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College at center of USA Fencing fight agrees to deal with Trump administration on trans athletes

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Wagner College, a small, private liberal arts college on Staten Island in New York has agreed to comply with the Trump administration’s restrictions on transgender student-athletes following a federal investigation that stemmed from an incident at a women’s fencing competition in March, the Education Department announced Friday. 

The department’s Office for Civil Rights (OCR) launched an investigation into Wagner after USA Fencing officials disqualified a woman from a tournament at the University of Maryland on March 30. Stephanie Turner, 31, had refused to compete against Red Sullivan, a 19-year-old Wagner student, taking a knee to protest Sullivan’s participation in violation of the competition’s rules. 

A video of Turner’s disqualification quickly went viral, amplified by conservative activists, political figures and Fox News.

“This is heroic on her part,” Rep. Mike Lee (R-Utah) wrote in a post on social platform X, responding to a video of the exchange posted by Riley Gaines, a frequent critic of transgender women in women’s sports. 

In May, the House Oversight Subcommittee on Delivering on Government Efficiency held a hearing on the incident and invited Turner to testify. 

Participation in the University of Maryland’s Cherry Blossom Open, hosted annually during springtime, is not limited to college students, according to the school’s fencing club, of which Turner, who now lives in suburban Philadelphia, is a former member. 

Sullivan, a sophomore at Wagner, entered the competition individually. She had competed for the college’s women’s fencing team until February, when the NCAA said it would comply with President Trump’s executive order to ban transgender student-athletes from girls’ and women’s sports. 

In an interview with Rolling Stone in April, Sullivan said the exchange with Turner left her bewildered. “Nothing close to this has ever happened. No one has ever had a problem with me fencing in a women’s event,” said Sullivan, who became medically eligible for women’s tournaments last year. 

USA Fencing, the sport’s governing body, announced in July that it would amend its transgender and nonbinary participation policy to align with a new U.S. Olympic and Paralympic Committee policy barring transgender women from competing in Olympic women’s sports. 

As part of its deal with the Trump administration, Wagner will formally amend its athletic policies to reflect “biology-based” definitions of the words “male” and “female,” consistent with an executive order Trump signed on his first day back in office proclaiming that the U.S. recognizes only two unchangeable sexes. 

The college will also issue a public statement pledging to comply with Title IX, the federal civil rights law against sex discrimination in schools that the Trump administration has said prohibits transgender students from competing in girls’ and women’s sports. 

The University of Pennsylvania, Trump’s alma mater, agreed to a nearly identical resolution in July. 

In a statement on Friday, Wagner College President Jeffrey Doggett said the school would continue to foster a welcoming and supportive community but that it has a responsibility to comply with federal laws as the government interprets them. He apologized to any student-athletes who were negatively impacted by the school allowing transgender women to compete. 

The college’s agreement with the administration, Doggett said, is “markedly different” from those of other universities found to have violated Trump’s orders.

“Working cooperatively with the OCR investigators, we were able to negotiate terms that are limited, minimally intrusive and tailored to the particular facts of Wagner’s situation,” he said. 

Doggett added that the college had been following NCAA and USA Fencing rules applicable at the time when it allowed Sullivan, whom the statement does not name directly, to participate on the women’s fencing team. The agreement with the OCR “makes clear that there was no admission or finding of any wrongdoing by the College,” he said. 

“As we know, higher education is in the midst of great change,” Doggett continued. “Like many institutions, Wagner College is doing what it must to advance its mission during this period of turbulence. I believe that it is of the utmost importance that Wagner set a course that ensures its long-term success, and part of that is to continue to foster an open and supportive community that follows the laws and regulations with which it must comply. In bringing an end to this investigation I believe we can continue to do both.”

Retirees’ out-of-pocket healthcare costs are spiraling

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Retirees are going to need to have a substantial chunk of change saved to pay for their healthcare costs.

Fidelity’s annual survey of estimated healthcare costs in retirement shows that a 65-year-old retiring this year can expect to spend an average of $172,500 in healthcare and medical expenses out-of-pocket throughout retirement, up 4% from last year’s expectation of $165,000.

