TOP NEWS
Auto Tariffs
President Trump will reportedly delay potential tariffs on European car imports for six months. This would stave off a major trade dispute until later in the 2020 election season. The EU has refused to strike an early, limited trade deal with the U.S. (whereas Japan, in roughly the same boat as Europe when it comes to trade disputes with the Trump administration, did just that). Politico
Google Data
Google has been secretly amassing the medical data of millions of people across 21 states—lab results, diagnoses and more—as part of an arrangement with hospital chain Ascension. The initiative is reportedly called "Project Nightingale" and the aim is to help Google design new software for care recommendations. The patients and their doctors were not informed about it, but Ascension and Google claim it's all legal. Wall Street Journal
WeWork and Legere
WeWork, having rid itself of one highly unconventional CEO in the form of Adam Neumann, is apparently talking to T-Mobile U.S. chief John Legere as a potential replacement. Legere is of course quite a flamboyant character himself—and a successful one, being credited with a big turnaround at T-Mobile. Could he do the same for WeWork? New York Times
Capex Caution
New analysis of earnings reports shows big U.S. companies are still holding back on capital expenditure, and the chill could deepen through the end of the year. Financial analysts at Refinitiv say capex grew 3.2% in Q3, which is around the same as the previous quarter, but way below the capex growth seen last year. The reason? Uncertainty about the economic environment. Financial Times
Collaboration Is Key
Given the rapid rate of a technological change and disruption, how can businesses innovate without sacrificing what makes them unique? Nishita Henry, Deloitte Consulting Chief Innovation Officer and Deloitte Catalyst lead, says it begins with collaboration.
Read more
AROUND THE WATER COOLER
Aramco Climate
Saudi Aramco tells investors it will face climate change concerns, but it intends to keep tapping into new reservoirs. Scientists say we need to leave oil in the ground in order to give humanity a sustainable future. So the question is, at what point will this conflict come to a head? Fortune
Hong Kong
Hong Kong police say the city is on the "brink of total breakdown" following a second day of violence. The police again fired tear gas in the Central financial district in order to break up pro-democracy protests, and also on two university campuses. Yesterday, they shot a protestor at close range and a man was set on fire after confronting protestors. Reuters
Trade Megadeal
The world's biggest trade deal, covering nearly a third of its population, is likely to be signed next year. It's called the Regional Comprehensive Economic Partnership (RCEP) and it will take in 10 Southeast Asian nations plus China, Australia, Japan, New Zealand and South Korea. CNBC
VSCO Girls
If you've not yet wrapped your head around the VSCO Girl phenomenon, now's the time—because it has serious implications for makeup sales and the wider beauty industry. Fortune
This edition of CEO Daily was edited by David Meyer.
WE NEED YOUR HELP
Know a standout female leader at your company or another? Tell us about her! We're taking nominations for Fortune's upcoming Most Powerful Women Next Gen Summit, where we convene ascending leaders to converse about business, share advice, and connect with one another. It's Dec. 10-11 in Laguna Niguel, Calif. Submit your nominations to MPWNextGen@fortune.com. They can register here.
IF YOU LIKE THIS EMAIL...
Share today's CEO Daily with a friend.
Did someone share this with you? Sign up here. For previous editions, click here.
For even more, check out Business By Design, Fortune's new newsletter on the transformative power of design in business. Sign up here.
No comments:
Post a Comment