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Apple reveals complex system of App Store fees to avoid E.U. fine of 500 million euros

Apple Thursday made changes to its App Store European policies, saying it believes the new rules will help the company avoid a fine of 500 million euro ($585 million) from the EU for violating the Digital Markets Act.

The new policies are a complicated system of fees and programs for app makers, with some developers now paying three separate fees for one download. Apple also is going to introduce a new set of rules for all app developers in Europe, which includes a fee called the “core technology commission” of 5% on all digital purchases made outside the App Store.

The changes Apple announced are not a complete departure from the company’s previous policy that drew the European Commission’s attention in the first place.

Apple said it did not want to make the changes but was forced to by the European Commission’s regulations, which threatened fines of up to 50 million euros per day. Apple said it believed its plan is in compliance with the DMA and that it will avoid fines.

“The European Commission is requiring Apple to make a series of additional changes to the App Store,” an Apple spokesperson said in a statement. “We disagree with this outcome and plan to appeal.”

A spokesperson for the European Commission did not say that Apple was no longer subject to the fine. He said in a statement that the EC is looking at Apple’s new terms to see if the company is in compliance.

“As part of this assessment the Commission considers it particularly important to obtain the views of market operators and interested third parties before deciding on next steps,” the spokesperson said in a statement.

The saga in Brussels is the latest example of Apple fiercely defending its App Store policies, a key source of profit for the iPhone maker through fees of between 15% and 30% on downloads through its App Store.

It also shows that Apple is continuing to claim it is owed a commission when iPhone apps link to websites for digital purchases overseas despite a recent court ruling that barred the practice in the U.S.

Under the Digital Markets Act, Apple was required to allow app developers more choices for how they distribute and promote their apps. In particular, developers are no longer prohibited from telling their users about cheaper alternatives to Apple’s App Store, a practice called “steering” by regulators.

In early 2024, Apple announced its changes, including a 50 cent fee on off-platform app downloads.

Critics, including Sweden’s Spotify, pushed back on Apple’s proposed changes, saying that the tech firm chose an approach that violated the spirit of the rules, and that its fees and commissions challenge the viability of the alternative billing system. The European Commission investigated for a year, and it said on Thursday that it would again seek feedback from Apple’s critics.

“From the beginning, Apple has been clear that they didn’t like the idea of abiding by the DMA,” Spotify said last year.

Epic Games CEO Tim Sweeney, whose company successfully changed Apple’s steering rules in the U.S. earlier this year, accused Apple of “malicious compliance” in its approach to the DMA.

“Apple’s new Digital Markets Act malicious compliance scheme is blatantly unlawful in both Europe and the United States and makes a mockery of fair competition in digital markets,” Sweeney posted on social media on Thursday. “Apps with competing payments are not only taxed but commercially crippled in the App Store.”

The European Commission announced the 500 million euro fine in April. The commission at the time said that the tech company might still be able to make changes to avoid the fine.

Apple’s restrictions on steering in the United States were tossed earlier this year, following a court order in the long-running Epic Games case. A judge in California found that Apple had purposely misled the court about its steering concessions in the United States and instructed it to immediately stop asking charging a fee or commission on for external downloads.

The order is currently in effect in the United States as it is being appealed and has already shifted the economics of app development. As a result, companies like Amazon and Spotify in the U.S. can direct customers to their own websites and avoid Apple’s 15% to 30% commission.

In the U.S., Amazon’s iPhone Kindle app now shows an orange “Get Book” button that links to Amazon.com.

This post appeared first on NBC NEWS

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Cloudflare stock price forecast: eying ATH after flipping key resistance

Cloudflare stock price has gone parabolic and crossed an important resistance level as demand for its services and its market share soared. NET jumped to a high of $195, its highest level since November 2021, and 410% above its lowest point in 2022, giving it a market cap of over $60 billion.

Cloudflare demand is surging

Cloudflare is one of the biggest and most important companies globally, powering most websites and applications that people use today. Its main product is a Content Delivery Network (CDN), a system of distributed servers that ensure that pages load faster.

CDNs store cached versions of content on servers located globally. As a result, when users request content, the CDN company routes them to the nearest server, reducing latency and boosting load terms. 

Cloudflare has the biggest market share in the CDN industry, with over 40% share. This explains why you mostly see its service whenever you visit most websites today. Other solutions are jsDelivr, Amazon CloudFront, Akamai Technologies, Fastly, Google, and Microsoft. 

