Business

Salesforce CEO Reverses Trump Support Following Internal Backlash and Board Resignation

Salesforce chief executive Marc Benioff has walked back his praise for Donald Trump and support for deploying National Guard troops in San Francisco. The reversal comes after significant internal backlash, including the resignation of prominent venture capitalist Ron Conway from the company’s philanthropic board.

Executive Backtrack Follows Widespread Criticism

Salesforce CEO Marc Benioff has publicly reversed his position on former President Donald Trump’s proposal to deploy military forces to San Francisco, according to reports. The tech executive, who previously expressed strong support for Trump and his crime reduction strategies, now states he no longer believes National Guard soldiers are “needed to address safety” in the city.

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Regions Financial Posts Strong Q3 Earnings Amid Capital Markets Revival

Regions Financial reported higher third-quarter earnings, driven by a rebound in capital markets activity and increased net interest income. The results align with a wider resurgence in mergers and acquisitions across the banking sector.

Profit Growth Driven by Capital Markets Rebound

Regions Financial reportedly posted increased third-quarter profits, according to recent financial reports, benefiting from stronger performance in capital markets and higher interest income. The Birmingham, Alabama-based bank saw its shares rise approximately 1% in premarket trading following the announcement, sources indicate.