Jan 25, 2017

Big in Business: Mexico battens down the hatches

It's NAFTA time

Mexican officials are meeting with the Trump administration today and Thursday. Mexican economy secretary Ildefonso Guajardo threatened yesterday to walk away from NAFTA renegotiations if he can't get a good deal for Mexico.

But... 3M CEO Inge Thulin said on Tuesday that his company is sticking with its plans to invest in Mexico, because the firm wants to locate production close to its customers. Returns on investment are higher in faster-growing, developing economies—a reality the president can't easily ignore.

The dark side of crowdsourcing

The New York Times reports on a recent deregulation effort to allow new companies to access crowdsourced investing. The new rules have encouraged shady practices like firms marketing their securities without having their financial statements audited. Don't expect Washington to tighten regulations, or give more resources to regulators, any time soon. A side effect of this stance may be emboldened scammers ready to take advantage of the latest fundraising vehicle.

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Updated 2 hours ago - Politics & Policy

In photos: Protesters clash with police nationwide over George Floyd

Police officers grapple with protesters in Atlanta. Photo: Elijah Nouvelage/Getty Images

Police used tear gas, rubber bullets and pepper spray as the protests sparked by the killing of George Floyd spread nationwide on Friday evening.

The big picture: Police responded in force in cities ranging from Atlanta to Des Moines, Houston to Detroit, Milwaukee to D.C. and Denver to Louisville. In Los Angeles, police declared a stretch of downtown off limits, with Oakland issuing a similar warning.

Updated 3 hours ago - Politics & Policy

Supreme Court sides with California on coronavirus worship service rules

The Supreme Court has ruled 5-4, with Chief Justice John Roberts joining the court's liberal justices, to reject a challenge to California's pandemic restrictions on worship services.

Why it matters: This is a setback for those seeking to speed the reopening of houses of worship, including President Trump.

Updated 5 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 p.m. ET: 5,923,432— Total deaths: 364,836 — Total recoveries — 2,493,434Map.
  2. U.S.: Total confirmed cases as of 10 p.m. ET: 1,745,930 — Total deaths: 102,808 — Total recoveries: 406,446 — Total tested: 16,099,515Map.
  3. Public health: Hydroxychloroquine prescription fills exploded in March —How the U.S. might distribute a vaccine.
  4. 2020: North Carolina asks RNC if convention will honor Trump's wish for no masks or social distancing.
  5. Business: Fed chair Powell says coronavirus is "great increaser" of income inequality.
  6. 1 sports thing: NCAA outlines plan to get athletes back to campus.