Jan 12, 2017

Big in Business: Xi Jinping to make history at Davos

Luis Hidalgo / AP

Xi Jinping to be the new champion of globalization

The Chinese president will be the first in history to attend the World Economic Forum in Davos later this month. He is set to discuss the Chinese plan for "inclusive globalization," despite his government's continued reliance on protectionist policies that protect its export sector. With western governments under the spell of nationalism, Jinping has emerged as one of the few leaders eager promote further global integration—rhetorically at least.

Analyst: Americans could get a big tax rebate this year

Ian Shepherdson of Pantheon Economics suggest in a research note that the Trump Administration could copy the George W. Bush model of retroactive tax cuts in the form of direct checks to taxpayers, which could result in rebates as early as this spring. Bush did this three times—in 2001, 2003, and 2008—and would be the most attention-grabbing strategy for delivering tax relief.

Toy makers could be hit hard by tax reform

Toymakers such as Hasbro could see their earnings slashed by as much as 30% if a border-adjusted tax reform being considered in Congress passes, according to the The Wall Street Journal. The reform would penalize companies that import their products, while giving tax relief to those that produce at home.

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Hospitals are starting to get their coronavirus cash infusion

Illustration: Rebecca Zisser/Axios

The federal government is sending $64 billion to hospitals, post-acute facilities and other medical providers to help cope with the coronavirus fallout.

Yes, but: Even though more funding is coming, safety net and rural hospitals fear they are getting a raw deal from the way some of the money is being distributed.

Go deeperArrow2 hours ago - Health

Biden, Sanders work toward truce on big issues

Photo: Mandel Ngan/AFP via Getty Images

Joe Biden isn’t about to become Bernie Sanders, but he’s signaling that there’s potential for more common ground on issues such as health care, student debt, climate change and more in the weeks ahead.

What to watch: As Biden courts Sanders' endorsement, their teams will hold policy discussions in the next few weeks with the expectation that Biden will incorporate some elements of Sanders' agenda, a person familiar with those plans tells Axios.

Some Trump aides eye May 1 start to coronavirus reopening

President Trump was flanked at yesterday's briefing by HHS Secretary Alex Azar (far left), Vice President Pence and Dr. Deborah Birx. Photo: Win McNamee/Getty Images

President Trump's aides, encouraged by virus data showing fewer deaths than once projected, are working behind the scenes to deliver on his vow to reopen America "sooner rather than later."

What to watch for: A senior White House official said there’s a lot of internal energy pushing for May 1, because that's the end of the White House's "30 Days to Slow the Spread."