House Freedom Caucus Chairman Mark Meadows (R-NC) told reporters on Thursday that conservatives will withhold their vote on the Farm bill until they receive a vote on the President Donald Trump-endorsed Goodlatte immigration bill. The House continues to move through procedural hurdles to vote on the Farm bill, which serves as the last must-pass piece of legislation before the October spending bill this week. Chairman Meadows told reporters on Thursday that his caucus will not support the Farm bill until they have a chance to vote on the Goodlatte immigration bill. Meadows said after a House Freedom Caucus meeting on Thursday afternoon: I’ve called [House] leadership from in there and expressed that our concern is that we continue to talk about immigration and we obviously do not agree with some of our moderate colleagues on the discharge petition to deal with immigration, however, we agree that we need to deal with it. We were promised many, many months ago that we would vote on … [Read more...] about Rep. Mark Meadows: ‘The Time Is Now’ to Vote on Wall, Immigration Reform
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Stock prices jumped when Trump announced his prescription drug plan — here’s what’s in it for Wall Street
Business Insider coffee prince/Shutterstock Stock prices and shares in drug companies spiked after President Donald Trump announced his plans to regulate prescription drug prices. Professors Charles M. Silver and David A. Hyman — and authors of "Overcharged: Why Americans Pay Too Much for Healthcare" — explain why Wall Street is in favor of Trump's plan. They argue the plan to make foreign prices higher won't lower prescription costs for Americans, and it will instead give pharmaceutical companies a larger profit margin to keep for themselves. After President Trump announced his plan for reining in prescription drug prices, shares in drug companies and pharmacy benefit managersspiked. Why? Based on Trump's campaign rhetoric — drug companies are"getting away with murder," Medicare should bargain down prices, etc. — Wall Street feared that big changes were afoot. But Trump's plan (titled "American Patients First") doesn't … [Read more...] about Stock prices jumped when Trump announced his prescription drug plan — here’s what’s in it for Wall Street
Real “Wolf of Wall Street” must still pay back nearly $100 million
NEW YORK - A federal judge in New York City says she wants to make sure real-life "Wolf of Wall Street" Jordan Belfort continues to pay back the nearly $100 million he owes in restitution. The judge told Belfort's lawyers Wednesday at a garnishment hearing that she's focused on getting his roughly $97 million investor restitution "back on track" almost 20 years after his conviction. The Daily News reports Belfort pleaded guilty to securities fraud and money laundering in 1999. … [Read more...] about Real “Wolf of Wall Street” must still pay back nearly $100 million
JC Penney outlook spooks Wall Street
Updated 11:18 am, Thursday, May 17, 2018 window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-4', placement: 'Interstitial Gallery Thumbnails 4', target_type: 'mix' }); _taboola.push({flush: true}); Photo: Mary Altaffer, AP Image 1of/4 CaptionClose Image 1 of 4 In this Wednesday, May 16, 2018, photo, the JC Penney logo is seen hanging outside the Manhattan mall in New York. J.C. Penney Co. reports earnings on Thursday, May 17. In this Wednesday, May 16, 2018, photo, the JC Penney logo is seen hanging outside the Manhattan mall in New York. J.C. Penney Co. reports earnings on Thursday, May 17. Photo: Mary Altaffer, AP Image 2 of 4 In this May 16, 2018, photo, a man enters the JC Penney store at the Manhattan mall in New York. J.C. Penney Co. … [Read more...] about JC Penney outlook spooks Wall Street
Judge wants to ensure ‘Wolf of Wall Street’ is paying back
NEW YORK (AP) — A federal judge in New York City says she wants to make sure real-life "Wolf of Wall Street" Jordan Belfort continues to pay back the nearly $100 million he owes in restitution.The judge told Belfort's lawyers Wednesday at a garnishment hearing that she's focused on getting his roughly $97 million investor restitution "back on track" almost 20 years after his conviction. The Daily News reports Belfort pleaded guilty to securities fraud and money laundering in 1999.Belfort has so far paid off about $13 million of an owed $110 million in restitution.His attorney says she's happy to get Belfort on a compensation schedule. He did not appear in court for the hearing.Belfort was the subject of the 2013 film "The Wolf of Wall Street" starring Leonardo DiCaprio. … [Read more...] about Judge wants to ensure ‘Wolf of Wall Street’ is paying back