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Veronica Riccobene is a reporter with the Lever based in Washington, DC. She has experience in live television, long form, and vertical video as well as reporting.
Wall Street traders have sharply increased how much they’re spending on credit default swaps tied to artificial intelligence. That means more and more investors are managing their risk by putting their money on the AI market’s eventual crash.
The Supreme Court heard oral arguments on a GOP-led case that could repeal campaign finance limits on how much money parties can redirect to individual candidates. Here are the standout moments.
The country’s largest electrical grid operator, PJM Interconnection, plans to power new data centers that it knows it doesn’t have the capacity for — prompting an energy watchdog to warn of heightened blackout risks.
Co-filed by then-senator J. D. Vance, a GOP-backed lawsuit aims to erode some of the last remaining limits on unfettered election spending.
Giant corporations like ExxonMobil are calling on the Supreme Court to block a California law that would require them to release their emissions and climate records. The argument? It would violate businesses’ free speech.
A GOP-led House bill would lower regulatory barriers, including minimum capital requirements, for new and some existing community banks. A loophole in the legislation could help banking giants circumvent regulations meant to prevent bank failure.
The cozy relationship between utilities regulators and the firms they are meant to regulate greatly benefits a few bureaucrats turned executives. It’s been a disaster for consumers, who see nothing from it but bigger bills.
Thanks to New York City’s public campaign finance system, Zohran Mamdani was able to defeat the moneyed and powerful Cuomo political dynasty. He was victorious despite record-shattering political spending from Andrew Cuomo’s fundraising apparatus.
Millions of Americans with Affordable Care Act plans are facing devastating health care costs after Republicans failed to renew pandemic-era extended insurance tax credits. Meanwhile, major insurers are raking in extravagant profits.
Home insurance rates are skyrocketing faster than home prices and overall inflation, draining homeowners of billions of dollars in premiums amid rising policy cancellations — driven in part by insurers’ use of artificial intelligence to assess risk.
When the Supreme Court issued the Citizens United decision, it allowed a torrent of unchecked dark money into political campaigning. Ordinary Americans of all political stripes have taken notice, and they overwhelmingly disapprove of the results.
A new report reveals that a significant portion of Donald Trump’s defense budget is going to a select few private military contractors — the same firms who have spent hundreds of millions lobbying the federal government.
Spirit Halloween’s vulture-like business model keeps operating costs low by snapping up short-term leases in vacant retail spaces, making itself a rare beneficiary of private equity’s hollowing out of big box stores across the country.
Donald Trump’s yes-men at the Consumer Product Safety Commission are withdrawing a series of proposed safety rules, including an appendage-saving safety mandate for table saws. This will mean thousands more fingers lost per year.
As Palestinians return to Gaza amid the Trump administration’s precarious Israel-Hamas ceasefire, senators approved a $914 billion defense budget that fulfills several surveillance and weapons funding requests from the pro-Israel lobbying group AIPAC.
President Trump is promising lower drugs prices, but last month’s “deal” between the government and Pfizer is more about funneling patients to Big Pharma’s direct-to-consumer online platforms.
Emergency rooms, dentist offices, and nursing homes managed by the private equity industry consistently deliver worse health outcomes than other such medical institutions. The difference can mean life or death for patients.
With the help of the Federal Reserve, US banks are offering loans at higher rates than the interest they pay to depositors and pocketing the difference for themselves.
Donald Trump’s Department of Justice is asking corporations to identify state laws that “burden industry.” Corporate lobbies are responding to the request with wish lists of consumer protection laws they want the administration to preempt.
Some of the biggest pharmaceutical firms in the US are nearing the end of multibillion-dollar patent windfalls as their exclusive rights to produce certain medications. The patent cliff could spark a massive wave of new drug manufacturing mergers.