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In the world of finance, companies tend to work against each other rather than together. But that’s exactly what rivals Visa and PayPal are doing. Given that the two companies have such different models, does it really make sense to start merging practices and creating more competition? What can traders expect from this deal? Is Visa getting the short end of the stick?
Read The Capitalist’s Take Here
Read More at Financial Times Here
Read More at The Street Here
GOP HEALTH CARE OVERHAUL COLLAPSES AS TWO REPUBLICAN SENATORS DEFECT
Two more Republican senators declared on Monday night that they would oppose the Senate Republican bill to repeal the Affordable Care Act, killing, for now, a seven-year-old promise to overturn President Barack Obama’s signature domestic achievement.
The announcement by the senators, Mike Lee of Utah and Jerry Moran of Kansas, left their leaders at least two votes short of the number needed to begin debate on their bill to dismantle the health law. Two other Republican senators, Rand Paul of Kentucky and Susan Collins of Maine, had already said they would not support a procedural step to begin debate.
Read More at NY Times Here
Read More at Wall Street Journal Here
Read More at USA Today Here
CHIPOTLE BACK IN THE NEWS WITH YET ANOTHER FOODBORNE ILLNESS RELATED STORE CLOSURE
Chipotle confirmed on Tuesday that it received multiple reports of customers getting sick after eating at a location in Sterling, Virginia, and that it closed the restaurant on Monday to conduct “a complete sanitization.”
Chipotle stocks took a plunge after the complaints surfaced, with shares dropping more than 5 percent in less than an hour. The chain's head of food safety, Jim Marsden, said in a statement to NBC News that the symptoms customers reported were consistent with norovirus, a highly contagious virus stemming from contaminated food.
Read More at NBC News Here
Read More at Washington Post Here
Read More at USA Today Here
Closing Bell
– Tuesday, July 18th
Markets See Mixed Change Following Health Care Bill Failure
Big Insider Trades
– Black Knight Financial Services, Inc. (BKFS) CEO Thomas Sanzone Sells $1.25m
– Mastech Digital, Inc. (MHH) Director Ashok Trivedi Buys $3m
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