Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story  Dockworkers union chief credits Trump for deal The head of the dockworkers union is lauding President-elect Trump for his support after a tentative agreement to avert a damaging strike ahead of next week’s deadline. © AP Photo/Stefan Jeremiah “He’s a hero to our ILA union and members,” Harold Daggett, head of the International Longshoremen’s Association (ILA), said of the incoming president in a Facebook post. “President Trump gets full credit for our successful tentative Master Contract agreement.”   In a joint statement, the ILA and the U.S. Maritime Alliance (USMX) declined to disclose details on the deal, which union members still need to approve.   Both sides previously reached a tentative agreement in October after a three-day strike that included a 62 percent wage increase over the next six years.   But the parties still had to hammer out agreements on workplace issues including the automation of ports, which the union strongly opposed, by the new deadline of Jan. 15.   Trump weighed in last month on the automation issue after meeting with Daggett at his Mar-a-Lago resort in Florida, siding with dockworkers.   “I’ve studied automation, and know just about everything there is to know about it. The amount of money saved is nowhere near the distress, hurt, and harm it causes for American Workers, in this case, our Longshoremen,” Trump wrote online then.   Daggett said Trump “demonstrated his unwavering support for our ILA union and longshore workers with his statement ‘heard round the world’ backing our position to protect American longshore jobs against the ravages of automated terminals.”   Biden administration officials helped the ILA and USMX negotiate the first tentative agreement in October, but they were not mentioned in Daggett’s statement. The Hill has reached out to a White House spokesperson to ask if administration officials were involved in the second phase of negotiations as well.   The Hill's Taylor Giorno has more here.   Welcome to The Hill’s Business & Economy newsletter, we’re Aris Folley and Taylor Giorno — covering the intersection of Wall Street and Pennsylvania Avenue.   Did someone forward you this newsletter? Subscribe here.   Essential Reads  Key business and economic news with implications this week and beyond:   BlackRock departs climate investment group Asset management firm BlackRock is leaving a climate-focused investing group, the group confirmed.  Full Story   Warren questions Trump IRS nominee’s experience, promotion of tax credit Sen. Elizabeth Warren (D-Mass.) voiced concerns about President-elect Trump’s nominee to lead the Internal Revenue Service (IRS) on Wednesday, pressing him for answers about his previous experience and promotion of a pandemic-era tax credit.   Full Story   4 in 10 companies planning job cuts due to AI: Survey Companies across the globe, at least 4 in 10, are likely to cut jobs as artificial intelligence (AI) continues to advance, new research shows.  Full Story   Canadian official on Trump 51st state remarks: ‘The joke is over’ Canadian official Dominic LeBlanc criticized President-elect Trump’s “51st state” remarks Wednesday, saying they were no longer funny.  Full Story {{if !contains(profile.lists,"Evening Report")}   {/if}}{{if !contains(profile.lists,"Evening Report")} COMING UP The Hill's Evening Report breaks down the day's big political stories and looks ahead to tomorrow. Click here to sign up & get it in your inbox {/if}}   The Ticker  Upcoming news themes and events we're watching: The Bureau of Labor Statistics on Friday will release the December jobs report at 8:30 am E.T.   In Other News  Branch out with more stories from the day: US orange juice and steel will be on Canada’s list for retaliation if Trump imposes tariffs TORONTO (AP) — Canada is looking at putting retaliatory tariffs on American orange juice, toilets … Full Story   Good to Know  Business and economic news we've flagged from other outlets: S&P 500 ekes out narrow gain as investors shake off Fed’s inflation warning (CNBC) Obamacare signups near a record 24 million, almost double than when Trump was last in office (CNN) Wall Street Bonuses to Jump by Double Digits at Big Banks (Bloomberg)   What Others are Reading  Top stories on The Hill right now: Bush gives Obama a belly tap at Carter funeral Former President Bush gave former President Obama a belly tap at the funeral on Thursday for the late President Carter, a moment caught on camera and then shared widely on social media. Read more Greenland lawmaker says Trump Jr. visit ‘was all staged’ A member of Greenland’s Parliament said Donald Trump Jr.’s visit to the island this week was “all staged” to make it look like Greenlanders supported President-elect Trump as he ramps up rhetoric about acquiring the Danish autonomous territory. Read more   What People Think  Opinion related to business and economic issues submitted to The Hill: Surprise! Why Europe could end up as one of Trump’s biggest problems overseas      You're all caught up. See you tomorrow!