By William D. Cohan @ News Desk @ NewYorker.com, Sept. 9

Donald Trump is now irrelevant to corporate America. That is the unequivocal message coming from some C.E.O.s, and the Wall Street bankers who work most closely with them. The new strategy by corporate executives to get the policies they once hoped Trump would deliver to them—tax reform, the repatriation of corporate profits, regulatory relief, and a comprehensive infrastructure plan—is to forget about Trump altogether and to work directly with congressional leaders to craft bipartisan legislation that Trump will have no choice but to sign. These C.E.O.s and bankers say they are focussing their attention almost exclusively on working with Mitch McConnell, the Senate Majority Leader, and Paul Ryan, the Speaker of the House, who both have had their differences with Trump of late [....]

Many cited Trump’s defense of white supremacists in Charlottesville as a breaking point in a steadily fraying relationship. That sense intensified with the Trump Administration’s announcement, this week, that it would end Deferred Action for Childhood Arrivals (DACA) [....]