DENVER — D.j. Mattern had her Type 1 diabetes under control until COVID-19’s economic upheaval cost her husband his hotel maintenance job and their health coverage. The 42-year-old Denver woman suddenly faced insulin’s exorbitant list price — anywhere from $125 to $450 per vial — just as their household income shrank.

She scrounged extra insulin from friends, and her doctor gave her a couple of samples. But, as she rationed her supplies, her blood sugar rose so high that her glucose monitor couldn’t even register a number. In June, she was hospitalized.

“My blood was too acidic. My system was shutting down. My digestive tract was paralyzed,” Mattern said, after three weeks in the hospital. “I was almost near death.”

So she turned to a growing underground network of people with diabetes who share extra insulin when they have it, free of charge. It wasn’t supposed to be this way, many thought, after Colorado last year became the first of 12 states — including Illinois — to put a cap on the co-payments that some insurers can charge consumers for insulin.

But, as the coronavirus pandemic has caused people to lose their jobs and health insurance, demand for insulin sharing has skyrocketed. Many who once had good insurance are now realizing the $100 cap for a 30-day supply is just a partial solution, applying only to state-regulated health plans.

It does nothing for the majority of people with employer-sponsored plans or those without insurance coverage. According to the Colorado chapter of Type 1 International, an insulin access advocacy group, only 3% of patients with Type 1 diabetes under 65 could benefit from the cap.

Such laws, often backed by pharmaceutical companies, give the impression things are improving, said Colorado chapter leader Martha Bierut. “But the reality is we have a

NEW YORK (Reuters) – U.S. stock exchanges have put New Jersey on notice: Pass a financial transaction tax and they will relocate their primary data centers, where billions of dollars of trades are executed daily – possibly to Chicago.

A move to the Windy City wouldn’t just save millions in annual tax dollars. It could also help level the playing field for market participants by making lightning-fast price changes harder to exploit by high-speed traders and promote deeper liquidity, industry members said.

That’s because all 16 U.S. stock exchanges have their disaster recovery sites in the same building at 350 East Cermak Road in Chicago, as opposed to their main sites, which currently reside in three data centers spread across a 50-mile swath of northern New Jersey.

In the electronic trading world, the physical distance a signal must travel is a key factor in how long it takes to get an order filled, and the race to get the best prices is one in which nanoseconds matter.

Moving to the Chicago site would reduce the possibility for latency arbitrage, where firms detect a trade on one exchange and then use microwave or laser technology and sophisticated algorithms to race to the other exchanges, executing trades and booking profits before those exchanges can update their prices.

“A lot of investments in fast infrastructure would become obsolete and a lot of trading strategies on that side would be eliminated,” said Jack Miller, head of trading at Robert W. Baird & Co.

Reducing latency arbitrage would make it easier for market participants to complete trades at their desired price, said a senior exchange executive who was not authorized to speak publicly on the matter. That would encourage larger displayed trade sizes with tighter spreads between the price at which an asset is being



a hand holding up a sign: Not just money: Here’s what employment exchanges and career centres in India need


© Swathi Moorthy
Not just money: Here’s what employment exchanges and career centres in India need

In July 2019, Satish Nalawade had enrolled with a Maharashtra-based employment exchange that has now become a model career centre (MCC). While he enrolled with the hope of securing a job matching his computer science skills, he has not found a single opportunity.

“We were told that the MCC would not only help us connect with companies hiring but would also equip us to gain relevant skills for the job role. However, except one job fair that was held in December 2019 there has been no development on the employment front,” he added.

Twenty-two-year-old Nalawade, who had completed a technical computing course from Pune in 2018, also said that the job fairs attracted merely 10 companies and the lockdown has only made things worse.

The central government has released Rs 42.56 crore as aid to States to set up model career centres across the country. However, with the absence of proper handholding for conversion of employment exchanges into model career centres, job opportunities are hard to come by.

Close to 10 million people are eligible to enter the workforce every year. Owing to the Covid-19 lockdown, close to 20 million people have lost their employment and are seeking alternative job opportunities.

Remodelling of the employment exchanges and MCCs to make them more IT ready and interlinking them with vacancies across the country could present a ray of hope for Nalawade and millions of other job seekers.

 What is MCC?

MCC is a part of the National Career Service, a five-year mission mode project launched by Prime Minister Narendra Modi in July 2015. The project is part of the Ministry of Labour & Employment.

Here, the National Career Service (NCS) is intended to be a