The biotech sector saw a modest uptick this week amid a slew of biotech earnings news flow and a deal announced in the space: Link
Retailers have shown greater capital discipline in the hopes of re-invigorating their businesses, but investors must take a cautious stance on the sector, according to Morgan Stanley: Link
President Donald Trump said he was working with Chinese President Xi Jinping to keep ZTE Corp. in business, throwing an extraordinary lifeline to the Chinese telecommunication giant that has been laid low by U.S. moves to cut off its suppliers: Link $
Xerox Corp (NYSE: XRX) said it will back out of its merger deal with Fujifilm Holdings Corp. as it reached a new settlement with two of its biggest shareholders, the latest twist in a months long tug of war over the future of the iconic American company: Link $
U.S. Secretary of State Mike Pompeo said on Sunday that Washington would agree to lift sanctions on North Korea if the country agrees to completely dismantle its nuclear weapons program, a move that would create economic prosperity that “will rival” that of South Korea: Link
HSBC Holdings Plc said on Monday it has performed the world’s first trade finance transaction using a single blockchain platform in a push to boost efficiency in the multi-trillion-dollar funding of international trade: Link
Elon Musk has said the “short burn of the century” is coming soon to investors betting against Tesla Inc (NASDAQ: TSLA). He’s rapidly losing top deputies to help him deliver on that prediction: Link $
Steve Eisman, the Neuberger Berman Group money manager who famously predicted the collapse of subprime mortgages before the 2008 financial crisis, recommended shorting Deutsche Bank AG (NYSE: DB) shares: Link $
Merrill Lynch loaded the dice in Las Vegas — and cheated a local female high roller out of at least $1 million in commissions, according to a gender discrimination lawsuit filed recently: Link
St. Louis Fed President James Bullard will speak at 9:40 a.m. ET.
The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
Canaccord upgraded Thomson Reuters (NYSE: TRI) from Hold to Buy
Jefferies upgraded Tailored Brands (NYSE: TLRD) from Hold to Buy
Compass Point downgraded Hilltop Holdings (NYSE: HTH) from Buy to Neutral
Deutsche downgraded Hostess Brands (NASDAQ: TWNK) from Buy to Hold
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