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Asked about the challenge that autos tariffs would pose, Trudeau said Canada would need to feel confident “about the path forward as we move forward - if we do - on a NAFTA 2.0.”. The three nations’ auto industries are highly integrated and tariffs on Canadian cars would be hugely disruptive. Speaking separately, Canada’s ambassador to Washington said that on a scale of 1 to 10, the chances of an agreement by the Sept. 30 deadline were 5. “If it doesn’t happen by the end of the week, we’ll just keep working away and trying to get the best deal for Canada,” David MacNaughton told a Toronto event arranged by Politico Canada.
A Trump administration official said the text of the agreement with Mexico was set to be published on Friday, The official declined to be named because the matter has not yet been made public, A spokesman for the U.S, Trade Representative’s Office declined to comment, Trudeau said existing U.S, tariffs on Canadian steel and aluminum in late May would have to be scrapped before Canada felt comfortable signing a new custom cufflinks with photos NAFTA, The Trump administration has said the text of an agreement between the three nations is needed by Sunday to allow the current Mexican government to sign it before it leaves office at the end of November..
(Reuters) - Merck & Co Inc (MRK.N) Chief Executive Officer Kenneth Frazier will remain in the role beyond 2019, the drugmaker said on Wednesday, after it scrapped a policy requiring its CEOs to retire at the age of 65. Frazier, who will turn 65 in December 2019, took the helm of the U.S. pharmaceutical company in 2011. On his watch, the company’s stock price has doubled and its cancer immunotherapy Keytruda has raked in blockbuster sales, becoming one of the leading products in a new generation of oncology treatments.
“CEO succession has been our top priority, and removing the mandatory retirement policy enables the board to make the best decision concerning the timing of that transition,” Merck’s lead director Leslie Brun said in a statement, A source familiar with the company said the decision to end the custom cufflinks with photos policy was initiated by the board, not by Frazier, and gives the company flexibility to run a succession program without a deadline, The source stressed the company’s strong bench of potential in-house CEO successors, including President of Global Human Health Adam Schechter, Chief Financial Officer Rob Davis and others..
Frazier made headlines last year when he became the first business leader to leave U.S. President Donald Trump’s now disbanded manufacturing council following Trump’s comments on a white nationalist rally held in Charlottesville, Virginia. The grandson of a sharecropper, and son of a janitor, Frazier’s appointment to CEO in 2011 made him the only black person leading one of the major U.S. or European drugmakers. Frazier made his name at Merck as the company’s general counsel, steering the company through daunting litigation over Vioxx, its widely used painkiller that was withdrawn from the market in 2004 after being linked to heart attacks.
Merck eventually paid nearly $5 billion to settle some 27,000 lawsuits brought by those who claimed to have custom cufflinks with photos been harmed by the popular arthritis treatment, As chief executive, Frazier has focused the company around the development Keytruda, which has racked up approvals to treat numerous types of cancer, including lung cancer, Analysts expect annual Keytruda sales to reach nearly $11 billion by 2020 and keep climbing from there, according to Thomson Reuters data, Merck also announced price cuts for some of its medicines in July, after Trump criticized drugmakers for failing to help reduce healthcare costs for consumers..
(Reuters) - Interest rates futures traders on Wednesday stuck with bets the Federal Reserve will raise rates once more this year and two times next year even after the central bank released forecasts flagging a slightly steeper rate rise path. Contracts tied to the Fed’s policy rate that are traded at CME Group’s Chicago Board of Trade rose in the wake of the Fed’s expected third rate increase in 2018 on Wednesday and after Fed Chairman Jerome Powell’s upbeat comments on the economy after the Fed’s two-day meeting.
The higher pricing in the contracts was not large enough to alter traders’ expectations for a Fed rate hike in December, which would bring it to a target range of 2.25 percent to custom cufflinks with photos 2.50 percent, It implied traders expect two more rate increases in 2019, Fed forecasts released on Wednesday showed Fed policymakers themselves view three rate hikes as likely needed next year, “The projected path on interest rates is the same,” said Larry Milstein, head of government and agency trading at R.W, Pressprich & Co, in New York, “I think a December hike is pretty well baked in.”..