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Reuters Company NewsMay 28, 2020
UPDATE 9-Trump move could scrap or weaken law that protects social media companies
President Donald Trump said he will introduce legislation that may scrap or weaken a law that has protected internet companies, including Twitter and Facebook, in an extraordinary attempt to regulate social media platforms where he has been criticized.

What Is Section 230—And Why Does Trump Want To Change It? - Forbes (Google Business News)

Reuters BusinessMay 28, 2020
Tyson Foods will shut U.S. pork plant as more workers catch COVID-19
Tyson Foods Inc said on Thursday it will temporarily close an Iowa pork plant due to the coronavirus pandemic, a month after U.S. President Donald Trump ordered slaughterhouses to stay open to protect the country's food supply.

UPDATE 2-Tyson Foods will shut U.S. pork plant as more workers catch COVID-19 (Reuters Company News) - Financial MarketsMay 28, 2020
Global stocks drop with Trump expected to hit back at China
Shares across Asia-Pacific fall as investors brace for US to retaliate over Hong Kong law

Reuters BusinessMay 28, 2020
Asian stocks slip as markets await Trump's Hong Kong response
Asia's stock markets pulled back and major currencies were held in check on Friday, as investors await the U.S. response to China tightening control over the city of Hong Kong.

GLOBAL MARKETS-Stocks slip as markets await Trump's HK response (Reuters Company News)
Stock futures fall ahead of Trump's announcement on China (MarketWatch Breaking News)

CNBC FinanceMay 28, 2020
Dow futures fall 100 points ahead of Trump's U.S.-China news conference on Friday
Stock futures were flat night as traders braced for an upcoming news conference on U.S.-China relations from President Donald Trump.

NYTimes BusinessMay 28, 2020
Explaining President Trump's Executive Order Targeting Social Media
The president wants to narrow legal protections for companies like Twitter after it began appending fact-check labels to his postings.

Marie Harf slams Trump's social media executive order as 'grievance politics', bid to 'troll Twitter' - Fox News (Google Business News)

MarketWatchMay 28, 2020
NewsWatch: Dow books a 150-point loss after President Trump says he will hold Friday news conference on China
Stocks close lower Thursday, skidding into negative territory in the final hour of trade, after President Donald Trump said he would hold a news conference on China on Friday, rattling investors who had been enjoying a rally on optimism about an economic recovery from the coronavirus pandemic.

MarketWatchMay 28, 2020
Asia Markets: Asian markets fall as new Chinese law puts Hong Kong's future in doubt
Asian markets mostly fell in early trading Friday, ahead of a news conference by President Donald Trump regarding China.

Reuters Company NewsMay 28, 2020
UPDATE 1-Zuckerberg distances Facebook from Twitter in Trump fight
Facebook Chief Executive Mark Zuckerberg took pains to distance his company from Twitter and its fight with U.S. President Donald Trump on Thursday, as the White House moved to scrap a law protecting social media companies.

Google Business NewsMay 28, 2020
Stung By Twitter, Trump Signs Executive Order To Weaken Social Media Companies - NPR
Stung By Twitter, Trump Signs Executive Order To Weaken Social Media Companies  NPRTrump is set to announce an executive order against social media companies  CNNWhy Twitter should ban Donald Trump  The GuardianIn Twitter vs. Trump smack down, the president is losing  Los Angeles TimesTrump's executive order targeting Twitter will hurt users far more than the company  

Google Business NewsMay 28, 2020
UK considers opening citizenship 'path' for 300,000 Hong Kong residents, if China pursues security law - CNN
UK considers opening citizenship 'path' for 300,000 Hong Kong residents, if China pursues security law  CNNU.S. to Expel Chinese Graduate Students With Ties to China's Military Schools  The New York TimesChina approves controversial national security bill for Hong Kong  CBS NewsWill President Trump Stand With Hong Kong?  The New York TimesJames Carafano: China's coronavirus bullying - US must keep pushing back. Here's how  Fox News - USMay 28, 2020
How will Trump intervention affect Hong Kong business?
Analysts warn that any US measures would have a ‘chilling effect' on business activity

Yahoo BusinessMay 28, 2020
Dell Reports Steady Sales, Profit on Corporate PC Demand
(Bloomberg) -- Dell Technologies Inc. reported quarterly revenue and profit that were better than projected on greater sales of personal computers to businesses with employees working from home, even while server demand waned. Shares jumped 7% in extended trading.Revenue was $21.9 billion in the period that ended May 1, little-changed from a year earlier, the Round Rock, Texas-based company said Thursday in a statement. On average, analysts estimated $20.8 billion, according to data compiled by Bloomberg. Dell generated profit, excluding some items, of $1.34 per share, easily beating analysts' projection of 95 cents.Chief Executive Officer Michael Dell has been the architect of a strategy to offer diversified information technology. The company makes PCs, data-center hardware, cybersecurity products and other software. The resulting empire was saddled with debt, which the company has prioritized paying down to have an investment-grade credit rating. Dell reported it repaid $5.4 billion in debt during the fiscal first quarter, leaving it with $48.4 billion in long-term debt.To save costs during the recession caused by the coronavirus pandemic, Dell has frozen hiring, raises, promotions and contributions to its employees' 401(k) retirement plans, Bloomberg News reported this month. During Donald Trump's tenure as president, Dell has shifted its supply chain away from China where possible to avoid the worst effects of the trade war with the U.S. That decision looks to have paid off, with Dell's PC business holding

Google Business NewsMay 28, 2020
Pennsylvania House Democrats accuse Republicans of keeping GOP member's positive Covid test from them for a week - CNN
Pennsylvania House Democrats accuse Republicans of keeping GOP member's positive Covid test from them for a week  CNNDems abandon vote on bipartisan FISA bill after Trump tweets veto threat  Fox NewsPOLITICO Playbook PM: Trump takes a FISA victory lap - POLITICO  PoliticoThe House should be able to vote remotely — even after the pandemic ends  The Washington PostCuomo tries to get Was

Yahoo BusinessMay 28, 2020
U.S.-China Anxiety Has Oil Trimming Biggest Monthly Gain Ever
(Bloomberg) -- Oil trimmed its biggest monthly advance on record as crude was swept up in the broader negative sentiment around deteriorating U.S.-China relations, even as historic supply cuts tighten the market.While futures in New York edged lower to trade near $33 a barrel, crude is still set for the biggest monthly gain in data going back almost four decades. U.S. President Donald Trump said he'll announce new policies on China on Friday after Beijing escalated its crackdown on Hong Kong. The oil market has started to recover from a virus-led demand crash after OPEC began reducing output, but investors will be watching for any change when the coalition meets in early June after Russia signaled it would scale back curbs in line with the deal."There's volatility in the market with the escalating conflict between the U.S. and China," Kwangrae Kim, a commodities analyst at Samsung Futures Inc. "There are also questions about whether OPEC producers will continue to slash their output at the current pace in coming months with prices rising and demand coming back."A return of oil consumption to pre-virus levels -- if at all -- is likely to be long and uncertain, but refiners in China, India and South Korea are buying more crude cargoes, and demand for gasoline is climbing as people return to work. Citigroup Inc. has even predicted that a record surplus in the second quarter would flip to a record deficit over the three months from July.See also: Investors Piling Into Oil Are Ignoring Warnings on U.S. DemandThe
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