Tax Reform Uncertain, Net Neutrality Repealed

  • NET NEUTRALITY IS DEAD: On Thursday, the Federal Communications Commission voted to roll back net neutrality rules, per The New York Times. The implications are uncertain, but in a truly dystopian world, we could have to pay for all sorts of information online. 
  • UNCERTAINTY IN CONGRESS: Also on Thursday, Sen. Marco Rubio, (R-Fla.), said he would vote "no" on the latest version of the tax reform bill unless a tax credit for the working poor was included, the Washington Post reported. 
  • CRYSTAL BROS: According to the New York Post, Wall Street bros are really into healing crystals. 
  • FOX AND MOUSE GAME: In M&A news, the Walt Disney Co. announced that it will buy some assets from 21st Century Fox Inc. for $52.4 billion in stock and $13.7 in debt, Reuters reported. 
  • GENERIC DRUGS: Teva Pharmaceuticals, one of the largest manufacturers of generic drugs, laid off 14,000 employees worldwide, closing factories and research facilities, the Wall Street Journal is reporting. The company's share price was up roughly 11% midday Thursday as a result. 
  • POOR MILLENNIALS: This HuffPost discussion of millennial poverty is a fantastic long read for your Friday. 
  • GAY ON WALL STREET: Not into millennials? Check out Institutional Investor'sexpose on what it's like to be LGBTQ on Wall Street in 2017. 

- Alicia McElhaney / She Spends Issue #33

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