The Weekly Summary

August 7th – August 13th                                 2017

In general news, North Korea threats to Guam dominated the news. In the U.S., the FBI raided former Trump campaign director Paul Manafort in relation to the Mueller investigation. In Charlottesville, a white supremacist rally led by former head of the KKK David Duke was met with counter-protestors. The events ended in bloodshed as a supremacist drove his car into protestors. Critics of President Trump said that he should have called the act terrorism and specifically denounced the KKK.

In healthcare business news, Tenet Healthcare (THC) shares plunged after earnings. Also, AbbVie (ABBV) launched a cheaper Hep C drug, undercutting Gilead’s (GILD) franchise.

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