Latest news with #NANC
Express Tribune
12-05-2025
- Politics
- Express Tribune
IHC steps in to stop on-campus drug use
The capital's high court has stopped direct delivery of courier and goods ordered online including food to students of the educational institutions in Islamabad to prevent supply of narcotics. Islamabad High Court's (IHC) Justice Inaam Ameen Minhas on Monday resumed hearing a petition seeking changes in curricula to create awareness among children and young people about the adverse effects of drugs and narcotic substances. During the hearing, Justice Minhas asked officials whether they knew how narcotics made its way to schools, colleges and universities. He remarked that drugs are being delivered to schools and colleges through couriers and delivery personnel. "Check and report which schools and colleges are receiving what kind of deliveries. Children order pizza and food items and along with them, they also get drugs delivered. A ban must be imposed on direct deliveries by all delivery personnel," he said. Justice Minhas ordered authorities to stop direct delivery to students and to take action against the educational institutions that do not comply. "Implement this and present a report on the next hearing. Check which schools and colleges are frequently receiving direct deliveries. Take action against those institutions that do not comply," he said. During the hearing, the judge also asked if the National Anti-Narcotics Council (NANC) had been formed. Under the National Narcotics Policy, 2010, the NANC was to be set up in order to evaluate and review anti-narcotics policy. The judge noted that the NANC was to be a high-powered council to work under the chairmanship of the prime minister with the chief ministers of the provinces as its members. The IHC ordered the secretary cabinet affairs to submit a report in this regard and adjourned the hearing until May 28. At an earlier hearingon April 8 the Islamabad police had admitted in a report that they prioritize the security of VIPs over making efforts to curb the growing menace of drug use in educational institutions. The judge had expressed displeasure at the police's stance and issued a show-cause notice to the assistant inspector general (operations), directing him to explain why VIP security took precedence over student safety and anti-narcotics operations, said a news report. WITH INPUT FROM NEWS DESK
Yahoo
16-04-2025
- Business
- Yahoo
How Congress-Tracking ETFs Reacted to the Market Drawdown
The performance gap between ETFs tracking Democratic and Republican congressional trading has widened this quarter amid recent market turbulence, with the Unusual Whales Subversive Democratic Trading ETF (NANC) seeing stronger flows despite weaker returns compared to its GOP counterpart. NANC has underperformed the Unusual Whales Subversive Republican Trading ETF (KRUZ) by more than 10 percentage points during the three-month period, according to data. While NANC is down 10.5% over three months, KRUZ has nearly broken even with just a 0.2% decline during the same period. Despite this performance gap, investors continue showing stronger interest in NANC, which has attracted $14.1 million in net inflows over three months compared to $9.8 million for KRUZ, according to data. The Democratic-aligned fund also maintains a larger asset base at $195.8 million versus $53.9 million for the Republican-focused ETF. These congressional-trading ETFs have gained attention as they offer retail investors exposure to portfolios resembling those of elected officials, raising important questions about potential conflicts of interest when lawmakers with advance knowledge of legislation make market transactions that could benefit from their policy decisions. Source: ETF Comparison Tool Comparing ETFs is essential for identifying the right investment that aligns with your risk tolerance, time horizon and financial goals. The ETF Comparison Tool at eliminates guesswork by offering a clear, side-by-side breakdown of critical metrics. Give it a try right here. The performance divergence comes amid heightened market volatility triggered by White House tariff actions. On April 2, President Donald Trump announced a tariff increase that sent markets plunging, though they subsequently rebounded after he announced a 90-day pause on most tariffs. During this period of volatility, recent stock trading by lawmakers has drawn renewed attention to congressional investment practices. Rep. Marjorie Taylor Greene (R-GA) made headlines last week when she purchased shares in Inc. (AMZN), Tesla Inc. (TSLA) and Apple Inc. (AAPL) just before the tariff pause announcement, according to reporting. Greene has attributed these trades to her financial advisor and denied any wrongdoing. The scrutiny of congressional trading gained momentum following the notoriety of former House Speaker Nancy Pelosi's (D-CA) stock-trading success in recent years. Trades by legislators from both parties have fueled debate about potential conflicts of interest when lawmakers with access to privileged information make investment decisions These high-profile trading activities highlight the investment strategies reflected in both congressional ETFs. Looking at their underlying holdings reveals distinct investment patterns along party lines. NANC's top holdings are tech-heavy, with Nvidia Corp. (NVDA) (8.9%), Microsoft Corp. (MSFT) (8%) and AMZN (5.2%) leading the portfolio, according to data. KRUZ shows more balanced sector allocation with JPMorgan Chase & Co. (JPM) (4.3%), AT&T Inc. (T) (2.9%) and Comfort Systems USA Inc. (FIX) (2.9%) as its largest positions. The recent trading activity has rekindled reform efforts. Rep. Alexandria Ocasio-Cortez (D-NY) has advocated for a complete ban on congressional stock trading to restore public trust, while Sen. Elizabeth Warren (D-MA) has expressed concern about potential conflicts of interest, warning that Americans shouldn't have to question whether lawmakers are making decisions for personal financial | © Copyright 2025 All rights reserved
