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HealthEquity makes $2 billion buyout offer for WageWorks

HealthEquity, a major provider of tax-advantaged health savings accounts, is looking to buy WageWorks for $2 billion, or $50.50 per share in cash. WageWorks has not accepted the offer yet.

Between the lines: HealthEquity CEO Jon Kessler founded WageWorks, which helps companies manage tax-free commuter benefits for employees in addition to health savings accounts. Kessler is an outspoken evangelist for HSAs, but critics have argued the savings accounts disproportionately help higher-income people, who have more money to save for health care costs.

Go deeper

Jennifer A. Kingson
8 mins ago - Politics & Policy

First look: Mayors press Biden on immigration

Illustration: Sarah Grillo/Axios

A coalition of nearly 200 mayors and county executives is challenging Joe Biden and the incoming Congress to adopt a progressive immigration agenda that would give everyone a pathway to citizenship.

Why it matters: The group's goals, set out in a white paper released today, seem to fall slightly to the left of what the president-elect plans to propose on Inauguration Day — though not far — and come at a time of intense national polarization over immigration.

Go deeper (2 min. read)Arrow
Caitlin Owens, author of Vitals
8 mins ago - Health

Demand for coronavirus vaccines is outstripping supply

Illustration: Aïda Amer/Axios

Now that nearly half of the U.S. population could be eligible for coronavirus vaccines, America is facing the problem experts thought we’d have all along: demand for the vaccine is outstripping supply.

Why it matters: The Trump administration’s call for states to open up vaccine access to all Americans 65 and older and adults with pre-existing conditions may have helped massage out some bottlenecks in the distribution process, but it’s also led to a different kind of chaos.

Go deeper (1 min. read)Arrow
Shawna Chen
4 hours ago - Politics & Policy

Woman who allegedly stole laptop from Pelosi's office to sell to Russia is arrested

Photo: FBI

A woman accused of breaching the Capitol and planning to sell to Russia a laptop or hard drive she allegedly stole from Speaker Nancy Pelosi's office was arrested in Pennsylvania's Middle District Monday, the Department of Justice said.

Driving the news: Riley June Williams, 22, is charged with illegally entering the Capitol as well as violent entry and disorderly conduct. She has not been charged over the laptop allegation and the case remains under investigation, per the DOJ.

Go deeper (1 min. read)Arrow