On Wednesday, the Senate passed the 21st Century Cures Act by a whopping 94-5 vote. The Cures Act eases FDA drug and device approvals, speeding up FDA approvals. And while investors and politicians from both parties embraced the bill, the legislation has drawn strong criticism from experts within the medical community. Why are they so worried? How does this affect the markets?
Read The Capitalist’s Take Here
Read More at USA Today
Read More at New York Times
GOOGLE SAYS COMPANY WILL RUN 100% ON RENEWABLE ENERGY IN 2017
Google expects to purchase enough renewable energy to cover its entire operation for the first time ever next year, the company announced Tuesday. The company will purchase about 2.6 gigawatts of wind and solar energy annually (enough to more power more than 1 million homes) to power its office and data center operations around the globe.
Read More at TIME Here
Read More at TechCrunch Here
Read More at Mashable Here
FACEBOOK TEAMS WITH MICROSOFT AND GOOGLE TO COMBAT EXTREMIST CONTENT
Web giants YouTube, Facebook, Twitter and Microsoft will step up efforts to remove extremist content from their websites by creating a common database. The companies will share ‘hashes' – unique digital fingerprints they automatically assign to videos or photos – of extremist content they have removed from their websites to enable their peers to identify the same content on their platforms.
Read More at Reuters Here
Read More at Yahoo News Here
Read More at The Guardian Here
– Wednesday, December 7th
Dow Sets 12th Record Close as Markets Soar
Big Insider Trades
– Independent Bank Group, Inc. (IBTX) Director Douglas Cifu Sells $2.8m
– The Wendy’s Company (WEN) Director Nelson Peltz Buys $17m