- Markets: After getting roughed up in September, stocks have entered a fourth quarter that's typically been bullish for equities, with the S&P gaining four out of every five years since WWII. Merck’s announcement on Friday that its antiviral Covid pill lowered the risk of hospitalization or death by 50% dented high-flying vaccine stocks like Moderna, which fell more than 11% on Friday.
- Government: Democrats will try to resolve internal divisions on how to proceed with Biden’s signature economic proposals—a $1 trillion infrastructure bill and a $3.5 trillion spending package. Plus, that debt ceiling deadline is coming up.
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