Investors have driven up stocks across the board on expectations for President Donald Trump’s proposed tax cuts. Few companies’ share prices have been more dependent on tax expectations than Yahoo’s. The internet company expects to close a $4.5 billion deal to sell its core business to Verizon Communications in June. The remaining company, to be called Altaba, will consist of Yahoo’s stakes in Alibaba Group Holding and Yahoo Japan...

Source: Wall Street Journal May 01, 2017 16:52 UTC