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The Senate voted 53-47 to block the congressional stock‑trading ban, keeping members able to trade stocks
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- The Senate rejected the “Stop Insider Trading Act” that would have banned members of Congress and their families from trading stocks, with a 53‑47 vote; all 53 Republicans voted yes and all 47 Democrats voted no[42][45][56]
- The blocked bill also included a voter‑ID provision, which Democrats opposed, saying it would restrict voting rights while the stock‑trading ban was removed[42][45][56]
- Supreme Court remarks on large mark‑ups in hospital medicines pressured Indian hospital stocks, with analysts noting pressure on firms like Max, Apollo, Fortis and Yatharth[10][80]
- Domestic equity benchmarks opened lower on Thursday as foreign fund outflows continued, with auto and cement sectors leading the losses[6]
Posts cited
[6] Ommcom News · @ommcomnews ·
Domestic equity benchmarks opened lower on Thursday amid continued foreign fund outflows with auto and cement stocks leading sectoral losses. #OmmcomNews
Open on X[10] Equitymaster · @equitymaster ·
3 Hospital Stocks to Watch After Supreme Court Raises Medicine Pricing Concern India’s hospital stocks came under pressure after the Supreme Court raised concerns over large markups on cancer and other medicines. The Nifty Healthcare index fell 2.5%. Here are 3 hospital stocks investors may want to keep on their radar
Open on X[42] OSZ · @opensourcezone ·
The Senate blocks legislation that would have banned members of Congress from trading stocks Final Vote (60 votes needed): 🟢 Yes: 53 🔴 No: 47 Dem: 🟢 Yes: 0 | 🔴 No: 47 GOP: 🟢 Yes: 53 | 🔴 No: 0
Open on X[45] Jack · @jackunheard ·
Senate Democrats just killed a bill that required photo voter ID and banned members of Congress from trading stocks. The vote was 53-47. Why?
Open on X[56] Bill Melugin · @billmelugin_ ·
BREAKING: Senate Democrats have just blocked a congressional stock trading ban bill that had a voter ID attachment to it requiring photo ID to vote in federal elections. The "Stop Insider Trading Act", which passed the House with the help of 13 Democrats, just failed a procedural vote along party lines in the Senate by a vote of 53 to 47, with every Senate Democrat voting against it. It needed 60 votes to advance. The legislation would ban members of Congress, their spouses, and their dependent children from purchasing new individual stocks, and would required photo ID to vote in federal elections. This was a way for Republicans to get Democrats on record on voter ID before the mid term elections, something that Sen. Majority Leader John Thune (R-SD) said yesterday is "supported broadly by the American people." But Democrats accuse Republicans of tanking an otherwise popular, bipartisan topic (congressional stock trading) by attaching voter ID to it, with Sen. Minority Leader Chuck Schumer saying "All they really want is to score political points before they head home to campaign." Dems also argue the stock bill didn't go far enough, as the President was exempt and it allowed lawmakers to keep and sell their existing stocks.
Open on X[80] ASAN · @asan_research ·
Hospital stocks under pressure after supreme court remarks Max, Apollo, Fortis & Yatharth under heavy pressure after the Supreme Court slammed corporate hospitals over huge margins on in-house pharmacy medicines PTR vs MRP gap. Medicine costing 3k are being sold in 30k in these hospitals in house pharmacies.
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