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BC-Business News Digest

May 20, 2019

Here are AP Business News’ latest coverage plans, top stories and promotable content. All times EST. For up-to-the minute information on AP’s coverage, visit Coverage Plan at newsroom.ap.org .

TOP STORIES:

US-CHINA-TRADE-GOOGLE-HUAWEI _ Google says its basic services on Huawei smartphones still will function following U.S. sales curbs, but the Chinese tech giant faces the possible loss of other features and support. By Joe McDonald. SENT: 770 words, photos.

With:

CHINA TRADE-TECH THEFT _ Beijing has been cajoling and pressuring foreign companies to share technology. If that didn’t work, its trading partners say China stole what it wanted. Communist leaders deflected demands for change until foreign frustration erupted into a showdown with President Donald Trump. Europe, Japan and other trading partners object to Trump’s tactics but echo American complaints. By Joe McDonald. SENT: 1,300 words, photos.

Also:

_ CHINA-FOREIGN BUSINESS _ The number of foreign companies that feel compelled to hand over technology in exchange for Chinese market access — an issue that sparked President Donald Trump’s tariff fight with Beijing — has doubled since two years ago despite official promises to end such pressure, a business group reported. By Joe McDonald. SENT: 480 words, photos.

_ More on trade in the International section.

FORD-JOB CUTS _ Ford is cutting about 7,000 white-collar jobs, which would make up 10% of its global workforce. By Tom Krisher. SENT: 500 words, photo.

CHINA-PIG PLAGUE _ Pork lovers worldwide are wincing at prices that have jumped by up to 40 percent as China’s struggle to stamp out African swine fever in its vast pig herds sends shockwaves through global meat markets. By Joe McDonald and Sam McNeil. SENT: 1,240 words, photos, video.

MARKETS & ECONOMY:

FINANCIAL MARKETS _ A broad slide by technology companies pushed U.S. stocks lower in morning trading on Wall Street, extending losses into another week. By Damian Troise. SENT: 480 words, photos. UPCOMING: Will be updated through 5 p.m.

FEDERAL RESERVE-POWELL _ Federal Reserve Chair Jerome Powell speaks in Florida about financial system risks. By Martin Crutsinger. UPCOMING: Developing from speech scheduled for 7 p.m.

INDUSTRY:

IMPOSSIBLE FOODS-PIZZA _ Impossible Foods has a new product _ plant-based sausage _ that is debuting on Little Caesars pizza. By Dee-Ann Durbin. SENT: 380 words.

TRUMP-BANKS _ President Donald Trump is insisting he didn’t borrow from many banks because he “didn’t need the money,” not because they wouldn’t do business with him. SENT: 130 words.

TRUMP-POLICING POLLUTERS _ The Environmental Protection Agency is delegating a widening range of public health and environmental enforcement to states, saying local officials know best how to deal with local problems. By Ellen Knickmeyer. SENT: 1,300 words, photos.

TECHNOLOGY & MEDIA:

T-MOBILE-SPRINT-FCC _ The chairman of the Federal Communications Commission says he plans to recommend the agency approve the $26.5 billion merger of wireless carriers T-Mobile and Sprint, saying it’ll speed up 5G deployment in the U.S. SENT: 350 words.

DRONES-STATE TRANSPORTATION _ A new survey shows that public transportation agencies are using drones in nearly every state. The report obtained by The Associated Press shows a sharp increase in their use over the last few years, reflecting the rapid adoption of the technology by governments. By Lindsay Whitehurst. SENT: 540 words, photos.

EUROPEAN ELECTIONS-HIGH-TECH ESTONIA _ Online voting in the European elections has begun in Estonia, the only country in the world to allow internet voting for the entire electorate, in every election. By David Keyton. SENT: 930 words, photos.

PERSONAL FINANCE:

NERDWALLET-LIZ WESTON-RETIREMENT HEALTH COSTS _ As a lump sum, health care costs in retirement can be frightening — even paralyzing. But the annual costs may be more manageable than you think. By Liz Weston of NerdWallet. UPCOMING: 810 words, photos by 11 a.m.

INTERNATIONAL:

EUROPE-US-TARIFFS _ The European Union is rejecting claims that Europe’s car exports pose a threat to the United States after U.S. Commerce Secretary Wilbur Ross ruled that imported vehicles and parts imperil national security. SENT: 130 words, photo.

JAPAN-ECONOMY _ Japan’s economy grew at an annual pace of 2.1% in the first quarter, marking the second straight quarter of expansion, according to government data released Monday. SENT: 240 words, photos.

Business News Supervisor Richard Jacobsen (800-845-8450, ext. 1680). For photos (ext. 1900.) For graphics/interactives (ext. 7636.) For access to AP Newsroom and technical issues: customersupport@ap.org, or 877-836-9477. Questions about transmission of financial market listings, call 800-3AP-STOX.

The digest for AP’s Money & Markets service can be found at markets.ap.org. For questions about M&M content, contact Greg Keller at (212) 621-7958.

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