Shares of Nio (NYSE: NIO) have been on a steady decline over the past seven trading days. Nio reported its quarterly financial results last week, and some investors weren't adequately impressed. The automaker has also been caught in a net of U.S.-listed Chinese names that have taken hits due to Chinese government regulators who have taken aim at certain technology industries. The Biden administration has frozen the Afghanistan government's holdings in US banks, preventing the Taliban from accessing billions of dollars—including $1.25 in gold bullion in a New York bank vault. Stocks to Commodities Sink on Fed Taper Worries: Markets Wrap (Bloomberg) -- Global markets tumbled across the board, as investors fled to the safety of U.S. Treasuries and the dollar, amid concern the Federal Reserve may start tapering stimulus this year even as the delta virus variant undermines global growth.U.S. stock-index futures fell, with contracts on the S&P 500 Index losing as much as 1.1%, and European stocks slid the most in a month. A selloff in commodities deepened, as iron ore plunged more than 10% and oil headed for the longest slump since Tencent Warns of More China Tech Curbs After Growth Sputters (Bloomberg) -- Tencent Holdings Ltd. warned investors to brace for more regulatory curbs on China’s tech sector, telegraphing that Beijing plans to expand restrictions over its internet giants.China’s largest company reported its slowest pace of quarterly revenue growth since early 2019, underscoring the impact of crackdowns including on the edtech sector -- a major source of ad revenue. The company’s core mobile gaming business cooled as it cut playing time for minors, part of Xi Jinping’s camp AMD Stock Pulls Back Into Bullish Pattern, Options Traders Bet On Bull Run Pete Najarian noticed unusual options activity in Advanced Micro Devices, Inc. (NASDAQ: AMD) for this week’s $117-strike calls on Friday. On Wednesday, institutions continued to hammer call contracts of AMD despite the stock trading lower. WCCF Tech reported AMD will become the Taiwan Semiconductor Manufacturing Co. Ltd.'s (NYSE: TSM) largest customer and there is a rumor TSMC may provide the chips needed for the Apple Inc (NASDAQ: AAPL) electric vehicle. Immediately following the report AMD sho Stock futures opened slightly lower Wednesday evening after a selloff during the regular trading day, driven by jitters over a potential shift in monetary policy that might remove some of the stimulus underpinning equity markets. 1 Dirt-Cheap 5G Stock You May Want to Buy Micron Technology (NASDAQ: MU) stock has dipped sharply of late, losing over 12% of its value in the past week as Wall Street sentiment regarding the memory market's prospects has taken a turn for the worse. A market research report from TrendForce projecting a decline in the price of dynamic random access memory (DRAM) in the fourth quarter of 2021 and a downgrade by a Morgan Stanley analyst has weighed heavily on Micron stock. Analyst Joseph Moore has slashed his Micron price target by $30 to $75 a share, indicating limited upside from current levels.https://finance.yahoo.com/news/inflation-is-here-to-stay-financial-adviser-185035100.html
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The agreement was set to expire next year after federal health officials in April rescinded the Trump-era extension to the 1115 waiver agreement — which Texas has had with the U.S. Centers for Medicare and Medicaid Services since 2011 and is up for review every few years — and ordered Texas to collect public input, as the agreement requires, while it renegotiates a new extension beyond its original October 2022 expiration date. The decision did not stop the funding for the current waiver, which provides $3.87 billion in annual funding to partly offset free care provided by Texas hospitals to the uninsured, and to pay for innovative health care projects that serve low-income Texans, often for mental health services. In his order Friday, U.S. District Judge J. Campbell Parker granted a preliminary injunction sought by Texas to block the federal government from rescinding the original Trump-era agreement. The decision removes the requirement, at least for now, for Texas to negotiate its deal with CMS if it wants 1115 funding beyond October 2022. The decision by CMS was “likely unlawful” and resulted in “turmoil in the state’s Medicaid program,” in part because the state had already begun “reassigning staff, making plans, appropriating money, passing regulations, and engaging stakeholders to work towards implementing the necessary changes” allowed by the original deal, which was confirmed in January before it was rescinded by the Biden administration in April, Barker said in the order . On Friday, Texas Attorney General Ken Paxton , who had sued to reinstate the 10-year deal, applauded Barker’s decision, calling the April action of the CMS “capricious” and a political ploy by President Joe Biden to pressure the state into expanding Medicaid. “The Biden Administration continues to believe they can violate federal law again and again. Here, their disgusting power grab would have ripped a $30 billion hole in Texas’s budget, as well as sacrificed the well-being of many vulnerable Texans, on top of this move being a flagrant violation of the fundamentals of a constitutional republic,” Paxton said in a written statement. A majority of Texans support expanding Medicaid to include millions more mostly working poor people, according to recent surveys. The 10-year extension, originally granted in the waning days of Donald Trump’s presidency, would have continued hospital reimbursements until September 2030 but allowed the innovation fund to expire. The 1115 waiver was meant to be temporary while Texas transitioned to an expanded Medicaid program under the Affordable Care Act of 2010, but that never happened because the U.S. Supreme Court ruled in 2012 that states couldn’t be forced to expand Medicaid. Since then, the state has relied on the waiver for various programs to care for Texas’ uninsured, with Republican state leaders frequently leaning on it in their arguments against Medicaid expansion. In early May, Paxton filed a lawsuit against the Biden administration over the decision to rescind the extension, alleging that Biden was using it as a political weapon to push Texas toward expanding its Medicaid program to include more working adults. Proponents of Medicaid expansion counter that Texas did not meet public notice requirements and that the 1115 waiver and extension have been used to bat away increasing pressure on conservative state leaders to allow Texans who can’t afford private insurance to become eligible for the government program.https://www.texastribune.org/2021/08/20/exas-1115-waiver-judge-ruling-medicaid/