The estimate assumes enrollment in traditional Medicare (Parts A and B) and Medicare Part D, which includes premiums, co-payments, and other out-of-pocket costs for medical care and prescription drugs.

It could be far higher for some folks.

Fidelity’s estimate does not include long-term care expenses which, of course, can be eye-popping.

“About 80% of those ages 65 and over will require some long-term care, with nearly 20% requiring high-intensity care for more than three years,” said Anqi Chen, associate director of savings and household finance at the Center for Retirement Research at Boston College.

Consider this: An apartment in an assisted-living facility had an average rate of $74,148 a year in 2024, according to the National Investment Center for Seniors Housing & Care — and costs go up as residents age and need more care. Units for dementia patients can run more than $94,000.

The Fidelity estimate has soared since it first ran this calculation in 2002. At that time, medical costs were estimated at $80,000 for a single retiree. Of course, there are plenty of caveats to consider when computing your figure — what you spend in retirement for medical care will depend on where you live, your overall health, and how many years you will live in retirement.

Nonetheless, basic costs are continuing to rise. In 2025, for example, the monthly Part B premium rate is $185, up from $174.70 a year ago. The estimated monthly premium for 2026 is $206.20.

“Planning for healthcare costs in retirement is a crucial step in building long-term financial security, yet it’s often overlooked,” John Burns, vice president at Fidelity Investments, told Yahoo Finance.

Recent Fidelity research shows 1 in 5 Americans say they have never considered healthcare needs during retirement — a figure that jumps to 1 in 4 among Gen X.

Few retirees have budgeted for that kind of outlay and finding ways to grapple with it is not something you can avoid.

About 15% of the average retiree’s annual expenses will be health-related, per Fidelity. And nearly 4 in 10 retirees report health care expenses are higher than they expected, according to a survey by the Employee Benefit Research Institute and Greenwald Research.

Car finance payouts limited, but lenders aren’t off the hook

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There may well be a few sighs of relief from senior finance company and banking executives following the Supreme Court’s ruling, but it is unlikely you will hear the champagne corks popping.

The verdict does almost certainly reduce the potential compensation bill significantly.

Lenders no longer face the prospect of having to pay £30bn to £40bn to aggrieved car buyers. The likelihood of the government stepping in also appears to have receded dramatically.

Nevertheless, the industry is not off the hook. The Financial Conduct Authority may still open a redress scheme for cases where dealers had a financial incentive from lenders to ramp up interest rates on loans as much as possible.

The Supreme Court’s ruling also upheld one consumer claim, in which the commission payments were deemed unfair – and that could provide a template for others to follow. All of this means the compensation bill could still be in the billions.

The Supreme Court’s intervention has been eagerly awaited since October, when the Appeal Court issued a verdict in three test cases which could have triggered an avalanche of compensation claims.

In each case, people who had bought cars on finance claimed they were partially unaware that the deal had involved a commission payment being made by the lender to the car dealer. They claimed that in law the commissions amounted to bribes, or secret payments.

The Appeal Court judges agreed, essentially saying that commission payments made by a finance company to a dealer for arranging a car loan were illegal if the car buyer had not given his or her “informed consent”.

They also concluded that a car dealer had a “fiduciary duty” towards the car buyer when it came to arranging a car loan. In other words, the dealer should set his or her own interests aside, and act purely on the customer’s behalf.

This meant that millions of car buyers could potentially claim compensation – if they could show that the dealer had not specified what commission payments they were receiving for lining up a finance deal. It was not enough for the details to be buried in small print.

Lenders had feared that this would lead to an avalanche of claims against them – and that the same arguments could be used to challenge other kinds of consumer finance agreements as well, potentially increasing the compensation bill still further.

But the Supreme Court threw very cold water over those arguments. The President of the Court, Lord Reed, dismissed the idea that car dealers had a “single minded duty of loyalty” to their customers, and insisted they “plainly and properly” had personal interests in the finance agreements they were involved in.

The ruling clearly blocks off what could have been a very wide avenue for compensation claims.

However, the court did side with one of the claimants. In the case of Marcus Johnson, a factory worker, it decided that the finance agreement was “unfair” under the terms of the Consumer Credit Act.

