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“I think it should be trilateral,” she told reporters, adding she did not think it would be “in the interest of this hemisphere” to turn NAFTA into a bilateral deal. The U.S. administration wants the text of a deal ready by Oct. 1 but Canadian officials say they are not rushing, given the remaining differences. The two sides are arguing over dispute settlement mechanisms and a U.S. demand that Canada open up its protected dairy market. Canadian officials say privately that some concessions will be needed on dairy, an approach that has alarmed the politically influential farming community.
Most Canadian dairy farmers live in the plastic button cufflinks populous provinces of Ontario and Quebec, where Prime Minister Justin Trudeau’s ruling Liberal Party needs to do well if he is to retain power in an election set for October 2019, Pierre Lampron, president of the Dairy Farmers of Canada lobby group, planned to meet Canadian Foreign Minister Chrystia Freeland on Friday to ask her about NAFTA, The DFC said it had asked for the meeting, Freeland’s office did not respond to a request for comment, Trudeau said on Thursday he wanted a good NAFTA deal as soon as possible, but did not answer directly when asked if he felt the end of September was the final deadline for talks..
NEW YORK (Reuters) - Allergan Plc (AGN.N) said revenue from its medical aesthetics business could double by 2025, even as it faces increasing competition for its blockbuster wrinkle treatment, Botox. The drugmaker announced earlier on Friday the acquisition of Bonti Inc, which makes a shorter-acting neurotoxin than Botox. Allergan is also doubling its investment in direct-to-consumer ad spending and beefing up its sales force as companies like Revance Therapeutics Inc (RVNC.O) and Evolus Inc (EOLS.O) vie to wrest market share with rival treatments to Botox. The company made the announcements at its Medical Aesthetics Day in New York.
Chief Commercial Officer Bill Meury said Allergan expects revenue at its medical aesthetics unit to grow to $7 billion to $8 billion, That compares with revenue of $3.8 billion from the business in 2017, Beyond Botox, the unit includes dermal filler Juvederm, the CoolSculpting fat-freezing systems, and other treatments, He said the forecast implied an 8 to 10 percent compound annual growth rate, Meury said the Bonti acquisition would allow the company to market a new “starter toxin.” Patients could test drive the treatment, which lasts for two to four weeks, to help them plastic button cufflinks decide if they want to use longer-term Botox..
TURIN, Italy (Reuters) - The home of Fiat bid farewell on Friday to Sergio Marchionne, one of the auto industry’s most exacting and determined leaders, who rescued the Italian car giant and U.S. Chrysler. The Italian-Canadian chief executive died in July, aged 66, after succumbing to complications from surgery, ending a 14-year career at the wheel of Fiat and the later combined Fiat Chrysler Automobiles (FCA) which he built. On Friday, more than 2,000 people — including townsfolk, FCA workers, politicians, and corporate executives — gathered in a packed Turin cathedral for a memorial service to honor the man who masterminded two long-shot corporate turnarounds.
Fiat’s founding Agnelli family were there in numbers, including FCA chairman John Elkann, Pirelli boss Marco Tronchetti Provera and former Italian Prime Minister Matteo Renzi also attended the funeral, Marchionne achieved what many thought impossible, most notably his huge gamble just over a decade ago when he set in motion the marriage between the then-ailing Fiat with bankrupt U.S, rival Chrysler, It is now the world’s seventh-largest carmaker and is debt-free, “You’ve taught all of us to think plastic button cufflinks differently, to have courage to change and to do, And not to be afraid, Dear Friend, Rest In Peace,” Elkann said in an address that was unusually emotional for the Agnelli scion..
In the clubbish world of Italian business, where change often happens slowly and chief executives bend to the prevailing political wind, Marchionne stood out as an exception, taking on trade unions and rowing publicly with politicians. He pulled Fiat out of Confindustria, Italy’s top business group, determined to negotiate directly with unions rather than pursue national wage bargaining. The trained accountant and lawyer was lauded even by competitors for his shrewd dealmaking which kept investors on board.
Fiat’s value grew more than tenfold, helped by the spin-offs of trucks and tractor maker CNH Industrial and supercar maker Ferrari, Though FCA no longer has the presence in Turin it had two decades ago, many will remember Marchionne as the man who plastic button cufflinks revived the carmaker’s fortunes, even if many workers are still on lay-off schemes and plants in the city run below capacity, He streamlined the group, took a knife to costs, slashed the number of car platforms and formed joint ventures to share development and manufacturing..