IN THE NEWS
Viacom, Inc. VIAB is taking an unexpected risk to compete in an evolving sector: Link
Camping World Holdings Inc CWH CEO Marcus Lemonis offers advice and capital to struggling small businesses on the CNBC show “The Profit.” On Thursday, he did the same for two of Detroit’s youngest entrepreneur: Link
Japan’s financial regulator said on Friday it has ordered cryptocurrency exchanges including bitFlyer, Inc., one of the country’s biggest, to make improvements to lax measures on money laundering: Link
Pilgrim’s Pride PPC is bidding for Hain Celestial’s HAIN protein business, a source close to the process told The New York Post: Link
When the group overseeing the so-called OPEC+ deal met last night, proceedings were dominated by two nations: Saudi Arabia and Russia. It was probably a snapshot of the oil market’s future: Link $
Some White House officials are trying to restart talks with China to avoid a trade war before U.S. tariffs on Chinese products take effect July 6, three people familiar with the plans said, setting up a battle with others in the administration who favor a harder line: Link $
Changing, competing and contradictory explanations of the administration’s immigration policy spread confusion from Washington, D.C., to the Mexican border, leaving front-line law-enforcement and social-service agencies unsure of what will happen to thousands of children: Link $
Goldman Sachs GS and Morgan Stanley MS barely passed the Federal Reserve’s annual stress tests, raising doubts about their ability to grow dividends and buybacks over the next year: Link $
ECONOMIC DATA
- The flash Composite Purchasing Managers' Index for June will be released at 9:45 a.m. ET.
- The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.
ANALYST RATINGS
- Jefferies upgrades Molina Healthcare MOH from Hold to Buy
- DZ Bank downgrades Eli Lilly LLY from Buy to Hold
- BTIG downgrades Red Hat RHT from Buy to Neutral
This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.
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