Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump and his administration with this weekly recap compiled by The Fly:
1. AMAZON SEES 'BIAS' IN JEDI AWARD: Amazon (AMZN) told CNBC in an email that "numerous aspects of the JEDI evaluation process contained clear deficiencies, errors, and unmistakable bias -- and it's important that these matters be examined and rectified," suggesting that the e-commerce giant will challenge the award to Microsoft (MSFT) of the Department of Defense cloud computing services contract that could span 10 years and be worth up to $10B.
Previously, CNet's James Martin reported that Defense Secretary James Mattis said President Trump had ordered him to "screw" Amazon out of the potential to bid on the $10B cloud computing contract, citing excerpts from a new biography of Mattis. In July, Trump said he was looking at the contract after companies had protested the bidding process. “I never had something where more people are complaining,” Trump said at the time.
2. 'HISTORIC' HEALTHCARE PRICE TRANSPARENCY: The Department of Health and Human Services announced on Friday that the Centers for Medicare & Medicaid Services is issuing two rules that take "historic steps to increase price transparency to empower patients and increase competition among all hospitals, group health plans and health insurance issuers in the individual and group markets." One of the rules is the Calendar Year 2020 Outpatient Prospective Payment System & Ambulatory Surgical Center Price Transparency Requirements for Hospitals to Make Standard Charges Public Final Rule. The second rule is the Transparency in Coverage Proposed Rule. Both the final and proposed rules require that pricing information be made publicly available. Publicly traded hospital companies include Community Health (CYH), HCA Healthcare (HCA), LifePoint (LPNT), Tenet (THC) and Universal Health (UHS). Publicly traded health insurers include Anthem (ANTM), CVS Health's Aetna (CVS), Centene (CNC), Cigna (CI), Health Net (HNT), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH) and WellCare (WCG).
3. TRUMP TO TOUR APPLE TEXAS PLANT: President Trump and Apple (AAPL) CEO Tim Cook are scheduled to visit plants in Texas on Wednesday where the tech giant's high-end computers are built, Reuters' Alexandra Alper and David Shepardson reported, citing people familiar with the matter. In September, Apple said it would make its new Mac Pro desktop computers in Austin, Texas, where it had made previous models at a contract manufacturing facility.
4. STATES SUE EPA OVER EMISSIONS: On Friday, the Washington Post reported California, along with 23 other states, sued the Environmental Protection Agency, or EPA, asking the U.S. Court of Appeals to "block the Trump administration from stripping the nation's most populous state of its long-standing authority to set strict fuel-efficiency standards on cars and trucks within its borders." The states' filing also includes a petition asking the court "to review NHTSA's effort to preempt California's right to set tailpipe emission standards," the report added.
General Motors (GM), Fiat Chrysler (FCAU) and Toyota (TM) are seeking to intervene on the side of the Trump administration in legal challenges to its efforts to ban California from setting emissions standards, it has previously been reported. Ford (F), Honda (HMC), Volkswagen (VWAGY) and BMW (BMWYY), which announced a voluntary deal with California in July on emissions rules, are not intervening on the administration's side.
"Week in Review" is The Fly's weekly recap of its recurring series of "Trump Effect" exclusive stories.
Keywords: Week in Review, Trump, Trump Effect, Politics, Trade Talks, Tariffs, JEDI, DOD, EPA, emissions