The Implementation of a New Corporate Tax on Share Buybacks

In episode 17, we will be discussing various topics including the recent developments in Truepill, a startup that handles the shipment of prescription drugs for online pharmacies like Hims, Mark Cuban's Cost Plus Drugs, and GoodRx. According to a recent filing from Prime Unicorn Index, Truepill has authorized a significant reduction of over 90% in the price of some of its shares compared to their peak in 2021. Additionally, the escalating labor costs, rising interest rates, and impending federal staffing minimums are causing an increasing number of nursing homes and senior living operators to file for bankruptcy. Moreover, the introduction of a new 1% tax on stock buybacks is leading to a rise in companies' projected tax burdens, amounting to over $3.5 billion in the first half of the year among major U.S. public companies.


------🔎RESOURCES🔎

TRUEPILL LOSES 90% OF SHARE VALUE (THE INFORMATION) // https://bit.ly/45NJ0m3

TRUEPILL’S CEO OUT AS TROUBLES MOUNT AT TECH-ENABLED PHARMACY (FORBES) // https://bit.ly/45MwbZg

CRACKS DEEPEN FOR AMERICA’S BIGGEST HOSPITAL LANDLORD (WSJ) // https://bit.ly/3QWGup7

HOSPITAL DEAL GONE BUST PUTS REAL-ESTATE FIRM IN SPOTLIGHT (WSJ) // https://on.wsj.com/3skoavV

BANKRUPTCIES IN TROUBLED NURSING HOME INDUSTRY (MODERN HEALTHCARE) // https://bit.ly/45pJZZP

BORROWERS WITH $39 BILLION IN STUDENT LOANS FINALLY SEE RELIEF (FORBES) // https://bit.ly/47IxtGp

FIDELITY COLLEGE REPORT // https://bit.ly/47RIchC

NEW BUYBACK TAX HITS COMPANIES WITH $3.5 BILLION BURDEN (WSJ) // https://bit.ly/3stjiVo

HOW A SMALL GENDER CLINIC LANDED IN A POLITICAL STORM (NYT) // https://bit.ly/45ocUgP


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