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Aramco, Saudi Arabia’s giant oil company, announced yesterday that it had bought 70 percent of the kingdom’s state-controlled petrochemical company, Sabic, for .1 billion.
This is an alternative to an Aramco I.P.O. The deal for a majority stake in Sabic will provide a windfall for its majority owner: Saudi Arabia’s sovereign wealth fund. Aramco’s postponed plan to sell some of itself on a public stock market would have accomplished something similar.
Saudi Arabia now has the money it wanted to modernize its economy. The kingdom’s crown prince, Mohammed bin Salman, hopes to fund a campaign to wean Saudi Arabia off oil, by investing in new technology and clean energy. Aramco has now given his government the billions required to do so.
And banks still get a gusher of fees. Financial firms that had worked on an Aramco I.P.O. pivoted to advisory roles on the Sabic deal, and many will arrange what’s expected to be a huge bond sale to help finance the transaction.
Expect a peek into Aramco’s books. As part of a bond offering, the oil company will have to disclose its financial operations to potential investors. It’s unclear how much it will reveal, but any look at its huge oil reserves is sure to be of interest.
The planemaker explained yesterday what it plans to do to upgrade its 737 Max 8 planes, after two fatal crashes in recent months raised global concerns about its safety.
Pilots will have more control to override anti-stall software and new alerts, the company said at an event at its factory in Renton, Wash. They will also receive additional training.
Boeing defended its Max 8 design process. “In general the process has worked and continues to work, and we see no reason to overhaul the process,” an unnamed Boeing official told the media. (A spokesman later told the WaPo that the comment referred to the plane’s development process, not its safety certifications.)
Senators raised questions about safety checks for the Max 8 at a hearing yesterday, pressing federal regulators on all aspects of the process:
• The transportation secretary, Elaine Chao, called the current situation “troubling.”
• The acting F.A.A. chief, Daniel Elwell, said delegating authority was crucial. Otherwise, he added, the agency needed an extra 10,000 employees and .8 billion to oversee safety certification.
• The Transportation Department’s inspector general, Calvin Scovel, said his office would conduct an audit into the F.A.A.’s certification of the Max 8.
But lawmakers remain skeptical about the regulatory process. “The F.A.A. decided to do safety on the cheap, which is neither cheap nor safe,” Senator Richard Blumenthal, Democrat of Connecticut, said.
American and Chinese officials continued to piece together a trade deal during talks in Beijing this week, but progress remains relatively slow.
“We have moved forward in all areas,” one unidentified senior U.S. administration official told Reuters. The source said that in particular progress has been made on the practice of forced transfer of American technology to Chinese companies, a central issue for the Trump administration.
But “we aren’t yet where we want to be,” the official conceded. The FT adds that “even agreement in less controversial areas — such as increased purchases of U.S. exports and improved market access for foreign investors — is proving difficult to pin down.”
Senior U.S. officials arrive in Beijing today to continue the talks. Robert Lighthizer, the U.S. trade representative, and Steven Mnuchin, the Treasury secretary, will seek to make more progress. Next week, Vice Premier Liu He of China will head to Washington.
The timing of a deal looks increasingly uncertain. “It could go to May, June, no one knows. It could happen in April, we don’t know,” a U.S. official told Reuters.
More: Senate Republicans warned President Trump that his tariffs could plunge the U.S. into a recession ahead of the 2020 election.
In a last-ditch effort to gain support for her Brexit plan, Prime Minister Theresa May yesterday offered to resign as long as her agreement is approved, Stephen Castle of the NYT writes.
Her offer came as Parliament tried to sideline her by coming up with its own plan for Britain’s exit from the E.U. “But when lawmakers held a series of nonbinding votes on Wednesday night on eight different options for Britain’s future relationship with the E.U., none mustered a majority,” Mr. Castle writes.
“If Mrs. May’s plan is approved, the battle over the details of Brexit will be fought first in a leadership struggle in the Conservative Party and then by all the other parties and factions that have scrapped with one another throughout the last two years.”
But while her deal is gaining some support, many lawmakers are still holding out. Mrs. May will need to win the support of about 70 lawmakers who have already voted against the agreement — twice. Mr. Castle writes that it is “a very tall order.”
More: The fund manager Mark Mobius said that the state of Britain’s debt and currency make it look “like an emerging market now.”
Behind the Trump administration’s decision this week to seek a complete rejection of the Affordable Care Act was a political wager: Can President Trump appease supporters by upholding a 2016 campaign pledge?
Mr. Trump made his decision on Monday after a heated debate in the White House, the NYT reports. Egging on the president were the acting White House chief of staff, Mick Mulvaney, and a top policy aide, Joe Grogan. Opposing the move were the White House counsel, Pat Cipollone; the secretary of health and human services, Alex Azar; and the attorney general, Bill Barr.
