Ackman estimates nutrition clubs contribute 'enormously' to Herbalife results Ackman says Herbalife insiders are selling while the company is repurchasing shares. Bill Ackman continues his presentation on Herbalife.
Appeals court bars subsidies in health care law A three-judge panel of the D.C. Circuit Court of Appeals struck down part of President Obama's healthcare law by siding today with plaintiffs who argued that the law barred the government from giving subsidies to people in states that chose not to set up their own insurance marketplaces. The appeals court stated, "Because we conclude that the ACA unambiguously restricts the section 36B subsidy to insurance purchased on Exchanges 'established by the State,' we reverse the district court and vacate the IRSís regulation." Twenty-seven states decided against setting up marketplaces, and another nine states partially opted out, according to the Washington Post.