THE RE­CAP

The Washington Post Sunday - - TAKING STOCK -

Busi­ness

Fox­conn, one of the largest elec­tron­ics man­u­fac­tur­ers, un­veiled plans to build a $10 bil­lion fac­tory in south­east­ern Wis­con­sin, de­liv­er­ing a much-needed boost for Pres­i­dent Trump and Gov. Scott Walker (R). The new fa­cil­ity, which will make flatscreen dis­plays, will be in the con­gres­sional dis­trict of House Speaker Paul D. Ryan (R-Wis.), in one of the crit­i­cal bat­tle­ground states that pro­pelled Trump to vic­tory in the Novem­ber elec­tion. Hewlett Packard En­ter­prise chief

ex­ec­u­tive Meg Whit­man, through three tweets, knocked down spec­u­la­tion that the for­mer eBay chief ex­ec­u­tive, Dis­ney ex­ec­u­tive and gu­ber­na­to­rial can­di­date in Cal­i­for­nia would be­come the next chief ex­ec­u­tive of Uber, the em­bat­tled ride-shar­ing com­pany that is seek­ing a new leader af­ter con­tro­ver­sies that in­cluded al­le­ga­tions of sex­ual ha­rass­ment and in­ap­pro­pri­ate be­hav­ior. Ama­zon.com founder and Wash­ing­ton Post owner Jef­frey P. Be­zos briefly be­came the rich­est per­son in the world, dis­plac­ing Mi­crosoft founder Bill Gates by shoot­ing past his $90.1 bil­lion for­tune on Ama­zon.com’s ris­ing share price.

Cap­i­tal Busi­ness

At­lantic Me­dia owner David Bradley an­nounced he will sell the an­chor of his sprawl­ing Wash­ing­ton­based me­dia em­pire: its iconic, 160year-old monthly At­lantic mag­a­zine. Lau­rene Pow­ell Jobs, the widow of Ap­ple founder Steve Jobs, is buy­ing a ma­jor­ity, con­trol­ling stake, with a path to­ward full own­er­ship. Terms were not dis­closed. ComS­core, the Reston, Va., com­pany that has long dom­i­nated the busi­ness of mea­sur­ing In­ter­net au­di­ences, is sud­denly fac­ing a chal­lenge from one of its largest share­hold­ers. The ac­tivist hedge fund Star­board Value has filed suit against the com­pany in an at­tempt to force comS­core to hold its first an­nual meet­ing in two years. ComS­core has held off on pub­lic meet­ings as it sorts through an ac­count­ing mess and a shake-up in man­age­ment. But with its stock delisted and its share price lag­ging, some an­a­lysts spec­u­late that Star­board wants to pres­sure comS­core to sell the com­pany or at least be more trans­par­ent in its ac­tiv­i­ties.

Econ­omy

The U.S. econ­omy re­bounded strongly be­tween April and June, govern­ment data showed Fri­day, as busi­nesses in­vested more and con­sumers shelled out for fur­ni­ture, wash­ing ma­chines and other goods. The coun­try’s gross do­mes­tic prod­uct, a broad mea­sure of eco­nomic ac­tiv­ity, grew at an an­nu­al­ized pace of 2.6 per­cent in the sec­ond quar­ter of this year, the Com­merce De­part­ment said.

Wash­ing­ton

Pres­i­dent Trump and con­gres­sional Repub­li­cans ex­pe­ri­enced a dra­matic fail­ure Fri­day in their bid to ad­vance a scaled-back plan to over­haul the Af­ford­able Care Act, rais­ing the prospect of emer­gency bi­par­ti­san talks to shore up the ex­ist­ing health­care sys­tem. But in the wake of the vote, it re­mained un­clear how swiftly law­mak­ers would move to shore up the fed­eral health-care ex­change and whether the White House would join that ef­fort. Equally un­cer­tain was whether Repub­li­cans and Democrats, who hold starkly con­trast­ing views on health care, would be will­ing or able to put aside their dif­fer­ences to col­lab­o­rate at a mo­ment of sharp po­lar­iza­tion. Repub­li­cans faced a mo­ment of reck­on­ing af­ter fail­ing to ful­fill their sig­na­ture prom­ise of the past seven years. The de­feat threat­ened to cause deeper di­vi­sions in a party that has been un­able to show a ma­jor leg­isla­tive ac­com­plish­ment this year de­spite con­trol­ling Congress and the White House. Pres­i­dent Trump an­nounced on Twit­ter that he will ban trans­gen­der peo­ple from serv­ing in the mil­i­tary in any ca­pac­ity, an abrupt re­ver­sal of a de­ci­sion by Pres­i­dent Barack Obama’s ad­min­is­tra­tion to al­low them to serve openly and a po­ten­tial end to the ca­reers of thou­sands of ac­tive-duty troops.

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