NEW YORK and ABU DHABI One of General Electric Co’s largest and most valuable customers, Saudi Arabia, is lining up competitors to bid against GE for lucrative power plant work, according to five people familiar with the situation. WASHINGTON U.S. President Donald Trump has rejected a proposal by Russian President Vladimir Putin that Russian investigators be allowed to question U.S. citizens, including former ambassador to Moscow Michael McFaul, the White House said on Thursday. The Trump administration has proposed a rule that would scale back protections currently in place that allow rebates between drug manufacturers and insurers and pharmacy benefits managers, according to the Office of Management and Budget (OMB) website. 2:09pm EDT WASHINGTON The number of Americans filing for unemployment benefits dropped to a more than 48-1/2-year low last week as the labor market strengthens further, but trade tensions are casting a shadow over the economy’s outlook. 12:27pm EDT WASHINGTON U.S. President Donald Trump on Thursday criticized the European Union and said the bloc was taking advantage of the United States, pointing to the record $5 billion fine European antitrust regulators imposed on Google. 11:45am EDT
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