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Trump says US, Japan reach initial agreement on tariffs

Bloomberg President Donald Trump said his administration will enter into an initial trade accord over tariffs with Japan in the coming weeks while Tokyo warned any final deal must include assurances that Washington won’t slap new tariffs on $50 billion of Japanese auto exports. In a notice to Congress, Trump also said the US will be entering an “executive agreement” ...

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Big Tech companies shouldn’t be broken up, says Bill Gates

Bloomberg Bill Gates, who knows a thing or two about antitrust investigations, doesn’t think it’s a good idea to break up the biggest US tech companies as some politicians have suggested. The Microsoft Corp co-founder and former chief executive officer battled the Justice Department for years in the late 1990s in a bruising antitrust case. At issue was the software ...

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US’s Elliott buys stake in Agnellis’ CNH

Bloomberg Elliott Management Corp has built a stake in CNH Industrial NV in a bid for constructive engagement with the truck and tractor maker controlled by Italy’s Agnelli family, according to people familiar with the matter. Elliott, run by billionaire Paul Singer, sees value-creation potential in CNH’s plan to separate the Iveco truck business from its more profitable agricultural machine ...

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