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The stunning defeat of U.S. House Majority Leader Eric Cantor in the Republican primary means Wall Street has one less influential friend in Washington.
The stunning defeat of U.S. House Majority Leader Eric Cantor in the Republican primary means Wall Street has one less influential friend in Washington.
(LARRY DOWNING/REUTERS)

Cantor’s shock U.S. primary loss may unseat corporate agenda

The U.S. election shocker on Tuesday may unseat the corporate agenda. House Majority Leader Eric Cantor’s primary loss to libertarian economist David Brat exemplifies the Republican divide. It also means one fewer friend in Washington for Wall Street. And the result makes it even harder to imagine movement on immigration, tax reform and other fiscal matters.