Corporate America collided with Washington this week, leaving several clear winners and losers.
- Drug industry relieved by Trump price proposal: "[T]he announcement ... represented a shift and arguably a reversal for Mr. Trump, who ... said he would embrace more far-reaching ideas." (Wall Street Journal)
- AT&T’s top Washington official out over hiring of Trump’s lawyer: "Robert Quinn, a veteran lobbyist and attorney who’d led the office, was forced out and AT&T’s Chief Executive Officer Randall Stephenson ... called the hiring of [Michael] Cohen a 'big mistake.'" (Bloomberg)
- "Michael Cohen ... made an overture to provide consulting services to Ford ... in January 2017 but was quickly rebuffed ... Mueller’s team has ... requested information about the outreach, including emails and records." (WSJ)
- Open Skies: "The United States and United Arab Emirates signed a deal ... to resolve U.S. claims that Gulf carriers have received unfair government subsidies. ... UAE said it agreed to ensure financial transparency." (Reuters)