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Stock Market Hits Record High On Fed Chief Powell; Cisco Buys Acacia, Delta Earnings Top, Cigna Flies On Rebate Rule Reversal: Weekly Review

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Stock Market Hits Record High On Fed Chief Powell; Cisco Buys Acacia, Delta Earnings Top, Cigna Flies On Rebate Rule Reversal: Weekly Review

The stock market hit highs this week as Fed chief Jerome Powell signaled a July 31 Fed rate cut. Cisco will buy Acacia, Delta earnings beat, Cigna soared on a drug rebate rule reversal.