This was because the size of the commission payment was very large, and because Mr Johnson had been misled about the relationship between the dealer and the lender. He was, they said, entitled to compensation.

Analysts say this could open the doors for other cases in which the commission payments are seen to be egregious.

There is also a key question the Supreme Court ruling does not answer. This is what should happen in cases involving so-called Discretionary Commission Agreements (DCAs). These were finance deals in which the car dealer could set the interest rate of a loan, within a set scale. The higher the rate, the more commission they would be paid – and the customer would be unaware of the fact.

The Financial Conduct Authority banned such deals in 2021. It is now considering whether to launch a redress scheme for consumers who were affected by them. If it goes ahead, millions of car buyers could still have a claim, though it is not clear how much compensation they would get.

According to Richard Barnwell, a financial services advisory partner at accountancy firm BDO, the bill could still be substantial.

“We believe there is still a potential for redress, for example, if discretionary commission arrangements are deemed to be an unfair relationship, redress could still be from to £5bn to £13bn or more,” he said.

Other analysts agree. According to Martin Lewis, who runs the MoneySavingExpert website, “the Supreme Court has certainly narrowed the number of people who will be able to reclaim car finance. I think you’re probably talking the lower end of £10bn, as opposed to £40bn.”

That £10bn would still be a significant figure. But the finance industry appears to have avoided the potential free-for-all rush to claim compensation the earlier verdict had threatened to spark off.

And while the Treasury says it will “work with regulators and industry to understand the impact for both firms and consumers”, the BBC understands that the likelihood of the government intervening with retrospective legislation to protect financial firms has now diminished significantly.

The law of bribery only applies to persons who owe a single-minded duty of loyalty and are therefore bound to have no personal interest in the matter that they are dealing with.

In the present case the car dealers plainly and properly have a personal interest in the dealings between the customers and the finance companies.

Senate strikes deal to approve funding bills ahead of August recess

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Sen. Susan Collins (R-Maine), head of the Senate Appropriations Committee, announced Friday afternoon that the chamber will be moving forward to pass its first tranche of government funding bills for fiscal year 2026.

The chamber will vote on three full-year funding plans that cover the departments of Veterans Affairs and Agriculture, the Food and Drug Administration, legislative branch operations, military construction and rural development.

Senators will first vote on a series of amendments from both sides of the aisle as part of the process, and a final vote is expected Friday night.

“It’s taken a great deal of work, good faith and negotiation to get to this point,” Collins said upon announcing the development from the Senate floor on Friday.

The deal comes after days of uncertainty on both sides of the aisle over whether the chamber would be able to pass any funding bills before its August recess.

The evolving package had undergone several revisions this week. Republican leaders dealt with frustration in their ranks over some of the funding levels in the legislative branch funding bill, while Democratic resistance to the Trump administration’s relocation plans for the FBI’s headquarters weighed down efforts to pass the annual Justice Department funding bill.

In remarks on the Senate floor, Sen. Patty Murray (Wash.), top Democrat on the Senate Appropriations Committee, called the bills “the best chance we have to get the best outcome for folks back home,” while pushing members against another funding stopgap, also known as a continuing resolution (CR), like what the party was forced to swallow in March to keep the government open.

“We cannot have another slush fund CR that gives away more power to Trump,” she said.

Together, the bills would provide more than $180 billion in discretionary funding for the agencies for fiscal 2026 – well over half of which would go toward the annual VA and military construction funding plan.

Lawmakers are hoping to pass further funding legislation when they return from recess in September, as Congress braces for what could be a messy funding fight to keep the government open beyond the start of the fiscal year in October.

Analyst Report: Masco Corp.

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Analyst Report: Masco Corp.

Putin not swayed by Trump’s Ukraine war ultimatum

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Russian President Vladimir Putin has voiced hopes for further peace talks with Ukraine – but stressed his troops were “advancing on the entire front line”, despite the threat of tougher US sanctions if a ceasefire was not agreed upon.

“All disappointments arise from inflated expectations,” Putin said, in an apparent reference to Trump’s “disappointment” with the Russian leader for not bringing an end to the war.

