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Ohio is fighting back against one of the nation's biggest PBMs

Ohio Attorney General Dave Yost. Photo: Justin Merriman/Getty Images

Ohio Attorney General Dave Yost has formally demanded that OptumRx, one of the country's largest pharmacy benefit managers, pay back $16 million in "overcharges" related to handling drug benefits for a state agency.

Why it matters: This isn't a lot of money in the grand scheme of things, but it's a forceful step that shows states are actively looking to claw back money from a PBM if they think the company is skimming too much profit from the drug pricing process.

Go deeper: States are the new battleground for drug middlemen

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Ursula Perano
32 mins ago - Politics & Policy

Democrat Mark Kelly sworn in to U.S. Senate

Photo: Courtney Pedroza/Getty Images

Astronaut Mark Kelly (D) was sworn in to the U.S. Senate on Wednesday after defeating incumbent Sen. Martha McSally (R-Ariz.) last month for the seat once held by the late Sen. John McCain.

Why it matters: Kelly's swearing-in by Vice President Mike Pence narrows the Republican majority and moves the Senate balance to 52-48.

Go deeper (<1 min. read)Arrow
Orion Rummler
1 hour ago - Technology

Senate Armed Services chair dismisses Trump threat to veto defense bill

Sen. Jim Inhofe. Photo: Anna Moneymaker/Pool/AFP via Getty Images

Sen. Jim Inhofe (R-Okla.), chair of the Senate Armed Services Committee, told reporters Wednesday that he plans to move ahead with a crucial defense-spending bill without provisions that would eliminate tech industry protections, defying a veto threat from President Trump.

Why it matters: Inhofe's public rebuke signals that the Senate could have enough Republican backing to override a potential veto from Trump, who has demanded that the $740 billion National Defense Authorization Act repeal Section 230 of the Communications Decency Act.

Go deeper (<1 min. read)Arrow
Dan Primack, Kia Kokalitcheva
2 hours ago - Economy & Business

Scoop: Uber in talks to sell air taxi business to Joby

Illustration: Sarah Grillo/Axios

Uber is in advanced talks to sell its Uber Elevate unit to Joby Aviation, Axios has learned from multiple sources. A deal could be announced later this month.

Between the lines: Uber Elevate was formed to develop a network of self-driving air taxis, but to date has been most notable for its annual conference devoted to the nascent industry.

Go deeper (<1 min. read)Arrow

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