Business
SEC proposal aims to bring crypto innovation and investment onshore
SEC Chairman Paul Atkins details what he calls the agency’s most historic step yet on crypto regulation and expresses hope that the CLARITY Act will reach President Trump’s desk.
The Securities and Exchange Commission (SEC) is moving to give crypto companies a clearer path to raise capital in the United States as the agency seeks to bring crypto-asset investment and innovation back onshore while keeping activity under U.S. law.
SEC Chairman Paul Atkins joined FOX Business’ Cheryl Casone on “Mornings with Maria” to discuss the agency’s new crypto proposal, its exemptions and the broader push to make the U.S. the “crypto capital” of the world.

SEC Chair Paul Atkins unveils proposal to bring crypto investment back to the U.S. (Al Drago/The Washington Post/Bloomberg / Getty Images)
“Our regulation crypto assets that we’re calling it, that we’ve proposed is our most historic step yet to try to bring reality to the president’s call to make the United States the crypto capital world,” Atkins said.
The proposal comes as Congress considers the CLARITY Act, which Atkins said he hopes will ultimately reach the president’s desk. The SEC is moving ahead with its own proposal and seeking public comment as it develops a regulatory framework alongside Congress’ work on the legislation.
SEC Commissioner Mark Uyeda discusses OpenAI and Anthropic’s IPO ambitions, new crypto regulations and President Donald Trump’s digital asset agenda on ‘Mornings with Maria.’
Atkins framed the proposal as an effort to reverse an exodus of crypto innovators and give companies more reason to develop products and raise money in the United States.
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“I think this is an important step to try to reassure, to bring back on to the United States shore, innovators whom we have over the past administration’s four year term, chased offshore, frankly, for them to develop their products and raise money abroad,” he said.
Pennsylvania Senator Dave McCormick discusses the Senate’s upcoming priorities. McCormick expresses frustration over the recess delay on the critical third reconciliation package to pass the Save America Act.
He also argued that keeping investment opportunities in the U.S. matters because Americans can already move capital across borders online.
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“We can’t fool ourselves. American investors in the age of the internet can send their money anywhere. So we need to make sure that they can do it here in the United States under United States law,” Atkins said.
Business
B&Q and Five Guys among firms which paid staff below minimum wage
DIY store B&Q and the fast food chain Five Guys are among hundreds of UK businesses named by the government for paying staff below the minimum wage.
More than 600 employers were ordered to pay affected workers the outstanding wages, with £4m returned to workers, according to the Department for Business and Trade.
The firms have also been issued penalties worth £7m.
B&Q said the underpayments were unintentional and the result of calculations involving geographical allowances, while Five Guys blamed “technical differences in how payroll regulations were applied”.
The list of 658 businesses includes shops, restaurants, nurseries, social care providers and a handful of NHS trusts. The government did not say over what time period the underpayments spanned.
Minimum wage is £12.71 for staff aged 21 and over. For 18 to 20 year olds the rate is £10.85, and for under 18s and apprentices it is £8.
B&Q underpaid 4,530 workers a total of more than £456,000, according to the government.
B&Q said in response: “The shortfalls in payments were unintentional. They relate to calculations involving geographical allowances which are paid in addition to minimum hourly rates. All affected colleagues were quickly paid in full in July 2025.”
Five Guys, named in the list as owing over £54,000 to 3,699 staff, said “technical differences in how payroll regulations were applied” led to its underpayments, which were identified in a review by the HMRC, the UK’s revenue and tax authority.
“We worked closely and transparently with HMRC throughout the process and have made all required payments to affected current and former employees,” the company said.
St George’s, Epsom and St Helier Hospital Group failed to pay over £123,000 to 75 workers, according to the list, which also says St George’s University Hospitals in Wandsworth, London, underpaid 55 workers.
A spokesman for the two hospital trusts said that “no colleagues were underpaid”.
