The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Top Democrats slammed Senate Republicans' Obamacare replacement draft bill almost immediately after the 142-page plan was posted online.
Senate Minority Leader Chuck Schumer, D-N.Y., warned that the plan would mean higher costs for consumers and lead to more people going uninsured. He also bashed his GOP colleagues for keeping the bill tightly held and contended it is "every bit as bad" as the highly criticized House plan.
"The Senate Republican health-care bill is a wolf in sheep's clothing. Only this wolf has sharper teeth than the House bill," Schumer said on the Senate floor.
It is not clear how much of the bill Schumer read before making those statements. Senate Majority Leader Mitch McConnell, R-Ky., immediately responded to Schumer, saying he "has not seen a copy" of the bill. Schumer then said he was referring to the draft plan posted online minutes before he spoke.
The Senate unveiled its plan after a closely held drafting process that was criticized by Republican and Democratic lawmakers alike. Many GOP senators said they had not seen the text of the draft bill before its release.
Senators aim to vote on the bill before the Fourth of July recess. However, it is unclear if the GOP can muster enough votes before then.
Before Schumer spoke, McConnell defended the secretive process of drafting the legislation. He said that "there will be ample time" to analyze and discuss it before it reaches the floor. That is expected to happen next week.
McConnell said the nonpartisan Congressional Budget Office is not expected to release a report on its effects until next week. After the CBO score comes out, a "robust debate and amendment process" will proceed, McConnell said.
"It's time to act," McConnell said. "Because Obamacare is a direct attack on the middle class."
House Speaker Paul Ryan said he was briefed on the plan and understands that it "tracks in many ways" with the House bill. He did not comment on the criticisms of the Senate's process, saying he did not want to be "disrespectful."
Health and Human Services Secretary Tom Price welcomed the Senate bill, saying it would "provide Americans with much needed relief from Obamacare."
Opposition to the House version appears to be growing. Americans consider the House Republican health-care bill to be a bad idea by a 3-to-1 margin, according to a new NBC News/Wall Street Journal poll.
Four Republican senators, enough to block passage, said Thursday that they could not support the Senate proposal in its current form.
Sen. Elizabeth Warren called the proposal a "monstrosity of a bill that Republicans have been hiding behind closed doors for weeks." She lambasted her GOP colleagues for spending that time "dreaming up even meaner ways to kick dirt in the face of American people and take away their health insurance."
Sen. Kamala Harris, D-Calif., called on her colleagues to vote down the GOP bill, saying that they should be trying "to help, not hurt the people" they represent.
House Democratic Leader Nancy Pelosi tweeted that it is "absurd" to call the Senate proposal a health care bill. She asserted that the GOP plan is "nothing more than a massive tax cut for the rich on the backs of working families."
Sen. Bernie Sanders echoed Pelosi's sentiment, saying the bill "has nothing to do with health care" and alleged "it's an enormous transfer of wealth from working people to the richest Americans."
Sen. Maggie Hassan, D-N.H., asserted that Republican senators took a bill that President Donald Trump "admitted was 'mean' and managed to make it even more heartless."