
North Carolina lawmakers approve stopgap spending measure amid budget impasse
The GOP-controlled General Assembly took a break five weeks ago with House and Senate negotiators far apart on working out a two-year, $66 billion budget for the ninth-largest state that should have been in place by July 1. North Carolina is one of a few states that have not yet enacted a budget this fiscal year.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
44 minutes ago
- Yahoo
TD Cowen Reiterates Buy Rating on Molina Healthcare (MOH) Stock
Molina Healthcare, Inc. (NYSE:MOH) is one of the Oversold Fundamentally Strong Stocks to Buy Now. On July 28, Ryan Langston, an analyst from TD Cowen, reiterated a 'Buy' rating on the company's stock, and the associated price target was lowered to $203.00. The analyst noted that Molina Healthcare, Inc. (NYSE:MOH) continues to effectively manage the medical costs in the challenging environment, mainly in Medicaid, where it is witnessing pressures in behavioral, pharmacy, and inpatient/outpatient care. A doctor in scrubs shaking hands with a patient, representing the healthcare services provided to individuals and families. Molina Healthcare, Inc. (NYSE:MOH) continues to actively work with state partners in order to restore Medicaid rates to appropriate levels. It has considered increased cost trends in the Medicare and Marketplace bids for 2026. Despite challenges, Molina Healthcare, Inc. (NYSE:MOH)'s strategic efforts and adjustments in rate filings reflect growth potential, justifying the analyst's rating. For FY 2025, the Premium revenue is expected to be ~$42 billion, reflecting an increase of ~9% from FY 2024. Molina Healthcare, Inc. (NYSE:MOH) expects its FY 2025 GAAP earnings to be no less than $16.90 per diluted share. Oakmark Funds, advised by Harris Associates, released its Q2 2025 investor letter. Here is what the fund said: 'Molina Healthcare, Inc. (NYSE:MOH) is a leading managed care company. The company is the fourth largest player in managed Medicaid and has consistently delivered industry-leading margins historically. In our view, this is thanks to Molina Healthcare's exceptional management team and culture of operational excellence. Moreover, we think Molina Healthcare has a long runway for growth given its small scale relative to peers and untapped opportunities in their Medicare and Marketplace business segments. Recently, the Medicaid industry has come under substantial pressure due to a challenging redetermination cycle and additional headwinds from legislation under the current administration. This provided the opportunity to, in our view, purchase shares in a best-in-class managed care company at depressed valuation on trough earnings.' While we acknowledge the potential of MOH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Yahoo
‘Idiot' Trump Aide Called Out for Failed Jab at Gavin Newsom
Gavin Newsom's press office called out 'idiot' White House Communications Director Steven Cheung for his attempted online attack of the California governor. Cheung, in a profane post on X, claimed the Democrat was 'too chicken s--t to take questions from the press' after his speech Thursday about congressional redistricting to counter similar GOP moves in Texas and other red states. Except that's exactly what Newsom did. Less than 15 minutes after Cheung called Newsom a 'coward' and 'beta cuck,' the governor's press office shot back in the replies. 'Questions are streamed here you idiot,' they wrote, linking to a question-and-answer session in which the governor fielded nine questions from reporters. The Newsom account highlighted Cheung's mistake in another post—this one directed to the public. 'Steven Cheung (incompetent Trump staffer) doesn't know how to use his computer. SAD!' they wrote, adopting Donald Trump's style of posting. The White House did not immediately respond to the Daily Beast asking if Cheung plans on deleting or editing his post. The recent trend by Newsom's press team of imitating Trump's tone was the topic of one of the questions Newsom responded to in the Q-and-A. 'I hope it's a wake-up call—the president of the United States, sort of following his example,' Newsom said. 'If you've got issues with what I'm putting out, you sure as hell should have concerns about what he's putting out as president,' he continued. 'So, to the extent it's got some attention, I'm pleased, but I think the deeper question is: how have we allowed the normalization of his tweets and Truth Social posts over the last several years to go without similar scrutiny and notice.' For days, that account has been aiming to make Trump aware of the purpose of Newsom's speech Thursday: announcing a November special election to vote on proposed new maps to nullify GOP-friendly redistricting in red states. Newsom reiterated to reporters Thursday that if states like Texas, Florida, Missouri, and Indiana call off their 'unprecedented, mid-decade, hyper-partisan gerrymander to rig the upcoming midterm elections,' then California's redistricting effort won't be necessary. But there don't appear to be signs of Republicans backing down. 'Gavin Newsom's latest stunt has nothing to do with Californians and everything to do with consolidating radical Democrat power, silencing California voters, and propping up his pathetic 2028 presidential pipe dream,' National Republican Congressional Committee spokesperson Christian Martinez said.

Associated Press
3 hours ago
- Associated Press
Texas Republicans set to resume push for redrawn US House maps
AUSTIN, Texas (AP) — Texas Republicans on Monday aimed to resume pushing through redrawn U.S. House district maps that would carve out a bigger GOP advantage in the 2026 midterm elections after state Democrats indicated they were ready to end a two-week walkout. In response, California Democrats are also moving ahead with their own reshaping of congressional districts to counteract Texas, putting in motion a potentially widening and unusually timed redistricting battle nationwide. The redrawing began in Texas but has been stalled since dozens of Democrats, who are the minority in each chamber, left the state on Aug. 3, with most of them going to Illinois. The absent lawmakers had signaled they were ready return to Austin after Republican Gov. Greg Abbott ended a first special session and California moved forward with its own plan. The Texas House was scheduled to try convening a quorum again Monday. Abbott put redistricting on the agenda at the urging of President Donald Trump, who wants to shore up Republicans' narrow U.S. House majority to avoid losing control of the chamber, and with it, prospects for Trump's conservative agenda in the later part of his term. It is unusual for redistricting to take place in the middle of the decade and typically occurs once at the beginning of each decade to coincide with the census. Many states, including Texas, give legislators the power to draw maps. California is among those that empower independent commissions with the task. The nation's two most populous states have been at the forefront of the resulting battle, which has reached into multiple courtrooms and statehouses controlled by both parties. On a national level, the partisan makeup of existing district lines puts Democrats within three seats of a majority. Of the 435 total House seats, only several dozen districts are competitive. So even slight changes in a few states could affect which party wins control. Texas' maps would aim to give the GOP five more winnable seats there. California Democrats, who hold supermajorities in both chambers — enough to act without any Republican votes — on Friday unveiled a proposal that could give Democrats there an additional five U.S. House seats. But any changes would first need the approval of state lawmakers and voters. Democratic California Gov. Gavin Newsom has said that his state will hold a Nov. 4 special referendum on the redrawn districts.