“This relates to a technical compliance issue where part of their salary for a non tax-deductable ‘salary sacrifice’ (for example, towards childcare) was not counted towards the national minimum wage, even though their gross salary was above the national minimum wage,” he said.
A spokesperson said apprentices at Norfolk Community Health and Care NHS Trust were inadvertently underpaid between 2019 and 2023.
They said while their pay met the requirements for their contracted hours, meetings, handovers and time spent changing into uniform hadn’t been accounted for, adding the trust has since changed policies and practices.
The other trust named has been contacted for comment.
There were also several nursing homes on the list, and multiple childcare providers.
Business Secretary Jonathan Reynolds said the government was determined to stamp out the practice of “short-changing your staff”.
“The best businesses know that looking after your workers isn’t just the right thing to do, it’s the smart thing to do,” he said.
Kate Dearden, minister for the future of work, said: “Underpaying your staff is illegal, and we will not let workers foot the bill for their boss failing to follow the rules.”
“Every employer should check their payroll now and reach out to Acas if they need further support,” she added.
The first 10 employers on the government’s list, which was sorted by the amount of wages not paid, are:
1. B&Q Ltd, failed to pay £456,934.72 to 4,530 workers.
2. Elysium Healthcare Holdings 3 Ltd, Borehamwood, failed to pay £330,048.81 to 1,095 workers.
3. St George’s, Epsom and St Helier Hospital Group, failed to pay £123,331.97 to 75 workers.
4. Support Staff Services Limited, Slough, failed to pay £119,715.13 to 323 workers.
5. Forest Holidays Ltd, Moira, failed to pay £100,308.68 to 598 workers.
6. St George’s University Hospitals NHS Foundation Trust, London (Wandsworth), failed to pay £77,498.91 to 55 workers.
7. Lanes Group Limited, Leeds, failed to pay £67,893.34 to 297 workers.
8. UK Care Team Ltd, Leicester, LE19, failed to pay £67,082.76 to 99 workers.
9. Five Guys JV Limited, London (Royal Borough of Kensington and Chelsea), failed to pay £54,642.47 to 3,699 workers.
10. Merlin Cinemas Limited, Redruth, failed to pay £50,198.75 to 181 workers.
The list marks the first “naming round” since the Fair Work Agency was set up in April under the Employment Rights Act.
As well as enforcing the minimum wage, the agency also will soon tackle practices of denying workers holiday and sick pay.
Chair of the agency’s advisory board, Matthew Taylor, said naming employers which underpay staff was an important reminder that “paying the minimum wage is not optional – it is the law”.
He said: “Most employers want to do the right thing, and we will support them to comply, but those who fall short should expect robust enforcement to protect workers and maintain a fair playing field for responsible businesses.”
Business
Mamdani announces one-year generative AI ban for NYC K-8 students
New York City public school students under 9th Grade will be banned from using generative AI for at least one year, Mayor Zohran Mamdani announced Wednesday.
New York City public school students under 9th Grade will be banned from using generative AI for at least one year, Mayor Zohran Mamdani announced Wednesday.
Mamdani announced the new rule during a news conference Wednesday morning, saying it is part of a “comprehensive AI policy” for the city’s schools. The ban is only a “one-year moratorium” on AI use for students under 9th Grade, and is not a lasting ban for elementary and middle school students.
“AI has grown from something on the pages of a sci-fi novel into something present in nearly every aspect of our lives,” Mamdani said. “But just because technology is everywhere doesn’t mean that it belongs everywhere.”
“When it comes to AI in our schools, we hold an obligation to do the same,” he continued. “The tech industry wants us to believe that AI in early education is not only inevitable, but that it is necessary. We do not see it that way. I have yet to see a study showing that AI is beneficial for students in elementary and middle school.”
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Zohran Mamdani, mayor of New York, speaks to members of the media on July 7, 2026. (Michael Nagle/Bloomberg via Getty Images / Getty Images)
Mamdani went on to thank New York Gov. Kathy Hochul for her efforts toward banning cell phones and social media platforms in schools. He argued these policies are aimed at protecting students from the harmful effects of technology until they are equipped to deal with them.
