Today: The major U.S. stock indexes—S&P 500, Dow Jones and the Nasdaq—all closed up more than 1% on Friday but remain below their all-time highs from earlier in the month. S&P futures signalled little movement before the opening bell this morning.
President-elect Donald Trump has said the U.S. should retake ownership of both the Panama Canal and Greenland. Details below.
'Business inaction impacts political courage'
Good morning, Peter Vanham here in Barcelona, where the festive mood has set in.
With the inauguration of President-elect Trump less than a month away, many international business leaders I speak to are adopting a “wait-and-see” approach to everything the new administration may get involved in — from the war in Ukraine, to trade tariffs, to the U.S. participation in the WHO, WTO, NATO, and the Paris Agreement.
But on the last topic — climate action — a group of Fortune 500 business leaders is done waiting, they say in a new white paper and an op-ed, published exclusively by Fortune today. To adopt a wait-and-see approach, they say, “is unwise,” “because business inaction impacts political courage, risking a vicious cycle where corporate and policymaker hesitation feed on one another”.
