A loss of trust in traditional leaders, like government officials and journalists, is pushing people to develop more trusted relationships at work and with their employers, according to Edelman's 2019 Trust Barometer survey.
Why it matters: This crucial shift in the employee-employer relationship creates new opportunities for CEOs and corporate executives to rebuild societal trust, but it also puts an enormous responsibility on them to address complicated issues, from civic inequality to gun control.
China’s full-year economic growth in 2018 came in at 6.6% — slower than the 6.8% rate in 2017 — marking the slowest pace since 1990, as forecast by economists. Growth in the final quarter of the year rose to 6.4%, compared to the 6.5% in the prior quarter.
Why it matters: Tariffs have taken a toll on the Chinese economy, but there were signs of a slowdown before the U.S.-China trade war began, as the government cracked down on high debt levels. The weak GDP number solidifies clues we’ve seen in recent months, including weak factory activity and trade data, plus a rare warning from Apple CEO Tim Cook. Still, per the retail sales report released on Sunday that topped expectations, the Chinese consumer is still holding up for now.
BuzzFeed News reporter Anthony Cormier and editor-in-chief Ben Smith said several times on CNN Brian Stelter's "Reliable Sources" that they are confident in their reporting despite the challenge from special counsel Robert Mueller's office that claimed the story was inaccurate.
Why it matters: Because of the rare comments from special counsel spokesperson Peter Carr, lawmakers and reporters both scaled down the hype of whether BuzzFeed's story is a smoking gun.
Walmart pharmacies will stay in the network of CVS Health's pharmacy benefit manager after the two sides agreed to a new pricing contract.
The big picture:So much for that spat. However, the Wall Street Journal reported Walmart "didn't ask CVS to increase the amount it pays when shoppers fill a prescription," and instead asked to "maintain rates at current levels." That detail fits with a new Columbus Dispatch story, which showed the CVS pharmacy benefit manager paid Walmart stores 46% less for some drugs than CVS' own pharmacies.
For all his media bashing,President Trump sees the White House as the greatest show on Earth and obsesses over the staging — micromanaging his own lighting and constantly consuming the coverage of himself as if it were sports highlights.
Why it matters: We learnin a forthcoming book by campaign confidant Cliff Sims ("Team of Vipers," out Jan. 29) that this fixation extends to the chyrons — the all-caps text at the bottom of the screen.