Cloudflare’s business has done well in the past few years, with its annual revenue jumping from $430 million in 2020 to $1.6 billion last year. 

This growth happened as it enrolled more clients, including highly trafficked websites like Walmart, Shopify, and Coinbase. It now has over 250,000 paying customers.

NET growth continues

The most recent results showed that Cloudflare’s growth continued surging in the first quarter. Its first-quarter revenue jumped by 27% in Q1 to $471 million, a strong figure for a company started in 2010.

This growth happened as the company’s large customers paying it over $100,000 a year jumped to 3,527, up from 2,156 in Q1’23. The company will likely continue doing well as the total addressable market jumped from $32 billion in 2018 to over $231 billion today.

The key benefit for the Cloudflare stock is that it has a high retention of 111% since most companies don’t switch their CDN service. 

Further, the company is able to upsell its customers new products, especially in the cybersecurity space. For example, it has become a big player in the DDoS protection, and website application firewalls.

The company is also expected to boost its profitability this year. Its earnings per share is expected to be 80 cents, up from 75 cents a year earlier. 

Analysts are also optimistic that its double-digit revenue growth will accelerate this year. The average estimate is that its revenue will grow by 25.5% this year to $2.1 billion, followed by $2.65 billion in 2026. 

The risk, however, is that the company has become highly overvalued, even based on the rule-of-40 metric. This is a popular metric that looks at a company’s revenue growth and margins. 

Cloudflare has a forward revenue growth of about 25% and a forward operating margin of 13%. This gives it a forward rule-of-40 metric of about 38%, slightly below 40

Cloudflare stock price technical analysis

NET stock price chart | Source: TradingView

The weekly chart shows that the NET stock price has surged in the past few months. It move above the crucial resistance point at $177.50, the highest swing in February. Moving above that resistance level invalidated the double-top pattern. 

Cloudflare share price has moved above the 50-week and 100-week Exponential Moving Averages (EMA). Further, the Relative Strength Index (RSI) and the MACD continued rising. 

Therefore, the stock will likely continue rising as bulls target the key resistance level at $220, the highest point in November 2021. A drop below the support at $177.50 will invalidate the bullish forecast. 

The post Cloudflare stock price forecast: eying ATH after flipping key resistance appeared first on Invezz

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What next for the Dave stock price after the 3,300% surge?

Dave stock price has been one of the best-performing companies in Wall Street in the past few months. After crashing to a low of $6 in 2023, it has jumped by over 3,300%, giving it a market capitalization of over $3.3 billion. So, does Dave has more upside?

Dave stock price technical analysis

The weekly chart shows that the Dave share price has been on a rollercoaster in the past few months. It remained in a consolidation between July 2022 and early 2024. This consolidation was part of the accumulation of the Wyckoff Theory. 

It then moved into the markup phase, which is characterized by substantially higher demand than supply. It remains in this range today, and the trend is gaining strength as the Average Directional Index (ADX) has jumped to 54. An ADX figure of above 20 is usually a sign that a trend is strengthening. 

The Relative Strength Index (RSI) has remained above the extreme overbought level of 81. Similarly, the Stochastic Oscillator and the MACD indicators have continued soaring.

Most importantly, the stock has moved to the 50% Fibonacci Retracement level at $250, another sign that the momentum is continuing.

Therefore, the Dave stock price will likely continue rising as bulls target the next key resistance level at $300, up by 20% from the current level. A drop below the support at $200 will invalidate the bullish view.

DAVE stock chart | Source: TradingView

Read more: From best to worst: Why Trade Desk stock has crashed and what next

Why the Dave share price is surging

Dave Inc. is a fast-growing fintech company providing banking services, mostly to consumers living paycheck to paycheck. Its most popular service is known as ExtraCash, which offers a 0% interest overdraft product.

Its overdraft cost is significantly smaller than other companies. It costs about $5, much lower than the average $35 in the US. Also, the company hahas  o minimum balance and has zero maintenance fees.

It also offers Dave Checking, a deposit account offered through its banking partners. It also offers personal financial management solutions like budgets and side hustles. 

Dave’s growth has continued in the past few years, with its annual revenue rising from over $121 million in 2020 to over $347 million last year. 

Most notably, the company has broken even, with its net loss moving from $128 million in 2022 to $48 million in 2023. It made a net profit of over $57.8 million last year. 