The argument for taking on Obamacare, according to the NYT: “Mr. Trump has declared that he has kept his promises, Mr. Mulvaney and Mr. Grogan argued, and as a candidate he campaigned on repealing the health law. His base of voters would love it.”
Republican lawmakers are worried. They lost control of the House last year largely because of voter concerns about health care. “We need a plan, and right now we don’t have one,” one unnamed Republican senator told Politico.
Others are betting against Mr. Trump. Legal scholars think that Chief Justice John Roberts would again defend the law if the matter heads to the Supreme Court. And recent polls show that independent voters don’t approve of Mr. Trump’s handling of health care.
More health care news: A federal judge blocked Kentucky and Arkansas from imposing work requirements on Medicaid, a blow to Republican efforts to reshape the program.
A British review of Huawei found “significant” security problems with the Chinese company’s telecommunications equipment, Adam Satariano of the NYT reports.
There are “underlying defects” in Huawei’s software engineering and security processes, according to the report, which was released this morning. They could be exploited by governments or independent hackers, creating a risk to national security.
The report did not call for an outright ban of Huawei equipment, and “described a company with poor engineering practices and problems stemming from those engineering flaws, more than one operating at the orders of Chinese authorities,” Mr. Satariano writes. The findings were endorsed by Britain’s top cybersecurity agency.
The conclusions buttress the Trump administration’s argument that Huawei is a grave risk to national security. Yet allies have resisted that push.
They still want to manage the risks of using Huawei hardware rather than blocking it outright, to avoid losing momentum in building new high-speed wireless data networks. Earlier this year, the head of Britain’s National Cyber Security Center, Ciaran Martin, said that a complete ban wasn’t necessary.
Investors increasingly think that as the global economy slows down, the Fed will have to cut interest rates. Officials at the central bank say that’s not in the cards — at least, not yet, Nick Timiraos of the WSJ reports.
• The most recent sign of a rate cut, according to some investors, was last week’s yield-curve inversion. That was when yields on long-term Treasury notes fell below those of short-term ones, which is often interpreted as a harbinger of recession.
• But some Fed officials urge patience. “I’d need to see an inversion of some magnitude and/or some duration, and right now we don’t have either,” Bob Kaplan, the president of the Dallas Fed, told the WSJ.
• “If you see an inversion that goes on for several months … that’s a different kettle of fish,” he added.
• The San Francisco Fed president, Mary Daly, said in a speech earlier this week that she’s “not freaked out” by the yield curve, and “hopefully businesses and market participants won’t freak out” either.
More: The European Central Bank is considering how to help the continent’s banks as interest rates look to remain subzero.
Swedbank fired Birgitte Bonneson as its C.E.O. today amid allegations that the Swedish lender was involved in Russian money-laundering.
Chris Schaepe was ousted from Lightspeed Venture Partners after telling the firm he had hired the consultant at the heart of the college admissions scandal, though he has not been charged.
Tim Throsby will step down as the head of Barclays’ investment bank.
JPMorgan Chase reportedly plans to lay off hundreds of workers in its asset-management and wealth divisions.
• The pending I.P.O.s of Lyft and Pinterest highlight the debate over dual-class shares that let founders control companies with relatively small stock holdings. (DealBook)
• Pimco and Elliott Management are reportedly pitching California lawmakers on a restructuring plan for PG&E, the bankrupt utility. (Bloomberg)
• Commerzbank employees are reportedly gearing up to oppose a merger with Deutsche Bank. (Bloomberg)
• Casper, the mattress company, raised 0 million from Target and other investors at a valuation of .1 billion. (Bloomberg)
• Bustle Digital, which owns Gawker, agreed to buy The Outline, a struggling online publisher. (Recode)
Politics and policy
• President Trump is getting exactly what he wants from the U.S. economy — just as economic forecasters are predicting a slowdown. (NYT)
• The Supreme Court heard arguments on whether to curb the power of administrative agencies like the Department of Veterans Affairs. (NYT)
• Stephen Moore, the economic commentator whom Mr. Trump plans to nominate to the Fed, owes ,000 in unpaid federal taxes and penalties. (NYT)
• The House Oversight and Reform Committee is seeking 10 years’ worth of Mr. Trump’s financial records from an accounting firm. (Politico)
• The Trump administration has reportedly strengthened its support for Israel in part because the shale boom has made the U.S. less dependent on oil imports. (FT)
• Facebook will ban white nationalist content from its platforms. Related: why video games are fertile ground for white nationalist recruitment. (NYT, NYT Op-Ed)
• More on Facebook: Here’s a peek inside the growth machine that gave it more than a billion users. (FT)
• Microsoft seized 99 websites that it said were used by Iranian hackers to try to steal sensitive information from people in Washington. (NYT)
• President Trump met with Sundar Pichai of Google yesterday, and tweeted that the C.E.O. is “totally committed to the U.S. Military, not the Chinese Military.” (WSJ)
• Flaws in Bitcoin may mean that it never bounces back to its heights. (Economist)
• Millennials might not be giving up on car ownership after all. (Bloomberg Opinion)
Best of the rest
• A newly formed Nissan committee recommended overhauling the company’s board in order to move past the arrest of its former chairman, Carlos Ghosn. (NYT)
• A New Jersey jury unanimously cleared Johnson & Johnson in the latest trial over whether its talc products caused a consumer’s cancer. (NYT)
• But a California jury awarded .3 million in damages to a man who it decided had contracted cancer from exposure to Bayer’s Roundup weedkiller. (WSJ)
• Bill McGlashan, who was ousted from TPG over the college admission scandal, argued yesterday that he hadn’t actually done anything illegal — yet. (Recode)
• The Chinese delivery company Meituan is so cheap, it’s changing how people eat. (Bloomberg Businessweek)
• How a TripAdvisor worker helped hunt down a prolific robocaller. (Wired)
Thanks for reading! We’ll see you tomorrow.
