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Mamdani's Rent-Freeze Approved By NYC Guidelines Board
Mamdani's Rent-Freeze Approved By NYC Guidelines Board
The New York City Rent Guidelines Board voted 7–1 to freeze rents on about 1 million rent-stabilized apartments for up to two years, giving tenants a win on a central campaign promise from Mayor Zohran Mamdani while revealing tensions over the board’s independence.
The board set the annual increase at zero percent for both one-year and two-year leases starting in October. The affected apartments house roughly 2.5 million residents. The board’s 2025 study found the average monthly rent in regulated units was $1,599 last...
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Apr 1, 2026 / Kyle Anzalone
Trump Says He ‘Strongly’ Considering Withdrawing From NATO
President Donald Trump said that NATO is a “paper tiger” and he was considering pulling the US out of the Cold War-era alliance. This week, multiple NATO states declared that the US could not use their airspace for attacks on Iran. “I was never swayed by NATO. I always knew they were a paper tiger, […]
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Sep 21, 2026 / Tyler Durden
Investor Day Bust: Novo Nordisk Plunges As Wall Street's Turnaround Hopes Fade
Investor Day Bust: Novo Nordisk Plunges As Wall Street's Turnaround Hopes Fade
Novo Nordisk shares tumbled as much as 7.7% in Copenhagen trading after Wall Street analysts questioned the Danish drugmaker's turnaround efforts amid the loss of its GLP-1 lead to Eli Lilly & Co.
At its capital markets day earlier in London, Novo outlined plans for more than five blockbuster launches and over $23 billion in new sales in the coming years. But that comes as its obesity-market lead has been surrendered to Eli Lilly, and analysts were hoping for...
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Oct 14, 2026 / Tyler Durden
Two Emirati Ships Sink In Hormuz In Under 24 Hours As IRGC Claims 5-6 Vessels Targeted Nightly
Two Emirati Ships Sink In Hormuz In Under 24 Hours As IRGC Claims 5-6 Vessels Targeted Nightly
Update(1240ET): While dozens of ships have come under attack by Iran in the Hormuz Strait and nearby areas since the war began, resulting in damage and fires aboard vessels, it remains much more rare for a tanker to sink at a total loss.
However, the WSJ has confirmed Wednesday that two have completely sunk in the last 24 hours, the first of which we reported on below. Here are the further details via WSJ:
Two...
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