• Investors got rich looting needy hospitals. Patients paid the price.
• Ken Griffin’s move to relocate Citadel to Miami is paying off.
• Realtors’ monopoly over home buying just ended. Now comes the fun part.
• Ambition got him everything. Then it nearly destroyed him.

President Biden has said he’d sign the bill into law if it passes the Senate. Former President Donald Trump has defended TikTok, despite having tried to ban it himself when he was in the White House. Steven Mnuchin, Trump’s former treasury secretary, wants to buy it.

Got that? It took me a moment, too.

TikTok’s CEO urged users to contact their Senators. TikTok employees say that it’s still “business as usual” internally. Some users say a ban would hit their business hard.

China says a ban will “backfire on the US,” rhetoric that’s likely to put Tesla and Apple on high alert. China was already putting the squeeze on Western companies.

The bill now faces an uncertain future in the Senate. Ban or no ban, TikTok is under pressure. User growth has gone into reverse, and an emphasis on e-commerce is putting some users off.

The deals forced the hospitals to pay rent on what had always been their own property — adding to their already massive debts.

Inside private equity’s hospital heist. 

BI spoke with four employees who shared what the move to Wall Street South has been like. Workers described an exciting city scene and peaceful commutes to work.

Here’s what else they told us.

Also read:

• Wildfire-detecting balloons and justice nonprofits: How new Citadel hires are spending their garden leaves

Now, we’re about to enter a new age of experimentation as buyers and sellers start thinking hard about how they’ll pay their agents, and how much.

What that means for the future of homebuying.

Also read:

• America’s hidden homes

But his will to succeed kept pushing him harder and harder, transforming ambition into burnout and depression. It took a hellish toll on his life, nearly killing him.

Why he chose to break up with ambition.

“If you’re an employee being put on a PIP, that’s your opportunity to start looking around at other jobs. Somebody is saying they don’t want you there.”

• A Michelin-starred restaurant says a startup stole its name and is ruining its reputation.
• Lil Wayne got $9 million in pandemic aid by claiming to run a “drug-free workplace.”
• Costco’s CFO reveals what you can learn by arriving 30 minutes early to a job interview.
• Google employees learned they’re getting smaller pay bumps this year.
• San Antonio experimented with giving people $5,108 — no strings attached.
• Angela Chao’s death came after years of complaints about Tesla’s reverse gear shift.
• Polls are fueling “pessimism inflation” — and that’s going to wind up hurting all of us.

Matt Turner, deputy editor-in-chief, in New York. Jordan Parker Erb, editor, in New York. Dan DeFrancesco, deputy editor and anchor, in New York City. Lisa Ryan, executive editor, in New York.

Get in touch. Email us at insidertoday@insider.com

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