Corporate America launches massive lobbying blitz to kill key parts of Democrats’ $3.5 trillion economic plan – The Washington Post

A torrent of political groups representing some of the country’s most influential corporations — including ExxonMobil, Pfizer and the Walt Disney Company — are laying the groundwork for a lobbying blitz to stop Congress from enacting significant swaths of President Biden’s $3.5 trillion economic agenda. The emerging opposition appears to be vast, spanning drug manufacturers,…

CVS Health Quits U.S. Chamber Over Stance on Smoking – The New York Times

This is important and most welcome news. If companies like CVS believe that the Chamber of Commerce is promoting initiatives that are contrary to their own corporate strategy and reputation, they will leave. What is especially illuminating here is that apparently they had no knowledge that the Chamber was spending its resources and risking its…

U.S. Chamber Forms Coalition to Fend Off Activist Hedge Funds – Bloomberg Business

If the chamber’s coalition wants to “facilitate long-term value creation, they should support reforms that strengthen shareholder rights and oppose arrangements that insulate managements from shareholders,” said Lucian Bebchuk, a professor at Harvard Law School. via U.S. Chamber Forms Coalition to Fend Off Activist Hedge Funds – Bloomberg Business.