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福利彩票开奖结果查询3d开奖【有】【些】【人】，【在】【面】【对】【第】【七】【重】【天】【时】，【很】【容】【易】【度】【过】【此】【劫】，【而】【有】【些】【人】，【或】【许】【耗】【尽】【一】【生】，【都】【走】【不】【出】【那】【道】【门】【槛】。 【经】【过】【一】【番】【厮】【杀】，【玄】【月】【背】【着】【苧】【茜】【杀】【出】【了】【重】【围】，【只】【是】【身】【后】【还】【是】【有】【一】【批】【人】【穷】【追】【不】【舍】。 【对】【于】【玄】【月】【来】【说】，【他】【已】【经】【手】【下】【留】【情】【了】，【便】【没】【有】【伤】【到】【五】【位】【天】【罡】【星】【君】，【只】【是】【杀】【了】【一】【些】【天】【兵】【以】【及】【天】【罡】【兵】。 “【怎】【么】【办】，【他】【们】【还】【是】【穷】【追】【不】【舍】
【迈】【克】【尔】·【伍】【德】【上】【门】【拜】【访】【的】【时】【间】，【比】【德】【鲁】【女】【士】【预】【言】【的】【还】【要】【早】。【李】【墨】【尘】【才】【刚】【在】【安】【琪】【拉】【家】【吃】【过】【晚】【饭】，【这】【位】【少】【将】【先】【生】【就】【到】【了】【独】【角】【兽】【公】【寓】。 【见】【面】【之】【后】，【李】【墨】【尘】【没】【费】【什】【么】【口】【舌】，【就】【代】【表】【旭】【日】【电】【器】【零】【售】【公】【司】【与】【他】【签】【订】【了】【雇】【佣】【合】【同】。【两】【人】【只】【就】【具】【体】【的】【薪】【金】，【进】【行】【了】【一】【番】【较】【为】【激】【烈】【的】【讨】【论】。 【最】【后】【达】【成】【协】【议】【是】【年】【薪】【三】【千】【万】【金】【盾】，【加】【上】【各】
【魔】【化】【铁】【犀】【的】【动】【作】【顿】【时】【一】【滞】，【它】【用】【难】【以】【置】【信】【地】【目】【光】【看】【向】【这】【个】【不】【到】【一】【米】【六】【的】【矮】【个】【子】【战】【士】。 【它】【不】【明】【白】【对】【方】【身】【上】【那】【个】【虚】【化】【的】【身】【形】【是】【什】【么】【能】【力】，【但】【这】【并】【不】【妨】【碍】【它】【倾】【斜】【自】【己】【的】【愤】【怒】。 【放】【到】【他】【还】【是】【个】【人】【类】【的】【时】【候】，【这】【样】【的】【小】【崽】【子】【它】【一】【人】【能】【打】【十】【个】，【而】【现】【在】……【二】【十】【个】【踩】【过】【去】【跟】【玩】【一】【样】。 【但】【是】【就】【在】【刚】【才】，【就】【是】【这】【么】【一】【个】【小】【东】【西】
“【符】【俊】【又】【上】【热】【搜】【了】？【居】【然】【还】【被】【拍】【到】【跟】【之】【栗】【约】【会】【的】【照】【片】，【真】【的】【是】【让】【人】【想】【不】【到】，【居】【然】【还】【是】【否】【认】。” 【颜】【雪】【末】【坐】【在】【办】【公】【桌】【前】【捧】【着】【手】【机】【看】【八】【卦】，【小】【声】【的】【碎】【碎】【念】。 【符】【俊】【的】【恋】【爱】【八】【卦】【就】【像】【连】【续】【剧】，【昨】【天】【刚】【否】【认】，【今】【天】【就】【出】【第】【二】【集】，【有】【实】【锤】【的】【照】【片】，【但】【符】【俊】【的】【公】【司】【依】【旧】【做】【出】【否】【认】【声】【明】。 