California files felony charges against 21 people in alleged $267m hospice fraud scheme
Suspects allegedly bought 14 hospice companies and used stolen identities to fraudulently bill state health planSign up for the Breaking News US email...
Last updated: 2026-04-14 11:27:06 ET
Pulse AI Brief
Updated Apr 14, 2026 11:00 AM ET
President Trump announced the U.S. military has blockaded Iranian ports to pressure Tehran, coinciding with renewed hopes for U.S.-Iran talks. Oil prices fell on the blockade announcement as markets weighed the dual signals of escalation and diplomatic engagement.
Oil volatility spiked on the blockade news but retreated as talk-friendly rhetoric offset military posturing. Asian equities rallied on de-escalation hopes, but energy markets remain sensitive to any disruption of Iranian crude exports, which could tighten global supply.
The blockade represents Trump's maximum-pressure strategy returning to Iran policy, but simultaneous diplomatic signals suggest negotiation remains possible. Any sustained blockade would reshape Middle East energy flows and geopolitical alignments, with ripple effects across commodities and equities.
Suspects allegedly bought 14 hospice companies and used stolen identities to fraudulently bill state health planSign up for the Breaking News US email...
The Minneapolis-based contractor says Nor-Cal Controls will help it pursue opportunities in the energy market.
Officials allege a $267 million hospice fraud scheme in California used stolen identities and shell companies to bill Medi-Cal for fake patient care.
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