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Senate Republican leadership released a draft of its long-awaited healthcare bill Thursday, ending weeks of speculation and a secretive process that frustrated Democrats and even some Republicans.
The legislation — called the Better Care Reconciliation Act of 2017 — would roll back much of the Affordable Care Act, the healthcare law better known as Obamacare, including various tax provisions. Healthcare stocks are rallying.
In deal news:
- Altice USA opens up 5% in the second biggest IPO of the year
- Qatar Airways wants to buy a 10% stake in American Airlines
- Warren Buffett’s Berkshire Hathaway gives embattled Canadian lender Home Capital a $US1.5 billion lifeline
- Blockchain raises $US40 million from Lakestar and Google’s venture arm
On Wall Street:
- This complex colour-coded chart spells bad news for a lot of Wall Streeters
- Wall Street banks are helping rebuild European soccer clubs
- INSIDE NOMURA: Day in the life of a junior banker
- The first thing you should do when you start at a Wall Street bank
- Morgan Stanley addressed its interns’ most pressing career questions, and every young employee can learn from the answers
In markets and economics news:
- $US45 BILLION HEDGE FUND BOSS: Protectionism is “a convenient fig leaf for the shortcomings of US business leaders”
- The safety net of the stock bull market is vanishing — but it may not matter
- The next big stock market shift could come from an unexpected source
- One striking chart shows traders don’t believe the Fed
- The rise of the iPhone is making the Fed’s job harder
- ALBERT EDWARDS: Central bankers are the ‘next sacrificial lambs to throw to the wolves’ of populist rage
- Wall Street has been brutally wrong when it comes to making one of its most important predictions
- Ethereum had a flash crash — here’s what happened
- Sears Canada is closing a quarter of its stores
- IT’S US OR THEM: Walmart is telling vendors to stop using Amazon’s cloud
- Nike designed a shoe just for dads — and it’s flying off the shelves
And lastly, in tech:
NOW WATCH: An economist explains how demand for labour creates inflation — and what the Fed can do about it
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