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SCOTUS weighed whether to scrap campaign finance limits. Following oral arguments yesterday, it wasn’t totally clear how the Supreme Court will rule in a case over the legality of existing caps on how much political parties can spend on candidates. Challenging those caps is a group of Republicans that includes Vice President JD Vance, who was an Ohio Senate candidate when the dispute began. Experts say that allowing unlimited spending by parties would likely benefit Republicans, as it would neutralize Democrats’ long-standing advantage with small-dollar contributions. That could save the GOP “tens of millions” during next year’s midterms, per the New York Times. A ruling is expected by July.
Trump pressed Ukraine to accept a peace deal with Russia. Ukrainian President Volodymyr Zelensky “is going to have to get on the ball and start accepting things,” President Trump said in an interview with Politico on Monday, adding that he believes “Russia has the upper hand” and Ukraine “is losing.” A draft of the US’ ceasefire proposal that circulated last month was widely seen as favorable to the Kremlin, and would give Russia parts of Ukraine’s Donbas region that it has not captured on the battlefield. Zelensky opposes ceding territory to Russia and said Ukraine is ready to present the US with a new proposal. Trump has reportedly given Zelensky “days” to accept a proposal that relinquishes territory to Russia in exchange for US security guarantees, according to the Financial Times.
CVS’s turnaround plan appears to be working. The pharmacy giant raised its 2025 profit outlook for the fourth time and projected more growth in 2026 following CEO David Joyner’s efforts to lift the company out of a tumultuous period across the industry due to rising medical costs. CVS’s overhaul included cost cuts and exits from underperforming markets, CNBC reported. The moves have excited investors: CVS shares have skyrocketed more than 70% this year and were up ~3% yesterday.—AE
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