'Crypto King' SBF gets 25 years in prison for financial fraud

Sam Bankman-Fried, co-founder of the defunct crypto exchange FTX, was sentenced to 25 years in prison for orchestrating one of the largest financial frauds in American history. This decision, handed down by U.S. District Judge Lewis Kaplan, comes after SBF was found guilty of defrauding customers and investors of billions of dollars. SBF's rise became a fall after he was convicted of charges including wire fraud, conspiracy to commit money laundering, and using customer funds for personal expenses.

SEE HOW SBF IS PREPARING FOR A LONG TIME IN PRISON

Biden administration curtails short-term health insurance

In a significant move aimed at bolstering consumer protection and combating what it terms "junk insurance," the Biden administration announced measures Thursday to curtail the expansion of short-term health insurance plans implemented by his predecessor. The actions are part of President Joe Biden's broader agenda to lower healthcare costs and enhance medical coverage for Americans.

WHAT WILL THE MOVE MEAN FOR HEALTHCARE COSTS?

NYC approves controversial toll to visit Lower Manhattan

Traveling in New York is already costly, but it just got worse as transit authorities have approved a controversial $15 toll, set to take effect in mid-June, for motorists entering the busiest part of Manhattan. The board of New York's Metropolitan Transportation Authority on voted 11-1 to impose the toll, the first in an American city, is aimed at encouraging the use of public transportation. 

HOW THE TOLL WORKS IN OTHER INTERNATIONAL CITIES