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Medicaid Cuts Could Shutter Hundreds of Hospitals
Finance Megaphone
May 23, 2025
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Welcome to Finance Megaphone – Your Free Source for Financial News
At Finance Megaphone, we bring you the latest and most relevant updates from the world of finance. Whether it's market trends, breaking news, or insights from industry experts, we’ve got you covered. Stay informed, stay ahead, and make smarter financial decisions with the news that matters most.
Let’s dive into what’s happening in the market today!
Southern California Edison to Pay Record $82.5M in Bobcat Fire Settlement
Apple Hit by $100B Market Drop as Trump Revives Tariff Threats
$700B Medicaid Cuts Could Shutter Hundreds of Hospitals, Jeopardizing Care Nationwide
Southern California Edison to Pay Record $82.5M in Bobcat Fire Settlement
Southern California Edison (SCE) will pay $82.5 million to settle a federal lawsuit over the devastating 2020 Bobcat Fire, one of the largest wildfires in Los Angeles County history. The U.S. government accused SCE of negligence, claiming the fire started when a tree touched power lines, igniting a blaze that scorched nearly 180 square miles. While not admitting fault, SCE agreed to the largest wildfire cost recovery settlement ever in California’s Central District. The utility says it remains committed to wildfire prevention, recently submitting a new three-year mitigation plan to state regulators.
Apple Hit by $100B Market Drop as Trump Revives Tariff Threats
Apple CEO Tim Cook’s years-long effort to diversify manufacturing away from China was upended after former President Trump reignited tariff threats, demanding all iPhones sold in the U.S. be made domestically—or face a 25% duty. Despite Apple’s major investments in India and Vietnam, and a $500 billion U.S. expansion plan, the company lost over $100 billion in market value as investors reacted to the news. With 85% of iPhones still made in China, analysts warn U.S.-based production could take years and send iPhone prices soaring to $3,500.
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$700B Medicaid Cuts Could Shutter Hundreds of Hospitals, Jeopardizing Care Nationwide
Proposed federal Medicaid cuts totaling over $700 billion could force hospitals—especially in rural states like Texas, Oklahoma, and Kansas—to slash services, lay off staff, or shut down entirely, studies show. As states struggle to fill the funding gap, millions risk losing coverage, and communities could face longer wait times, overcrowded ERs, and fewer medical innovations. With Medicaid covering 40% of U.S. births and serving vulnerable seniors, experts warn the impact will be felt by all, regardless of age or income. The budget plan has passed the House and now faces Senate scrutiny.
some our tweets
Finance today
-Apple risks 25% tariffs if iPhones aren’t US-made; $100B in value lost as Trump pressures manufacturing shift
-SoCal Edison pays $82.5M over 2020 Bobcat Fire; largest-ever wildfire cost recovery in CA
-$700B Medicaid cuts may close hospitals, hurt rural care— Finance Megaphone (@Financemeg_news)
9:05 PM • May 23, 2025
That’s a wrap for this edition of Finance Megaphone.
We hope the insights and updates we’ve shared help you stay informed and ready to take on the market. Remember, knowledge is power, and we’re here to keep you in the know every step of the way. Be sure to check back next edition for more timely news, expert analysis, and the latest trends in the financial world.
Until then, keep investing smart and stay ahead of the curve!