IYT

Senior U.S. officials are debating whether to bar investments in Alibaba Group Holding Ltd. and Tencent Holdings Ltd., according to people with knowledge of the talks, potentially expanding a Wall Street blacklist that’s already cost shareholders billions of dollars.

The biggest sports betting exchange-traded fund rallied as New York Governor Andrew Cuomo announced that he will support legalizing these wagers to help fill the state’s nearly $16 billion budget deficit.

JPMorgan Chase & Co. and other large U.S. banks climbed in early Wednesday trading, along with shares of solar, clean-energy and cannabis companies, after the Democrats closed in on control of the U.S. Senate.

While the relentless spread of the coronavirus drove the equity market lower on Monday, there were also signs investors are preparing for a greater possibility that Democrats will gain control of the U.S. Senate.