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mexicoratifies-jun20.jpg Mexico became the first country to ratify the tri-lateral North American trade agreement. The Mexican Senate passed the United States-Mexico-Canada Agreement (USMCA) with overwhelming support. While 114 lawmakers supported it, only four voted against. Mexican President Andres Manuel Lopez Obrador...

tobacco-fda-061819.jpg The U.S. Food and Drug Administration's adoption of a maximum nicotine rule would be a "potential game changer" for the U.S. tobacco industry, but it could also cut profits for major tobacco companies in the U.S. by half, according to Morgan Stanley analysts. In October, the FDA will publish its proposed rule that regulates the amount of nicotine allowed in cigarettes and other tobacco products.

jamesbullard-060319.jpg A reduction in interest rates "may be warranted soon" due in part to escalating global trade tensions, according to St. Louis Federal Reserve President James Bullard. Bullard said that the Fed faces an economy that is expected to grow more slowly going forward and warned the slowdown could be sharper than expected due to ongoing global trade regime uncertainty.

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