Elon Musk says he’ll step down from President Donald Trump’s advisory councils if he decides to withdraw from the Paris climate agreement. …read more
President Donald Trump has swatted away swirling questions over his associates’ contact with Russian officials by questioning the legitimacy — if not the existence — of unnamed sources cited in stories about the ongoing investigation into the Kremlin’s interference with the election. …read more
Stock in some of the U.S.’s biggest banks were getting slammed on Wednesday, led by a sharp drop in shares of Goldman Sachs, as executives from some of the biggest banks were signaling that second-quarter trading was slumping, suggesting weakened revenues for the financial sector.
The U.S. economy expanded at “modest to moderate” pace through late May, but growth in several regions of the country was held back in part by a growing shortage of both high- and low-skilled workers, a Federal Reserve survey shows.
By Trefis Team, Contributor The Surgical and Patient Monitoring business has been a cornerstone of Medtronic‘s growth. We estimate that this business constitutes nearly 40% of Medtronic’s value, with nearly $11.5 billion in annual revenue and close to $8 billion in annual gross profit. …read more
By Trefis Team, Contributor Intuitive Surgical’s stock has gained significantly since the company’s Q1 2017 earnings release. Analysts at Goldman Sachs and Wells Fargo recently upgraded their price targets for the stock to $1,000. In this note we take a look at what the comp …read more
By Ana Swanson
President Trump holds up an executive order withdrawing the U.S. from the Trans-Pacific Partnership. (Saul Loeb/AFP/Getty Images)
The United States and Vietnam are slated to announce trade deals worth between $15 billion and $17 billion on Wednesday afternoon, when President Trump and Vietnamese Prime Minister Nguyen Xuan Phuc meet at the White House.
Speaking at a dinner for the U.S. Chamber of Commerce Tuesday night, Phuc said that the new deals would be concentrated largely in the high-tech sector. Even as Vietnam exports products like fish, seafood, apparel and footwear to the United States, it is a hungry consumer of U.S. corn, soybeans, planes and machinery, he said.
But the newly announced deals may be little comfort for Vietnam after the collapse of the Trans-Pacific Partnership, the 12-country trade deal that Trump officially withdrew from shortly after he entered office.
Economists say Vietnam would have been one of the biggest winners of the deal. A 2016 study by the Peterson Institute of International Economics found that the Obama-era trade deal would have increased Vietnam’s gross domestic product by 8.1 percent by 2030, the most of any country in the deal, and expanded its exports by one-fifth. Economists expected the deal to expand access to foreign markets for Vietnamese producers of apparel, footwear and seafood, as well as stimulate economic reforms within the country.
In comparison, the TPP would have boosted U.S. GDP 0.5 percent and Japanese GDP 2.5 percent by 2030, Peterson estimated. Even countries with smaller economies, like Brunei and Peru, would not see as large of a percentage increase as Vietnam would have, according to Peterson’s estimates.
The deal also had strategic implications for Vietnam, a country of 90 million nestled against China’s southern border. By excluding China, at least initially, the makers of the TPP sought to strengthen rival economies and balance …read more
Marvel and DC Comics have made a combined 19 superhero movies since they started turning their respective comic characters into interconnected movie franchises in 2008. Of those 19, a women has played the movie’s top role in exactly zero.
That changes June 2, when DC/Warner Bros. releases “Wonder Woman,” with Gal Gadot playing the titular character.
The film, directed by Patty Jenkins — one of only three women to direct a live-action film with a budget of over $100 million — is another step forward for women in the superhero and science fiction sphere, coming on the heels of Katherine Waterston’s starring role in “Alien Covenant” and a pair of new Star Wars movies (“The Force Awakens” and “Rogue One”) that, respectively, featured Daisey Ridley and Felicity Jones playing the films’ main protagonists.
But while one is better than none, the fact remains that DC and Marvel made a combined 19 superhero movies with men in the lead before starring a woman. (Warner Bros.’ relatively new DC Extended Universe has made 4, whereas Marvel has made 15).
So will “Wonder Woman” be an irregularity, or is the film’s breakthrough the beginning of a new era of frequent female protagonists in a field of films that have thus far been male-dominated?
Martha Lauzen, executive director of the Center for the Study of Women in Television and Film at San Diego State University, leads a team that has been taking a truth lasso to the numbers since 1998. And while she has found Hollywood still functions far from parity, there are minor signs of improvement.
Overall, the Center for the Study of Women in Television and Film found that women made up 29 …read more
By David Perry In early May, the white supremacist Jeremy Christian — who is accused of killing two men in Portland, Ore., on Friday — posted on Facebook, “Hail Vinland!!! Hail Victory!!!” “Victory” makes sense. Bigots feel empowered these days. But why “Vinland?” Why was this accused attacker talking about the short-lived Viking settlement in North America? It […] …read more
By Tom Acitelli America’s growing ranks of craft distillers think that an excise tax cut from Washington could spur unprecedented growth in their industry, putting their small-batch, traditionally made whiskeys, gins, vodkas, brandies and more into more hands and on more menus than ever. It’s not so much drunk talk. Just look at what happened with craft beer. In […] …read more