The second and final day of the DealBook DC Policy Project featured discussions on the prospects of bipartisan deal-making in Washington, overhauling of the financial markets and corporate America’s role in fighting the pandemic.
Here are the highlights from the sessions on Tuesday:
“We’ll lose 1.3 million jobs.”
Elements of Democrats’ stimulus proposals, including raising the federal minimum wage to $15 an hour, attracted criticism from Senator Mitt Romney, Republican of Utah. But he mentioned potential common ground with the Biden administration, including on climate change. Mr. Romney defended his traditional conservatism amid the G.O.P.’s embrace of right-wing populism, but noted that if former President Donald J. Trump ran for re-election in 2024, “I’m pretty sure he will win the nomination.”
“I think it’s pathological that you could have greater than 100 percent short interest.”
Lessons from meme-stock mania were among the topics discussed by Vlad Tenev, the chief executive of the online brokerage firm Robinhood. He defended the practice of directing trades to market makers for a fee, which allows Robinhood to offer commission-free trading. Also on the panel, Jay Clayton, the former chairman of the Securities and Exchange Commission, said that the markets were functioning the way they should in many ways, including by promoting competition among brokers and market makers.
“There will continue to be vaccinations required for Covid.”
The chief executive of CVS Health, Karen S. Lynch, spoke about the fight against the pandemic, saying that people would probably need booster shots and might need to keep wearing masks next year. But whether businesses should require employees to be inoculated was a “company-by-company response,” she said.