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History says Biden’s planned capital-gains tax will put immediate selling pressure on stocks, according to Goldman Sachs | Markets – Business Insider

History says Biden’s planned capital-gains tax will put immediate selling pressure on stocks, according to Goldman Sachs

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  • Joe Biden’s planned capital-gains tax may put immediate selling pressure on stocks, according to Goldman Sachs.
  • In a Friday note the firm explained that the last capital-gains tax hike in 2013 sparked a stock sell-off worth roughly $100 billion from wealthy individuals.
  • However, those individuals who sold quickly bought back stocks only a few months later, leading Goldman to conclude that the household selling around tax hikes will be “short-liv…

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GM shares close at new year-to-date high following Hummer EV debut – CNBC

GM stock closed at $37.41, up 4.6% – pushing the shares for the year in the black (up 2.2%) for the first time since Jan. 2.

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Shares of General Motors closed Thursday at their highest price so far this year following the successful debut Tuesday of the new GMC Hummer EV as well as the automaker’s announcement earlier in the week of more than $2 billion in new U.S. investments to support electric vehicles.
The stock settled at $37.41 a share, rising 4.6% for the day and pushing the price up 2.2% year to date. That was just enough to drive the shares into the black for the first time since Jan. 2. The stock has jumped by…

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Revamped Coronavirus Risk Map: Mass. Up to 77 Communities in the Red – NBC10 Boston

The weekly report from the Department of Public Health includes a breakdown of the total number of coronavirus cases in each Massachusetts city and town, and…

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Massachusetts’ latest weekly community-level data on the coronavirus pandemic, including the updated town-by-town risk assessment map, shows 77 communities considered at the highest risk for transmitting COVID-19, an increase of 14 from last week.
This week’s report from the Department of Public Health was revamped to include data on isolated outbreaks, requiring its release to be moved back from Wednesdays to Thursdays. This is the first week of the new version.
Last week, Massachusetts climbed…

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US faces major hurdles for COVID-19 vaccine distribution: Vaccine advisory committee – Yahoo Finance

The race for a COVID-19 vaccine race doesn’t end with emergency use application. Companies are faced with several obstacles, according to the FDA’s vaccine…

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Any coronavirus vaccine that could be authorized for emergency use by the U.S. Food and Drug Administration (FDA) faces several additional hurdles after completing the final stage of clinical trials.
That was the theme of key issues addressed today by the FDAs vaccine advisory committee which includes a group of health and science experts who advise the regulatory agency on the best way to approach the path forward for a COVID-19 vaccine.
Among the more immediate hurdles, the path to receive an…

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