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A new version of the Senate health bill, the Better Care Reconciliation Act of 2017, has been released that now has penalties for the uninsured. Insurers can impose a six-month waiting period on those who cannot demonstrate 12 months of “continuous creditable coverage.” The bill could be voted on by the Senate as early as this week.

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A new version of the Senate health bill, the Better Care Reconciliation Act of 2017, has been released that now has penalties for the uninsured. Insurers can impose a six-month waiting period on those who cannot demonstrate 12 months of “continuous creditable coverage.” The bill could be voted on by the Senate as early as this week.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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Buffalo Wild Wings Inc. said Monday that it is rolling out its loyalty program, Blazin’ Rewards, nationwide. The restaurant chain launched an initial pilot in late 2015 and expanded it last summer. It has accumulated more than two million members across the U.S. Members earn points for eligible purchases of $10 or more, checking into restaurants, through email offers, and other methods. Buffalo Wild Wings recently announced that it’s piloting B-Dubs Express, a restaurant format focused on takeout and delivery. Buffalo Wild Wings shares are down 17.2% for the year to date while the S&P 500 index is up 9% for the period.

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Shares of Avis Budget Group Inc. ran up 8.6% in morning trade Monday, after the car rental company announced a deal with Alphabet Inc.’s Waymo to provide support and maintenance services for Waymo’s self-driving car program. As part of the deal, Avis will enhance some of its rental facilities to offer services and secure parking for Waymo’s autonomous vehicle fleet and for its early rider program. The services Avis will offer include cleaning, oil changes, tire rotations, checking and installation of automotive parts and other necessary support and maintenance. “Not only does this partnership enable us to leverage our current capabilities and assets, but it also allows us to accelerate our knowledge and hands-on experience in an emerging area as Waymo-enabled self-driving cars become available in the marketplace,” said Avis Chief Executive Larry De Shon. The deal also helped lift shares of rival rental car company Hertz Global Holdings Inc. up 7.3% in morning trade Monday. Despite Monday’s rally, Avis’s stock has still dropped tumbled 28% year to date, Hertz shares have plunged 52% and the S&P 500 has gained 9%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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Shares of Pandora Media Inc. rallied 3% in morning trade Monday, putting them on track for a fifth-straight gain, after a report that Co-founder and Chief Executive Tim Westergren planned to step down. Since Westergren became CEO on March 28, 2016 through Friday, the stock had declined 11% while the S&P 500 has soared 20%. Separately, Pandora was upgraded to sector weight from underweight, as reduced expectations of a merger and the likelihood of increased focus on stabilizing cash flow reduces downside risk. The stock’s current win streak, which would be the longest since the six-day streak ending Sept. 23, 2016, started after it closed at a record low of $6.91 on June 19. A week before that low, the music streaming service said it secured a $480 million investment from Sirius HX Holdings Inc. , which suggested a buyout was less likely.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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Shares of Arconic dropped 6% in early trade after The New York Times reported the company produced the sandwich of aluminum sheets and polyethylene for Grenfell Tower , which burned and killed at least 79 people. Arconic made panels, or cladding, called Reynobond PE. According to the report, Arconic marketed the material differently in the U.K. than in the rest of Europe, where sales materials explicitly instructed that the flammable material could not be used. In the U.K., the marketing said such use depends on local building codes, the report said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News