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The House of Representatives is expected to vote Friday on a bill to repeal chunks of the Affordable Care Act and replace it with the Republican alternative, the American Health Care Act. The vote comes a year and a day after President Barack Obama signed the prior law -- often called Obamacare -- into law. The two bills tackle the same subject, but their path to the House floor has been very different. Here's a side-by-side comparison of how the votes compare. The Affordable Care Act was debate...
GameStop is set to close between at least 150 stores following fourth quarter sales declines in almost all of its segments. The Texas-based company said Thursday that hardware sales declined 29.1%, and new software sales fell by 19.3% for the quarter, CNBC reports. Shares of GameStop then dropped more than 10% in early trading Friday. GameStop said it expects to close 2-3% of its stores, however it will be opening 65 new Technology Brand stores and 35 Collectibles stores, according to USA Today....
U.S. President Donald Trump on Friday touted Charter Communications‘s decision to invest $25 billion in the United States and its previously disclosed plan to hire 20,000 workers over four years. At a White House event with the second-largest U.S. cable company’s Chief Executive Thomas Rutledge and Texas Governor Greg Abbott, Trump praised Charter for planning to close its offshore call centers and move them to the United States. On a number of occasions, Trump has touted job announc...
Greetings and happy Friday, readers. Once again, this is Sy. The Google-funded startup Calico, as with many of the tech-originating firms foraying into the life sciences, has a lofty goal: to tackle the spectrum of “aging-related” diseases, which encompasses everything from Parkinson’s to Alzheimer’s to cancer. While the outfit is notoriously cagey about its work, it’s certainly not shy about striking up partnerships. The latest one came on Thursday afternoon, when ...
A senior member of the U.K. Independence Party (UKIP), which was instrumental in the British vote to leave the EU last year, now says that it’s vital to keep access to Europe’s common market, farm subsidies and cheap migrant labor. Mark Reckless, who chairs the committee for Climate Change, Environment and Rural Affairs in the devolved legislature for Wales, said in a report on the effects of Brexit on the farming industry published Friday, that “we have heard clear evidence th...
Treasury Secretary Steve Mnuchin, an appointee of President Donald Trump, appeared to violate ethics rules on Friday when he recommended that audience members “send your kids to Lego Batman” -- a movie he produced shortly before joining the Trump Administration -- during a broadcasted event with media outlet Axios. Moments before making the remark, he admitted that should not use his political publicity to promote the film. “Well, I’m not allowed to promote anything that ...
On this week’s episode of Broad Strokes, Fortune‘s weekly show on the news that matters to women, editors Kristen Bellstrom and Anne VanderMey discuss the implications of Judge Neil Gorsuch being appointed the next Supreme Court justice, the sexual harassment scandal at period underwear company Thinx, and a new study about female ambition. Subscribe to the Broadsheet, Fortune's daily newsletter on the world's most powerful women. Read more about the Gorsuch hearings here, the Thinx c...
In Hungary, Heineken’s red-star logo may have to go under a proposed bill that would ban branding with symbols of totalitarianism. The legislation was introduced earlier this week by the country’s ruling Fidesz party, led by Prime Minister Viktor Orban, following the result of a recent patent case in neighboring Romania that saw the green-bottle beer producer win out over a competitor with Hungarian ties, the Independent reports. "If the bill goes through it will be forbidden to use ...
A new prank has surfaced that tries to take advantage of Apple’s virtual personal assistant Siri--and could land you in some hot water. For a laugh, some social media users are telling their friends and others to say, “Hey Siri, 108” into their iPhones. While some pranksters say doing so will allow users to quickly start a three-way FaceTime call, it actually activates the iPhone’s emergency response and calls 911. As soon as Siri hears the call for 108, the virtual assis...
Uber CEO Travis Kalanick met with Rev. Jesse Jackson on Thursday to discuss diversity and inclusion. Kalanick said it was a privilege to meet Jackson, adding that he wants to set firm goals for making progress on diversity at Uber. The CEO did not specify as to what those goals may be. “Creating a more diverse and inclusive company is a top priority and it starts with releasing our demographic data, which we will do very soon,” Kalanick said in a statement emailed to Fortune followin...
