Legislative News

Tempe and Beyond: What’s Happening In Politics?

Provided by Dorn Policy Group, Inc.  

National/State/Local: Week of August 6, 2018

NATIONAL

Tesla shares resume trading, Musk posts blog on why company should go private

 

Tesla resumed trading on the Nasdaq exchange after a nearly two-hour pause on Tuesday afternoon, shortly after the company confirmed in a blog post that CEO Elon Musk is considering taking the electric car maker private at $420 per share.

 

Healthcare mergers are in doubt, and Amazon isn't going away

 

Drugstore chain CVS wants to buy insurer Aetna (AET), but the California Insurance Commissioner wants the Justice Department to block the $69 billion deal, citing concerns that prices will go up and competition will decrease.

 

Another insurer, Cigna, hopes to buy pharmacy benefits manager Express Scripts (ESRX) for $67 billion. However, there were reports last week that activist investor Carl Icahn has taken a stake in Cigna, with the hopes of convincing shareholders to vote against the Express Scripts merger on August 24.

Small business owners favor more China tariffs: Survey

Business owners are cheering President Trump’s tough talk on trade Opens a New Window.  and tariffs Opens a New Window.

STATE

AT&T puts $400 million into Valley mobile infrastructure during a three-year run

 

AT&T has put more than $400 million into upgrades of its Phoenix-area mobile network, the lion's share of what it invested across the state during the past three years.

 

Arizona has millions in unclaimed property – here's how to see if any of it's yours

 

The Arizona Department of Revenue is urging consumers and businesses to check for possible unclaimed money after it returned a record $64.3 million over the 12 months ended June 30.

LOCAL

Looking for a shorter commute? Better move to this Valley city

If you want to shave some time off your daily commute, you might consider moving to Tempe.

Bank of the West to hire hundreds in Tempe by the end of the year

Bank of the West plans to hire nearly 400 workers by the end of the year at its Tempe operations center, keeping with plans to hire 1,000 people in Arizona during 2018.