As news about a possible truce between the U.S. and China in the trade war flowed last week the U.S. market was remarkably unshaken.
Why it matters: That's because investors aren't concerned about President Trump taking a hard line on a deal with China — one that would involve major reforms to their economy and the way the Asian nation does business.
Hollywood was stunned Thursday by the simultaneous announcements that Richard Plepler and David Levy, the respective heads of HBO and Turner, had "decided to move on" from their plum roles at the top of the WarnerMedia empire. Talk of imminent "massive layoffs" inevitably followed.
The big picture: Plepler ran HBO as a very lucrative high-end operation, bringing in profit of about $2 billion per year as well as some 160 Emmys and an Axios show. He also made it clear that he needed little if any help from his parent company, and that he valued his independence.
