News 

ANALYST: Most investors respect the Merck CEO’s decision to resign from Trump’s council

“Frazier’s decision,” the analysts wrote” writes Elena Holodny for businessinsider.com. Most investors respect Merck CEO Kenneth Frazier’s decision to resign from US President Donald Trump’s manufacturing council, a move that preceded the outflow of other executives and led to the eventual disbanding of two panels mostly made up of business leaders.Even if the drug pricing issue does grow more complicated, investors seem to think that Frazier’s decision to act on principle was the right one. Source: businessinsider.com Share This:

Read More
News 

Trump’s pro-business agenda at risk after corporate America abandons president

“The loss of support from corporate America is big setback for a pro-business president who was a businessman himself and who based his campaign on helping Main Street and Wall Street” writes Jeffry Bartash for marketwatch.com. In just one stroke, the president lost the support of two traditional constituencies of the Republican party: big business and the military.Many business leaders only reluctantly joined Trump’s advisory board, apparently hoping he would behave better as president than he did on the presidential campaign.Yet an effort to hurt the businesses of CEOs who…

Read More
News 

Trump disbands economic councils as Charlottesville fallout continues

“The fallout from President Trump’s response to the Charlottesville tragedy escalated Wednesday as more prominent CEOs quit advising the White House on economic matters and Trump disbanded his manufacturing and business policy councils” writes unknown author for usatoday.com. And as resignations began to mount and the story refused to wane, the CEOs on the policy forum began contemplating its future. Source: usatoday.com Share This:

Read More
Crypto News 

Cash is dead and drones deliver groceries: This is the future, according to Blockchain CEO

“One day in the not-so-distant future, going to the grocery store to buy food will be as novel as going to the record store to buy vinyl albums” writes -peter Smith for cnbc.com. According to Blockchain co-founder and CEO Peter Smith, major changes in the way we live and work with technology could happen in the next 20 years. Source: cnbc.com Share This:

Read More
News 

Trump business councils disband amid wave of CEO exits

“President Donald Trump said Wednesday he was ending a pair of business advisory councils, appearing to attempt to get ahead of the imminent disbanding of one and acting after the departure of several executives from the other” writes Fiscal Policy Reporter for marketwatch.com. Then early Wednesday, CNBC reported a separate group, the strategic and policy forum, had decided to dissolve. Source: marketwatch.com Share This:

Read More
News 

Trump is disbanding his councils of business leaders entirely after flood of resignations

“As business leaders flee Donald Trump’s manufacturing advisory council en masse over his weak Charlottesville response, another panel of business advisors has completely imploded” writes Patrick Kulp for mashable.com. Following Trump’s tweet, a few more business leaders rushed to make their individual concerns with the now-defunct councils known, including United chairman and CEO Greg Hayes and Johnson & Johnson chairman and CEO Alex Gorsky. Source: mashable.com Share This:

Read More
News 

UnitedHealth names David Wichmann CEO

“Wichmann has spent nearly 20 years with the company and was previously its chief financial officer” writes Michael Erman for businessinsider.com. (Reuters) – UnitedHealth Group Inc said on Wednesday president David Wichmann will become the company’s chief executive, succeeding Stephen Hemsley, who is moving to the newly created role of executive chairman after more than a decade at the helm of the largest U.S. health insurer.Wichmann, 54, was widely viewed inside and outside of the company as Hemsley’s likely successor, although the timing of the change was sooner than some…

Read More
News 

UnitedHealth CEO Stepping Down, To Be Replaced by Company President

“UnitedHealth Group Inc. (UNH) shares were up 1.23% to $196.89 in premarket trading Wednesday after the company announced that CEO Stephen Hemsley, 65, will be stepping down” writes Tony Owusu for thestreet.com. Hemsley will be succeeded by company President David Wichmann who is 54.Wichmann has also served as the chief financial officer for the company, which is the country’s largest health insurer.UnitedHealth also announced that Board Chairman Richard Burke would be appointed as the company’s lead independent director. Source: thestreet.com Share This:

Read More
News Oil 

Fog lifting for Maersk as CEO gives upbeat shipping forecast

“Skou announced plans last September for Maersk to focus on transport, while seeking alliances or a separate listing for its energy division, which includes Maersk Oil” writes unknown author for cnbc.com. Maersk has been hit by low oil prices at its energy arm and sliding prices in its shipping business in recent years due to lackluster global trade and a glut of available ships for hire. Source: cnbc.com Share This:

Read More