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U.S. to share AstraZeneca vaccine stockpile with the world

The U.S. will begin sharing its inventory AstraZeneca vaccine doses with countries around the world, AP reports.

Why it matters: The Biden administration had been under intense global pressure for refusing to share its stockpile of the AstraZeneca vaccine, which is critical to vaccine rollouts in countries like India but not approved for use in the U.S. Per AP, the administration now expects to be able to share around 60 million doses in the coming months.

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Senate Democrats settling on 25% corporate tax rate

The universe of Democratic senators concerned about raising the corporate tax rate to 28% is broader than Sen. Joe Manchin, and the rate will likely land at 25%, parties close to the discussion tell Axios.

Why it matters: While increasing the rate from 21% to 25% would raise about $600 billion over 15 years, it would leave President Biden well short of paying for his proposed $2.25 trillion, eight-year infrastructure package.

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