Paul Manafort, who briefly managed the presidential campaign of Donald Trump last year, has been accused of money laundering by a Ukrainian official and is the focus of a federal probe over his banking in the region, according to the Associated Press. The AP reported that the Financial Crimes Enforcement Network, which was set up after the 9/11 attacks to crack down on the financing terrorism and and incorporated into the Treasury Department soon afterwards, recently asked Cyprus for information...
Contrary to what much of the media would have you believe, not every startup has to be a unicorn, and not every startup needs venture capital funding. A panel of female small business owners spoke about what it’s really like to start and run a small business during an event marking the launch of New York City’s new Contract Financing Loan Fund on Thursday. The new $10 million fund allows minority- and women-owned businesses (M/WBEs) to apply for loans of up to half a million dollars ...
Blackstone agreed to sell its majority stake in SeaWorld for a 33% premium from its most recent close early Friday, sending shares of the beleaguered entertainment company up as much as 9% in trading. Zhonghong Group, a Chinese leisure, real estate, and travel company, is expected to pay $448.5 million for the 21% stake in SeaWorld based on the SEC filings. It may seem like a discount compared to the $2.3 billion Blackstone paid for SeaWorld back in 2009, but the financial giant has been gradual...
Treasury Secretary Steve Mnuchin said Friday that he was “optimistic” the Republican health care bill would pass the House on Friday, and that he and President Donald Trump planned to quickly turn to tax reform as soon as it does. He also said that Trump has quit eating fast food since he moved to the White House. “He’s got perfect genes,” Mnuchin told Axios’ Mike Allen in an interview Friday. “He’s got incredible energy, and he’s unbelievabl...
The staff of Fortune and a panel of experts recently assembled our annual list of the World's Greatest Leaders. Here's a profile of one of them. Visionary, ideologue, risk-taker: None of these shorthand labels quite capture who Elon Musk is. The billionaire entrepreneur is running two companies he cofounded that together employ 35,000 people. His aims are stratospheric. Tesla tsla , the automaker and sustainable-energy company that acquired SolarCity in 201...
Mark Twain referred to golf as “a good walk spoiled,” and if you’ve ever had a bad day on the links, it’s not hard to understand what he was talking about. Sometimes you miss the easy putt. Other times you shank the ball so hard, you need NORAD’s help finding it. But it’s all worth it for those rare perfect shots. One way to get more of those feel-good swings is to play regularly--as in, all the time. Another is to be Tiger Woods. If neither of these is an opt...
Tesla CEO Elon Musk gave investors and customers a glimpse of the hotly anticipated Model 3 via a video on Twitter on Friday. Just don’t blink. The video of a “release candidate version” of the Model 3 is over in six seconds. It could be enough to satiate fans and shareholders --at least temporarily--as pre-production of the Model 3 ramps up. A “release candidate” is a critical step on the road to a production-ready vehicle. This typically indicates an automaker is ...
Nearly 40% of U.S. jobs could soon be given to robots. That’s according to a new report from consultancy firm PwC. Researchers suggested that automated bots could take nearly four in 10 (38%) jobs in the U.S., and take 30% of jobs in the United Kingdom, 35% in Germany, and 21% Japan. While the U.S. and U.K. in particular have similar economies, the wider financial services sector in the States is reportedly more vulnerable to automation. “The jobs of these U.S. retail financial worke...
Kanye West has settled a lawsuit by a Hungarian rock singer who accused the hip-hop star of sampling one of his best-known works without permission for the 2013 song “New Slaves.” The accord resolves claims that 85 seconds, or one-third, of “New Slaves,” which appeared on the No. 1 album Yeezus, was a copy of the plaintiff Gabor Presser’s 1969 song “Gyongyhaju Lany,” which translates roughly as “Pearls in Her Hair.” “I am very glad it i...
The House of Representatives will vote on the GOP’s Obamacare replacement plan on Friday, one day later than initially planned. The bill, officially known as the American Health Care Act, has been a source of controversy since it was unveiled. The most conservative members of the House were opposed due to concerns it didn’t do enough to completely repeal Obamacare. Although President Trump met with several of these members at the White House on Thursday, it is unclear if they will ba...