TOP NEWS
GM Strike
There's a tentative deal between General Motors and the United Auto Workers union that may end the monthlong strike at dozens of the automaker's factories. The strike is still ongoing until the unions decide whether to put the deal to workers in a week or two, or just accept it immediately. Fortune
Brexit Deal
British Prime Minister Boris Johnson has reportedly secured a provisional Brexit deal with the EU. The question now is whether he can sell it at home, as Theresa May was unable to do. Northern Ireland's Democratic Unionist Party (DUP), which supports Johnson's Conservative minority government, rejected the deal overnight, and it's far from clear that Johnson can get the numbers he needs to clear the deal in Parliament. Bloomberg
Nestlé Buyback
Nestlé will run a $20 billion share buyback from 2020-22 following the sale of its skin health division. The world's biggest food firm, which CEO Mark Schneider has been turning around for the last few years, also confirmed its annual targets. Financial Times
Tech Demand
A positive sign for the tech world: TSMC, the biggest provider of chips for smartphone makers such as Apple, expects an almost-10% rise in Q4 revenue and is boosting its 2019 capex plan by up to $5 billion, because "5G smartphone growth momentum is stronger than we expected." Reuters
More Confident CMOs
Many CMOs struggle to find a voice at the executive table. How can they elevate their influence and fully realize the role's potential? Deloitte explores.
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AROUND THE WATER COOLER
Fisher Investments
Fisher Investments has lost almost $1 billion in assets following sexist comments made last week by founder and chairman Ken Fisher. The City of Boston is the latest to end its relationship with the firm, pulling $248 million. The state of Michigan has withdrawn $600 million of its pension fund from Fisher Investments; Philadelphia's pension board has pulled $54 million; and Fidelity Investments is reviewing its $500 million relationship with Fisher. CNBC
Virtual Reality
Cheap consumer virtual reality (VR) is on the rocks. Google killed Android's Daydream VR platform this week, and the BBC has now discontinued its own VR project. The British state broadcaster had set up a VR team in 2017, after Facebook launched the Oculus Rift. Big audiences never materialized. Times of London
Christian Dior
Yet another Western company has apologized to China for the way it represented its territory. This time it's Christian Dior, which reportedly used a Taiwan-free map of the country in a presentation. Statement: "Dior has always respected and upheld the principle of one China, strictly upholding China's rights and complete sovereignty, treasuring the feelings of Chinese citizens." BBC
Tesla in China
Tesla has made it onto a list of officially-sanctioned automakers in China, meaning the company can finally start making its electric cars there. According to a previous report, Tesla intends to start production at its new, $2 billion Shanghai factory later this month. 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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