From the Nancy Pelosi's push to vote on a $1 trillion rescue bill in the Democratic-controlled House to President Trump’s efforts to galvanize his supporters who
oppose lockdown restrictions, Ralph Russo speaks to his co-host, Washington Bureau Chief Julie Pace about the latest political news on this episode of “Ground Game.”
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Pelosi moving swiftly on $3 trillion relief plan despite Dem gripesSpeaker Nancy Pelosi is projecting confidence that the House will pass Democrats’ massive coronavirus relief bill Friday, even as she and her leadership team are still working to secure the votes The House is expected to pass the bill Friday, though some progressives and moderates are currently withholding their support won’t pass the Senate Why is there so little in the bill to address racism? Racism is a bigger problem than covid right now.
Source: politico - 🏆 381. / 59 Read more »
Moderate Democrats voice opposition and unease over $3 trillion Covid package pushed by PelosiSome moderate Democrats in Congress are expressing unease over, or outright opposition to, the more than $3 trillion coronavirus relief bill that party leaders are bringing to the House floor for a Friday vote. Relief for pot shops, amnesty for illegal aliens and their employers, federal takeover of elections from the states, 10K student loan cancellation, Ends buy American permanently :Chapter 83 of title 41 is the Buy American Act- predominately helps Chinese Communist Party. Good. The bill is insane. Open up the country and we wouldn't need these pork-laden spending bills that will cause massive inflation and misery. WalkAway Are you suggesting progressive Marxist socialist ideology isn’t selling in the USA?
Source: CNN - 🏆 4. / 95 Read more »
Pelosi wrangles wary Dems ahead of vote on $3 trillion relief packageThe speaker is taking a risk by pushing through a bill that the GOP-controlled Senate won't take up and exposing moderates to criticism. “Moderate” what? Moderate communists A 'risk?' By putting Republicans on record as saying 'No' to more aid for struggling businesses and communities? You really do live in an alternate realty, don't you?
Source: politico - 🏆 381. / 59 Read more »
ADC Therapeutics sets IPO terms, to be valued at up to $1 billionADC Therapeutics S.A. set terms of its initial public offering, as the Switzerland-based biotechnology company focused on cancer treatments looks to raise up to $185.3 million. ADC is offering 10,295,000 shares in the IPO, which is expected to price between $16 and $18. With 56.58 million shares outstanding after the IPO, the company could be valued at $1.02 billion if the IPO prices at $18. The stock will be listed on the NYSE under the ticker symbol "ADCT." Morgan Stanley, BofA Securities and Cowen are the lead underwriters. The company recorded a net loss of $116.5 million on contract revenue of $2.3 million in 2019, compared with a loss of $123.1 million on revenue of $1.1 million in 2018. ADC is looking to go public at a time that the Renaissance IPO ETF has slipped 5.1% over the past three months while the S&P 500 has dropped 16.6%.
Source: MarketWatch - 🏆 3. / 97 Read more »
Clariant sticks to extra $1 billion payout, scrubs dividend in crisisClariant is scrapping a regular dividend as it hunkers down to survive the COVID-19 crisis, the Swiss specialty chemicals maker said on Thursday, while still planning a special $1 billion payout from asset-sale proceeds, if they go through.
Source: Reuters - 🏆 2. / 97 Read more »
EXCLUSIVE: Central American Workers Demand $1.7B in Back Pay From U.S. FirmsCentral American unions are launching a campaign to pressure U.S. companies sourcing apparel in the region to pay factories for canceled orders and provide a living wage until COVID-19 abates.
Source: wwd - 🏆 24. / 68 Read more »