On Sunday, the two companies emphasized their ability to transform CVS’s 10,000 pharmacy and clinic locations into community-based sites of care that would be far less expensive for patients. “We think of it as creating a new front door to health care in America,” CVS Health’s chief executive, Larry J. Merlo, said in an interview.…
Imagine a world in which two asset managers call the shots, in which their wealth exceeds current U.S. GDP and where almost every hedge fund, government and retiree is a customer.It’s closer than you think. BlackRock Inc. and Vanguard Group — already the world’s largest money managers — are less than a decade from managing a total of $20 trillion, according…
The dollar strengthened, Treasury yields rose and U.S. stocks rallied out of the gate Monday after progress on the Republican tax-overhaul plan. European equities rebounded following Friday’s slump, while the pound rallied.The greenback erased most of Friday’s losses and the yield on benchmark U.S. debt climbed back toward 2.4 percent after the Senate’s passage of…
Early on Saturday morning, Mr. Pence provided a tiebreaking vote to pass an amendment offered by Senator Ted Cruz, Republican of Texas, that would allow people to use up to $10,000 a year from tax-advantaged 529 savings accounts to fund tuition at private and religious K-12 schools or certain educational expenses for home-schooled students. Right…
The Senate voted 51-49 to pass the Republican tax overhaul bill. Senator Bob Corker of Tennessee was the only Republican to vote no. The House and Senate will now need to reconcile the differences between their two tax plans. Below, how every senator voted on the bill and selected amendments. H.R. 1 Final Passage Final…
Senate Republicans narrowly approved the most sweeping rewrite of the U.S. tax code in three decades, slashing the corporate tax rate and providing temporary tax-rate cuts for most Americans.The 51-49 vote -- achieved just before 2 a.m. Saturday in Washington and only after closed-door deal-making with dissident senators -- brings the GOP close to delivering…
Former National Security Adviser Michael Flynn’s guilty plea has given Special Counsel Robert Mueller significant new leverage that may help him pursue more serious charges against others close to Donald Trump, perhaps leading up to the president himself.Trump said Saturday he wasn’t worried about what his first national security adviser may tell investigators probing possible…
Photo Secretary of State Rex W. Tillerson in September at the White House. Credit Doug Mills/The New York Times WASHINGTON — The White House has developed a plan to force out Secretary of State Rex W. Tillerson, whose relationship with President Trump has been strained, and replace him with Mike Pompeo, the C.I.A. director, within…
All of this is taking shape at such extraordinary velocity, absent the usual analyses and hearings, that even the most savvy Washington lobbyist cannot be fully certain of the implications. Mr. Trump and the Republican leadership in Congress — stymied in their efforts to repeal Obamacare, and short of legislative achievements — have signaled absolute…
The Senate tax bill is headed for a marathon debate this week after Republican leaders brought the measure to the floor Wednesday with the goal of holding a final vote by the end of the week. Here are the latest developments, updated throughout the day:Collins Says ‘Not Committed’ on Bill Yet (9:33 a.m.)Collins speaks in…
