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It’s crunch time for the latest Republican healthcare bill — and it doesn’t look good. Republican lawmakers in the Senate are days away from perhaps a final deadline on repealing and replacing the Affordable Care Act, a seminal promise from the party for more than seven years.
In Wall Street news, Steve Cohen took a big step in launching his massive new hedge fund, Business Insider reported late Friday. Cohen, the billionaire hedge-fund manager briefly banned from the industry after an insider-trading investigation, has sent investors documents pitching his new fund, a person who reviewed the deck told Business Insider. And the terms are steep.
In markets news:
- Stocks slide after North Korea accuses the US of declaring war
- An ‘ominous’ pattern in Amazon’s chart could catch Wall Street off guard
- Facebook is falling amid controversies over Russian election influence and its share structure
- Bitcoin is popping
- GE is climbing after offloading its industrial unit for $US2.6 billion
- GOLDMAN SACHS: The future of the bull market hinges on one key driver
- The maker of Botox has turned to the oldest trick in the book to save its cratering stock
Larry Summers says Treasury Secretary Steve “Mnuchin may be the greatest sycophant in Cabinet history.”