Writing the summary…
Royal Caribbean nears $3 billion deal to take 50% equity stake in Sandals
Source: CNBC
Original reporting
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CNBC
Trump administration removes around 760,000 Obamacare enrollments, alleging fraud
Vice President JD Vance's White House Task Force to Eliminate Fraud estimates the action will save roughly $2.2 billion in taxpayer-funded subsidies.
CNBC
Cisco stock sinks 5% after Piper Sandler cuts price target on growth concerns
Cisco stock hit a record over the summer, but Piper Sandler analysts expressed concerns that growth is peaking in the industry.
CNBC
U.S. regulators rush to write crypto rulebook after Clarity Act stalls in Senate
State and federal regulators are rushing to fill the void after comprehensive crypto rules failed to clear the Senate.
CNBC
A top chip stock analyst sees big things for Nvidia, Broadcom. How his case aligns with ours
The bullish sentiment comes despite calls to slow down AI model development and rekindled investor enthusiasm for a competing part of the AI chip ecosystem.
BBC Business
Trump says he would back ban on diesel exports
Republicans lawmakers have put pressure on the president to curb exports as diesel prices soar to record highs in the US.
CNBC
Lennar shares pop as Berkshire builds almost a 10% stake in beleaguered homebuilder
The conglomerate built by Warren Buffett and led today by Greg Abel holds a sizable stake in Miami-based homebuilder Lennar.