H&R Block and Intuit drop on a report that Elon Musk's DOGE may develop a new tax-filing app

By CBS News | Nov 19, 2024 at 04:57 PM EST

Shares of H&R Block and Intuit fell as news emerged about Trump's administration considering a free tax-filing app. The companies, known for their tax services, faced stock declines amid potential competition from this new initiative led by Elon Musk and Vivek Ramaswamy.

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