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It’s time for Yahoo! Finance’s market minute. Stocks hovering near the flat line as investors assess the narrow vote from the House to approve President Trump’s tax bill. Bitcoin extending its gains and reaching a new record high. The cryptocurrency rising above the $111,000 mark. The new record comes amid rising bond yields, investors seeking alternative assets as the appetite for US debt wanes. Over-the-counter shares of Fannie Mae and Freddie Mac surging in today’s trade. President Trump marking, making remarks that he is considering bringing the two companies public. That would be a big change after more than a decade of the companies being under government conservatorship due to the 2008 financial crisis. And Novo Nordisk is offering a one-month reduction in the price of its weight loss GLP-1 drug. The one-time offer aimed at encouraging new patients to use the branded drug. This comes at a time that compounded copycats of the drug are forced off the market. And that’s your Yahoo! Finance market minute. For more on what’s trending on Yahoo! Finance, scan the QR code below.
