LAS VEGAS (AP) — Las Vegas Sands chairman Sheldon Adelson will take a medical leave after recently resuming cancer treatments, the company announced in a statement on Thursday.
Adelson's leave of absence will be effective immediately, the company said. President and COO Robert G. Goldstein will take the post of acting CEO and chairman.
Adelson first announced that he was being treated for non-Hodgkin’s lymphoma back in 2019.
The company owns the Venetian and Palazzo hotel and casinos on the Las Vegas Strip.
Adelson is a Republican megadonor who recently gave $75 million to a super PAC that attacked President-elect Joe Biden in the leadup to last November's election. Adelson also owns the largest circulating newspaper in the Nevada, the Las Vegas Review-Journal.
7 Stocks to Sell Before the New Year
We’re officially in the holiday season, which means it’s time to get our portfolios set for the new year. And for many investors, 2021 can’t get here fast enough. Don’t get me wrong. Overall, being invested in stocks has been a wise move. But it hasn’t been without its ups and downs. For investors to profit in this market, they have had to have conviction.
But having conviction also means knowing when it’s time to sell. One of the hardest things to do in life, as well as in investing, is to let go of an idea that simply isn’t working. There are a lot of story stocks out there. And while those stories may turn out to be more than fairy tales, in the long run, it doesn’t mean you have to pay tomorrow’s prices today.
Or, it could simply be a good time to take some profits. A new administration in Washington D.C. will bring a different, and most likely less favorable, tax policy regarding capital gains. It may be advantageous to take some of your gains now.
Whatever your motivation may be, we’ve put together a list of seven stocks that you should consider selling before the new year.
View the "7 Stocks to Sell Before the New Year".