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Pelosi, Mnuchin fail to reach COVID-19 deal, but talks go on amid Republican doubts
U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed on Friday to reach agreement on a COVID-19 stimulus package, while the top Senate Republican voiced doubt that Congress would act before the Nov. 3 election.
Mnuchin floated a new proposal in a 30-minute Friday afternoon phone conversation, but Pelosi aide Drew Hamill said it lacked a broad plan to contain the pandemic. Talks will continue, he said. “We are still awaiting language from the administration as negotiations on the overall funding amount continue,” Hamill said on Twitter.
It was the third straight day of talks between Pelosi and Mnuchin this week. Optimism over a possible agreement raised U.S. stock prices and set the stage for the second straight weekly market gain on Wall Street. But Senate Majority Leader Mitch McConnell, the top Republican in Congress, said he doubted lawmakers would pass a package before the Nov. 3 presidential election, though he has not directly participated in the talks. “The proximity to the election and the differences of opinion over what is needed at this particular juncture are pretty vast,” McConnell told a news conference in his home state of Kentucky.
https://www.reuters.com/article/us-health-coronavirus-usa-congress/pelosi-mnuchin-fail-to-reach-covid-19-deal-but-talks-go-on-amid-republican-doubts-idUSKBN26U1RM
Pinterest, Inc. Chair, CEO and co-founder sold: $13.71m Oct 6,7,8
Pinterest, Inc. is a visual discovery engine. The Company operates a visual discovery platform, where users can create and manage theme-based image collections and share inspirations for their lives. Its visual discovery platform acts like a virtual Pinboard, where people uses pins to share their weddings, home decorating ideas, travel destinations, save images and videos on Web and organize their favorite recipes. Its offered platform is also integrated with image recognition technology, which allows users to take pictures through their smartphones and provides related information and ideas to the object. It offers online marketing services to brands, which allows brands to connect with people on the basis of their shared tastes and interests. It offered Pins include Recipe Pins, Video Pins, Product Pins and Shop the Look. Number of employees : 2 217 people.
https://www.marketscreener.com/quote/stock/PINTEREST-INC-57086058/company/
Prior to Pinterest (which launched in March 2010), Silbermann worked at Google in the online advertising group. However, after a short time with the company he left and started designing his own iPhone apps with a college friend, Paul Sciarra. After their initial application, Tote, failed to gain significant traction, the cofounders teamed up with Evan Sharp to create a pinboard product that would eventually be named Pinterest.[6] Silbermann says that the genesis of Pinterest really came from his love of collecting as a kid. "Collecting tells a lot about who you are," he said, and when they looked at the web "there wasn't a place to share that side of who you were." A little over nine years after starting Pinterest, the company held its IPO in April 2019 which valued the company around 12 billion dollars beating expectations.
https://en.wikipedia.org/wiki/Ben_Silbermann
https://www.finviz.com/insidertrading.ashx?oc=1773914&tc=7&b=2
>>11001092 Q drop____TOTAL U.S. DEATHS [ALL CAUSES]: