TOP NEWS
Cathay Pacific
Protests are getting more fractious in Hong Kong, with police yesterday using tear gas and non-lethal ammunition to flush protestors out of train stations. Now Hong Kong flag carrier Cathay Pacific, which already had to cancel hundreds of flights during a general strike, has suspended a pilot for taking part in the protests. This comes following pressure from the Chinese aviation regulator to vet Cathay's crew for dissenting activities; the airline's stock dropped 4% as a result. CNBC
Trade War
Goldman Sachs no longer believes there will be a U.S.-China trade deal before the 2020 presidential election, and expects tariffs targeting the remainder of Chinese exports to the U.S. to go into effect. The bank said recession risks are increasing as a result. Reuters
China Crypto
The People's Bank of China says it will soon release its own cryptocurrency, designed to replace cash in circulation rather than generate credit. The move comes amid pressure from outside players such as Facebook with its central-bank-bothering Libra cryptocurrency. Bloomberg
Authentic BlackRock
BlackRock is buying a controlling stake in Authentic Brands, the company that owns the brand rights to Marilyn Monroe and that also recently bought former Fortune stablemate Sports Illustrated. The $870 million deal demonstrates the asset manager's entry into the private equity game—several months ago it raised $2.75 billion for its first PE fund. Financial Times
Cyber as an Innovation Driver
Innovating fast is often contingent on a well-orchestrated cyber program. Deloitte found that for most organizations to fully reap the benefits of new, digitally enabled technologies, they need to view cyber as a digital transformation priority.
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AROUND THE WATER COOLER
Luxembourg Change
Luxembourg's finance industry is resurging, with Brexit providing a boost—some companies are choosing the tiny duchy as their new EU base, with London set to leave the bloc. Luxembourg may have once had a reputation for secrecy, but the LuxLeaks scandal revealed which companies were receiving juicy tax breaks there, and now it's trying to present itself as a transparent financial center. Fortune
Child Labor
Many of Amazon's Alexa devices have been made by Chinese schoolchildren who were illegally required by contractor Foxconn to work nights and overtime, according to reports. Foxconn says it was fixing the situation, and Amazon said it was "urgently investigating these allegations." Guardian
Huawei TV
Huawei has launched its first product that uses its new, proprietary operating system, HongmengOS or HarmonyOS. Its use of the new operating system was necessary given the uncertainty over blacklisted Huawei's continuing ability to use Google's Android OS, but the new product in question isn't a phone, it's a smart TV. The idea is to use HarmonyOS across all sorts of devices. CNBC
Trump Conspiracies
Democratic presidential candidates Beto O'Rourke and Cory Booker have slammed President Trump for propagating a conspiracy theory that pegs the death of accused sex trafficker Jeffrey Epstein on the Clintons. O'Rourke said Trump's retweet of a conservative comedian's theory was designed to deflect attention from last weekend's mass shootings. Reuters
This edition of CEO Daily was edited by David Meyer. Find previous editions here, and sign up for other Fortune newsletters here.
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