J. Scott Applewhite/AP

HHS Secretary Tom Price briefed 6,500 small business owners on the GOP Obamacare repeal plan across the country during a teleforum Tuesday organized by the National Federation of Independent Business (NFIB). The NFIB has been staunchly opposed to Obamacare and in favor of the House GOP changes to the program, and officials implored members to contact their representatives in support of the plan.

During a question and answer session with Price, NFIB members voiced approval of the Trump agenda, but were concerned about the three-staged approach to the legislation. A farmer from California, for instance, worried that changes made in the first stage would not bring "immediate relief" from rising deductibles and premiums for her three employees. Price argued that a system of tax credits and savings accounts, and the repeal of Obamacare taxes would bring down costs quickly.

Not so fast: The Congressional Budget Office says that premiums would come down eventually, but that they'd actually increase in 2018 and 2019 under the GOP plan. NFIB members worried that changes to Obamacare's insurance regulations will fall by the wayside have reason for concern, given that there appears to be no path to the 60 Senate votes such reform would require.

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Investors have nowhere to hide

Photo: Jeenah Moon/Getty Images

The massive losses in oil prices and U.S. and European equities were not countered by gains in traditional safe-haven assets on Wednesday.

Why it matters: The unusual movement in typical hedging tools like bonds, precious metals and currencies means they are not providing investors an asset that will appreciate in the event of a major equity selloff.

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A look inside sports owners' political donations

Data: ESPN/FiveThirtyEight; Chart: Axios Visuals

Sports team owners in the four largest North American leagues (NFL, NBA, MLB, NHL) have donated over $46 million in federal elections since 2015, according to research conducted by ESPN and FiveThirtyEight.

By the numbers: Over the past three elections, $35.7 million of that money (77.4%) has gone to Republican campaigns and super PACs, compared to $10.4 million (22.6%) to Democrats.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

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