【声】【明】【称】【符】【俊】【跟】【夏】【之】【栗】【只】【是】【朋】【友】【关】【系】，【并】福利彩票开奖结果查询3d开奖【我】【十】【月】【六】【号】【申】【请】【的】【解】【封】，【一】【直】【到】【十】【一】【月】【三】【号】【才】【回】【复】，【又】【被】【了】【拒】【绝】【了】，【但】【是】【不】【知】【道】【为】【什】【么】，【现】【在】【又】【毫】【无】【消】【息】【的】【给】【我】【解】【封】【了】，【惊】【喜】【的】【同】【时】，【也】【开】【始】【纠】【结】，【因】【为】【同】【时】【更】【新】【两】【本】【书】，【对】【老】【鱼】【来】【说】，【实】【在】【是】【太】【困】【难】【了】，【而】【且】【万】【界】【被】【封】【了】【半】【年】【了】，【好】【多】【剧】【情】【连】【老】【鱼】【自】【己】【都】【记】【不】【太】【清】【了】，【我】【需】【要】【理】【一】【下】【思】【路】，【十】【二】【月】【恢】【复】【更】【新】【万】【界】，【感】【谢】
“【来】【人】……” 【左】【胤】【出】【声】，【想】【叫】【人】【过】【来】，【因】【为】【他】【发】【现】【他】【好】【像】【被】【困】【住】【了】，【动】【不】【了】，【只】【能】【出】【声】【求】【救】。 【左】【胤】【的】【声】【音】【很】【大】，【所】【以】，【很】【多】【人】【都】【听】【到】【了】。 【现】【在】【正】【是】【夜】【晚】，【很】【多】【人】【都】【已】【经】【去】【睡】【觉】【了】，【只】【留】【下】【一】【个】【小】【和】【尚】【和】【一】【个】【老】【和】【尚】【在】【那】【里】【诵】【经】【超】【度】。 【小】【和】【尚】【是】【第】【一】【次】【干】【这】【样】【的】【事】【情】，【心】【里】【有】【些】【害】【怕】，【可】【看】【着】【老】【和】【尚】【一】【脸】
“【你】【什】【么】【意】【思】？” “【很】【简】【单】？【你】【希】【望】【谁】【来】【救】【你】？【我】【还】【是】……”**【秦】【故】【意】【地】【拖】【长】【声】【音】【看】【着】【强】【忍】【住】【药】【效】【的】【李】【紫】【新】【早】【就】【已】【经】【神】【志】【不】【清】【了】。“【还】【是】【尉】【迟】【拓】【野】？” “【我】【不】【会】【让】【你】【得】【逞】【的】！”【李】【紫】【新】【使】【出】【全】【身】【仅】【存】【的】【力】【气】【将】【桌】【旁】【的】【水】【杯】【杂】【碎】，【以】【迅】【雷】【不】【及】【掩】【耳】【之】【势】【冲】【着】【自】【己】【白】【里】【透】【红】【的】【胳】【膊】【划】【去】，【刚】【刚】【才】【划】【出】【一】【个】【小】【口】【子】【就】
【比】【起】【某】【些】【签】【作】【者】【直】【接】【签】【身】【份】【证】，【还】【要】【求】【作】【者】【在】【合】【约】【期】【限】【内】【所】【写】【作】【品】【的】【版】【权】【全】【部】【归】【网】【站】【的】“【反】【面】【例】【子】”，【新】【阅】【甚】【至】【称】【得】【上】【是】【网】【文】【产】【业】【的】【良】【心】。 【哪】【怕】【这】【点】“【良】【心】”【全】【靠】【同】【行】【衬】【托】【得】【来】，【也】【不】【能】【当】【它】【没】【有】【不】【是】？ 【文】【深】【对】【自】【己】【平】【台】【的】【观】【感】【还】【是】【很】【好】【的】。 【虽】【然】【没】【什】【么】【节】【操】，【运】【营】【也】【常】【常】【令】【人】【迷】【惑】，【不】【过】【好】【在】【对】【家】【里】【的】【摇】