Apr 12, 2017

Trump threatens Obamacare payments

Andrew Harnik / AP

Trump told the WSJ that he may withhold payments to health insurers to force Democrats to negotiate on health care.

He said the executive branch may lack legal authority to issue the payments, which reduce costs for low-income customers:

"I don't want people to get hurt. What I think should happen—and will happen—is the Democrats will start calling me and negotiating."

Why it matters: Trump's comments threaten to escalate not just the battle with Democrats, but the uncertainty among insurers, which are already saying they may have to pull out of the Obamacare markets or raise premiums if they don't know what's going to happen with the payments.

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#MeToo gets Weinstein

A man carries out Weinstein's walker. Photo: Johannes Eisele/AFP/Getty Images

Hollywood titan Harvey Weinstein is now a convicted rapist, two years and four months after accusations against him helped ignite the #MeToo movement.

Why it matters: To date, #MeToo has resulted in hundreds of powerful men losing their jobs. Seven have been criminally convicted, with four others still facing charges.

JPMorgan Chase to pull support for some fossil fuels

Illustration: Sarah Grillo/Axios

JPMorgan Chase said Monday that it won’t directly finance new oil and gas development in the Arctic and will significantly curtail its financing of the extraction and burning of coal.

Why it matters: JPMorgan is the world’s largest funder of fossil-fuel companies, according to a report by the Rainforest Action Network (RAN). The announcement follows similar moves by other big banks and investment firms, including Goldman Sachs and BlackRock.