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$66 billion | The federal budget deficit during May, 50% lower than a year earlier as the government slashed spending on pandemic programs, according to the Treasury Department. Government receipts declined due to a return to an April filing deadline for individual tax returns this year. In 2021, it was postponed to May. |
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18% | The decline in the number of luxury homes—defined as the top 5% of the market—sold from Feb. 1 to April 30, relative to sales during the same period in 2021, according to real-estate brokerage Redfin. Even wealthy buyers are starting to back away from the U.S. housing market. |
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| Anna Kendrick and George Clooney in ‘Up in the Air.’ PHOTO: DREAMWORKS/EVERETT COLLECTION |
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How well do you know movies that are about business? |
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From “The Man in the Grey Flannel Suit” to “Up in the Air,” test your knowledge in this quiz. |
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"In the last decade, a giant lovefest has taken over our day-to-day interactions so thoroughly that to abstain from appending heart emojis to everything that comes your way leaves you feeling sidelined." |
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—Writer Caitlin Macy, who dissects today’s penchant for declaring our feelings in public in this week’s Saturday Essay |
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FDA Set to Get More Power to Pull Fast-Tracked Drugs That Don’t Work (Read) Rural America Reels From Violent Crime. ‘People Lost Their Ever-Lovin’ Minds.’ (Read) Parents Seek More Support From Employers During School Holidays (Read) For Travelers, Airport Parking Is the Latest Headache (Read) The Pandemic Pet Boom Has Legs (Read) |
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| Model Sunnaya Nash showcases quintessentially relaxed warm-weather glam. PHOTO: VINCE AUNG FOR THE WALL STREET JOURNAL, MAKEUP BY HADIA KABIR, HAIR STYLING BY DALLIN JAMES, MODEL: SUNNAYA/ ELITE |
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Hot weather calls for a lighter beauty strategy and a cooler wardrobe. |
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It’s already high summer in New York, so Katharine K. Zarrella, fashion director of WSJ’s Off Duty section, plans to spend the weekend in sleeveless polka-dot dresses and tulle-trimmed T-shirts. Also on her agenda: Heeding this guide to warm-weather beauty routines by swapping her winter skincare for summer-friendly products. |
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Digital-health reporter Rolfe Winkler has been reporting on Cerebral, an online mental-health startup that hit a $4.8 billion valuation, fueled in part by prescribing Adderall to patients with ADHD. Now, federal prosecutors are investigating the company’s prescriptions of controlled substances, such as Adderall, the company has said, and retailers CVS and Walmart have stopped filling its controlled-substance prescriptions. Cerebral has said it is no longer prescribing most controlled substances and that a “single-digit percentage” of its patients were given a controlled substance to treat ADHD. Email Rolfe at Rolfe.Winkler@wsj.com or leave a tip through this feedback form. |
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What were the first signs that something was wrong at Cerebral? |
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The first concern raised by observers was the company’s heavy advertising for ADHD treatment on social media. One set of ads on Instagram and TikTok connecting overeating with ADHD was ultimately taken down. The ads primed people to expect easy prescriptions for Adderall, some nurse practitioners said. |
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What’s next for Cerebral? |
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ADHD treatment has recently been about 20% of Cerebral’s business, documents show. But the company has money in the bank—about $460 million raised from venture capital—and continues to treat patients for anxiety, depression, as well as ADHD (though it will no longer prescribe stimulants). The company has warned employees to expect layoffs. |
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What might this mean for the future of prescribing medicine online? |
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The Ryan Haight Act requires practitioners to conduct in-person evaluations before prescribing any controlled substance.height of the pandemic, the guardrails were removed from telehealth because in-person visits were impossible. Whenever the public-health emergency ends, the law will snap back unless there are carve-outs. So the option to prescribe stimulants online may not last a long time, but there is definitely a future for telehealth. Cerebral has said that it’s making mental health care accessible at a time when demand outstrips supply, and in many cases we’ve found that is true. There are certainly patients, including those with ADHD, who tell us that accessing healthcare and prescription medication online through Cerebral has been a godsend. |
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Call it bringin’ in the rain. Soggy Broadway shows with watery scenes challenge set designers—and deluge the Tony Awards. |
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Today's newsletter was curated by Zlati Meyer in collaboration with audience interaction producer Gretchen Tarrant and publishing editor Rich Bellis in New York. Sign up for WSJ newsletters on markets, tech, careers and more. |
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