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Yes, we're still in the thick of proxy season — a time of pay data nirvana for business journalists. And a new filing shows who the highest-paid CEO in the hospital industry is: Alan Miller of Universal Health Services, a chain of 319 behavioral-health and acute-care hospitals. He made more than $51.3 million in 2016, based on the amount of stock and option awards that actually vested. (Alan's son, Marc, is president of UHS and made $7.2 million.)

Context: This is not to be confused with the methodology Steven Brill used for his stories on hospital CEO pay. His investigations focused on earnings for each day a patient spent in the hospital, which is a different metric. Miller has the highest overall earnings, based on the proxies I've reviewed.

The UHS controversy: Rosalind Adams published an investigation for Buzzfeed in December and interviewed scores of current and former UHS employees, who said they were pressured to fill psychiatric beds "by almost method" and to hold patients "until their insurance payments ran out." UHS disputed the article and said it led to an "inaccurate portrayal" of its psychiatric operations.

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Jeff Sessions loses Alabama Senate primary runoff

Jeff Sessions. Photo: Michael DeMocker/Getty Images

Former Attorney General Jeff Sessions has lost the Republican nomination for Senate to Tommy Tuberville in Alabama in Tuesday night’s primary runoff, AP reports.

Why it matters: Sessions had been the underdog in the race against former Auburn University head football coach Tommy Tuberville, who had the backing of President Trump. Tuberville will now face off against Sen. Doug Jones (D-Ala.) in November, who is considered to have one of the most vulnerable Democratic Senate seats in the country.

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Coronavirus dashboard

Illustration: Aïda Amer/Axios

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  2. U.S.: Total confirmed cases as of 9 p.m. ET: 3,424,304 — Total deaths: 136,432 — Total recoveries: 1,049,098 — Total tested: 41,764,557Map.
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JPMorgan CEO Jamie Dimon. Photo: J. Lawler Duggan/For The Washington Post via Getty Images

Wells Fargo swung to its first loss since the financial crisis — while JPMorgan Chase and Citigroup reported significantly lower profits from a year earlier — as the banks set aside billions of dollars more in the second quarter for loans that may go bad.

Why it matters: The cumulative $28 billion in loan loss provisions that banks have so far announced they’re reserving serves as a signal they’re preparing for a colossal wave of loan defaults as the economy slogs through a coronavirus-driven downturn.