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Representative Tom Price (AP)

The Wall Street Journal reports Rep. Tom Price, Donald Trump's choice to lead the Department of Health and Human Services, received a privileged, discounted offer to buy stock in a small biomedical company, contrary to what he claimed during a Senate confirmation hearing this month.

In June Price bought shares of Innate Immun at a 12% discount, a sale price that was only offered to the public in Australia and New Zealand, and with volume restrictions. Price was one of fewer than 20 American investors who were offered the discount.

Why it matters: Price told a Senate hearing that this discounted purchase wasn't "a sweetheart deal," but these revelations call the statement into question. Price also played an important role in writing new legislation that if passed would have benefitted his investment, like rules speeding up the approval process for new drugs. A Price spokesman didn't respond to WSJ requests for comment..

Why it doesn't matter: Senate Democrats don't have the votes to derail his nomination over these issues.

Go deeper

Updated 3 hours ago - Politics & Policy

Giuliani associate Lev Parnas convicted of campaign finance crimes

Lev Parnas, a former associate of then-President Donald Trump’s personal lawyer Rudy Giuliani. Photo: Stefani Reynolds/Bloomberg via Getty Images

Florida businessman Lev Parnas was convicted Friday on charges of conspiracy to make foreign contributions to political campaigns, according to multiple outlets.

Why it matters: Prosecutors said Parnas, then an associate of former President Donald Trump's personal lawyer Rudy Giuliani, funneled over $150,000 from a Russian businessman into U.S. campaigns as part of an effort to land licenses in the U.S.'s legal cannabis industry.

Supreme Court agrees to hear challenges to Texas abortion law

Photo: Saul Loeb/AFP via Getty Images

The Supreme Court on Friday agreed to hear two cases challenging Texas' abortion law, which bans the procedure as soon as six weeks into pregnancy, but left the law in place in the meantime.

Why it matters: The court is moving extraordinarily fast on the Texas cases, compressing into just a few days a process that normally takes months. And that schedule means the court will take up Texas' ban a month before it hears another major abortion case — a challenge to Mississippi's own 2018 ban on abortions after 15 weeks.

Officials warn 5 key tech sectors will determine whether China overtakes U.S.

Illustration: Aïda Amer/Axios

U.S. intelligence officials responsible for protecting advanced technologies have narrowed their focus to five key sectors: artificial intelligence, quantum computing, biotechnology, semiconductors and autonomous systems.

Why it matters: China and Russia are employing a variety of legal and illegal methods to undermine and overtake U.S. dominance in these critical industries, officials warned in a new paper. Their success will determine "whether America remains the world’s leading superpower or is eclipsed by strategic competitors."