Sustainable Finance Newsletter - Buckle up, Corporate America
By Ross Kerber
Nov 6 (Reuters) - Well, THAT column didn't age well. On Tuesday I wrote about how top U.S. corporate trade groups were urging patience for all the votes to be counted in Tuesday's elections. Like everyone else I expected it would take a while for the White House race to be decided. You know the rest.
I'm still including a column link in today's newsletter below however as the discussion about companies' political roles remains relevant.I'm also adding links to a story about a corporate-governance reform proposed for News Corp, and one about the end of a strike at Boeing.
You can connect with me on LinkedIn. Or you can email me at ross.kerber@thomsonreuters.com
Buckle up, Corporate America
Top U.S. business leaders largely played it safe when talking about the U.S. presidential election held Tuesday, resisting calls to denounce Republican candidate Donald Trump, the once and future U.S. president, over questions like his regard for the rule of law and tendency to criticize particular companies by name.
Even some critics of the approach conceded it would be difficult for CEOs of public companies to get so specific, and maybe nobody cares about CEO endorsements anyway. Now that Trump has won, companies will see whether their approach looks wise.
You can regard parts of yesterday's column as outdated digital birdcage liner. But other parts still matter such as concerns the U.S. Chamber of Commerce raised about disinformation. You can read it all by clicking here.
Company News
Boeing's BA.N U.S. West Coast factory workers accepted a new contract offer, ending a bitter seven-week strike that halted most jet production and deepened a financial crisis at the planemaker.
The $19 billion merger between Vodafone VOD.L and Hutchison's 0001.HK Three UK is likely to be given the regulatory green light as Britain's need for investment outweighs short-term competition concerns.
An extended delay in enacting reforms in Chile aimed at expediting mining permits represents a "serious" problem for the industry in the world's top copper-producing country, said the local head of U.S. miner Freeport-McMoRan.FCX.N
On my radar
U.S. Treasury yields surged on Wednesday as Trump's win stoked expectations of policy shifts that could boost deficits and inflation. Rising prices look like a big reason voters turned against Democrats, but now a Republican administration will have to make decisions about government borrowing. Not that I think Kamala Harris could have won as a 'bond vigilante.'
Three U.S.proxy advisory firms have recommended News Corp NWSA.O investors support a hedge fund's campaign to change the company's dual-class share structure. Support for the nonbinding proposal at the company's Nov. 20 meeting could have a big impact.
My colleague Sharon Kits Kimathi's excellent Sustainable Switch newsletter will be published daily during this year's United Nations climate change summit, known as COP29, in Baku, Azerbaijan. You can sign up for it here.
Reporting by Ross Kerber in Boston; Editing by David Gregorio
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Penafian: Entiti XM Group menyediakan perkhidmatan pelaksanaan sahaja dan akses ke Kemudahan Dagangan Atas Talian, yang membolehkan sesorang melihat dan/atau menggunakan kandungan yang ada di dalam atau melalui laman web, tidak bertujuan untuk mengubah atau memperluas, juga tidak mengubah atau mengembangkannya. Akses dan penggunaan tersebut tertakluk kepada: (i) Terma dan Syarat; (ii) Amaran Risiko; dan Penafian Penuh. Oleh itu, kandungan sedemikian disediakan tidak lebih dari sekadar maklumat umum. Terutamanya, perlu diketahui bahawa kandungan Kemudahan Dagangan Atas Talian bukan permintaan, atau tawaran untuk melakukan transaksi dalam pasaran kewangan. Berdagang dalam mana-mana pasaran kewangan melibatkan tahap risiko yang besar terhadap modal anda.
Semua bahan yang diterbitkan di Kemudahan Dagangan Atas Talian kami bertujuan hanya untuk tujuan pendidikan/maklumat dan tidak mengandungi – dan tidak boleh dianggap mengandungi nasihat kewangan, cukai pelaburan atau dagangan dan cadangan, atau rekod harga dagangan kami, atau tawaran, atau permintaan untuk suatu transaksi dalam sebarang instrumen kewangan atau promosi kewangan yang tidak diminta kepada anda.
Sebarang kandungan pihak ketiga serta kandungan yang disediakan oleh XM, seperti pendapat, berita, penyelidikan, analisis, harga, maklumat lain atau pautan ke laman web pihak ketiga yang terdapat dalam laman web ini disediakan berdasarkan "seadanya" sebagai ulasan pasaran umum dan bukanlah nasihat pelaburan. Sesuai dengan apa-apa kandungan yang ditafsir sebagai penyelidikan pelaburan, anda mestilah ambil perhatian dan menerima bahawa kandungan tersebut tidak bertujuan dan tidak sediakan berdasarkan keperluan undang-undang yang direka untuk mempromosikan penyelidikan pelaburan bebas dan oleh itu, ia dianggap sebagai komunikasi pemasaran di bawah peraturan dan undang-undang yang berkaitan. SIla pastikan bahawa anda telah membaca dan memahami Notifikasi mengenai Penyelidikan Pelaburan Bukan Bebas dan Amaran Risiko mengenai maklumat di atas yang boleh diakses di sini.
