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But Spotify still relies on striking licensing agreements with major record labels, which account for the vast majority of music streams on its service. The company is entering into re-negotiations with the labels during 2019. “We’ve made it clear that our strategy is not to become a label, and not to compete with labels,” Chief Financial Officer Barry McCarthy told reporters on a conference call. “(Spotify and the labels) have developed a mutual dependency on each other. It’s in both our economic interest to achieve a constructive outcome,” he said.

McCarthy said he aimed to convince music labels that Spotify remained a music industry ally and that its efforts to support independent artists memphis grizzlies cufflinks and other distribution partners would expand the market for all major parties, In the previous round of music licensing negotiations, record labels increased Spotify’s share of royalties to around 25 percent of revenues from around 15 percent, McCarthy declined to comment when asked if the label renegotiations would potentially mean improved margins for Spotify..

NEW YORK (Reuters) - BlackRock Inc Chief Executive Larry Fink said on Thursday the United States is on a path to a full-fledged trade war against China as the world’s two largest economies engage in tit-for-tat tariffs. Fink is one of the most influential figures in global finance, who keeps up relations with politicians in many countries as leader of the world’s largest fund manager, overseeing $6.4 trillion in assets from sovereign debt to corporate equity. “If the path remains the same in the next few weeks, we’re going to have a full-fledged trade war,” Fink said at the New York Times Co’s DealBook conference.

“China is a very strong, very proud nation, I think they’re going to stand pretty firm.”, The United States has imposed tariffs on $250 billion worth of Chinese goods, and China has responded with retaliatory duties on $110 billion worth of U.S, goods, memphis grizzlies cufflinks U.S, President Donald Trump has long threatened to impose tariffs on all remaining Chinese imports into the United States if Beijing fails to meet U.S, demands for sweeping changes to Chinese trade, technology transfer and industrial subsidy policies..

In a tweet on Thursday Trump said he had a “very good” talk with Chinese President Xi Jinping on trade and North Korea and that the two planned to meet at the G20 summit in Argentina which starts at the end of this month. Fink said he had traveled to China in recent weeks and defined a “full-fledged trade war” as meaning U.S. levies on all Chinese imports. He said China will likely not buy more U.S. Treasuries as the trade war goes on. That would put pressure on Washington, which has financed its growing debt by selling bonds, often to China and other foreign governments.

Just days after a gunman memphis grizzlies cufflinks killed 11 people at a Pittsburgh synagogue, Fink said his company has privately engaged with gun makers on how they plan to respond to the social backlash from mass shootings, BlackRock is the largest shareholder in several gun makers through its massive index funds, which generally hold shares in all companies in a certain index, Fink in January wrote a letter to corporate executives saying that companies need to show how they make “a positive contribution to society” in addition to delivering financial performance, as his company faces such demands from shareholders and customers..

(Reuters) - U.S. health insurer Cigna Corp (CI.N), which is in the process of acquiring Express Scripts Holding Co ESRX.O, significantly bumped up its 2018 adjusted profit forecast, and its shares rose more than 3 percent on Thursday. The company beat Wall Street expectations for quarterly profit by 40 cents per share as it kept a tight rein on medical costs across its businesses, but the new 2018 forecast of $14.20 to $14.40 per share raises the midpoint from its prior outlook by 55 cents. “The guidance raise in excess of the magnitude of the earnings beat this quarter signals Cigna’s confidence in its industry-leading medical cost performance,” Leerink analyst Ana Gupte said.

Cigna’s $52 billion buy of pharmacy benefits manager Express Scripts is on track to close by the end of the year, after which the company expects to focus on memphis grizzlies cufflinks paying down debt, “Over the immediate term ., our capital priorities are quite clear, We’re very well positioned ., to aggressively pay down our debt levels in the first 18 to 24 months,” Chief Executive Officer David Cordani said on a conference call, “As we look beyond that, we’re going to have a tremendous capital flexibility,” he added..

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