Today’s Business and Stock Market News: Live Updates – The New York Times

The report offers a first look at which companies could face higher tax bills under the proposal, which calls for enacting a 15 percent minimum tax on companies that report more than $1 billion in profit to shareholders, even if they have zero federal tax liability.

The report by Ms. Warren found that the tax would require companies such as Amazon, Facebook, FedEx, General Motors, Google, T-Mobile and Verizon to pay more to the United States government.

Ms. Warren’s office used data compiled by the nonpartisan Institute on Taxation and Economic Policy on publicly traded companies in the Fortune 500 and S&P 500.

The tech company would have paid $836 million more in federal and foreign income taxes had the minimum tax been in place, according to Ms. Warren’s analysis.

The report also found that FedEx had a 7.2 percent effective tax rate and, if the new tax were in place, would have paid $518 million more in taxes in 2020.

The group also warned that, under the proposal, companies were likely to report smaller profits to their shareholders in order to lower their tax bills.

The six-year contract was ratified, 61 percent to 39 percent, after workers voted down two earlier agreements between the United Automobile Workers and the company, which is known for its distinctive green-and-yellow John Deere products.

“Our members’ courageous willingness to strike in order to attain a better standard of living and a more secure retirement resulted in a groundbreaking contract and sets a new standard for workers not only within the U.A.W.

About 55 percent of workers voted to reject the second agreement between Deere and the U.A.W., with some complaining that the wage increases were too small at a company that expected to earn nearly $6 billion this fiscal year.

After workers rejected the second agreement, Deere said that its offer had been as generous as it could afford and that it had no plans to return to the bargaining table.

Ms. Omarova, a Cornell Law School professor, sets out Thursday on a tough path to confirmation as the head of the regulator overseeing national banks.

Bankers claimed that her academic writing proved that she was poised to replace the banking system with a government-run alternative.

In a prepared opening statement posted on the Senate Banking Committee website on Wednesday, Ms. Omarova cast her background in the opposite light.

Ms. Omarova also vowed to “guarantee a fair and competitive market where small and midsize banks that invest in their neighbors’ homes and small businesses can thrive.” She added that her mission would include “preserving and fostering the relationship banking that drives economic growth and creates local jobs and prosperity.” Twice in the remarks, Ms. Omarova pointed out that she had worked for a Republican president, George W.

If confirmed, Ms. Omarova would lead the regulator that banks are looking to for clarity on how they can participate in cryptocurrency markets, as well as how they can more successfully compete with nonbank financial technology companies, or fintechs.

Despite the interruptions, the trial has pressed forward.

14: Erika Cheung, a key whistle-blower, testified that she had joined Theranos because she was dazzled by Ms. Holmes’s charisma.

22: James Mattis, the retired four-star Marine Corps general and former defense secretary under President Donald J.

Adam Rosendorff, a former lab director at Theranos, emerged as a key witness for the prosecution, providing greater detail about the range of problems and patient complaints.

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