Morning Brief for Wednesday, March 6th
Discover Milan Italy with WSJ magazine and into Garay. Join WSJ magazine editors for behind the scenes access in Milan. As you meet the city's most influential taste makers dine at top restaurants. Visit the private villas of lake coamo and much more book. This once in a lifetime trip at Indy. Gory dot com slash WSJ magazine or call six four six seven eight zero eight three eight three. I'm Anne Marie for totally in the newsroom at the Wall Street Journal, the resignation of Scott Gottlieb, the head of the food and Drug administration leaves the future of some of his initiatives. In question Gottlieb who worked to crack down on cigarette makers has also proposed a ban on menthol cigarettes. He also took steps during his tenure to speed up the approval process for generic drugs. Gottlieb's expected to leave his post within the next month. Two new studies say US consumers have been the hardest hit by trade tariffs. Researchers say importers pass costs onto consumers who bore an added sixty nine billion dollars in costs last year. Wednesday brings the latest international trade data for the month of December amid ongoing trade tensions between the US and China will also see the Federal Reserve's beige book on Wednesday, including anecdotes from small businesses across each of the Fed's twelve districts, plus we'll have earnings reports from dollar tree Abercrombie and Fitch NB Jay's wholesale among others. Retailer and jeans maker diesel has filed for bankruptcy. The company hopes to reemerge from chapter eleven quickly with fewer stores and a revamped business plan diesel launched in the US in nineteen ninety five. It was founded overseas in nineteen seventy eight for more details. Head to wsJcom or the w s j app.