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Illustration: Annelise Capossela/Axios

More than 100 corporate executives and leaders gathered on a Zoom call Saturday to discuss ways to combat controversial voting bills being considered in states across the country that would restrict voting access, per the Washington Post.

Why it matters: American corporations flexed their advocacy muscles earlier this month when more than 100 companies signaled their opposition to Georgia's new voting law, inciting the wrath of GOP leaders, including former President Donald Trump and Senate Minority Leader Mitch McConnell.

Driving the news: During the call, executives from "major airlines, retailers and manufacturers — plus at least one NFL owner" — discussed possibly stopping donations to politicians who support bills curbing voter access and postponing investments in states that approve the controversial measures.

As first reported by the Wall Street Journal, a new statement from Corporate American could be coming this week, condemning voter discrimination and calling for greater voter access.

Saturday's call between company executives "shows they are not intimidated by the flack. They are not going to be cowed," Jeffrey Sonnenfeld, a Yale management professor and one of the call's organizers, told the Post.

  • “They felt very strongly that these voting restrictions are based on a flawed premise and are dangerous,” Sonnenfeld said.
  • Sonnenfeld also noted that some of the companies on the call included representatives from Starbucks, Linkedin, Levi Strauss and Boston Consulting Group.

Go deeper

2 hours ago - Health

NYC to impose vaccine mandate on private employers

New York City Mayor Bill de Blasio (D) on Monday announced a new COVID vaccine mandate for all private companies.

Why it matters: De Blasio, speaking on MSNBC's "Morning Joe," said the "first-in-the-nation measure" will go into effect starting Dec. 27. It will apply to approximately 184,000 businesses.

D.C.-Beijing tensions are shifting markets

Illustration: Aïda Amer/Axios

U.S. markets stand to lose $2 trillion in value if D.C. and Beijing drift further apart.

Why it matters: Political chasms are showing up in new securities regulations that put companies and investors in a bind. The rules are also another reflection of how much relations between the world’s largest economies have cooled, even as they remain economically interdependent. 

5 hours ago - Health
Axios Investigates

Documents reveal the secrecy of America's drug pricing matrix

Illustration: Aïda Amer/Axios

American businesses spend hundreds of billions of dollars a year on prescription drugs, and the bills keep getting bigger. But some of the companies promising to help rein in those costs prevent employers from looking under the hood.

Why it matters: Documents provided to Axios reveal a new layer of secrecy within the maze of American drug pricing — one in which firms that manage drug coverage for hundreds of employers, representing millions of workers, obscure the details of their work and make it difficult to figure out whether they're actually providing a good deal.