Jan 23, 2017

Canada has serious concerns with Trump's trade policy

Sean Kilpatrick / The Canadian Press via AP

Starting today, Canadian Prime Minister Justin Trudeau is leading a two-day retreat with his Cabinet focused on how to handle Trump's trade policy — particularly his vow to renegotiate NAFTA. Canadians are worried changes could damage their economy. Here are some details on the retreat, via Reuters:

  • Jared Kushner, Trump's son-in-law, will travel to Calgary, Alberta, where the retreat is taking place.
  • Stephen Schwarzman, CEO of investment firm Blackstone Group and leader of a panel of business leaders advising trump, has also been invited to address the retreat on Monday.

Why this matters: The retreat shows that Canada has serious concerns about Trump's trade policy, and Kushner's visit shows the importance placed on it by the Trump administration.

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Coronavirus kills 2 Diamond Princess passengers and South Korea sees first death

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. U.S. numbers include Americans extracted from Princess Cruise ship.

Two elderly Diamond Princess passengers have been killed by the novel coronavirus — the first deaths confirmed among the more than 600 infected aboard the cruise ship. South Korea also announced its first death Thursday.

The big picture: COVID-19 has now killed more than 2,200 people and infected over 75,465 others, mostly in mainland China, where the National Health Commission announced 118 new deaths since Thursday.

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SoftBank to cut its stake to get T-Mobile's Sprint deal done

Illustration: Rebecca Zisser/Axios

T-Mobile and Sprint announced a revised merger agreement that will see SoftBank getting a smaller share of the combined company, while most shareholders will receive the previously agreed upon exchange rate. The companies said they hope to get the deal as early as April 1.

Why it matters: The amended deal reflects the decline in Sprint's business, while leaving most shareholders' stake intact and removing another hurdle to the deal's closure.