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AP National Business

A retro feel to Biden’s plan for covering OTC virus testing

By RICARDO ALONSO-ZALDIVAR Associated Press WASHINGTON (AP) — The Biden administration’s plan for health insurers to reimburse consumers for over-the-counter COVID-19 tests is recalling the model of a bygone era when the companies processed large volumes of claims from individuals — with paper receipts. It’s unclear if the buy-first, get-paid-later approach will spur people to

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FDA pick Califf parries questions at confirmation hearing

By RICARDO ALONSO-ZALDIVAR and MATTHEW PERRONE Associated Press WASHINGTON (AP) — President Joe Biden’s pick to lead the Food and Drug Administration parried questions on crises ranging from the COVID pandemic to the opioid epidemic at his confirmation hearing Tuesday. Dr. Robert Califf’s appearance before the Senate Health, Education, Labor and Pensions committee seemed to

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Treasury awards $8.7B for lending in minority communities

WASHINGTON (AP) — The Treasury Department will release $8.7 billion to help increase lending to small and minority-owned businesses and to people living in poorer communities with limited access to banking. The funds from the Emergency Capital Investment Program will go to 186 community-based financial institutions. Vice President Kamala Harris and Treasury Secretary Janet Yellen

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Officials: Virginia IT agency hit with ransomware attack

By SARAH RANKIN and ALAN SUDERMAN Associated Press RICHMOND, Va. (AP) — The information technology agency that serves Virginia’s legislature has been hit by a ransomware attack that has substantially affected its operations. A spokesperson for Gov. Ralph Northam on Monday confirmed the attack on Virginia’s Division of Legislative Automated Systems. The spokesperson says the

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