Financial Daily Dose 10.10.2019 | Top Story: US/China Trade Talks Resume Even as Tensions Grow

Robins Kaplan LLP

Robins Kaplan LLP

Senior negotiators from the U.S. and China will officially resume trade negotiations today, “with higher tariffs looming if [they] fail to break a five-month stalemate.” The U.S.’s moves this week to blacklist 28 Chinese tech companies and suspend some visas over China’s treatment of Muslim minorities is only complicating the high-stakes talks. New discussion of a currency pact will be interesting to watch as well – WSJ and Bloomberg

All the latest from September’s Fed meeting minutes, including concerns among policymakers that “weaker business activity and investments could lead to slower hiring and consumer spending” and a better look at the sides on the decision to cut rates – NYTimes and WSJ and Bloomberg and MarketWatch

After a rough week for his Libra cryptocurrency project, Facebook’s Mark Zuckerberg will be looking to do damage control with Congress in a recently announced appearance before the House Financial Services Committee on October 23 – WSJ and MarketWatch and Law360

Independent British travel agent Hays Travel announced yesterday that it had purchased all 555 Thomas Cook stores a month after the tour company failed. The move is expected to save some 2,500 jobs for former Cook employees – NYTimes

Fidelity’s joining the free-online-trading bonanza – Bloomberg and WSJ

The SEC has kicked off a probe into the investment practices of teacher and government-worker pension plans to study whether plan administrators “choose investment options and police themselves when conflicts of interest arise” and assess “if violations of the federal securities laws have occurred” – WSJ

Bed Bath & Beyond has lured Target’s chief merchant Mark Tritton away from the Bullseye and into its CEO role. Tritton will replace interim CEO Mary Winston in early November – Bloomberg and MarketWatch and WSJ

After a less-than-stellar box-office reception for “Late Night,” Amazon Studios has overhauled its approach for “The Aeronauts,” its next big-screen offering. The shift shows Amazon heading more in the direction of rival Netflix, which has favored debuting films on its streaming service rather than bothering with theatres – NYTimes

Rare good news for Johnson & Johnson on Wednesday, with a California jury clearing it of a woman’s “claims that J&J talc gave her mesothelioma” after a five-week retrial – Law360

A pair of new executive orders issued this week will require federal agencies “to publish all informal guidance and limit its use in enforcement,” a move aimed at alleged “bureaucratic overreach and secret rulemaking.” Experts said “the orders did not appear to be sweeping changes to long-standing policy” – Law360

Bloomberg on the seemingly endless reach of Private Equity in the modern economy – Bloomberg

Appreciating this Times guide on traveling like a local. Now, if we can just find the time to actually make it happen . . . – NYTimes

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Robins Kaplan LLP

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