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Fallout from a violent protest in Charlottesville by racist groups continued Wednesday. In response to CEOs abandoning White House advisory roles after he reiterated that demonstrators opposing racism shared blame with white supremacists, Donald Trump shut down two CEO councils. The president made the announcement on Twitter after one of the councils was said to be planning to inform him it would break up. David E. Rovella

 

Doubling Down

Trump shut down two business councils as CEOs dropped away, saying he’s disbanding two advisory groups of American business leaders rather than putting pressure on those who remained. The move reversed what he said a day before, when he tweeted that he had plenty of CEOs who wanted to replace those who quit. Trump appeared to be making an effort to get ahead of the news as the councils began to disintegrate. More CEOs began heading for the doors as Trump doubled down on his position that demonstrators opposing racist groups shared blame with white supremacists for violence at a neo-Nazi rally in Charlottesville, Va. that claimed the life of a 32-year-old paralegal.

 
Here are today's top stories...
 

Trump’s decision to equate neo-Nazis with opponents of racism has painted the Republican Party into a corner it would rather avoid. Former Presidents George H.W. Bush and son George W. Bush issued a statement condemning bigotry and anti-Semitism, hallmarks of the white supremacist groups who flocked to Virginia last weekend. Even inside the White House, some staff were said to be deeply dismayed by the comments.

 

Netflix Co-Founder Mitch Lowe has a crazy idea. As movie theaters struggle with tepid sales, he wants to let people attend all the showings they want every month for about the price of a single ticket. Lowe, who now runs a startup called MoviePass, plans to drop the price of the company’s movie ticket subscriptions on Tuesday to $9.95. The fee will let customers get into one showing every day at any theater in the U.S. that accepts debit cards.

 

PricewaterhouseCoopers LLP earned itself the largest-ever sanction issued by the U.K. accounting regulator, 5.1 million pounds ($6.6 million), for misconduct over its audit of RSM Tenon Group Plc. The Financial Reporting Council announced the fine Wednesday, along with penalties against Nicholas Boden, a senior PwC audit partner. The misconduct related to an audit of RSM Tenon’s accounts for the year ended June 2011. RSM Tenon was a professional services firm that went into administration in 2013.

 

Texas is a homebuilding machine. Dallas, Houston, and Austin are on pace to build a total of almost 130,000 new homes this year, based on a Trulia analysis of building permits. That’s more than 10 percent of all new construction expected in the U.S. this year, and enough to put all three metropolitan areas in the top five for permitting activity. New York and Phoenix round out the group.

 

Synthetic heroin Is too powerful for the antidote. Hospitals and emergency-services agencies across the U.S. are confronting higher bills for the chemical compound that can block the effects of painkillers and heroin, as super-strong synthetic opioids like fentanyl and carfentanil grow increasingly popular. Not only are more doses of the remedy often required, prices for some brands of naxolone have been ticking up.

 
 
 

Letting a Beastie Boy choose your wine

When the Spotted Pig opened in New York’s West Village in 2004, it fundamentally changed the concept of what a restaurant could be: a dining room cooler than a club, with a democratic mix of uptown and downtown guests. When the Pig’s owners, Ken Friedman and chef April Bloomfield, open the Hearth & Hound in Los Angeles in late September—their target date is Sept. 22—they plan on bringing a related kind of dining room cool to Hollywood. One of his early hires is Mike Diamond—the Beastie Boys’s Mike D, an avid wine collector.

 

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