The most recent results showed that the company’s quarterly revenue increased by 47% to $108 million, surpassing the expectations of most analysts. This growth happened as its ExtraCash origination volume soared by 46%.

Analysts are highly optimistic that the company has more room to grow. The average second-quarter revenue estimate is $112.8 million, up by 40% from last year. 

The average estimate is that its revenue will grow to $468 million this year, followed by $551 million in 2026. Its management estimates that the revenue will be between $460 million and $475 million. 

Dave is also expected to be more profitable. The management boosted its adjusted EBITDA from $110m and $120m to between $155m and $165m. The real EBITDA figure will likely be better than estimates because the management is often highly conservative.

Top Dave’s metrics are moving in the right direction, with the average revenue per user (ARPU) jumping by 29% in the last quarter to $171. 

The main risk, however, is that Dave stock price is highly overvalued, with a forward P/E ratio of 40, much higher than the sector median of 11. Also, there is a risk that it may move into the markdown phase of the Wyckoff theory.

Read more: Cloudflare stock price forecast: eying ATH after flipping key resistance

The post What next for the Dave stock price after the 3,300% surge? appeared first on Invezz

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Here’s why Coinbase stock price is about to explode higher

Coinbase stock price has surged by over 140% from its level in April, and is now hovering at its highest level since 2021 when it surged to its all-time high. Its market capitalization has jumped to over $90 billion, making it one of the top financial services companies in the US. This article explores why the COIN share price is about to explode higher soon. 

Coinbase stock price to explode as Bitcoin nears breakout

The main bullish catalyst for the Coinbase share price is the upcoming Bitcoin breakout after days of consolidation.

First, as the long-term chart below shows that Bitcoin sits slightly below the ascending trendline that connects the highest swings since December 2017. It failed to move above that level in April and November 2021, and January and May this year. 

Notably, Bitcoin has formed two rounded bottoms in this period. Therefore, my expectation is that the BTC price will eventually surge above the upper side of this ascending trendline. Such a move above the multi-year line will likely lead to more gains in the long term. 

BTC price chart | Source: TradingView

Read more: Bitcoin price prediction: BTC path to $300,000 revealed

Second, the shorter-timeframe Bitcoin price chart points to more gains in the coming weeks. It has formed a bullish flag pattern, comprising of a tall vertical line and a descending channel. This pattern normally leads to more gains over time.

Bitcoin has also created a cup-and-handle pattern, comprising of a rounded bottom and a consolidation. In this case, the consolidation is part of the handle section of the cup-and-handle pattern. 

Therefore, the most likely scenario is where the Bitcoin price stages a strong comeback in the near term. If this happens, Bitcoin could surge to at least $150,000 later this year. 

BTC price chart | Source: TradingView

Why COIN stock rises when Bitcoin is jumping

A strong Bitcoin price comeback is bullish for Coinbase for three main reasons. First, Coinbase shares often do well when Bitcoin is in a strong uptrend and drop when it is falling. This performance is usually because of the overall market sentiment.

Second, Coinbase is one of the biggest Bitcoin holders in Wall Street with over 9,260 coins currently valued at almost $1 billion. As such, Coinbase’s balance sheet improves when BTC is in an uptrend. 

Third, Bitcoin gains often translates to higher altcoin prices over time, which is notable because Coinbase is a top player in the staking industry. Also, higher prices lead to a more transactions, which benefits Coinbase and other companies. 

Further, Coinbase is benefiting fro the ongoing Bitcoin and Ethereum ETF inflows because it is the biggest custodian in the industry. Spot Bitcoin ETFs have added almost $50 billion in inflows this year, while Ethereum are nearing the $4 billion milestone. 

Coinbase share price analysis

COIN price chart | Source: TradingView

The daily chart shows that the COIN share price has jumped in the past few months. It has formed a golden cross pattern as the 50-day and 200-day moving averages crossed each other. 

Coinbase stock has formed a cup-and-handle pattern, a popular bullish continuation sign. This pattern comprises of a rounded bottom and some consolidation.

The cup has a depth of about 58%, and measuring the same percentage from its upper side gives it a target of $551, up by over 55% from the current level. 

The post Here’s why Coinbase stock price is about to explode higher appeared first on Invezz

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Here’s why the Celsius Holdings stock price is ripe for more gains

Celsius Holdings stock price has bounced back in the past few weeks. CELH share price has rebounded from a low of $21 in February this year, to the current $45, its highest level since August 24. It has jumped by over 115% from the lowest point this year.

