Quick drop: US consumer confidence unexpectedly fell in September by its largest level in three years on concerns about the labor market and the outlook for the broader economy. The Conference Board’s gauge of sentiment decreased 6.9 points to 98.7, the biggest drop since August 2021, data out Tuesday showed. The figure was below all estimates in a Bloomberg survey of economists. Read more from Bloomberg. A subscription may be required.
Advancing research: LSU and Our Lady of the Lake Health have tapped five collaborative LSU research teams to receive the inaugural round of research funding through the Collaboration in Action program, launched from Our Lady of the Lake Health’s $170 million investment in LSU in 2022. Some $1.2 million will be distributed to the teams, which are researching cardiovascular disease and care; comprehensive cancer care; trauma and neuroscience; chronic respiratory disease; and sports medicine and performance.
Antitrust suit: The U.S. Department of Justice sued Visa for alleged antitrust violations on Tuesday, accusing one of the world’s largest payment networks of suppressing competition by threatening merchants with high fees and paying off potential rivals. Read more from Reuters.
