Cory Booker strides to the lectern at a June reception honoring hedge-fund founder Bill Ackman. Pershing Square Foundation, Ackman’s philanthropic organization, had pledged more than $25 million since 2007 to help Booker’s poverty-wracked Newark, New Jersey, improve schooling, enhance parks and find jobs for ex-convicts.
Valeant fell 3.5 percent yesterday, the biggest drop in two months and for its eighth consecutive day of declines, during which it has lost 10 percent. The stock now trades below its price on the day Valeant announced its bid for Allergan, which won’t help its cause.
New York is a bellwether that will show whether Republicans keep majority control of the U.S. House in November’s election or if Democrats find a way to take over, said the leader of Democrats’ campaign committee.
The U.S. House today approved the second in a series of bills to limit the president’s authority to regulate business, a move Republicans called necessary for job creation and Democrats labeled a political power grab.