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“Whether we like it or not, our teenagers are growing up in an AI-saturated world. We cannot pretend that that world does not exist,” Mamdani said, saying high school students will learn about AI and “its opportunities and its pitfalls.”
He said students will participate in five separate AI programs, but cautioned that AI will never replace the reliance on student-teacher interaction.
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New York State Governor Kathy Hochul’s AI data center pause is drawing criticism from lawmakers and industry leaders. (James Carbone/Newsday RM / Getty Images)
The announcement comes the same week Mamdani picked a fight with a teachers union over a proposed pay increase for city teachers. Mamdani’s office sued to block the pay raise after City Hall approved it last month, arguing the bill violates state law by preventing public employees from negotiating compensation.
United Federation of Teachers, which endorsed Mamdani in the mayoral election, intervened in the case last week.
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“We knew this lawsuit was a possibility, and we were prepared,” UFT President Michael Mulgrew told Fox News Digital in a statement. “The RESPECT check law, which was unanimously passed by City Council on July 16, was carefully drafted to make sure that it did not violate the state’s Taylor Law, which governs collective bargaining.”

A stock image of a protester holding an anti-AI sign (iStock / iStock)
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He added: “The City Council would not have introduced — let alone passed — this bill if it were illegal, and we would not have supported a bill that threatened our collective bargaining rights. This moment is an opportunity for Mayor Mamdani to create a new, fairer system and build the kind of city he said he wanted to lead. This administration must keep its promises, and we won’t stop until it does.”
Business
Why wait? Business grads buying firms to install themselves as CEO
Aliev, who had worked in finance before doing her MBA, was wary of first impressions at the firm.
“If you judge a book by its cover, it’s very easy to be like ‘oh, young girl, Wall Street background, coming in here and telling me what to do’… I was really conscious about that,” she says. “And I really didn’t want to come off that way to my team.”
Aliev says her approach was initially to just observe and learn. “Not coming in and telling them ‘this is how things are going to be’.”
The practice of a young entrepreneur borrowing money to buy a company and become its boss is known as entrepreneurship by acquisition or “search-fund investing”.
The would-be business owner sets up a fund, called a search fund, and aims to attract money from both institutional investors and wealthy individuals.
At the last count, in 2023, a record 94 search funds, external were found to have been launched that year in the US, with $682m (£505m) said to have been invested in funds and the companies they bought across 2022 and 2023.
In turn, there are now investment companies in the US that specialise in backing young entrepreneurs and their search funds, such as Search Fund Partners, Aspect Investors and Anacapa Partners.
They are attracted by reported high rates of return. For while some people may question the wisdom of putting a 20-something in charge of an established business, a report by Yale School of Management found that “juicy returns by any standard”, external are available, and funds generally “remained relatively stable”.
For existing business owners, selling to a younger entrepreneur is a chance to move on and perhaps retire. For would-be company leaders the aim is to grow the business for perhaps five to 10 years, before selling at a profit.
Now more than two years since taking over at Life Support Systems, and 30-years-old, Aliev has led the takeover of a competitor, which she says has doubled the size of the business.
She says that this focus on growth has been welcomed by most employees. One, Meaghan Richardson, says: “It can be a little bit challenging sometimes for those of us who have been here a long time… but it’s been really great since she’s come in because she’s just turned a lot of stuff around, which is really exciting.”
But not everyone has been happy with Aliev’s new approach. Some workers have left and she has made others redundant as “they just didn’t want to work in a growth company”.
Elsewhere, entrepreneurship by acquisition can end in failure.
Scott Duncan, who gained his MBA from Harvard Business School, was back in 2018 seeking an established business to acquire and run. He secured investment to buy F&M Tool and Die, a company in Massachusetts that makes industrial parts.
It looked great on paper, and seemed to be a strong fit given his previous work in engineering.
