Michael Barr is stepping down from his position as the Federal Reserve’s vice chair for supervision by Feb. 28, potentially to avoid a legal battle with President-elect Donald J. Trump’s administration over his removal. Barr will remain on the Board of Governors, but his departure may stall bank regulatory actions until a successor is appointed, impacting the Fed’s independence and oversight of the financial system. Barr’s decision comes after facing criticism for overseeing a proposal to increase bank capital requirements, and speculation arises on the future of regulatory rules under a Trump administration.
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Why GeneDx Holdings Stock Blasted 8% Higher Today
GeneDx Holdings (NASDAQ: WGS) saw its stock rise over 8% following a strong second-quarter earnings report that revealed nearly $103 million in revenue, a 49% year-over-year increase, driven by a 69% surge in exome and genome testing sales. This performance stood in stark contrast to the S&P 500's modest 0.3% decline. Want More Context? 🔎
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