Welcome to Finance Insider, Business Insider’s summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox.
A new analysis says 21 million more people would have no insurance under the new GOP healthcare bill.
Over 20 million more people could go without health insurance if the Graham-Cassidy healthcare legislation is signed into law, according to a study from the Brookings Institution published Friday.
The future of the bill looks shaky. Sen. John McCain said that he would not support the bill, dealing the legislation a potentially fatal blow. The healthcare bill could also blow up in the GOP’s face because of an obscure Senate rule.
In finance news, the founder of the world’s largest hedge fund, Ray Dalio, told Business Insider’s Henry Blodget that the US economy looks like 1937 and we need to be careful.
Uber has lost its licence to operate in London. Also in London, Rubicon, a macro hedge fund based there, has lost a third of its value this year in its flagship fund.
In other news:
- The ‘death rate’ of America’s biggest companies is surging
- ROBERT SHILLER: Stocks look just like they did right before the 13 most recent bear markets
- Jamie Dimon bashes bitcoin again, says cryptocurrencies ‘are kind of a novelty’