Aged 31 when he took over the company, he said his first day was “terrifying”. “All of the employees had been doing this for decades. I was this newcomer and I had really no idea what was going on. So, they were really perplexed by me as well.”
Very quickly, things started to unravel in what would be a seven-year struggle to keep the business afloat.
Skilled employees left the business, including one who started a low-cost competitor and took an important customer with him. Others proved resistant to change, and Duncan realised it would be impossible to fill the previous owner’s shoes.
“This whole organisation had built up around him, his personality,” he says. “I bought a business that was very difficult for anyone except for that guy to run.”
After this difficult start, the Covid pandemic, the rise of cheaper Chinese competition and even a flooded workshop were among challenges in a battle for survival that lasted until 2025. Duncan describes it as “death by a thousand cuts”.
In February last year, he was left with little choice but to shut the business down. “I brought everybody into the conference room. I had to grab a chair and sit down in it because I was physically unable to stand. I thought I was going to pass out, but all the employees came in and I said, ‘we’re shutting the doors’.”
Duncan, now a 39-year-old husband and father of two daughters, also had to file for personal bankruptcy. “I was a shell of a human being,” he says.
Business
US Mint starts selling $1 coins that feature President Trump’s face
Check out what’s clicking on FoxBusiness.com.
The U.S. Mint on Wednesday started selling $1 coins that feature President Donald Trump’s face.
“Available for purchase today at 12PM ET: 2026 President Donald J. Trump $1 Coin. These coins are also in circulation, so check your pocket change. Collect them today!” the U.S. Mint declared in a Wednesday morning post on X.
But the Trump-emblazoned coins cost a pretty penny — they are priced significantly higher than their $1 face value.
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The U.S. Mint is now offering these $1 Trump coins for sale. (United States Mint on X)
A roll of 25 coins is priced at a whopping $61, while the price for a bag of 100 coins is $154.50, according to the Mint’s website.
Fox News Digital reached out to the White House on Wednesday.
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President Donald Trump speaks to reporters before boarding Air Force One at Joint Base Andrews, Md., on Aug. 21, 2026. (Saul Loeb/AFP via Getty Images)
The front of the coin features the word “LIBERTY” over Trump’s likeness, and the years “1776 ~ 2026” below the president’s visage. The words “IN GOD WE TRUST” appear next to Trump’s head on the coin.
“Celebrate a historic American milestone, the official United States Mint-issued Semiquincentennial $1 Coin was struck to honor 250 years of great American heritage,” the page where the coins will be available for purchase states.

President Donald Trump speaks to the press as he departs the White House on May 12, 2026, in Washington, D.C. (Kevin Dietsch/Getty Images)
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“The coins — minted at the Philadelphia Mint — have circulating finishes but have never been placed into circulation. However, they may be still used as legal tender,” the product page notes.
Business
Uber to cut 3,300 jobs in push to streamline operations
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Uber is cutting roughly 10% of its workforce, or about 3,300 jobs, in an effort to streamline operations, the company announced on Wednesday.
The ride-hailing giant’s CEO, Dara Khosrowshahi, said in a memo to employees that the company is removing management layers, simplifying teams and refining where its teams are based.
“The changes we’re making today are designed to do two things: make Uber simpler and faster, and create more capacity to invest in our future,” Khosrowshahi said.
“A leaner organization will mean clearer ownership, faster decisions, and more time spent building rather than coordinating,” he said. “It will also generate savings that we intend to reinvest in growth, innovation, and the capabilities that will matter most over the coming years.”
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CEO Dara Khosrowshahi said that the company is removing management layers, simplifying teams and refining where its teams are based. (Lam Yik/Bloomberg via Getty Images)
Khosrowshahi said Uber’s revenue has nearly tripled in the last roughly five years, but said the company’s expansion has also brought “more complexity.”
“That growth has also brought complexity: more layers, more coordination, more fragmented ownership, and in some cases structures that made sense when businesses were smaller but no longer serve us well at our current scale,” he said.
As part of the restructuring, Uber said it has reduced the number of employees sitting seven or more layers below the CEO by 20% and has cut the number of “micro-teams” – those with only one to two direct reports – by nearly 50%.
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Khosrowshahi said Uber’s revenue has nearly tripled in the last roughly five years, but wrote that that expansion has also brought “more complexity.” (Jefferson Siegel/Reuters)
“The outcome is a simpler org chart geared toward building versus managing,” Khosrowshahi said.
The company is also combining some teams where “fragmentation was creating duplication and slowing decisions,” according to Khosrowshahi.
Uber also said it will concentrate teams in a smaller number of key hubs, including New York and San Francisco. The company is asking the majority of its remote workers to relocate to an office and said that going forward, only about 1% of employees will be remote.
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The company is also combining some teams where “fragmentation was creating duplication and slowing decisions,” according to Khosrowshahi. (David Paul Morris/Bloomberg via Getty Images)
Uber will continue requiring employees to work from an office three days per week, according to Khosrowshahi.
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“I realize this is a lot of change, but we decided it was better to make one big shift rather than multiple small ones,” Khosrowshahi said. “We also know organizational changes can be hugely distracting, and our job is to create an environment that allows you to focus and do your best work. With these decisions now made, our focus is on the future.”
Business
Victoria Beckham has finally made her fashion firm profitable – how did she do it?
There is another, less tangible ingredient: Lady Beckham herself.
The woman who once seemed almost comically aloof has become increasingly willing to show the person behind the brand. She’s been known to post videos demonstrating her beauty products – often with wet hair, seemingly filmed in her bathroom.
Lisa Maynard-Atem, a business strategy adviser, said this has been crucial.
“She hasn’t abandoned the polish or aspiration that you expect from a luxury brand, but she has added personality,” she said. “That creates connection and people buy into brands emotionally as well as commercially.”
Maynard-Atem added that Lady Beckham’s openness about the firm’s struggles has also helped.
“By acknowledging the losses and some of the mistakes that were made, she makes the eventual turnaround more credible. The failure hasn’t been edited out of the story. It has become part of the story,” she said.
Luxury fashion remains a competitive business, and one profitable year is no guarantee of future success.
The key is to keep innovating, according to Bedford.
“Success changes with the trends and probably the biggest factor is the creative director,” she said.
“Fashion is not an easy industry to enter and certainly not for the faint of heart. The founders who last are the ones who treat setbacks as information to learn and then build from, rather than something to hide.”
Business
‘I don’t even like them’: How much should you give to office gift collections?
Junior workers can often face the biggest dilemma. Felicity, now mid-career, remembers one horror story from her first job as a teenager.
Working at a car garage aged 17, she was suddenly thrust an envelope to give money for a mechanic who was retiring. The team was small and tight-knit, so everyone was expected to contribute.
“Not only did I not really know anyone at that stage, but I also had no money to give – I was still living at home and being paid hardly anything.
“As it was after lunch, I’d used my notes. In a panic I threw in all the spare change I had left, basically a load of coppers.”
She says: “I thought I’d got away with it until the person collecting shouted ‘who on earth put in all this change’. Everyone laughed and I couldn’t ever admit it was me.”
Today, Felicity usually gives between £5 and £10 but goes up to £20 for a close work friend or long-time colleague.
Business
What it’s like to ride in Uber’s new self-driving taxis in London
Londoners are able to hail the UK’s first robotaxis – as Uber today becomes the first company to launch a self-driving minicab.
Initially, it only has 15 autonomous vehicles with a licence to operate in the city, and each one must have a human safety driver behind the wheel ready to take control if anything goes wrong.
Uber said it surveyed London-based customers via the app and more than 100,000 said they would choose a self-driving taxi if one was available, despite incidents of driverless rides malfunctioning in US cities where they already operate.
