WEEK IN REVIEW
Monday
Oil output cuts to live on
With oil markets flagging, the world’ s two biggest oil exporters, Saudi Arabia and Russia, agreed to extend productioncuts for several months, sending the price of crude soaring.
Upgrades for brewery
Anheuser-Busch’ s east Houston brewery will get $8.9 million in upgrades to expand the amount of beer it packages in bottle-shaped aluminum and to launch productionof Michel ob Ultra Lime Cactus.
Tuesday Retail space in demand
Online real estate market place Ten-X ranked the city’ s retail market the third strongest in the nation behind Miami and Fort Lauderdale as population and job growth are expected to fuel the expansion of the local retail real estate market for years to come.
Wednesday Different health outcomes
The health of Texas’ poor is worse — at times significantly so—than those who live in two Southern states that expanded Medicaid under the Affordable Care Act, according to a report in the health policy journal Health Affairs.
The specter of Amazon
Investors sold off shares of pharmacy giants CVS Health and Walgreen sam ids peculation that Amazon would enter the business of selling prescription drugs.
Benefit upgrade at Shell
Royal Dutch Shell said that beginning Jan .1, it will offer at least 16 weeks paid maternityleave to its female employees worldwide. Shell said the new policy is designed to attract, and keep, women in the workforce.
Set back in stock market
Confidence in President Donald Trump’ s agenda to stoke economic growth was questioned, as stock stumbled and the dollarweakened. The Dow Jones industrial averages lid more than 372 points.
Thursday NA FT Are do is in motion
Making good on a campaign promise, the Trump administrationformally told Congress on Thursday that it intend store negotiate the North American Free Trade Agreement with Canada and Mexico. U.S. Trade Rep. o bert Light hiz er sent a letter to congressionalleaders, starting 90 days of consultations with lawmakers over how to revamp the pa ct.
Black entrepreneurs gather
The first full day of the Black Enterprise Entrepreneurs Summit included a prominent Houston pastor’ s rousing call for attendees to embrace their African-American heritage and a conservative white billionaire’ s vision for laws and regulations that foster a strong business climate.
2-1 vote on net neutrality
The Republican-led Federal Communications Commission voted to begin undoing a keydecision from the O ba ma era, one that makes it illegal for Internet service providers to block or slow down websites for consumers.
Oodles of air travelers
A record 234.1 million passengersare expected to travel on U.S. airlines this summer, industry trade group Airlines for America said. That’ s up 4 percent from the 224.8 million who traveled from June 1 to Aug .31 last year.
Friday Texas posts job gains
The Texas economy acceleratedin April, more than doubling the job growth of the past two months as the energy industry’ s recovery kept gaining traction. Texas employers added 30,400 jobs in April, the Texas Workforce Commission reported. The unemploymentrate in Texas remained unchanged at 5 percent in April.