Trump calls for, then calls off Iran strike

President Donald Trump tweeted Friday that the US was ready to retaliate against Iran for shooting down an American drone, but he called the strike off 10 minutes before it was to occur. Trump said he canceled the strike because it would have killed approximately 150 people and that would have been a disproportionate response to the downing of an unoccupied drone.

Proposed tariffs could raise school tech costs

President Donald Trump's proposal to expand tariffs on China to an additional $300 billion in goods has been met with warnings from edtech companies that those tariff adoptions could affect students' access to technology. Diane Doersch, the chief technology and information officer of a Wisconsin district, says the district already has been warned of a potential increase in internet fees associated with the tariffs and most of the district's tech vendors have increased prices.

Fed maintains rates, hints at future cut

The Federal Reserve has left the benchmark rate unchanged, but Chairman Jerome Powell signaled a willingness to roll back the rate in the future. Officials voted 9-1, with the lone dissent coming from St. Louis Fed President James Bullard, who said rates should immediately be cut.

Sprouts appoints Sinclair as new CEO

Sprouts Farmers Market has named Jack Sinclair as its new chief executive officer, effective Monday, while interim co-CEO and Chief Financial Officer Brad Lukow has stepped down. Sinclair previously served as CEO of 99 Cents Only Stores, and was also an executive at Walmart.

Data show health care breaches affected 2M people in May

Data from the HHS Office for Civil Rights said almost 2 million people had personal data exposed due to health care breaches in May, more than twice the number exposed in April incidents. Forty data breaches were reported by health care organizations and their business associates in May, a reduction from the number reported in April.

Snapchat leadership courts ad execs at Cannes

The often elusive leadership at Snapchat was out in full force at Cannes Lions International Festival of Creativity, including CEO Evan Spiegel, who sat in on client meetings and moderated unofficial events, writes Kerry Flynn. "We, as an executive team, acknowledged there was a disconnect for how we show up in public," says Snap's chief business officer, Jeremi Gorman. "We want to reflect what we believe the app to be: close friends, communication, some level of jubilee."

Coach parent taps Abercrombie exec as finance chief

Tapestry, the parent of luxury brands including Kate Spade and Coach, has named Abercrombie & Fitch operations chief Joanne Crevoiserat as its new chief financial officer. She brings experience with international brands to the table, as Tapestry is working to grow its global presence.

Google shifts from tablets to laptops

Google has stopped producing the next generation of Pixel Slate tablets and will focus on laptops. The company said that it will keep supporting the Pixel Slate and that Chrome OS will continue tablet- and laptop-targeted development.

Comparative effectiveness standards for new opioids proposed by FDA

The FDA issued a draft guidance that establishes comparative approval standards for new opioids. The guidance details the information drugmakers should submit to the agency to evaluate the risk and benefit of new opioids and clarifies how products should differ from existing ones.

AT&T's direct-to-consumer play hinges on volume

AT&T will compete for streaming video customers by dipping into its huge library of content to provide more programming choices to consumers, said John Stankey, the CEO of AT&T's WarnerMedia arm who is charged with consolidating the telecom's various media pieces. Toward that end, AT&T put WarnerMedia Entertainment Chairman Bob Greenblatt in charge of Otter Media, the company's collection of digital services.

North American roofing market to approach $48B in 6 years, report says

By 2025, the roofing market in the US and Canada will be worth $47.5 billion, up from $29.9 billion in 2017, an Allied Market Research report finds. Roofing membrane will likely continue to be the largest segment of the market, although metal roofing will gain ground.

US oil sees largest gain of the year amid US-Iran tensions

US oil prices posted their best performance since December 2016, with West Texas Intermediate for August delivery surging 9.4% last week to settle at $57.43 per barrel on Friday, after President Donald Trump canceled a military strike on Iran. Daniel Yergin, vice-chairman at IHS Markit, says that "the market is poised between where it was before, which was just gloom," and "the possibility that demand will spike up because there will be some kind of settlement with China."

UPS named a FreightWaves Shipper of Choice

FreightWaves' first Shipper of Choice Awards recognized UPS for its commitment to efficiency and productivity. Winners were selected based on factors including flexibility, efficiency and providing driver-friendly facilities. UPS sales Vice President David Meyer attributed the award to "strong commitment to providing customers with reliable service, time-saving technology and a robust portfolio of logistics solutions."

Q&A: How to weave storytelling into a hotel's guest experience

Luxury brand marketing executive Yohan Amiot of Accor's MGallery Hotel Collection explains how storytelling has become a vital part of defining its luxury brand. For example, the history of its various buildings is woven into the theme of each property, such as an original billiards table and memorabilia from its previous incarnation as a billiards hall.