Merck executive resigns from Trump advisory council
Merck CEO Kenneth Frazier resigns from the President's American Manufacturing Council citing a lack of explicit rebuke of white supremacists in Charlottesville. Trump attacks Frazier on social media, accusing him of plotting lower drug prices and outsourcing jobs. Kevin Plank of Under Armour also resigns from the same council citing a stance on politics.
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Stocks rise as tech and banks lift markets
U S stocks rebounded with major indices up as technology firms and banks led the gains after North Korea tensions cooled. The S P 500 rose 24.52 to 2,465.84 while the Dow gained 135.39 to 21,993.71 and Nvidia surged 12.44 to 168.40.
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Mexico Ready for NAFTA Renegotiation in Washington
Mexican negotiators head to Washington to renegotiate NAFTA amid U S pressures to cut the roughly 60 billion trade gap with Mexico. Officials seek to add energy telecom and financial services while preserving Chapter 19 dispute panels and avoiding new tariffs on cross border goods.
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