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Tag Archives: capital

The story goes that Biden’s proposed capital gains tax will put immediate selling pressure on stocks, according to Goldman Sachs

Drew Angerer / Getty Images Joe Biden’s proposed capital gains tax could put immediate selling pressure on stocks, according to Goldman Sachs. In a Friday note, the company stated that the latest capital gains tax hike in 2013 sparked approximately $ 100 billion worth of stock sales by wealthy individuals. However, those who sold quickly bought back stock just months …

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Billionaire Chamath Palihapitiya, Social Capital SPAC, will merge with Clover Health worth $ 3.7 billion

Mike Windle / Getty Images for Vanity Fair Social Capital Hedosophia Holdings Corp. III will merge with Medicare insurer Clover Health to value the latter at $ 3.7 billion, according to a press release on Tuesday. The special-purpose acquisition company (SPAC), led by billionaire Chamath Palihapitiya, will use the funds raised as part of its IPO to buy Clover Health …

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Clover Health said in discussions about going public on Social Capital III

Clover Health, an insurance startup supported by Alphabet Inc. and Sequoia, is in advanced talks to go public through a merger with a blank check company Social Capital Hedosophia Holdings Corp. III, according to information from persons familiar with the matter. A deal could be announced as early as this week, said people, who asked not to be identified as …

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Capital cities hire Peter Laviolette as the new head coach RMNB

After a three-week search, the Washington Capitals have found their new head coach. Peter Laviolette will be the Capitals’ 19th coach in franchise history and the seventh in the Alex Ovechkin era (15 seasons). For Ovechkin, Laviolette will only be the second coach he has played under and who has previously gained coaching experience in the NHL. The news was …

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Social Capital SPAC, led by billionaire Chamath Palihapitiya, is in advanced talks to merge with Opendoor, the report said

Reuters Opendoor is in advanced talks to enter into a merger with Social Capital Hedosophia Holdings Corp. II, a “blank check” company (SPAC) led by billionaire investor Chamath Palihapitiya, is going public, Bloomberg reported Thursday. Opendoor is a real estate company that buys houses direct from sellers, makes some improvements to the houses, and then resells them. Although the deal …

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Yemens Houthis say “important target” hit in the Saudi capital | Yemen news

Yemen’s Houthi rebels say they hit an “important target” in the Saudi Arabian capital, Riyadh, with a ballistic missile and drones. A Saudi Arabia-led coalition that has been at war against the Iran-backed group since 2015 did not confirm an attack on Riyadh, but said it intercepted and destroyed a number of ballistic missiles and explosive drones that were fired …

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Hennessy Capital Acquisition Corp. (NASDAQ: HCAC), BlackRock, Inc. (NYSE: BLK)

Canoo Holdings Ltd, an electric vehicle company, announced Tuesday that it will go public with $ 2.4 billion in 2020 and begin shipping vehicles by 2020, Reuters reported. What happened The California-based startup already has a partnership with South Korea’s Hyundai Motor Co. (OTC: HYMTF) and, according to Reuters, will partner with a special purpose vehicle to go public. The …

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