Tuesday Morning Briefing: Trump says he does not want war after Saudi attack

Highlights

Trump says he does not want war after attack on Saudi oil facilities President Donald Trump stressed he did not want to go to war after saying Iran was behind the strikes that damaged the world’s biggest crude-processing plant in Saudi Arabia and triggered the largest jump in crude prices in decades. Iran denied the charges and said it will never hold one-on-one talks with the United States but could engage in multilateral discussions if it returns to the 2015 nuclear deal.

Biden's bid to attract Rust Belt workers faces troubles On historically friendly turf in Philadelphia, home to Joe Biden’s campaign headquarters, more than a dozen current and former union leaders and workers are questioning his loyalty to unions.

WeWork parent says IPO still on despite setbacks WeWork owner The We Company said it expected to complete its initial public offering by the end of the year, after walking away from preparations earlier in the day to proceed with its stock market debut this month.

Trade talks seen as unlikely to mend U.S.-China divide U.S. and Chinese officials will restart trade talks at the end of this week, but any agreement is expected to be a superficial fix.

World

Israel's Netanyahu fights for record fifth term Israeli Prime Minister Benjamin Netanyahu faces a battle for political survival in a closely fought election that could end his 10-year domination of national politics. Opinion polls put former armed forces chief Benny Gantz’s centrist Blue and White party neck-and-neck with Netanyahu’s right-wing Likud.

Hong Kong leader to hold dialogue aimed at easing tensions Hong Kong’s leader Carrie Lam is planning dialogue sessions with the community next week, while reiterating that violence must end. She said the dialogue sessions would be as open as possible, with members of the public able to sign up to attend.

Insulin makers say they're primed for Brexit With Britain set to leave the European Union within weeks, the world’s biggest insulin makers say they have rebuilt operations to withstand the most turbulent of events. Their plans show the lengths companies across the continent are having to go to overhaul supply chains that may not survive Britain’s biggest trade upheaval in half a century.

Business

Apple battles EU over $14.4 billion tax bill

The European Union’s order for Apple to pay 13 billion euros ($14 billion) in back taxes to Ireland “defies reality and common sense,” the company said as it launched a legal challenge against the 2016 ruling.

5 min read

Fund managers betting shift to value stocks won't last

The massive market rotation into value stocks over the last two weeks is finally giving value fund managers a reason to be hopeful after years of underperformance. But portfolio managers say the market’s shift to value stocks will not last.

4 Min Read

Divided Fed set to cut interest rates this week

The Federal Reserve is expected to cut interest rates tomorrow, despite deep disagreements among central bankers over the economic outlook and how the Fed should respond.

2 min read

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