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(Bloomberg) -- Citigroup Inc.’s strategists have abandoned a once-popular “Trump trade.” Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Floating Island in Baltimore Raises Hope for a Waterfront RevivalA Warehouse Store Promises Housing for South LA, in BulkThe Cross-Continental Race Using Only Public TransitThe bank’s global macro strategy team on Friday recommended clients exit any remaining bets that 30-y

Unemployment in Texas rose moderately in July, suggesting that Hurricane Beryl had a minor impact on the labor market and confirming the sharp slowdown in U.S. job growth last month. The Labor Department's state employment and unemployment report on Friday showed the jobless rate in Texas, which was slammed by Beryl in the second week of July, rose to 4.1% last month from 4.0% in June. There had been speculation that Beryl was a significant factor in the small rise in nonfarm payrolls in July and surge in the national jobless rate to near a three-year high of 4.3%.

Shares of Bavarian Nordic surged in Danish trading Friday as investors bought into the company with the only approved mpox vaccine in the U.S. and Europe.