Insights | Meridian Research Group | Page 10

Energy, Healthcare, Macro

The Senate parliamentarian has deemed numerous provisions of the reconciliation bill, including major components of the planned Medicaid cuts, procedurally impermissible, which some estimates suggest would add ~$250b in deficit impact back to the bill. Finance Committee Chair Crapo (R-ID) indicated to his colleagues late yesterday that the...

Energy, Healthcare, Macro

President Trump is intensifying his push to have the reconciliation bill enacted by July 4th. It appears the Senate parliamentarian will continue her review of the bill through today, with Majority Leader Thune now planning to commence with consideration of the bill on the Senate floor tomorrow and concluding over the weekend, giving the House...

Medicaid, ACA, PBMs, and HSAs in Reconciliation

Senate Republicans are in intense negotiations over modifications to the Finance Committee (SFC) draft contribution to the reconciliation bill, covering Medicaid, ACA, and other provisions (e.g., HSAs, PBMs). The SFC draft, which is more aggressive than the House bill, continues to draw push back from Republicans in both the House and Senate.

Mergers & Acquisitions

Omnicom/Interpublic

Various news outlets, including the New York Times, Bloomberg, and Reuters reported last week that the companies and FTC are in discussions over a consent decree intended to prevent the combined company from boycotting media companies due to their political content. This news comes on the heels of reports that the FTC has requested information...

The Senate yesterday passed stablecoin legislation on a 68-30 vote, with the support of 18 Democrats. The House Financial Services Committee (HFSC) has passed both a stablecoin and broader crypto market structure bill in recent weeks. The House Agriculture Committee also passed the market structure bill. HFSC Chair Hill (R-AR) has to-date...

Energy, Healthcare, Macro

Last night, the Senate Finance Committee (SFC) released its draft contribution to the reconciliation bill, covering taxes and Medicaid. Notably, the SFC draft is more aggressive than the House version of the bill in cutting Medicaid, takes a slightly more moderate approach to the House’s cuts to IRA clean energy credits, and extends the SALT cap...