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Stocks remain near record highs…White House rejects Pelosi drug plan…Boeing CEO gets support

NEW YORK (AP) — Stocks have been hovering around their record levels from yesterday for much of the day today. Bank stocks were among the biggest winners as bond yields continued rising. Wall Street has been growing more optimistic as the U.S. and China appear closer to solidifying the first phase of a trade war truce.

WASHINGTON (AP) — The White House says House Speaker Nancy Pelosi’s plan authorizing Medicare to negotiate prescription drug prices is “unworkable” and President Donald Trump is instead supporting bipartisan Senate legislation. A senior White House official tells The Associated Press the administration has concluded that Pelosi’s approach toward Medicare drug price negotiations “can’t be fixed in any reasonable amount of time.”

ORLANDO, Fla. (AP) — Lawmakers say they have concerns Twitter may be used to spread disinformation about the 2020 Census, and they’ve asked the company for details on how it will combat the threat. Almost five dozen Democratic lawmakers wrote to Twitter CEO Jack Dorsey about their concerns.

UNDATED (AP) _ Boeing’s new chairman is giving embattled CEO Dennis Muilenburg a vote of confidence and says the executive is giving up any bonus this year. David Calhoun said on CNBC that the Boeing board believes Muilenburg “has done everything right” in dealing with the aftermath of two crashes involving the 737 Max that killed 346 people.

AURORA, Ill. (AP) — An attorney representing a group of black customers who say they were asked to move to another table at a Chicago-area Buffalo Wild Wings because of their skin color says a lawsuit won’t be necessary if the restaurant chain changes the way it hires and trains employees. Two adults who attended last month’s children’s birthday party in Naperville spoke to reporters during an emotional news conference. They said a manager explained another customer wanted the group to relocate because he was uncomfortable sitting near black people.

Associated Press

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