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Trump Signals He Favors Less Confrontation With China on Tech
President Donald Trump signaled he may take a less confrontational path toward curbing Chinese investments in sensitive American technologies, potentially relying on a U.S. committee that scrutinizes foreign acquisitions for national security risks. Trump made remarks Tuesday at the White House that appeared to align with Treasury Secretary Steven Mnuchin’s approach, in an internal administration […]
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Goldman, Morgan Stanley Left Out of Banks New Lobbying Powerhouse
An effort by the nation’s largest banks to boost their lobbying clout in Washington is leaving three industry titans on the sidelines: Read More: 1,000 Cuts to Dodd-Frank: Tracking Trump’s Wave of Deregulation While the deal is still expected to go forward, disagreements have bogged down the launch of the new entity, according to people […]
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What Should Gary Cohn Do Next? These Business Leaders Have Some Ideas
Gary Cohn is leaving the White House after losing an internal battle over putting big tariffs on steel and aluminum imports. Wall Street executives are out and wondering what he’ll do next. Bloomberg News spoke to business leaders about where they think the former Goldman Sachs Group Inc. president could land. Richard Breeden, investor and […]
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Scaramucci Says He Fears John Kelly Will Thwart SkyBridge Sale
Former Read more: Hicks’s exit widens Trump staff tumult Scaramucci’s fury with Trump’s chief of staff has been well-known since his dismissal on Kelly’s first day managing the White House. Scaramucci lost the job less than two weeks after he had been hired, largely over a tirade against then-chief strategist Steve Bannon. Now Scaramucci is […]
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How the Carried Interest Break Survived the Tax Bill
President Donald Trump’s plan to abolish a tax break for hedge-fund managers was kept out of the final tax overhaul legislation — an act of defiance by congressional leaders who exploited a split among Trump’s advisers. White House economic adviser Gary Cohn wanted to end the carried interest break, while Treasury Secretary Steven Mnuchin successfully […]
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Why Is Bannon Bashing McConnell Over Roy Moore Instead of Taxes?
The Dec. 12 special Senate election in Alabama is being touted as the next clash in the ongoing battle between Steve Bannon and Senate Majority Leader Mitch McConnell for the soul of the Republican Party—what Bannon, with characteristic hyperbole, calls a “season of war.” Roy Moore, the GOP candidate, stands accused of numerous incidents of sexual misconduct, including […]