As I found out when I became the first UK journalist to hail one, it was mostly smooth but the safety driver did intervene on one occasion.
At the moment the UK fare for a robotaxi ride will be the same fare as a standard UberX, Uber Electric, or Uber Comfort journey, with upfront fares shown in the app.
Taking a self-driving ride will only appear as an option in the app after the journey has been booked, and if one of its cars is available nearby.
Uber’s global head of autonomous mobility and delivery Sarfraz Maredia said the plan was to phase them in over a period of several years.
“We always want consumers to be able to request a human ride or an autonomous vehicle, and because the market’s growing, we expect that there will be human drivers on Uber London for a long time to come,” he said.
The Ford Mustang electric vehicles which make up Uber’s current small fleet are fitted with the UK tech firm Wayve’s driverless car technology, which uses AI to analyse data about what is going on around it in real time, gathered by sensors in a bar on the roof of the vehicle and elsewhere.
The vehicles are not pre-programmed – their actions are determined on the spot depending on what is going on.
Google’s autonomous car company Waymo and the Chinese tech giant Baidu are also vying to launch services in the UK, and the competition is fierce.
Wayve chief executive Alex Kendall described developing the technology as “the space race for our generation” but added there were some “really hard problems to solve” along the way.
“What we’ve done over time is pioneer a completely new approach to autonomous driving, making it possible to bring this to a busy and complex city like London and scale it globally,” he said.
Business
Teams, Outlook And OneDrive Disruptions Persist Into A Third Day For Users
A widespread outage affecting Microsoft 365 stretched into its third day this week, with users of Outlook, Teams, SharePoint and OneDrive for Business continuing to report intermittent access problems even as Microsoft said the vast majority of the disruption had been resolved.
The outage, which Microsoft is tracking internally under the incident number MO1465074, began at 3:08 p.m. UTC on Monday, Aug. 31, according to the company. Microsoft attributed the root cause to a problem within a core authentication configuration shared across multiple Microsoft 365 services, rather than an issue isolated to any single product.
“The root cause of the outage is an issue within a core authentication configuration used by multiple Microsoft 365 services,” the company said in a status update, adding that the disruption had triggered a broader service degradation designation for Microsoft 365 Business and Enterprise customers.
Outlook was among the first and most visibly affected services, with users reporting delays and outright failures in sending and receiving email, along with authentication errors and problems searching mailbox content. User reports on the crowdsourced outage-tracking site Downdetector began surging around 11:30 a.m. ET on Monday and had climbed past 5,000 by early afternoon, with additional complaints flooding social media platforms throughout the day.
Microsoft said its investigation initially pointed to a misconfiguration affecting how authentication components were deployed across a portion of its infrastructure.
“Our investigation indicates that a misconfiguration issue may be preventing authentication components from deploying as expected to a portion of infrastructure, and we’re reexamining recent changes made to the service to determine why this is occurring,” the company said in an update posted to its Microsoft 365 Status account.
As the outage continued into Monday evening, Microsoft confirmed that its impact extended well beyond Outlook and Exchange Online, the email and calendaring backbone used by millions of businesses. The company said OneDrive for Business, SharePoint Online, Microsoft Teams, Microsoft Purview and Microsoft Defender XDR were also affected, along with the Microsoft 365 Admin Center and Universal Print.
“Additionally, we’ve confirmed that the authentication component issue impacts other services beyond Exchange Online,” Microsoft said, directing customers to its status page for details on the specific ways each affected service was behaving.
By Tuesday, the outage had not fully resolved, prompting Microsoft to continue publishing incremental updates as engineers worked through a remediation process that included restarting affected infrastructure and reapplying a targeted fix to the authentication systems at the center of the problem.
“Our mitigation actions are continuing to progress within the remaining affected infrastructure,” Microsoft said in a Tuesday update. “Indications from telemetry remain positive, and we’ve confirmed service availability is improving. We’re entering a period of extended monitoring to ensure a full resolution is in place.”
