influx of white South Africans.