Manafort’s Lawsuit Faces a Tough Road: DealBook Briefing
• Lex writes, “With the demise of this payments merger, any Chinese company
wanting to buy anything of significance in the U. S. should give up.” (Lex)
• Richard Beales writes, “If it’s a rebuke, it’s one that’s conveniently unlikely to provoke great resentment.” (Breakingviews)
Dominion Energy has agreed to buy Scana Corporation in an all-stock deal valued at $14.6 billion, including debt.
Second, stronger growth could result in more aggressive Fed tightening, which could eventually weigh on overall economic growth.”
Which sectors stand to get biggest earnings boost this year from the cut to the corporate tax rate?
It’s that another Republican lawmaker who has been relatively friendly to Mr. Trump is stepping down
before the 2018 midterm elections — which could whittle down the G. O.P.’s control of Congress.
The Bitcoin flyaround
• John O’Rourke, the head of Riot Blockchain, a small biotech-turned-digital currency company, has made at
least $712,000 on price increase of more than 60 percent after the company added blockchain to its name.
As for Meltdown, the software patch needed to fix the issue could slow down computers by as much as 30
percent — an ugly situation for people used to fast downloads from their favorite online services.”
The business implications are unclear for chip makers, who may have to eventually swap out all affected hardware to eradicate the threats.