It was the White House’s energy week and the Senate was supposed to vote on healthcare, so obviously we were going to spend Friday talking about the National Enquirer.
The 90-year-old tabloid was itself in the headlines this week after “Morning Joe” co-hosts Mika Brzezinski and Joe Scarborough said in a Washington Post op-ed that Trump aides had offered to kill an Enquirer story on them if they treated him more nicely on television.
But before it was going after Joe and Mika, the Enquirer had another top target: Hillary Clinton. The former secretary of state has been a tabloid favorite over the years, including during the 2016 election, when the Enquirer claimed to have dirt on her declining health. (The mag at the very least had quite a lot of fun with Photoshop.)
Enquirer chairman and CEO David Pecker is reportedly considering a bid to take over Time, Inc. (TIME) Rafael Cruz conspiracy theories on the cover of Sports Illustrated, anyone?
Politics aside, it was a bouncy week on Wall Street. Stocks were mixed on Monday and fell on Tuesday before snapping back on Wednesday, with the S&P 500 posting its biggest gains since April. Markets suffered a steep tech selloff on Thursday, but the Dow Jones Industrial Average and the S&P 500 closed in the green on Friday, while the Nasdaq fell.
Walgreens’ (WAG) ditched bid for Rite Aid (RAD) roiled markets on Thursday when the pharmacy retailers announced that instead of going for a full-blown merger they would instead settle for a store sale. The rejiggered deal will likely get an easier go with regulators.
“As it turns out, much of the hype and some of the criticisms are justified,” wrote The New York Times’ David Pogue in a review at the time. “The iPhone is revolutionary; it’s flawed. It’s substance; it’s style. It does things no phone has ever done before; it lacks features found even on the most basic phones.”
Read on to find some of TheStreet’s top stories of the week, including a fun weekend parody read about which figures Trump could tap — dead, living and fictional — to head the Fed. We at TheStreet will be back on Monday for a half-day in the markets. Enjoy your weekend!