Stocks sharply lower … Trump: ‘minor dispute’ with France … HIV drugs
NEW YORK (AP) – Stocks are sharply lower on Wall Street this morning after President Trump indicated he was in no hurry to make a trade deal with China. Technology stocks and banks led the declines. Tech stocks are particularly vulnerable to swings in trade talks because they do so much business in China. Apple sank. Trump said he had “no deadline” for making a deal, suggesting there may not be an agreement this year, as previously hoped. Bond prices rose, sending yields lower.
PARIS (AP) – President Donald Trump is acknowledging what he describes as a “minor dispute” over a French digital service tax and U.S. threats to slap new tariffs on French cheese, wine and other products. Trump says he thinks the two nations will be able to resolve the trade dispute, possibly through some “mutually beneficial tax.” He spoke Tuesday to French President Emmanuel Macron on the sidelines of the NATO summit in London.
WASHINGTON (AP) – The government has launched a program to provide a daily HIV prevention drug for free to people who need the protection but have no insurance to pay for it. It’s part of the Trump administration’s goal of ending the HIV epidemic in the U.S. by 2030. California-based drugmaker Gilead Sciences is donating HIV prevention medicines. There are 38,000 new HIV infections in the U.S. annually.
SAN FRANCISCO (AP) – Four workers fired from Google last week are planning to file a federal labor complaint against the company. They claim it unfairly retaliated against them for organizing workers around social causes. The four former employees say they are preparing to file unfair labor practice charges with the National Labor Relations Board this week.
DATELINE (AP) – Broadcast radio streaming company iHeartMedia has announced it will be establishing a second headquarters in Nashville. The New York-based company said in its statement Monday that the city’s rich music culture, “eccentric vibe,” lower cost of living and university presence were among factors attracting it to the area. Executives also cited Nashville’s growing technology sector and digital talent as a main draw for the new site, which will house the company’s digital product team.