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Speaker Nancy Pelosi said she’s asked the House Rules Committee to hold a hearing tomorrow on President Joe Biden’s economic agenda, but Democrats are still debating the tax provisions they’ll include to pay for it. One top lawmaker said that a proposed tax on billionaires’ unrealized gains has been pulled amid opposition from a key…
Former President Donald Trump’s net worth has dropped by $700 million, according to a lengthy new Bloomberg report on his finances. Trump’s net worth dropped from $3 billion to $2.3 billion since he became president, according to the Bloomberg Billionaires Index, as the pandemic hit his company and the Capitol attack wounded his brand. “His financial disclosures and loan documents, interviews with former executives and industry analysts, and a host of legal fights and investigations reveal just how much trouble Trump and his company could face,” wrote Bloomberg’s Sophie Alexander...
Insurers Overwhelmed by Demand for D&O Coverage for Blank Check Companies By Katherine Chiglinsky and Jenny Surane | February 10, 2021 The SPAC boom is overwhelming a key player in the creation of a blank-check companies: insurers. Firms selling directors-and-officers liability policies for special purpose acquisition companies have been flooded by the listings that surged last year. That’s caused insurers to ratchet up their prices and seek ways to control their exposure to SPACs — moves that are making it harder for blank-check firms to get started. ...
The SPAC boom is overwhelming a key player in the creation of a blank-check companies: insurers. Firms selling directors-and-officers liability policies
Firms face mounting pressure to respond to last week’s violence at the Capitol.