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Wynn stock sinks on sexual assault allegations

Dan Primack, author of Pro Rata

Wynn Resorts stock fell more than 10% on Friday, following The Wall Street Journal's publication of sexual harassment and assault allegations against founder and CEO Steve Wynn.

Expand chart
Data: Money.net; Chart: Axios Visuals
  • The billionaire casino mogul has denied the allegations, calling them "preposterous.”
  • Wynn has no current plans to step down as finance chairman for the Republican National Committee, per a spokesperson's comments to The Washington Post.
  • The Massachusetts Gaming Commission has opened a review of Wynn Resorts following the allegations. Wynn is in the midst of building a multi-billion dollar casino resort just outside of Boston.
  • The stock decline shaved more than $1.5 billion off the Las Vegas-based company's market cap.

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Illustration: Aïda Amer/Axios

Fear of never being able to pay off school loans is keeping many young Latinos in the U.S. from going to college or completing a degree, according to a report published in September.

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Scoop: Biden administration objects to Israeli settlements plan

Israeli PM Naftali Bennett (L) meets with Secretary of State Tony Blinken. Photo: Olivier Douliery/Pool/AFP via Getty

The Biden administration has privately protested to the Israeli government over its plan to approve the planning and construction of more than 3,000 new housing units in the Israeli settlements in the occupied West Bank, sources briefed on the issue tell me.

Why it matters: The approvals for new homes in the settlements will be the first since President Biden assumed office, and come after Biden and his top aides personally pressed Israeli Prime Minister Naftali Bennett to restrain settlement activity and decrease the number of new housing units.

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Zachary Basu
2 hours ago - World

Pentagon warns of ISIS-K capabilities outside Afghanistan

The site of an airstrike conducted by the U.S. against a planner for ISIS-K in Nangarhar province, Afghanistan in August. Photo: Xinhua via Getty Images

U.S. intelligence believes ISIS-K has the "intent" to eventually launch attacks outside of Afghanistan and could be capable of doing so "somewhere between six or 12 months," a top Pentagon official told senators Tuesday.

Why it matters: The U.S. withdrawal and subsequent Taliban takeover of Afghanistan has raised fears that terrorist groups will reconstitute and potentially pose a renewed threat to the U.S. homeland.

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