U.S. and Chinese negotiators are working on a framework to end the trade dispute between the two countries, which would revolve around talks between President Trump and Chinese President Xi Jinping when they meet for international summits in November, the Wall Street Journal reports, citing officials from both countries.
The big picture: The Journal says both the U.S. and China have scheduled "midlevel talks" in Washington for next week. But as Axios' Erica Pandey notes, trade talks between the two countries have failed in the past, so there's no guarantee that the next round of discussions will bring an end to the escalating dispute. Nonetheless, both sides have incentives to find a way out, as businesses and consumers continue to feel the brunt of the tariffs.
Inspire Brands, the Roark Capital-backed owner of Arby's and Buffalo Wild Wings, has purchased a 12.3% ownership stake in itself from Wendy's (Nasdaq: WEN) for $450 million.
Why it's the BFD: Because Roark wants to take Inspire Brands public, as we reported when first disclosing its existence late last year, and this strengthens its position.
President Trump tweeted Friday that he is asking the SEC to study its quarterly financial reporting requirements for companies, suggesting that a twice-per-year requirement might encourage job growth.
"In speaking with some of the world’s top business leaders I asked what it is that would make business (jobs) even better in the U.S. 'Stop quarterly reporting & go to a six month system,' said one. That would allow greater flexibility & save money. I have asked the SEC to study!"
Correction: An earlier version of this story incorrectly stated that President Trump asked the SEC to consider ending quarterly jobs reports. It has been updated to reflect that he asked the SEC to study whetherits quarterly financial reporting requirements for companies should only be twice a year.
