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Amazon, Berkshire Hathaway, and JPMorgan Chase are partnering on employee health care. The firms announced plans to launch an independent company focusing on cutting health care costs and improving services for their US workers. Though details are scarce, the new business is expected to initially examine how technology can “simplify the health care system,” per CNBC. The three corporate giants employ more than 1.1 million workers.
Exxon Mobil and Pfizer are both boosting US investment in the wake of corporate tax cuts. Exxon Mobil plans to invest $50 billion in the US over the next five years, focusing on production in parts of Texas and New Mexico; the oil giant says it will create “thousands” of new jobs. Pfizer also announced plans Tuesday for a five-year $5 billion investment, which will include the expansion of US manufacturing efforts. The two businesses are just the latest in a slew of companies announcing investments and bonuses following last year’s tax overhaul.
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