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Iraq's oil is the property of Iraqis, Prime Minister Haider al-Abadi said on Tuesday, in reaction to U.S. President Donald Trump who argued that the United States should have taken possession of the nation's crude reserves. In a speech to CIA officials on Saturday, Trump suggested the United States should have taken Iraq's oil in reimbursement for the 2003 invasion that put an end to Saddam Hussein's rule. Trump also suggested that taking Iraq's oil would have prevented Islamic State from rising up, by removing a source of the group's funding, according to a Huffington Post report of the encounter.
Johnson & Johnson edged above fourth-quarter profit expectations, helped by consumer goods and pharmaceutical growth, but the world's biggest health care products company also gave Wall Street a softer-than-expected 2017 earnings forecast.