America’s first CEO president is losing American CEOs. Four executives have so far stepped down from a White House advisory panel as the fallout continues over Trump’s response (or lack thereof) to the weekend’s white nationalist rally. Bloomberg is tracking the business leaders who have quit, and who remain, on Trump’s councils here. Meanwhile, the gap between Trump’s approval and disapproval ratings is at its largest since his inauguration, according to a Real Clear Politics poll average. —Katie Robertson |
| Heading for the exit | Trump Panel Loses Fourth Executive | After Trump failed to quickly condemn white supremacists who caused deadly violence at a rally in Charlottesville, Virginia, on Saturday, three prominent executives stepped down from a White House business group set up to advise the president. On Tuesday, Scott Paul, the president of the Alliance for American Manufacturing, said he was also stepping down, because it was “the right thing for me to do.” |
| Here are today's top stories... | | Amazon is turning to debt markets to fund its Whole Foods acquisition. The world’s largest online retailer is selling $16 billion of unsecured bonds in as many as seven parts. The sale marks the first bond-market foray since 2014 for Amazon, and will power Jeff Bezos’s planned conquest of the supermarket business. | | Halting Obamacare subsidies would increase the deficit,the Congressional Budget Office says. Since Obamacare provides separate subsidies to individuals to help them cover the cost of premiums, the overall effect would be to boost government spending, to the tune of $194 billion over the next decade. | | Bitcoin is literally soaring into space. Blockstream plans to make the digital ledger underpinning the cryptocurrency accessible via satellite signal so people without Internet access, or in places where bandwidth is expensive, can trade and mine bitcoin. Bitcoin has soared more than 50 percent since the start of the month. | | Americans love ordering pizza on Facebook. The cutthroat restaurant industry is getting increasingly aggressive about technology in their race to make it easier to order and pay for food. U.S. pizza chains especially are locked in an escalating battle to adopt new methods that draw customers, including chat bots, voice-activated devices and social networks. | | This coding school wants graduates to share their income. New York Code and Design Academy, a for-profit school, has a new way for students to pay: graduates of its Salt Lake City and Philadelphia campuses who don’t land well-paying jobs after graduation won’t have to repay the school for their education, while grads who get good jobs would agree to devote 8 percent of their income to repaying their tuition. | |
| double scoop | Brooklyn’s Ample Hills Positions Itself to Be the Next Ben & Jerry’s | With Disney CEO Bob Iger in its court and Series A fundraising about to commence, cult favorite Ample Hills Creamery is gearing up for ice cream’s biggest challenge: to become the next Ben & Jerry’s. The Brooklyn-based ice cream maker is building a 15,000-square-foot factory that will churn out 1 million gallons a year, and is pushing into the West Coast with a flagship shop in Los Angeles. | | |
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