On Monday, Colonial Pipeline, the largest pipeline in the country, suffered its second shutdown in as many months. With 13 states relying on the pipeline for gas, diesel, and jet fuel, just how damaging can a shutdown be? Should we be worried about the price of oil?
Read The Capitalist’s Take Here
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IN WAKE OF MASSIVE DEBT, VALEANT TO SELL FLAGSHIP DRUG FOR $10 BILLION
Valeant Pharmaceuticals is considering selling its stomach-drug unit to Takeda Pharmaceuticals. U.S.-listed shares of Valeant soared as much as 36 percent after the news, but ended the day slightly below their intraday high. The stock ended the day up more than 33 percent, closing at $23.86 a share..
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BROCADE SPIKES AFTER REPORT OF POSSIBLE ACQUISITION BY BROADCOM
Chipmaker Broadcom is nearing a deal to acquire network gear maker Brocade Communications Systems in a deal that could be announced later this week, people familiar with the matter said on Tuesday.Shares of Brocade were up more than 7 percent, following news of the deal….
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Closing Bell
-Tuesday, November 1st
Stocks Close Lower as Elections, Fed MeetingLoom
Big Insider Trades
– Salesforce.com, Inc. (CRM) CEO Marc Benioff Sells $1.9m
– Medley Capital Corp. (MCC) CEO Brook Taube Buys $1m
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