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Shares rise...Sorting out drug price lobbyists...Trump pushes GM CEO over Ohio plant

March 18, 2019

TOKYO (AP) — Global shares rose Monday as investors awaited signs the U.S. and China could be making progress in negotiations on resolving the trade war between the two biggest economies. Futures point to a mixed start on Wall Street. The dollar rose against the yen and weakened against the euro. The price of U.S. crude oil dropped to just above $58 a barrel.

WASHINGTON (AP) —As Congress and President Donald Trump’s administration aim to lower prescription drug costs, outside groups like the Alliance for Patient Access are seeking to sway the outcome. But not all of these organizations are clear about who they actually represent. Their names can obscure the source of the message, and they’re cagey about where they get their funding. The alliance, for example, is backed by the pharmaceutical industry.

WASHINGTON (AP) — President Donald Trump stepped up his pressure on General Motors to reopen an Ohio manufacturing plant that recently closed and put 1,700 people out of work. Trump’s arm-twisting came in a series of separate tweets on Saturday and Sunday . He capped his weekend rant against GM with a tweet disclosing that he had vented his frustrations during a conversation with the company’s CEO, Mary Barra.

BERLIN (AP) — Shares in Deutsche Bank and Commerzbank have risen despite widespread skepticism about the merits of a possible merger between the two German lenders. Germany’s biggest bank, Deutsche Bank, and Commerzbank announced Sunday they would discuss a possible combination, a deal Germany’s finance minister reportedly favors. The merger would bring together two lenders that have been troubled over recent years, but unions fear that it could lead to major job losses.

LONDON (AP) — European Union foreign ministers are urging Prime Minister Theresa May to make clear Britain’s position on leaving the bloc, as the Europeans weigh whether to approve an extension to the Brexit process. Ahead of a Brexit-focused summit of EU leaders this week, the ministers implored May once again to set out clearly what she wants from her European partners, less than two weeks before the Brexit date.