Here are five things you must know for Monday, Dec. 18:
The Dow Jones Industrial Average, the S&P 500 and the Nasdaq closed at record highs on Friday, Dec. 15, as the GOP hammered out the details of the tax bill, which was released after markets closed.
Republicans in Congress released the tax plan late Friday amid expectations it would gain approval in Congress after Sens. Marco Rubio of Florida and Bob Corker of Tennessee said they would vote to approve the $1.5 legislation.
The CME Group's debut of its 5-to-1 bitcoin futures contract, which is linked to a reference rate taken from a range of cryptocurrency exchanges, appears to have brought some level of convergence to the market, with its front-month product trading at $19,770 against a $19,670 price quoted for the similar week-old contact trading on the Cboe.
Spot bitcoin prices, which denote immediate purchases of the digital currency, were quoted at around $19,215 on the bitstamp trading platform, one of the main exchanges that feeds prices into the CME Group's calculation of its futures contract.
The narrowing differences between prices and markets suggested a slow maturation of a market which has seen an explosion of interest -- not to mention prices -- over the past year, raising both questions about the safety of retail investors piling into to this year's hottest trade and concern of global regulators.
News of the possible deal was first reported by CNBC.
The price of $12 a share values Amplify at a 71% premium to its closing price of $7 on Friday, Dec. 15.
The deal is one of the first big initiatives led by Hershey CEO Michele Buck, who took over earlier this year, CNBC noted.
4. -- In other acquisition news: Humana Inc. (HUM) is reportedly in advanced talks with two private-equity firms in a deal to acquire home-care provider Kindred Healthcare Inc. (KND) , The Wall Street Journal reported.
5. -- "Star Wars: The Last Jedi," the blockbuster from Walt Disney Co. (DIS) , racked up $220 million over the weekend at the North American box office, landing the second-best opening ever and slotting it behind only its predecessor, "The Force Awakens," which was released in 2015, according to studio estimates.
"The Last Jedi" sold $450 million in tickets worldwide.
Updated to include confirmation of Hershey's acquisition of Amplify Snack Brands.
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