Speaking a day after one of the deadliest Russian air attacks on Kyiv, he repeated his demands for Ukrainian neutrality and recognition of the occupied territories, which Ukraine views as a capitulation.

Ukrainian President Volodymyr Zelensky said he was ready to meet Putin “any time”.

Speaking on Friday at the Valaam Monastery on an island in north-western Russia, Putin said he expected negotiations with Ukraine to continue, adding that he viewed “negotiations positively”.

But in a veiled reference to growing pressure from Ukraine and its Western allies to agree to a long-term ceasefire, he said: “As for any disappointments on the part of anyone, all disappointments arise from inflated expectations.

“Our enemies and ill-wishers… now have one fiery passion: to stop our advance [on the front line in Ukraine] at any cost”.

Ukraine and its allies have repeatedly accused Russia of stalling peace negotiations and rejecting any meaningful ceasefire, saying Moscow is trying to seize more Ukrainian territories.

Three rounds of Russia-Ukraine talks in Istanbul, Turkey, in recent months ended without any major breakthrough. The two sides, however, agreed to swap several thousands of prisoners of war.

Speaking shortly after Putin’s comments, Zelensky questioned whether Russia was showing “serious readiness to end the war with dignity and establish a truly lasting peace” or whether it was “just an attempt to buy more time for war and postpone sanctions”.

In recent weeks, Russia has intensified its deadly drone and missile strikes on Ukraine.

On Thursday, at least 31 people – including five children – were killed in a Russian aerial assault on the Ukrainian capital.

US President Donald Trump condemned Russia’s actions, threatening new sanctions.

“Russia, I think it’s disgusting what they’re doing,” he told journalists.

When in July Trump announced his original 50-day deadline for Russia to end the war, Putin didn’t react. When that was reduced to 10-12 days, Putin said nothing.

But on Friday the Kremlin leader left little doubt that he would not be swayed by a White House ultimatum.

Trump may claim to be “disappointed” with Putin for not making peace – but the Russian leader is unrepentant.

His guest on the Valaam island, Belarus’ authoritarian leader Alexander Lukashenko, was more direct in his dismissal of Trump’s deadline.

“50 days, 60 days, 10 days. You don’t do politics like that,” Lukashenko said.

Experience shows that, for Trump, deadlines are not set in stone. But on paper, at least, his latest deadline expires on 8 August.

If by then Russia hasn’t signed up to a ceasefire in Ukraine, it will face more sanctions – so in theory will countries that buy Russian oil.

But judging by what the Russian state media has been saying in recent days, many in Moscow doubt the White House will go through with its threat of tougher sanctions.

What’s more, from what Putin said on Friday about Russia advancing along the entire front line in Ukraine, he clearly believes a ceasefire now is not in Moscow’s best interest.

Ukrainian officials on Friday said Kyiv had received “positive signals” from the US about potential new sanctions.

A day earlier, senior US diplomat John Kelley told the UN Security Council that Russia and Ukraine “must negotiate a ceasefire and durable peace”.

“It is time to make a deal,” he said.

Trump’s special envoy Steve Witkoff, who is currently in Israel, would visit Russia next, the US president said earlier this week. He gave no further details.

Senate Democrats call for probe into DOJ settlement over Hewlett Packard-Juniper merger

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Several Senate Democrats are calling for an investigation into the Department of Justice’s (DOJ) decision to settle a lawsuit blocking Hewlett Packard Enterprise’s (HPE) $14 billion acquisition of Juniper Networks. 

Democratic Sens. Richard Blumenthal (Conn.), Cory Booker (N.J.), Elizabeth Warren (Mass.) and Amy Klobuchar (Minn.) raised concerns to the DOJ inspector general Friday about the circumstances surrounding the proposed settlement. 

Two top officials in the agency’s antitrust division — Roger Alford, principal deputy assistant attorney general, and Bill Rinner, deputy assistant attorney general and head of merger enforcement — were recently fired for insubordination. 

The firings reportedly followed internal disagreements over merger policy, in which Attorney General Pam Bondi’s chief of staff overruled the antitrust division’s head, Gail Slater, to approve the HPE-Juniper settlement. 

