Despite the United States' ongoing trade fight with China, Richard Liu, co-founder and CEO of Chinese online retail giant JD.com, said at Fortune's Brainstorm Tech conference that he's not too worried about the rising tide of tariffs, and will work to provide customers with alternatives along with the pricier U.S. products.
For my company, I can tell you it’ll be OK. Anything we cannot import from the U.S. we can get from Europe, Japan or other countries.
— JD.com CEO Richard Liu
Why it matters: As the Trump administration ramps up its trade war with China via multiple rounds of tariffs, businesses are wondering how far the global trade system that underlies e-commerce will unravel.
The Heritage Foundation's activist partners will spend the bulk of it's $11.5 million budget for the year on getting Judge Brett Kavanaugh confirmed to the Supreme Court, Heritage Action's executive director Tim Chapman tells Axios.
Why it matters: The conservative organization, which is widely influential among Republican voters and has worked closely with the Trump administration, is making Kavanaugh's confirmation its number one issue this year, ahead of the midterm elections. The group's plan is to target key red states to pressure senators to push Kavanaugh through to the bench as fast as possible.
Federal Communications Commission chairman Ajit Pai said Monday he had "serious concerns" about the purchase of Tribune Media-owned TV stations by Sinclair Broadcast Group. He said he was moving to refer the case to an administrative law judge to vet outstanding issues with the deal.
Why it matters: This is a potentially lethal obstacle for a deal that proved controversial because it would increase the reach of the conservative Sinclair network. Pai is a Republican appointee, and the Justice Department has also been looking at the deal.
Apollo Global Management is among several firms to have expressed interest in buying Arconic, the aeronautics parts-maker that was known as Alcoa before a 2016 breakup.
Why it's a big deal: Because Arconic was the subject of a very contentious proxy battle last year with Elliott Management, which resulted in the ouster of CEO Klaus Kleinfeld and a board revamp. But the CEO swap hasn't helped Arconic's stock price, which has fallen 36% so far this year — partially due to a tariff-fueled rise in aluminum prices.
British Prime Minister Theresa May tried to change Trump's mind on Europe during his visit to London late last week. She was on a mission to vividly explain to Trump — using examples that would resonate with him — that Britain helps create, not destroy, American jobs.
Behind the scenes: Before he addressed the black tie dinner at Blenheim Palace on Thursday night, May's team arranged for Trump to have a private audience with more than a dozen leaders of British companies, including BP, that do significant business in America.
Stuck wages for most U.S. workers look like more than a blip in the booming economy, and some mainstream economists say the government may have to step in.
What's going on: Wages fell over the last year for ordinary, non-management workers when accounting for inflation, according to the Bureau of Labor Statistics, further evidence that companies are managing to avoid paying amid one of the tightest labor markets in decades.
After Monday's high-stakes summit between President Trump and Russian President Vladimir Putin, both world leaders will give coveted post-game interviews on Monday to Fox News.
What we're watching: Putin will speak with Fox's Sunday anchor, Chris Wallace (airing Monday), while Trump will sit down with two of his Fox favorites. Sean Hannity gets the first exclusive, airing 9pm EST Monday, and Tucker Carlson's interview airs at 8pm EST Tuesday.
