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OFFON

FOX CORPORATION

(FOXA)
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Sen. Capito holds out hope for infrastructure deal

05/30/2021 | 03:09pm EDT

Negotiations between U.S. Democratic President Joe Biden and Republican senators over an infrastructure package are inching forward even though disagreements remain.

Republican Sentor Shelley Moore Capito told Fox News Sunday, "I think we can get to real compromise, absolutely, because we're both still in the game."

Capito leads a group of six Senate Republicans who have been in regular contact with the White House.

Her side last week proposed $928 billion to improve roads, bridges and other traditional infrastructure projects. Much of the funding would come from reallocating money meant for other programs.

The Biden administration's latest offer in negotiations is for $1.7 trillion and would include projects such as home care for the elderly.

Transportation Secretary Pete Buttigieg described negotiations to ABC's "This Week," saying, "there's movement in the right direction, but a lot of concern."

One of the many sticking points: The White House wants to offset the cost of the plan with new taxes on the wealthy and on corporations.

When asked about rolling back some of the tax cuts enacted during the Trump administration, Capito said "I'm not going to vote to overturn those."

She also held the line against funding for projects that go beyond physical infrastructure.

The talks were expected to continue this week even though Congress is on a break, with the Senate returning on June 7.


ę Reuters 2021
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Financials (USD)
Sales 2021 12 778 M - -
Net income 2021 2 232 M - -
Net Debt 2021 2 138 M - -
P/E ratio 2021 9,39x
Yield 2021 1,67%
Capitalization 19 765 M 19 765 M -
EV / Sales 2021 1,71x
EV / Sales 2022 1,61x
Nbr of Employees 9 000
Free-Float 81,2%
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Fox Corporation Technical Analysis Chart | FOXA | US35137L1052 | MarketScreener
Technical analysis trends FOX CORPORATION
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Mean consensus OUTPERFORM
Number of Analysts 26
Last Close Price 35,03 $
Average target price 41,68 $
Spread / Average Target 19,0%
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Managers and Directors
Lachlan Keith Murdoch Co-Chairman & Chief Executive Officer
Steven Silvester Tomsic Chief Financial Officer
Keith Rupert Murdoch Co-Chairman
Paul Cheesbrough Chief Technology Officer & President-Digital
Yoel Flohr Executive Vice President-Technology & Digital
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