Afternoon Coffee: National IPA Forms Omnia Partners, What to Expect from NAFTA Negotiations

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The National Intergovernmental Purchasing Alliance announced Wednesday it had formed Omnia Partners, a shared services company dedicated to government, education and the private sector, according to a press release. Omnia consists of three subsidiaries: National IPA, Prime Advantage and Corporate United.

“Omnia Partners was formed to continue our growth into other market sectors, while providing unrivaled solutions and value to customers,” said Todd Abner, president and chief executive officer, Omnia Partners. “With its subsidiary purchasing organizations, Omnia will represent approximately $10 billion in annual spend, and will continue to execute upon its strategic acquisitions plan to further enhance the offerings for the customers and suppliers of each subsidiary.”

NAFTA Talks

Delegates from Canada and Mexico are coming to Washington Wednesday to begin discussions for revising the North American Free Trade Agreement, Bloomberg reports. While each party has its own “must haves,” some of which conflict, the stated goal is to have a new deal in place by the end of the year.

Brexit and the Border

The U.K. is publishing a plan Wednesday that aims to avoid a harsh border with Ireland, according to Politico. While Brexit complicates the border question by removing the U.K. from the EU customs union, neither side wants to return to a hard border because of the security implications.

Fed Minutes 

And finally, a Fed update: U.S. stocks rose Wednesday on expected news from the U.S. Federal Reserve on whether more rate increases are coming this year, MarketWatch reports.

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