July 2024

TL/DR - The Inflation Reduction Act’s (IRA) book minimum tax could potentially increase the tax burden on future purchases of spectrum, creating barriers for the US in the race to lead wireless communication and innovation. The minimum tax could distort the value of spectrum licenses and potentially slow the build-out of 5G technology. The tax…

TL/DR - The Democratic National Committee is seeking to confirm President Biden as the party's nominee. However, some Democrats, including Adam Schiff, have expressed doubt about Biden's ability to secure a win against Donald Trump. Meanwhile, two Israeli air strikes, one of which targeted a United Nations school, have resulted in the deaths of…

TL/DR - The Inflation Reduction Act of 2022 (IRA) aimed to cut back government spending on Medicare and reduce prescription drug costs for program beneficiaries. The IRA has led to significant changes in the Medicare Part D program, which will be implemented from January 1, 2025. These changes include the elimination of the coverage gap, changes…

TL/DR - A severe storm in the Midwest triggered multiple tornadoes, with one reported near Chicago’s O’Hare Airport, and others near Des Moines, Iowa, and Sugar Grove, Illinois. The storms led to the cancellation of over 60 flights at O’Hare and caused significant delays, while 300,000 people in Northern Illinois and 170,000 in Indiana…