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Senator Elizabeth Warren on Monday unveiled an $800 billion plan to reshape U.S. public education. The Democratic presidential candidate’s signature wealth tax will pay for school and child-care initiatives—in effect transferring the cost of raising America’s children from all taxpayers to just the richest families.
Here are today’s top stories
Teva said it offered to settle thousands of opioid lawsuits by providing what the company said are billions of dollars in drugs for use in fighting the U.S. addiction epidemic.
Ken Fisher has seen more than $1 billion in assets drain away since making some sexist remarks earlier this month.
The new Ford Explorer was supposed to help turn the underperforming automaker around. Instead, sales plunged as a plant plagued by personnel problems struggled to get the SUV out the door.
Children are dying at a record pace on the U.S. border. Coyotes, meanwhile, are getting rich.
Almost a year after California’s deadliest wildfire, the town of Paradise is largely abandoned. Residents have scattered to live with relatives, in nearby cheap motels, tents and cars. Meanwhile, the legal battle for control of PG&E, the utility that went bankrupt after its equipment sparked the deadly blaze, is incurring $1 million in professional fees daily.
After losing a bid to hold a vote on his Brexit deal Saturday, Boris Johnson was thwarted yet again Monday. It’s another in a long series of defeats for his effort to take the U.K. out of the European Union.
What’s Joe Weisenthal thinking about? The Bloomberg news director has been closely watching Austria’s so-called Century Bond because it represents one of the most extreme plays out there in the bid for safe-haven assets. Lately, as investors seem less inclined to seek safe havens, Joe says the chart for the long-term bond “looks like garbage.”
What you’ll need to know tomorrow
Analysts are taking a knife to their 2020 profit estimates. Mitt Romney goes by “Pierre Delecto” on a secret Twitter account. One reporter outsourced her life to subscription services. Another survived the world’s first 20-hour flight. SoftBank has an $8 billion rescue plan to take control of WeWork. U.S. stocks advanced amid positive signs on trade talks. P&G made an inkjet printer for your face.
What you’ll want to read tonight
Older adults were the targets of $1.7 billion in attempted thefts and losses in 2017, quadruple the amount reported four years earlier, according the the Consumer Financial Protection Bureau. Already targeted by phone scammers and greedy relatives, America’s elderly are facing a bigger threat: the professionals they trust. Lawyers, insurers and financial advisers are increasingly the wolves in sheep’s clothing.
(Corrects nation associated with century bonds in 10th paragraph.)
To contact the author of this story: Josh Petri in Portland at email@example.com
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