On day two of the DealBook DC policy project, we will hear more policymakers and business leaders talking about the challenges of coronavirus vaccine deployment, the future of financial regulation, and the prospects for bipartisanship in a polarized age.
Here is the lineup (all times in the East):
12:30 p.m. – 1:00 p.m.
Karen Lynch of CVS Health on vaccine deployment
Karen lynch took over CVS Health this month as the drugstore chain takes center stage in efforts to fight the pandemic. It is working with the government to distribute the coronavirus vaccine in its stores, as well as in nursing homes and assisted living facilities. To help with those efforts, the company hired 15,000 employees late last year, staffing itself to deal with what President Biden has called “gigantic” logistical hurdles to the vaccine rollout.
2:30 p.m. – 3:00 p.m.
Vlad Tenev of Robinhood and Jay Clayton, former chairman of the SEC, in the markets
At the center of the recent meme stock frenzy was online brokerage firm Robinhood, which has attracted millions of users with commission-free trades but sparked outrage from its users when it halted trading in GameStop and other actions at the height of the mania.
Vlad tenevRobinhood’s chief executive has just faced hours of hostile questioning during a congressional hearing last week on his company’s business practices. Joining him in discussing what regulators should do now – if anything – is Jay clayton, the veteran Wall Street lawyer who headed the Securities and Exchange Commission under the Trump administration. From the start of his tenure, Clayton said his mission was to protect “the long-term interests of the Main Street investor.”
5:30 p.m. to 6 p.m.
Senator Mitt Romney on finding common ground
Senator Mitt Romney, Republican of Utah, crossed party lines to vote twice to convict President Donald J. Trump on articles of impeachment. He is also drafting a bill with Republican Senator Tom Cotton of Arkansas that would raise the minimum wage while banning companies from hiring undocumented immigrants. This is typical of Mr. Romney’s approach, speaking of concerns on both sides of the aisle at a time of severe partisan divisions.
Karen Lynch is the CEO of CVS Health, a drugstore chain that has taken center stage in the fight against the pandemic. She will speak to Andrew Ross Sorkin of the New York Times at the DealBook DC Policy Project about the role of American companies in the distribution of the coronavirus vaccine, among other measures related to public health.
The session begins at 12:30 p.m. EST.
On day one of the DealBook DC Policy Project, top policymakers and business leaders discussed the path to economic recovery, the dangers of Big Tech, the future of travel, the recovery point and more.
Janet Yellen: “I think we have more fiscal space than before.”
The Treasury Secretary opened the event with an in-depth discussion of her priorities, including whether the government has even more borrowing room to help support the economic recovery through stimulus spending.
Letitia James: “These big tech companies are stifling competition, innovation, creativity.”
The New York State Attorney General has spoken about several of the cases his office is pursuing against powerful business interests. “The federal government under the previous administration was absent in many areas, and in particular in the area of antitrust,” she said.
Ed Bastian: “The pent-up need, the urge and the desire to travel are like never before.”
The CEO of Delta Air Lines said travel would eventually rebound because “people want to experience life.” But international flights will be the last to recover, he said, as countries remain “very, very careful not to let anyone enter their borders.”
Steve Ballmer: “There is something fishy about spending $ 2 trillion and only getting back $ 800 billion.”
The former Microsoft chief founded a nonprofit called USAFacts to collect and organize data about the country in an accessible way. Looking at the numbers, he questioned the effectiveness of some stimulus programs and suggested other ways to spend the money better.