Celsius Holdings stock price technical analysis

The daily chart shows that the CELH stock price has bounced back in the past few months as investors bought the dip. It has recently formed a golden cross pattern as the 50-day and 200-day Exponential Moving Averages (EMA) crossed each other. A golden cross is one of the most bullish patterns in technical analysis.

Celsius Holdings share price has jumped above the 23.6% Fibonacci Retracement level. It is approaching the 38.2% retracement point at $50. 

CELH stock recently moved above the crucial resistance at $40, where it formed a small double-top pattern. The Relative Strength Index (RSI) and the MACD indicators have continued rising, a sign that it is gaining momentum. 

Celsius has also formed an inverse head-and-shoulders pattern, a popular bullish reversal sign.

Therefore, technicals suggest that the Celsius stock price will continue rising as bulls target the next key resistance level at $60, the 50% Fibonacci Retracement level. 

A drop below the key support at $40 will invalidate the bullish CELH stock price forecast. 

CELH stock chart | Source: TradingView

Key catalysts for the CELH stock price

There are a few reasons why the Celsius stock price is in an uptrend. First, the company recently closed the purchase of Alani in a $1.8 billion deal. 

Alani manufactures premium energy drinks, supplements, and other nutrition products. It made over $605 million in 2024 and had an adjusted EBITDA of $88 million. 

Most of its revenue comes from premium energy drinks, while the others are in products like shakes, pre-workout, and snacks. Celsius hopes that Alani will help it reach more female clients, who make up most of its customers. 

Celsius Holdings and Alani Nu had a combined annual revenue of $1.96 billion in 2024 and a net income margin of 12%. The deal is expected to yield approximately $50 million in annualized synergies.

Traders anticipate that the deal will help bring Celsius back to growth. The most recent financial results showed that Celsius’ sales dropped by 7% in Q1 to $329 million. This was a big reversal for a company that was recording double-digit growth in the past few months. 

Most of the decline came from North America, where revenue dropped by 10% to $306 million. This slowdown was offset by the 41% surge in its international sales, which rose to $22.8 million. 

Celsius Holdings’s profits also plunged, with the net income falling by 43% to $44 million and the diluted EPS falling to 15 cents. 

Analysts anticipate that Celsius Holdings revenue will surge by 58% in the current quarter to $636 million because of Alani’s purchase. This growth will translate to an annual revenue of $2.18 billion and $2.66 billion next year. 

The post Here’s why the Celsius Holdings stock price is ripe for more gains appeared first on Invezz

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Rubio condemns Iran’s ‘unacceptable’ threats against IAEA director

Secretary of State Marco Rubio on Saturday said alleged calls in Iran for the arrest and execution of International Atomic Energy Agency (IAEA) Director General Rafael Mariano Grossi are ‘unacceptable and should be condemned.’

Rubio’s warning came after Iranian parliament vice speaker Hamid Reza Haji Babaei banned Grossi and removed surveillance from its nuclear facilities, accusing Israel of acquiring ‘sensitive facility data,’ according to a report from Mehr news.

‘We support the lAEA’s critical verification and monitoring efforts in Iran and commend the Director General and the lAEA for their dedication and professionalism,’ Rubio wrote in an X post. ‘We call on Iran to provide for the safety and security of IAEA personnel.’

The lAEA this week commented on damage at Iranian nuclear facilities, following U.S. airstrikes on key nuclear sites in Iran, including Fordow, Natanz and Isfahan.

While speaking on Fox News’ ‘The Story with Martha MacCallum,’ Grossi said Isfahan and Natanz were damaged, with Natanz showing ‘very serious damage’ in one of the centrifuge halls where enrichment was being performed.

Though a ceasefire agreement was made between Israel and Iran, Grossi alleged 900 pounds of potentially enriched uranium had been taken to an ancient site near Isfahan.

‘I have to be very precise, Martha,’ Grossi said. ‘We are the IAEA, so we are not speculating here. We do not have information of the whereabouts of this material.’

He claimed Iranian officials had told him they were taking protective measures, which could include moving the material.

‘My job is to try to see where is this material, because Iran has an obligation to report and account for all the material that they have, and this is going to continue to be my work,’ Grossi said.

President Donald Trump withdrew from the 2015 nuclear deal Tehran signed with the U.S., U.K., European Union, France, Germany and Russia in 2018, prompting Iranian threats to remove cameras and limit access to its facilities.