“In all, these events reflect a concerning pattern of behavior within the DOJ and point to possible politicization of the process by which the DOJ analyzes proposed mergers and acquisitions, as well as undertakes and resolves enforcement actions,” the senators wrote in a letter to acting DOJ Inspector General William Blier. 

“We are concerned that, in addition to improper interference in the enforcement of our laws, the full extent and parties involved in this coercive campaign are not known and that other improper conduct could have occurred,” they continued. 

The Justice Department sued to block the merger between the nation’s second- and third-largest wireless network providers in January, shortly after President Trump took office. The lawsuit marked a key point of continuity with the Biden administration, which had been preparing to challenge the merger. 

HPE and Juniper pushed back on the lawsuit at the time, arguing the DOJ’s analysis was “fundamentally flawed” and the merger would allow the companies to “more effectively compete with global incumbents.” 

In late June, the agency announced a settlement, allowing the acquisition to go forward as long as HPE divests its division for small and medium businesses and licenses Juniper’s software to independent competitors. 

Axios reported Wednesday that the U.S. intelligence community weighed in on the lawsuit, urging the DOJ to allow the merger to proceed to boost American companies competing with China’s Huawei. 

The senators argued the settlement fails to address the issues raised in the DOJ’s initial lawsuit, which suggested the merger would essentially result in a duopoly in the market between HPE-Juniper and Cisco. 

They also underscored HPE’s reported decision to hire lobbyists with close ties to the Trump administration, as well as the subsequent firings of antitrust officials. 

The same four senators raised concerns to Hewlett Packard president and CEO Enrique Lores in a separate letter Friday about what they described as the company’s “hiring of political consultants in an apparent attempt to assert undue influence, if not coercion” to settle the DOJ lawsuit. 

“HPE’s hiring of these consultant close to the Trump family and White House creates the appearance that it sought to use outside political pressure and retaliation against the Antitrust Division to end its lawsuit and reporting suggests that the full scope of HPE’s consultants or influence campaign has not been disclosed,” they wrote. 

They pressed the company for information about the consultants, the nature of their work and any discussions they had with the DOJ’s antitrust division or members of the Trump family. 

HPE spokesperson Adam Bauer said in a statement that the company is confident the Juniper acquisition is “in the public interest and will promote further competition” in the market. 

“The transaction was appropriately approved with certain remedies by the U.S. Department of Justice, and it was unconditionally approved by 13 other antitrust regulators around the world,” Bauer added. “We respect the role our regulators play in maintaining competitive markets and appreciate the professional and constructive way in which the DOJ engaged with us in approving the deal.” 

Analyst Report: Enterprise Prods Pntr L

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Analyst Report: Enterprise Prods Pntr L

England v India, fifth Test: England drop three chances in evening session

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England’s Harry Brook, Liam Dawson and Zak Crawley all drop chances in the evening session of day two, allowing India to build a lead of 72 in their second innings of the final Test at The Oval.

MATCH REPORT: England hurt by late drops in decisive final Test

Available to UK users only.

Trump to fire BLS commissioner after bad jobs report

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President Trump on Friday said he directed his team to fire the commissioner of the Bureau of Labor Statistics following a dismal jobs report he blamed squarely on the Biden appointee.

Trump said on Truth Social that the commissioner, Dr. Erika McEntarfer, had “faked the Jobs Numbers” before the 2024 election in order to boost his then-political rival Kamala Harris.

He cited revisions both during the Biden administration of labor statistics that at the time boosted job numbers ahead of the election. The jobs report released Friday showed a significant downturn during Trump’s administration in May and June that showed the U.S. added 258,000 fewer jobs during those months.

“No one can be that wrong?” Trump said. “We need accurate Jobs Numbers. I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY. She will be replaced with someone much more competent and qualified. Important numbers like this must be fair and accurate, they can’t be manipulated for political purposes.”

McEntarfer was nominated by Biden in 2023 and confirmed by the Senate in 2024 as the 16th commissioner of the Bureau of Labor Statistics, which is part of the Department of Labor.

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