NEW YORK — President Donald Trump confirmed on Tuesday that he is eying Goldman Sachs executive Dina Habib Powell, his former deputy national security advisor, as one of the main contenders to replace Nikki Haley as U.S. ambassador to the United Nations. Haley announced her resignation on Tuesday, saying she will officially leave her post at the end of the year. Trump said that he would name Haley’s successor within two to three weeks.In one of many reports spotlighting Powell, CNBC cited “three people with direct knowledge of the matter” saying senior White House officials already reached out to Powell about the possibility of replacing Haley. Trump confirmed to reporters outside the White House that he is indeed considering Powell for the soon-to-be vacant UN post. “Dina is certainly a person I would consider and she is under consideration,” Trump said. He added that “there are others. I’ve heard a lot of names.” Powell has been … [Read more...] about Eight Significant Ties Between Dina Powell and the Clintons
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How can newly powerful, global tech companies fulfill their legal responsibilities to customers, employees, shareholders and the different societies in which they operate? And how can lawyers help? Three developments this summer—as well as generations-old choices at IBM—highlight these questions: • On June 19, General Electric was removed from the Dow Jones Industrial Average (in favor of Walgreens!) because of GE’s faltering performance; now GE’s board is considering breaking up the company. • On July 18, the European Union announced a $5 billion antitrust fine against Google. It’s a little ironic that Google finds itself in the antitrust crosshairs, since many of the key folks at Google were part of Netscape’s and Sun’s antitrust battles against Microsoft in the ‘90s. And just this month came the news that the Senate Intelligence Committee was not willing to accept Google’s highly regarded general counsel, Kent … [Read more...] about IBM, GE, Facebook, Google and the law—lessons learned, or lessons forgotten?
THE TICKER Trump arrives for an event about prescription drug prices in the Rose Garden on Friday. (AP Photo/Evan Vucci) President Trump crashed his own team’s China talks via tweet on Sunday, reminding Beijing of his prerogative to undermine his top negotiators. It remains unclear what, if anything, he'll have to show for it. But the aim, The Washington Post’s Damian Paletta, Ellen Nakashima and Steven Mufson report, is a mini-deal that would lift a U.S. crackdown on Chinese telecom giant ZTE in exchange for Beijing easing penalties on American agricultural exports. The president pledged to salvage ZTE — and with it, tens of thousands of Chinese jobs — just weeks after the Commerce Department slapped the company with a severe penalty for making illegal shipments to Iran and North Korea. President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast. Too … [Read more...] about The Finance 202: Trump risks dealmaker rep with ZTE reversal