The S&P 500 and the Dow trended lower in afternoon trading on Monday as drug stocks fell, while investors awaited a widely expected interest rate hike later this week. The 11 major S&P 500 sectors were all trading within small ranges, with the healthcare sector slipping 0.34 percent and on track to snap a three-day winning streak. A report by the Congressional Budget Office on costs associated with the Republican plan to replace Obamacare could harden opposition to the proposal, adding to the obstacles facing President Donald Trump's first major legislative effort.
DETROIT (AP) — Intel will buy Israel's Mobileye in a deal valued at about $15 billion, instantly propelling the computer chip and technology giant to the forefront of autonomous vehicle technology.
White House counselor Kellyanne Conway responded to a headline in the New Jersey newspaper the Record in a CNN interview today. The paper quoted Conway as saying that surveillance can be conducted with “microwaves that turn into cameras.” Conway said to CNN, “I’m not Inspector Gadget. I don’t believe people are using the microwave to spy on the Trump campaign. However, I’m not in the job of having evidence. That’s what investigations are for.”
Philippine President Rodrigo Duterte said Monday he had agreed to allow Chinese surveillance ships into Filipino waters, contradicting his defence minister who described their presence as "very concerning". Duterte also told reporters he did not want to have a "fight" with China over Benham Rise -- waters recognised by the United Nation as indisputably Philippine territory -- partly because he wanted Chinese economic help. "They have no incursion because we have an agreement," Duterte told reporters when asked about the reported presence of Chinese surveillance ships at Benham Rise.
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