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AP file photo

UnitedHealth Group CEO Stephen Hemsley is stepping down from his role Sept. 1. David Wichmann, president of UnitedHealth, will take over as CEO. Hemsley will still hold some sway over the health care conglomerate as executive board chairman.

Why it matters: It's the changing of the guard at one of the largest health care companies in the country. Wichmann has been viewed as the ultimate successor to Hemsley, who has been CEO since 2006.

UnitedHealth's heft: Under Hemsley — one of the highest-paid health care CEOs in the country — UnitedHealth has grown into a dominant health insurer with its share of issues, including Medicare lawsuits and a full-scale exit of the Affordable Care Act exchanges. But it's more than just an insurance company. It also owns a pharmacy benefit manager, a data consulting firm and even physician practices and surgery centers. The company has its fingerprints on almost every corner of the health care system.

Go deeper

Bipartisan group of senators unveil $908 billion COVID stimulus proposal

Sens. Joe Manchin (D-W.Va.) and Susan Collins (R-Maine) in the Capitol in 2018. Photo: Tom Williams/CQ Roll Call

A bipartisan group of senators on Tuesday proposed a $908 billion coronavirus stimulus package, in one of the few concrete steps toward COVID relief made by Congress in several months.

Why it matters: Recent data shows that the economic recovery is floundering as coronavirus cases surge and hospitals threaten to be overwhelmed heading into what is likely to be a grim winter.

Inside Patch's new local newsletter platform

Illustration: Annelise Capossela/Axios

Patch, the hyperlocal (and profitable) local digital news company, has built a new software platform called "Patch Labs" that lets local news reporters publish their own newsletters and websites, sources tell Axios.

Why it matters: It follows a growing trend of journalists going solo via newsletters at the national level.

Scoop: Politico stars plot new Playbook

Anna Palmer and Jake Sherman. Photo: Alex Wong/Getty Images

Three of Politico’s biggest reporting stars plan to launch a competitor to the company’s Politico Playbook franchise, sources tell me. 

Why it matters:  Jake Sherman, Anna Palmer and John Bresnahan will launch a daily newsletter in 2021 as a stand-alone company, the sources say. In effect, they will be competing against the Playbook franchise they helped create and grow.