Fannie Mae & Freddic Mac IPO Weighed, Gilead Sciences Lifts Outlook, Under Armour Sinks on Weak Sales
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Katie Griefeld, Scarlet Fu, Carol Massar and Jess Menton.On this episode of Stock Movers:- The Trump administration is considering selling shares of Fannie Mae (FNMA) and Freddie Mac (FMCC) in an offering that could start as early as this year, according to senior administration officials. The plan could value the government-controlled mortgage giants at some $500 billion or more and would involve selling between 5% and 15% of their stock with an offering…
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