Apple Inc. is expected to report Tuesday that its stockpile of cash has topped a quarter of a trillion dollars, an unrivaled corporate hoard that is greater than the market value of both Wal-Mart Stores Inc. (NYSE:WMT) and Procter & Gamble Co. (NYSE:PG) and exceeds the combined foreign-currency reserves held by the U.K. and Canada combined. The money, more than 90% which is stockpiled outside of the U.S., has drawn fresh attention as President Static Contraction Training Donald Trump has proposed slashing business taxes and a one-time tax holiday on corporate cash brought home. That could ratchet up pressure on the tech giant to make splashy acquisitions or dole out more money to shareholders. Also see: These are the 5 U.S. companies with the biggest overseas cash piles Apples (NASDAQ:AAPL) quarterly results will show the company has doubled its cash pile in just over 4 years.
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WASHINGTON President Donald Trump insisted that Republicans health-care plans would maintain a guarantee of coverage for people with pre-existing conditions but sidestepped the thornier debate over whether proposed changes could raise insurance costs for sick people to the point where coverage is unaffordable. Pre-existing conditions are in the bill. And I mandate it. I said, Has to be, Trump told CBSs Face the NationSundaywhen pressed on whether the GOP health-care plan would maintain one of the most popular aspects of the Affordable Care Act, which Trump has vowed to scrap. Your browser doesnt support HTML5 video or there is a problem with the stream. Trump Swipes at Media, Defends Record on 100th Day (2:23) President Donald Trump skipped the annual black-tie White House Correspondents Association dinner in Washington, D.C., and instead marked his 100th day in office with a campaign-style rally in Pennsylvania, where he took swipes the media and offered a defense of his record. Photo: Carolyn Kaster/Associated Press Interviewer John Dickerson repeatedly asked Trump if the Republican plan being negotiated among GOP lawmakersin the House would guarantee coverage to people in every state,regardless of their medical history.Trump said that it would, but he didnt directly address the possibility that some states could opt to charge more to people with suchpre-existingconditions, the current sticking point in negotiations between GOP centrists and conservatives. When asked by Dickerson to respond to critics who said the changes could effectively make coverage completely unaffordable for people, Trump said that the evolving Republican plan would leave people better off than Static Contraction Training they would be under the 2010 Affordable Care Act, also known as Obamacare. Forget about unaffordable, the president said. Whats unaffordable is Obamacare.
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