Jordangruener / Wikimedia Creative Commons

Catholic Health Initiatives and Dignity Health, two massive not-for-profit hospital systems exploring a merger (they call it an "affiliation"), are sitting on very different financial foundations right now.

The numbers: Dignity Health reported Thursday a $165 million operating surplus in the first six months of its fiscal year, which ended Dec. 31, on $6.6 billion of revenue. CHI, meanwhile, lost $384 million on $8.1 billion of revenue in the same time period. CHI has struggled to manage its health insurance company, which it is selling, and the system has been weighed down by bloated expenses and fewer patients with commercial insurance.

Why this matters: This is one of the largest potential deals in the health care industry right now, and both sides are still evaluating the pros and cons. A combined CHI-Dignity system would have almost $30 billion in annual revenue, making it larger than companies like McDonald's or Macy's. But a glaring issue is whether CHI can stop the bleeding.

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Biden: The next president should decide on Ginsburg’s replacement

Joe Biden. Photo: Drew Angerer / Getty Images

Joe Biden is calling for the winner of November's presidential election to select Ruth Bader Ginsburg's replacement on the Supreme Court.

What he's saying: "[L]et me be clear: The voters should pick the president and the president should pick the justice for the Senate to consider," Biden said. "This was the position the Republican Senate took in 2016 when there were almost 10 months to go before the election. That's the position the United States Senate must take today, and the election's only 46 days off.

Trump, McConnell to move fast to replace Ginsburg

Photo: Alex Wong/Getty Images

President Trump will move within days to nominate his third Supreme Court justice in just three-plus short years — and shape the court for literally decades to come, top Republican sources tell Axios.

Driving the news: Senate Majority Leader Mitch McConnell and Senate Republicans are ready to move to confirm Trump's nominee before Election Day, just 46 days away, setting up one of the most consequential periods of our lifetimes, the sources say.

Updated 8 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 p.m. ET: 30,393,591 — Total deaths: 950,344— Total recoveries: 20,679,272Map.
  2. U.S.: Total confirmed cases as of 10 p.m. ET: 6,722,699 — Total deaths: 198,484 — Total recoveries: 2,556,465 — Total tests: 92,163,649Map.
  3. Politics: In reversal, CDC again recommends coronavirus testing for asymptomatic people.
  4. Health: Massive USPS face mask operation called off The risks of moving too fast on a vaccine.
  5. Business: Unemployment drop-off reverses course 1 million mortgage-holders fall through safety netHow the pandemic has deepened Boeing's 737 MAX crunch.
  6. Education: At least 42% of school employees are vulnerable.