Makers. Stephanie ruhle is on assignment today. Lets begin with the biggest business story of the day, possibly the week. Medtronic is buying smaller for almost 30n billion is in stock. The issue is taxes. It will move its headquarters to ireland and it could free up almost 14 billion of cash now trapped overseas by u. S. Tax policy and overseas profits. With us this morning is bill george, the former ceo of medtronic who is now a professor of management at the Harvard Business school. Also, Bloomberg Tax policy zach is here. He will ask play in the anderence between this deal what sounds similar but i know is different, what we heard weeks ago from pfizer and astrazeneca. A lot of companies this is about inversion. They are switching their corporate domicile to somewhere outside the u. S. Like ireland are doing it to lower their tax rate. 35 , thetax rate is highest among the developing countries. A lot of them want to get a lower rate through an inversion. Medtronic already has a pre
That are still taking place. The issue has been settled. The epa does have the Authority Bill in. The Supreme Court has said so twice. That matter believe should now be put to rest. Given that fact the agency has decided properly in my view that it should act now to reduce Carbon Emissions improve the quality of our air protect the health of our people and is part of an effort to address Global Climate change. The United States Climate Change is not just environmental issue or an economic issue. Climate change also has very real implications for our National Security and those concerns must be an important part of any discussion that takes place. My hope, however, is that the primary focus will be on the substance of the proposed rule and not epa brought authority to promulgate. That being said, it is clear that the act as it now stands is an imperfect tool to address the unique challenges that Climate Change presents. Congressional action and leaders would be a preferable approach, bu
Coming up, is time running out for nouri almaliki, the iraqi Prime Minister . We will ask the foreign minister if the country needs a new Prime Minister. First, lets get straight to our top company story. Poised to make his case again to french leaders today. Tomis making the case for als Energy Assets. Things going on surrounding this deal. It is becoming increasingly political. Will france be set aside . Bothine, ge and siemens improving their offers and both meeting the president today. Thats right. A pretty exciting day today. The french president will meet with the siemens ceo at 2 45 french time. And he will also meet with the General Electric ceo. Sides improving their offers. Ge last night said instead of just taking over alstoms Energy Assets, they will also create a joint venture with alstom in renewables as well as relliance on nuclear technology. Ge is selling israel for naming business selling its rail signaling business to alstom. Siemens decided to improve their cash com
Large Company Startup services who, wrote a letter to the fcc last month arguing that the commissions rules should protect users and Internet Companies on both fixed and mobile platforms against blocking, discrimination and pay prioritization and, mr. Chair, i ask for unanimous consent to submit this letter for the record. Without objection. So ordered. So, thats, an example of folks feeling like we have a competitive environment today where they have been able to thrive and innovate and wanted to make sure we continue to maintain that. So, with that, mr. Chair, i yield back. Thank you very much. Well now recognize mr. Smith. Thank you, mr. Chairman. Thank you for holding this hearing. I think it is important that we examine the importance of the antitrust laws. They can play in the discussion of the internet and particularly Net Neutrality debate. My first question is for mr. Mcdowell. How would additional regulation impact small and midsized internet providers . There is evidence in
From businesses in the 12 to 19 range and the Commission Approved both the question is do we want to provide our small but growing biz businesses a little bit more runway before the cruz kick in with the uncertainty and the cost that the that brings. So in closing when you add everything up in the proposal 6 new categories and the change to 20 the departments proposal will net add more than one hundred and 50 unique businesses that fall under the new unique businesses planning ran a good process that included the stakeholders open both sides of the issues this is a balance and were strongly in support of it thank you. Commissioner. I know were all president to here the Public Comment but this is one more speaker so notification and the upper market and the threshold number i believe the threshold number has been discussed but lets talk about the other 3 for the Economic Impact study and thanks to commissioner mar we appreciate working together. The items that remain we feel like they l