The company’s messaging throughout the incident emphasized gradual, uneven recovery rather than a single clean fix, a pattern consistent with prior large-scale Microsoft 365 outages that have often required extended monitoring periods even after initial telemetry data showed improvement.
By early Wednesday morning, Microsoft indicated that conditions had stabilized significantly for most customers.
“Service availability remains stable above 99 percent,” Microsoft said in a status update posted at 6:29 a.m. ET Wednesday, adding that “the majority of users should no longer be seeing impact from this issue.”
Even so, scattered reports of ongoing trouble continued to surface into Wednesday, including separate tracking on outage-monitoring sites showing renewed spikes in complaints specifically tied to Microsoft Teams, suggesting that while the broader authentication issue had largely subsided, some customers and services continued to experience residual effects.
Microsoft 365, the cloud-based subscription suite formerly known as Office 365, provides access to core productivity applications including Word, Excel, PowerPoint, Outlook and Teams, along with enterprise-focused services such as SharePoint and OneDrive that many businesses rely on for document storage, collaboration and internal communication. Because so many organizations depend on these tools for day-to-day operations, outages affecting the platform tend to generate an outsized wave of public complaints and business disruption relative to their technical scope, particularly when authentication systems are involved, since login failures can lock users out of multiple services simultaneously rather than affecting a single isolated feature.
This week’s incident adds to a string of significant Microsoft 365 disruptions in 2026. In January, a separate outage tied to authentication and mail-flow problems in North American infrastructure stretched for roughly ten hours, affecting Outlook, Defender and Purview before Microsoft confirmed the impact had been resolved. At the peak of that earlier incident, outage reports on Downdetector topped 15,000, with some affected businesses describing significant disruption to daily operations, including delayed communications with clients.
Independent monitoring services that track Microsoft 365’s uptime over time have noted that the platform has experienced a handful of major disruptions each year in recent years, with durations typically ranging from a few hours to, in more severe cases, closer to a full day. Analysts who study cloud infrastructure reliability have pointed to the increasing complexity of large, interconnected cloud platforms as a persistent challenge for major providers, even as those same companies continue investing heavily in redundancy and failover systems designed to prevent exactly this kind of widescale service degradation.
Microsoft has not yet published a full post-incident report detailing the underlying technical root cause of this week’s authentication misconfiguration or outlining specific steps the company plans to take to prevent similar disruptions in the future. Such detailed retrospectives typically follow major outages after monitoring periods conclude and engineering teams complete a full review of the incident.
For now, Microsoft has continued to direct affected customers to its official Microsoft 365 Status page and social media account for the most current information as monitoring continues, while cautioning that some users may still experience intermittent effects even as overall service availability holds above the 99% threshold the company reported Wednesday morning.
Business
Phreesia, Inc. (PHR) Q2 2027 Earnings Call Transcript
Operator
Good evening, ladies and gentlemen, and welcome to the Phreesia Second Quarter Fiscal 2027 Earnings Conference Call. [Operator Instructions] First, I would like to introduce Balaji Gandhi, Phreesia’s Chief Financial Officer. Mr. Gandhi, you may begin.
Balaji Gandhi
Chief Financial Officer
Thank you, operator. Good evening, and welcome to Phreesia’s earnings conference call for the second quarter of fiscal 2027, which ended on July 31, 2026. Joining me on today’s call is Chaim Indig, our Chief Executive Officer. A more complete discussion of our results can be found in our earnings press release and in our related Form 8-K submission to the SEC, including our quarterly stakeholder letter, both issued after the markets closed today. These documents are available on the Investor Relations section of our website at ir.phreesia.com.
As a reminder, today’s call is being recorded, and a replay will be available on our Investor Relations website at ir.phreesia.com following the conclusion of the call. During today’s call, we may make forward-looking statements, including statements regarding trends, our anticipated growth, our strategies, predictions about our industry and the anticipated performance of our business, including our outlook and visibility regarding future financial results.
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