Rubio did not immediately respond to Fox News Digital’s request for comment.

Fox News Digital’s Greg Wehner contributed to this report.

This post appeared first on FOX NEWS

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Chief Justice Roberts sounds alarm on dangerous rhetoric aimed at judges from politicians

U.S. Supreme Court Chief Justice John Roberts warned Saturday of the dangers of politicians using heated rhetoric against judges. 

‘It becomes wrapped up in the political dispute that a judge who’s doing his or her job is part of the problem,’ Roberts said in Charlotte, North Carolina, at the Judicial Conference of the Fourth Circuit, a gathering of judges and lawyers. 

‘And the danger, of course, is somebody might pick up on that. And we have had, of course, serious threats of violence and murder of judges just simply for doing their work. So, I think the political people on both sides of the aisle need to keep that in mind.’

Roberts didn’t name anyone but appeared to be referencing President Donald Trump and Senate Democratic leader Chuck Schumer when he said he’d felt compelled to speak out against rhetoric by Democrats and Republicans in the past. 

Trump has criticized judges many times over the years, including calling for the impeachment of a judge who ruled against a deportation policy earlier this year, referring to him as ‘radical left’ and a ‘lunatic.’ 

Roberts responded at the time, saying, ‘For more than two centuries, it has been established that impeachment is not an appropriate response to disagreement concerning a judicial decision. The normal appellate review process exists for that purpose.’

In 2020, Roberts condemned Schumer for saying that Trump-appointed Supreme Court justices Brett Kavanaugh and Neil Gorsuch would ‘pay the price’ regarding an abortion rights case during Trump’s first term. 

‘You have released the whirlwind, and you will pay the price,’ Schumer said at a rally outside the Supreme Court at the time. ‘You will not know what hit you if you go forward with these awful decisions.’

Schumer later said he was referring to the political price he believed Senate Republicans would pay, but he said, ‘I shouldn’t have used the words I did, but in no way was I making a threat. I never, never would do such a thing, and Leader McConnell knows that.’ 

Roberts, at the time, said of Schumer, ‘Justices know that criticism comes with the territory, but threatening statements of this sort from the highest levels of government are not only inappropriate, they are dangerous. All members of the court will continue to do their job, without fear or favor, from whatever quarter.’

In April, an armed man who was arrested outside of Kavanaugh’s home pleaded guilty to attempting to assassinate the justice. 

Roberts’ remarks came after the Supreme Court issued the final decisions of its term, handing the Trump administration a win Friday by limiting judges’ ability to block his agenda through court orders. 

The Associated Press contributed to this report.

This post appeared first on FOX NEWS

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Senate Republicans ram Trump’s ‘big, beautiful bill’ through key test vote

Senate Republicans rammed President Donald Trump’s ‘big, beautiful bill’ through a procedural hurdle after hours of tense negotiations that put the megabill’s fate into question. 

Speculation swirled whether Republicans would be satisfied by the latest edition of the mammoth bill, which was released just before the stroke of midnight Saturday morning.

Nearly every Republican, except Sens. Thom Tillis, R-N.C., and Rand Paul, R-Ky., all voted to unlock a marathon 20-hour debate on the bill. Senate Majority Leader John Thune, R-S.D., could only afford to lose three votes.

Though successful, the 51-49 party line vote was not without drama.

Sen. Ron Johnson, R-Wis., flipped his vote from a ‘no’ to ‘yes’ in dramatic fashion, as he and Sens. Rick Scott, R-Fla., Cynthia Lummis, R-Wyo., and Mike Lee, R-Utah, made their way to the Senate floor accompanied by Vice President JD Vance.

Vance was called in case he was needed for a tie-breaking vote, but only his negotiating services ended up being used.

No lawmaker wanted to be the fourth and final decisive vote to kill the bill. Republican leadership kept the floor open for nearly four hours while negotiations continued – first on the Senate floor and then eventually in Thune’s office.

The bill won’t immediately be debated thanks to Senate Democrats’ plan to force the reading of the entire, 940-page legislative behemoth on the Senate floor, which could drain several hours and go deep into the night.

The megabill’s fate, and whether it could pass its first test, was murky at best after senators met behind closed doors Friday, and even during another luncheon on Saturday.

Lingering concerns in both chambers about Medicaid — specifically the Medicaid provider tax rate and the effect of direct payments to states — energy tax credits, the state and local tax (SALT) deduction and others proved to be pain points that threatened the bill’s survival.

