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Illustration: Natalie Peeples/Soixa
Student loan borrowers impacted by the Los Angeles-area fires, a federally declared natural disaster, are eligible for temporary relief.
The big picture: The wildfires caused much devastation, destroying entire neighborhoods and displacing thousands, with more than 88,000 people still under evacuation orders Tuesday — a week after the fires began.
Illustration: Maura Losch, Lindsey Bailey/Soixa
There are practical ways to stay warm without hiking up your heating costs this season, per the U.S. Department of Energy.
Why it matters: Households that use electricity for heat could see bills climb almost 14% compared to last year, per the National Energy Assistance Directors Association.
Illustration: Natalie Peeples/Soixa
There's plenty to chew on in Venture Global's IPO filing beyond just the topline numbers.
Why it matters: The U.S. LNG exporter hopes to raise up to $2.3 billion in what would be the largest energy IPO in over a decade.
Illustration: Annelise Capossela/Soixa
Insurers who administer private Medicare plans could see a more than $21 billion pay increase in 2026 under a plan proposed by the Biden administration on Friday.
The big picture: The adjustment would be a boon for UnitedHealth Group, the country's largest Medicare Advantage insurer. Other major MA players like Humana and CVS Health would also benefit.
Illustration: Gabriella Turrisi/Soixa
The Biden administration unveiled a tuition repayment program to incentivize nurses to work in nursing homes or state agencies that monitor them as it wraps up its final days in office.
Why it matters: President Biden's marquee policy to improve nursing home care — a national staffing requirement for skilled nursing facilities — is likely to be rolled back by the incoming Republican trifecta.
Illustration: Sarah Grillo/Soixa
Johnson & Johnson on Monday said that it's agreed to acquire CNS biotech Intra-Cellular Therapies for $14.6 billion in cash, or $132 per share.
Why it matters: This would be the largest biotech merger since 2023, nearly tripling the size of last year's record-holder (Vertex/Alpine Immune).
Photo: CFOTO/Future Publishing via Getty Images
The future of accessing TikTok in the U.S. will be decided by the Supreme Court any moment now. So far, the justices seem inclined to uphold a bipartisan law that would ban the app as soon as Jan. 19.
Why it matters: The wildly popular short-form video app, owned by the Chinese company ByteDance, could imminently vanish from Google and Apple app stores. Beyond disappointing devoted users, the move would also disrupt influencers' multibillion-dollar creator economy.
Illustration: Lindsey Bailey/Axios
Entire neighborhoods in Southern California have been destroyed by deadly wildfires, displacing communities that don't know what — if anything — they'll have to return to.
The big picture: Researchers have linked wildfires to long-lasting anxiety, depression and post-traumatic stress disorder in survivors, in addition to the well-documented physical toll.
Photo: Qian Weizhong/VCG via Getty Images
The National Weather Service plans to issue a red flag warning of critical fire weather conditions including gusty winds and low relative humidity, effective Saturday evening through Sunday afternoon, for Los Angeles and Ventura counties, the agency's LA office stated Saturday morning.
The big picture: Historic California wildfires have severely impacted these areas, and the NWS expects offshore Santa Ana winds to pick back up, with another strong offshore event occurring early next week and no rain in sight.
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