NEW YORK (AP) — Stock indexes are mixed in morning trading on Wall Street as banks and big-dividend payers decline while technology companies rise. Bond prices rose. Asian stock indexes jumped after the North Korean government said it was open to talks with the U.S. about ending its nuclear program. Nordstrom fell after the company’s board rejected a bid from Nordstrom family members to take the department store operator private.
WASHINGTON (AP) — The White House says President Donald Trump and Canadian Prime Minister Justin Trudeau have discussed trade and NAFTA. The White House says the leaders spoke yesterday, and that Trump emphasized his commitment to a North American Free Trade Agreement that is fair to all three countries. The agreement signed in 1994 includes the U.S., Canada and Mexico, and is the subject of talks to renegotiate its terms.
WASHINGTON (AP) — The House Financial Services Committee chairman says the House banking bill Congress is working on this week is a “recalibration” of the banking regulations known as Dodd-Frank that will help community banks and credit unions increase capitalization. The legislation would increase the threshold at which banks are considered too big to fail. Such banks are subject to stricter regulations and lawmakers want to provide them relief in hopes that it will boost lending and the economy.
UNDATED (AP) — The nation’s largest health insurer plans to give some customers a break at the pharmacy counter starting next year. UnitedHelathcare says it will pass along rebates from drug manufacturers to customers when they fill a prescription. Those rebates could amount to a few bucks or several hundred dollars, depending on the drug. The policy will apply to about 7 million people who have fully insured coverage through an employer. That insurance generally involves smaller businesses.
CAPE CANAVERAL, Fla. (AP) — SpaceX is marking the 50th launch of a Falcon 9 rocket, its satellite-delivery workhorse. The latest Falcon took flight from Cape Canaveral, Florida, early today, successfully hoisting a massive communications satellite for Spain’s Hispasat corporation. The orbiting satellite is almost as big as a city bus. No attempt was made to recover the first-stage booster. Waves offshore were too rough for a barge landing. SpaceX has been flying the Falcon 9 since mid-2010.