IN THE NEWS
BENZINGA
Neurotrope (NASDAQ: NTRP) reported
positive top-line results from its Phase 2 study of Bryostatin, which met its primary endpoint in patients that completed the full
course of treatment, although the results weren't particularly encouraging: Link
TheStreet's Adam Feuerstein analyzed the results on PreMarket Prep at 8 a.m. ET: Link
The historian hired to repair the Richard Nixon Library and Museum’s problems with the truth sees something similar in the
current president: a sense of paranoia and frustration that might spill over into bad decisions:
Link
THE WALL STREET JOURNAL
Apple Inc. (NASDAQ: AAPL) is expected to
report Tuesday that its stockpile of cash has topped a quarter of a trillion dollars, an unrivaled hoard that is greater than the
market value of either Wal-Mart Stores Inc. (NYSE: WMT) or Procter & Gamble Co. (NYSE: PG) and exceeds the foreign-currency reserves held by the U.K. and Canada combined:
Link
Federal Reserve officials are likely to keep interest rates steady at their policy meeting this week and drill down into details
about when and how to reduce their large holdings of mortgage and Treasury securities:
Link
REUTERS
Twenty-First Century Fox Inc (NASDAQ: FOXA) is in talks with Blackstone Group LP (NYSE: BX) about submitting an offer to buy Tribune Media Co
(NYSE: TRCO), one of the largest U.S. television station
operators, sources familiar with the matter said on Sunday:
Link
Negotiators in the U.S. Congress reached a deal late on Sunday on around $1 trillion in federal funding that would avert a
government shutdown later this week, while handing President Donald Trump a downpayment on his promised military build-up:
Link
BLOOMBERG
Warren Buffett’s career is filled with splashy takeovers that cost billions -- as in $10 billion or $20 billion or $30 billion.
But $100 billion? Even for Buffett, that’d be an awful lot of money. Yet, that is now the buzz among some investors, analysts and
Buffett fans:
Link
Western Digital Corp. (NASDAQ: WDC)'s
earnings showed the value of its SanDisk acquisition and how much it has to lose if a partnership with Toshiba Corp. is disrupted
by the desperation sale of the Japanese company’s chip unit:
Link
NY POST
Even Goldman Sachs (NYSE: GS) investors
think they have a hand in the White House. Lloyd Blankfein, the bank’s CEO, was needled by investor Mindy Wasserman over the
“Goldman Sachs tax plan” during the company’s annual shareholder meeting in Jersey City on Friday:
Link
ECONOMIC DATA
- Data on motor vehicle sales for April will be released today.
- Data on personal income and consumer spending for March will be released at 8:30 a.m. ET.
- The manufacturing PMI for April is schedule for release at 9:45 a.m. ET.
- Data on construction spending for March will be released at 10:00 a.m. ET.
- The ISM manufacturing index for April is schedule for release at 10:00 a.m. ET.
- The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
ANALYST RATINGS
- Barclays upgraded FirstEnergy (NYSE: FE)
from Underweight to Equal-weight
- Morgan Stanley Upgrades Autodesk (NASDAQ: ADSK) From Equal-Weight To Overweight
- Jefferies Upgrades Medidata Solutions (NASDAQ: MDSO) From Underperform To Hold
- Jefferies downgraded Western Digital from Buy to Hold
- KBW downgraded Federated Investors (NYSE: FII) from Market Perform to Underperform
- Wells Fargo downgraded Newell Brands (NYSE:
NWL) from Outperform To Market Perform
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