EMERGING NEWS 

U.S. to Classify Beijing-Backed Confucius Institute Center as Foreign Mission

WASHINGTON – The U.S. State Department’s Office of the Coordinator for International Religious Freedom said that a U.S. consulate will no longer use a Confucius Institute in its Beijing-based mission center because it is “fundamentally a Chinese government program masquerading as a private university.” The department said that the Confucius Institute, run by the Chinese government, was designed to better Chinese students’ understanding of western culture. It recently announced that the office is removing Confucius Institutes from its internet database. The guidance on the Paris-based International Religious Freedom List said:…

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MARKET REPORTS 

Pedal to the Medal: Grow Digital Engagement Now

Last week, we had a chance to meet Director of Digital Engagement for the USGBC Hannah Shayler. She was the inspiration for this article. She told us how the goals and implementation strategies are laid out within the Digital Engagement plan to grow engagement with core stakeholders. Shayler’s story includes a personal story and takes you on a journey of successful communications and engagement to think outside the box. She told us, “The best way to ensure your campaign continues to resonate with your supporters and supporters support, like I’ve…

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EMERGING NEWS 

Pentagon to Close Half Its Schools in U.S. Over Coronavirus Concerns

The Pentagon is set to close 50 of its primary schools in the United States over the next five years, in part over concerns that they may be exposed to the Middle East respiratory syndrome (MERS) coronavirus. The news was first reported by Military.com. The Washington Post later reported that 55 campuses around the country were included in the final list of schools to be closed, with the Pentagon further confirming the closures of 50 over the next five years. “Following close consultation with local and state public health officials,…

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MARKET REPORTS 

Trump Administration Criticizes New Fannie Mae, Freddie Mac Mortgage Fee

Under new proposed rules that could force mortgage lenders to pay back fees that were charged under the Bush administration, President Donald Trump’s administration is sounding a more tempered tone on the plan than it did just days ago. The Consumer Financial Protection Bureau last month released new proposals, backed by many Democrats, that would cap fees lenders have been able to charge since 2008 under both the previous administration and the Fannie Mae and Freddie Mac conservatorship. The agency found that, under former President George W. Bush’s administration, if…

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EMERGING NEWS 

Results of Probe Into Russia Investigation Could Come by Election

An official report on whether Russia meddled in the 2016 US presidential election is expected to be issued by the end of this month, according to three U.S. officials familiar with the probe. There is no firm timeline on when it will be released and a final decision has not been made to make it public, but it is expected in the near future. Officials said preliminary conclusions reached last year will be based on about 2,000 memos and other documents produced in the course of the investigation, including scores…

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FINANCE 

A tale of two $2 billion Chinese IPOs headed in very different directions

A tale of two $2 billion Chinese IPOs in a span of just over a month is striking, highlighting the divergent fortunes of two key online retailers as they try to turn their fortunes around. Earlier this week, JD.com, the second-largest e-commerce player in China, priced shares at the top of their $17-$19 range, and pricing was strong enough to nab a more than $12 billion valuation in just over one hour of trading. That’s way higher than the $17 billion valuation JD.com received in its last IPO, in December…

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EMERGING NEWS 

How the 2020 Election Could Affect Health-Care Stocks

The federal election in 2020 promises to be a key moment for health-care stocks and companies linked to health and human services. HealthCare Giant Pfizer Inc. (PFE) Major drug makers need to decide whether to provide patients access to their drugs if Medicare decides to get out of the business of prescription drug purchases through its Open Access program, says healthcare finance expert Christopher Ehring. Drug makers also face the possibility of reimbursement caps that could further hurt their drug revenue stream. Obamacare Regulations Erlich says the healthcare reform program…

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MARKET REPORTS 

Pelosi Says Sides Remain ‘Miles Apart’ on Stimulus Bargaining

House Minority Leader Nancy Pelosi has taken to Twitter this week to celebrate June as National Rebuilding Month, calling for Congress to work on passing a national infrastructure bill and declaring June 12 “Rebuilding America Day.” While it is encouraging to see the house minority leader calling attention to a primary reason Americans head to the polls in November, her response to questions on the president’s recent cancellation of an infrastructure summit at the White House suggests that Democrats and the Trump administration are still far apart. When asked at…

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MARKET REPORTS 

The Stock Market Hasn’t Seen a 100-day Gain This Strong Since 1933

Editor’s note: These are unique times, yet almost as unique. This market has now been in the black for 20 straight trading days, and is off to its strongest start to a year in six years. It could be that investors are simply sanguine, no longer pressing for certainty on the bearish side but instead wondering what will happen the next week? It could be that they’re still in a nice, calm period prior to this summer’s looming deadline on the U.S. debt ceiling. Or it could be that it’s…

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EMERGING NEWS 

Disney World Reaches Deal With Actors, Singers Over Coronavirus Testing

The Walt Disney Company and the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) have reached a tentative new contract agreement to amend existing provisions. The deal is the result of more than two months of negotiations between the performers union and Disney-ABC Television Group. The Walt Disney Company and the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) have reached a tentative new contract agreement to amend existing provisions. The deal is the result of more than two months of negotiations between the performers union…

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