Strengthen Archives - DR News - News, Retirement, Finance

FDA Urged to Strengthen Warnings for Asthma Drug Singulair by New York Attorney General

Albany, New York – The New York attorney general’s office is urging the Food and Drug Administration (FDA) to take stronger actions against the use of an asthma drug known as montelukast, more commonly referred to as Singulair, due to concerns about its potential side effects, particularly in children. The Office of the Attorney General’s Health Care Bureau chief, Darsana Srinivasan, raised concerns in a letter to FDA Commissioner Robert Califf about the existing warnings …

Transformational Change: New Mexico PERA Embracing Private Assets to Strengthen Pensions

Santa Fe, New Mexico – The New Mexico Public Employees Retirement Association (PERA) is undergoing a significant transformation, shifting its focus towards private assets to enhance its financial performance and secure the retirement benefits of its members. In a move to diversify its investment portfolio, PERA aims to allocate a larger portion of its assets to private markets such as real estate, private equity, and infrastructure. This strategic shift comes at a time when traditional …

Social Security Overhaul Plan: Key Takeaways from Biden’s Proposal to Strengthen the Program

Washington, D.C. – For millions of Americans, Social Security is a critical source of income that plays a significant role in their financial well-being. A longitudinal study conducted by Gallup revealed that a vast majority of retirees, as well as future retirees, rely on their monthly Social Security checks to cover essential expenses. However, the foundation of this vital retirement program has been showing signs of strain for nearly forty years. With over 67 million …

Stock Market Gains Likely as Trump’s Re-election Prospects Strengthen Post-Assassination Attempt

Washington, D.C. — U.S. financial markets are poised for a temporary surge following a failed assassination attempt on former President Donald Trump, signaling an increased probability of his re-election in November as stated by financial experts. This comes after Trump survived an assassination attempt at a campaign rally, which analysts believe might bolster his chances for re-election. Following the incident, U.S. stock futures saw an uptick, suggesting a bolstered confidence among investors about a potential …

Retirement Crisis Looming: Experts Propose Abolishing Tax-Sheltered Savings Plans to Strengthen Social Security

Boston, MA – Planning for retirement is crucial to ensure financial security in later years. Unfortunately, many Americans are finding themselves unprepared for retirement, relying solely on Social Security. However, with estimates showing that Social Security may face serious challenges as early as 2035, experts are proposing new approaches to strengthen the program. Alicia Munnell of the Center for Retirement Research at Boston College and Andrew Biggs of the American Enterprise Institute have put forth …