Walmart, which first banned assault weapon sales and now vaping products, is providing a template of how CEOs can move beyond a monomaniacal focus on profits.
Why it matters: It’s one thing to sign an unenforceable pledge to think more about employees and society, like most members of the Business Roundtable did. It’s another to take specific action while politicians dither.
President Trump and Indian Prime Minister Narendra Modi are rushing to finalize trade deal terms ahead of the United Nations General Assembly at the end of the month, reports Reuters.
Why it matters: "A deal between the world's most populous democracies would be a welcome victory for Trump" as a trade war with China rages on, writes Reuters. Modi and Trump have been using tariffs in an attempt to "boost investment in manufacturing" in both countries.
Shawn McCreesh spoke with entertainment execs and journalists who describe Hope Hicks, now Fox Corp. EVP and chief communications officer, "much the way the Washington press corps does: delightful and delightfully competent, for Graydon Carter's weekend newsletter Airmail.
"A year ago Hicks was at the white-hot center of the Free World, fielding calls from the New York Times and patching through heads of state. Now excitement comes in the form of tours of Century City back lots. Though not always. Familiars say she self-deprecatingly describes pariah status with certain Hollywood stars this way: 'No one on the cast of Modern Family wants to see me.'"
Pennsylvania and Wisconsin lost thousands of manufacturing jobs over the past 12 months, despite President Trump's claims that "assembly lines are 'roaring,'" Bloomberg reports, citing new regional data from the Labor Department.
Between the lines: Trump's "pledges to reignite the [manufacturing] sector are a cornerstone of his economic message," writes Bloomberg. The swing states were helpful to Trump's 2016 victory, and will be important in his run for a second term in 2020.
