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 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.
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 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.
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Shares across Asia-Pacific fall as investors brace for US to retaliate over Hong Kong law
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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.
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Stock futures were flat night as traders braced for an upcoming news conference on U.S.-China relations from President Donald Trump.
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The president wants to narrow legal protections for companies like Twitter after it began appending fact-check labels to his postings.
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 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.
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Asian markets mostly fell in early trading Friday, ahead of a news conference by President Donald Trump regarding China.
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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.
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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
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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
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Analysts warn that any US measures would have a ‘chilling effect' on business activity
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 (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
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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
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 (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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