Today the U.S. Senate looks to Break Filibuster concerning the Gun Reform Bill and send it to the House
Uniic Media Newsletter - Thursday - June 23, 2022
Volkswagen's CFO says the Company is still Pursuing a Porsche IPO
At the Future of Finance Summit in Frankfurt, Bloomberg reported that Volkswagen CFO Arno Antlitz said an IPO of Porsche was on track for the fourth quarter of this year.
Antlitz noted the Porsche sports car and SUV business has been resilient over the years, even as external factors like the global pandemic and supply chain shortages hit the industry. This has made a demand for a piece of Porsche ownership somewhat desirable for investors.
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Polio Virus Detected in London Sewage Samples
The virus that causes polio has been detected in a concerning number of sewage samples in London, health officials have said.
The disease was common in the UK in the 1950s but was eliminated by 2003.
The UK Health Security Agency (UKHSA) says it was probably imported to London by someone who was recently vaccinated overseas with a live form of the virus.
It says the risk is low, but parents should ensure their children have been fully immunized against the disease.
JPMorgan Fires Hundreds Of Mortgage Bankers As Housing Market Breaks
Late last week we were warned that according to real-time indicators, such as soaring mortgage rates and collapsing demand, a housing market crash appeared inevitable. JPMorgan yesterday gave some confirmation to the warnings as the bank announced it was cutting over a thousand home-lending employees and reassigning hundreds more after soaring interest rates dried up mortgage demand.
U.S. Senate Passes First Procedural Vote on Bipartisan Gun Safety bill 64-34
The U.S. Senate took the first procedural step in passing the bipartisan gun safety bill yesterday when it voted 64-34 in favor of advancing the legislation. However, there are still a few steps that remain in passing the bill.
The Senate first needs to take a second procedural vote to wrap up the debate on the bill, which is expected to happen today. If the second procedural vote gains 60 or more yeas, the filibuster will break and the Senate can then vote on the final passage of the bill and send it to the House for its vote. Proponents of the bill hope that Congress will pass the bill before the body recesses for the July 4 holiday.