Latest Hedge fund management News

Dems change some tax provisions as they ready economic bill

Aug. 06, 2022 02:58 AM EDT

WASHINGTON (AP) — Democrats pared part of their proposed minimum tax on huge corporations and made other changes in their giant economic bill, Senate Majority Leader Chuck Schumer said Friday, as they drove toward delivering a campaign-season victory to President Joe Biden on his domestic agenda....

Sinema gives her nod, and influence, to Democrats' big bill

Aug. 05, 2022 15:49 PM EDT

WASHINGTON (AP) — Sen. Joe Manchin sealed the deal reviving President Joe Biden’s big economic, health care and climate bill. But it was another Democratic senator, Kyrsten Sinema of Arizona, who intently, quietly and deliberately shaped the final product. Democrats pushed ahead...

Court battles go down to count deadline in Pa. Senate race

May. 24, 2022 17:57 PM EDT

HARRISBURG, Pa. (AP) — Former hedge fund CEO David McCormick went to Pennsylvania's highest court Tuesday in an eleventh-hour bid to help him close the gap in votes with celebrity heart surgeon Dr. Mehmet Oz in Pennsylvania's neck-and-neck Republican primary contest for U.S. Senate. ...

Pa. Senate GOP primary too close to call, recount likely

May. 20, 2022 20:55 PM EDT

HARRISBURG, Pa. (AP) — Pennsylvania’s Republican primary for an open U.S. Senate seat is too close to call and is likely headed for a statewide recount to decide the winner of the contest between heart surgeon-turned-TV celebrity Dr. Mehmet Oz and former hedge fund CEO David McCormick. ...

Ruling in securities case could mean limits on regulators

May. 20, 2022 16:18 PM EDT

NEW ORLEANS (AP) — A divided federal appeals court panel in New Orleans has vacated stiff financial penalties imposed on a hedge fund manager by the Securities and Exchange Commission, ruling that he was unconstitutionally denied a jury trial by the agency. This week's 2-1 ruling...

'Pharma Bro' Shkreli freed from prison for halfway house

May. 18, 2022 15:19 PM EDT

NEW YORK (AP) — Convicted pharmaceutical executive Martin Shkreli was freed Wednesday from prison after serving much of a seven-year prison sentence for lying to hedge fund investors and cheating investors in a drug company. His attorney, Ben Brafman, said Shkreli, 39, was released...

Tight Pennsylvania GOP Senate race; Mastriano wins gov nod

May. 18, 2022 07:30 AM EDT

HARRISBURG, Pa. (AP) — Donald Trump's preferred candidate in Pennsylvania's Senate Republican primary was essentially tied with a more traditional rival, while his pick for governor notched a commanding victory Tuesday as the former president worked to expand his hold on the GOP. ...