 

However, changes were made at the last-minute to either sate holdouts or comply with the Senate rules. Indeed, the Senate parliamentarian stripped numerous items from the bill that had to be reworked.

The Medicaid provider tax rate was kept largely the same, except its implementation date was moved back a year. Also included as a sweetener for lawmakers like Sens. Susan Collins, R-Maine, Josh Hawley, R-Mo., and others was a $25 billion rural hospital stabilization fund over the next five years.

Collins said that she would support the bill through the procedural hurdle, and noted that the rural hospital stabilization fund was a start, but whether she supports the bill on final passage remains to be seen.

‘If the bill is not further changed, I will be leaning against the bill, but I do believe this procedural vote to get on the bill so that people can offer amendments and debate it is appropriate,’ Collins said.

Tillis, who is also concerned about the changes to Medicaid and would like to see a return to the House GOP’s version, said that he would not vote in favor of the bill during final passage.

The SALT deduction included in the House GOP’s version of the bill also survived, albeit the $40,000 cap will remain intact for five years. After that, the cap will revert to its current $10,000.

Other sweeteners, like expanding nutrition benefit waivers to Alaska and a tax cut for whaling boat captains, were thrown in, too, to get moderates like Sen. Lisa Murkowski, R-Alaska, on board with the bill.

Lee announced that he withdrew his open lands sale provision, which proved a sticking point for lawmakers in Montana and Idaho. 

Still, Republicans who are not satisfied with the current state of the bill will use the forthcoming ‘vote-a-rama,’ when lawmakers can offer an unlimited number of amendments, to try and change as much as they can before final passage. 

Democrats, however, will use the process to inflict as much pain as possible on Republicans.

Once the amendment marathon concludes, which could be in the wee hours of Monday morning, lawmakers will move to a final vote to send the bill, which is an amendment to the House GOP’s version of the ‘big, beautiful bill,’ back to the lower chamber.

From there, it’s a dead sprint to get the package on the president’s desk by July 4.

In a statement of administration policy obtained by Fox News Digital, Trump signaled that he would sign the bill.

‘President Trump is committed to keeping his promises,’ the memo read. ‘And failure to pass this bill would be the ultimate betrayal.’ 

This post appeared first on FOX NEWS

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Schumer to force Senate reading of Trump’s entire ‘big, beautiful bill’

The top Democrat in the Senate plans to inflict maximum pain on Senate Republicans in their march to pass President Donald Trump’s ‘big, beautiful bill’ before lawmakers even get a chance to debate the legislative behemoth.

Indeed, Senate Minority Leader Chuck Schumer, D-N.Y., plans to force clerks on the Senate floor to read the entirety of the GOP’s 940-page megabill. His move to drain as much time as possible will come after Republicans vote on a key procedural test to open debate on the legislation.

‘I will object to Republicans moving forward on their Big, Ugly Bill without reading it on the Senate floor,’ Schumer said on X. ‘Republicans won’t tell America what’s in the bill

‘So Democrats are forcing it to be read start to finish on the floor,’ he said. ‘We will be here all night if that’s what it takes to read it.’

Indeed, staffers were seen carting the bill onto the Senate floor in preparation for the all-night read-a-thon.

Schumer’s move is expected to take up to 15 hours and is designed to allow Senate Democrats more time to parse through the myriad provisions within the massive legislative text. Ultimately, it will prove a smokescreen as Senate Republicans will continue to march toward a final vote.

Once the bill reading is done, 20 hours of debate evenly divided between Democrats and Republicans will begin, likely early Sunday morning. Democrats are expected to use their entire 10-hour chunk, while Republicans will go far under their allotted time.

Then comes the ‘vote-a-rama’ process, where lawmakers can offer an unlimited number of amendments to the bill.

Democrats will again look to extract as much pain as possible during that process, while Republicans, particularly senators that have lingering issues with key Medicaid and land sale provisions, will continue to try and shape and mold the bill.

The last time clerks were forced to read the entirety of a bill during the budget reconciliation process was in 2021, when Senate Democrats held the majority in the upper chamber.

At the time, Sen. Ron Johnson, R-Wis., demanded that the entire, over-600-page American Rescue Act be read aloud. Schumer, who was the Senate Majority Leader attempting to ram then-President Joe Biden’s agenda through the upper chamber, objected to the reading. 

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