Feb 26, 2019

Theresa May offers vote to delay Brexit if her deal is rejected

U.K. Prime Minister Theresa May. Photo: Dan Kitwood/Getty Images

U.K. Prime Minister Theresa May told the House of Commons on Tuesday that if her Brexit deal is rejected on March 12, she will offer two follow-up votes: one on whether the U.K. should leave the EU without a deal, and one on whether to extend the Brexit date beyond March 29.

Why it matters: There is not a majority of MPs in support of a "no deal" Brexit. May said any Brexit delay would not last beyond the end of June and would "almost certainly have to be a one-off." Opposition leader Jeremy Corbyn said yesterday that his Labour Party would back the idea of another "public vote" on Brexit if his own plan is rejected next week, as expected.

Go deeper ... The Brexit dilemma: British politics is broken

Go deeper

Surprise billing may be about to get worse

Illustration: Lazaro Gamio/Axios

The problem of surprise medical billing — which Congress failed to solve last year — is about to get worse, thanks to a feud between an insurance giant and a company that employs thousands of doctors.

The big picture Parents who have babies in intensive care, women with high-risk pregnancies and people who need anesthesia could receive unexpected bills in the mail as a result of the fight between Mednax, the physician-staffing firm, and UnitedHealth Group.

Go deeperArrow17 mins ago - Health

Companies are behaving like it's a recession

Illustration: Aïda Amer/Axios

Despite historically low interest rates, U.S. companies are being unusually frugal, holding back on issuing new debt and pumping up their balance sheets with cash.

Why it matters: Historically, when interest rates are low and the economy is strong, companies have levered up to increase capital expenditures and buy assets in order to expand. The opposite is happening now.

Coronavirus kills 2 Diamond Princess passengers and South Korea sees first death

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. U.S. numbers include Americans extracted from Princess Cruise ship.

Two elderly Diamond Princess passengers have been killed by the novel coronavirus — the first deaths confirmed among the more than 600 infected aboard the cruise ship. South Korea also announced its first death Thursday.

The big picture: COVID-19 has now killed more than 2,200 people and infected over 75,465 others, mostly in mainland China, where the National Health Commission announced 118 new deaths since Thursday.

Go deeperArrowUpdated 9 hours ago - Health