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After months of negotiations and a standoff between progressive and moderate Democrats, the $1T package of road, broadband, and other "hard" infrastructure improvements has passed the U.S. House of Representatives with a 228-to-206 vote. While a signing ceremony wasn't able to come together this weekend, President Biden said one would be scheduled "soon" after he hailed the bill as a “once-in-a-generation investment.  Democrats have yet to bring the larger $1.75T package on social entitlement expansion and climate change initiatives over the finish line. That would be the largest increase in entitlements since the 1960’s.

The S&P 500 has generated returns including dividends of 27 per cent so far this year as the blue-chip index has set record highs on more than 60 trading days.  Last week alone, US markets rallied 2 per cent, the best performance since June. Companies beaten down during the pandemic such as airlines, cruise operators and casinos advanced after Pfizer’s announcement on Friday that its antiviral pill successfully reduced hospitalization rates stemming from Covid-19 by 90 per cent

Tesla shares were under pressure on Monday after millions of Twitter users polled by chief executive Elon Musk concluded that he should sell 10 per cent of his stake in the electric carmaker. The 24-hour poll, which was conducted over the weekend, is the latest stunt by Musk to delight fans but risk controversy.

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