What are companies doing with their profits from the tax law?

GOP Tax Law
Are companies that are benefitting from the tax law investing in workers? Are they raising wages?

Let’s check in with the experts:
“‘The buyback boom early this year confirms our view that the main use of corporate America’s tax savings will be takeovers and stock buybacks rather than capital investment or hiring,’ said Trim Tabs Investment Research in a note.” [MarketWatch, 5/22/18]

Or put another way: