Last week's House passage of H.R. 436, the Health Care Cost Reduction Act, was a victory for Rep. Erik Paulsen, its sponsor. The Minnesota Republican's political success may provide a boost to his investment portfolio, as well, the congressional watchdog site Open Secrets reports. The bill, if passed by the Senate and signed into law, would repeal an excise tax on medical devices. That includes devices sold by two companies that Paulsen owns stock in.
LIVE UPDATES: Dangerous storms move through Twin Cities
We'll have live updates as the storms move through the metro.
Tornado watch issued in Twin Cities, southern Minnesota
The watch will remain in place until midnight.
Wild fox in Minnesota tests positive for highly contagious avian flu
This is the first confirmed case of highly pathogenic avian influenza in a wild mammal in the state, the Department of Natural Resources said.
New COVID-19 testing site in St. Paul; 3 others to close as cases rise
Testing sites in Stillwater, Hutchinson, and St. Paul are closing as part of moves to adjust testing resources.
Charges: South St. Paul teen killed during apparent marijuana sale
The individual accused of killing Skelley is a 17-year-old from St. Paul.
Anthony Edwards among NBA stars in Adam Sandler's Netflix film, 'Hustle'
The Timberwolves point guard stars alongside other NBA players LeBron James, Trae Young, Juancho Hernangomez and more.
Armed man found barricaded inside Brooklyn Park home, negotiators on scene
An active police presence remains in the area as negotiators speak with the suspect.
17-year-old South St. Paul homicide victim is identified
The medical examiner determined that Skelley died of multiple gunshot wounds.
Tornado watch issued in Minnesota, South Dakota, Iowa, Nebraska
Severe storms are expected to push into southwest Minnesota this afternoon.
Korean chicken chain Bonchon's 6th MN location set to open
The South Korean-based franchise has steadily increased its presence across the country.
White House threatens to veto bill repealing medical-device tax
The U.S. House is expected to vote Thursday on legislation to eliminate a 2.3 percent excise tax on medical devices, included in President Obama's health-reform law. The bill is proposed by Minnesota Republican Congressman Erik Paulsen. The Business Journal notes the tax, set to go into effect next year, would impact large companies like Fridley-based Medtronic Inc. and Little Canada-based St. Jude Medical Inc.
House approves Paulsen bill repealing medical device tax
Minnesota Republican Erik Paulsen's bill exempting medical device manufacturers from a new health care tax has passed the House. But it may not get any farther. Democrats in the Senate are not likely to take up the measure. The White House says it will be vetoed if it gets to the president's desk.
Paulsen bill bans welfare access at strip clubs, liquor stores and casinos
The House passed legislation Thursday that will extend welfare funding into next year and prevent recipients from accessing benefits from certain locales. Erik Paulsen, R. Minn., sponsored the bill and says the measure is needed to curb abuse.
Paulsen ignores DFL opponent's corn-dog eating challenge
DFL challenger Brian Barnes has been eager to meet Rep. Erik Paulsen, R-Minn., for a debate in the District 3 race, but Paulsen hasn't agreed to any. So Barnes suggested that they duel in a state fair-themed contest. Paulsen didn't respond. That's too bad, Comedy Central says.
Target shares dip upon news of portfolio sale delay
Shares of Target stock dropped nearly 2 percent Wednesday morning after the Minneapolis-based retailer reported that it would temporarily delay its efforts to sell the portfolio containing the balances credit card holders owe the company. The Associated Press reports that the company does not expect to sell the portfolio until later this year or early next.
Is Medtronic going after India's largest med-tech company?
A respected Indian business publication is reporting that Medtronic is negotiating with an Indian medical technology company to make a strategic investment in it. Trivitron Healthcare is reportedly India’s largest med tech company. The Fridley-based company has not commented specifically on the deal, however, CEO Omar Ishrak has made no secrets about his interest in India.
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