The Market In 5 Minutes

IN THE NEWS

BENZINGA

General Motors Company GM shares spiked Tuesday after Greenlight Capital activist investor David Einhorn released a new report pressuring GM management to take measures that Einhorn believes would boost the stock’s share price: Link

Tax overhauls proposed by President Donald Trump and the House GOP leadership will lead to short-term gains but long-term increases in the federal debt, according to the Penn Wharton Budget Model, which crunched the numbers for both plans up until the year 2040: Link

After all the drama, star performances, incredible comebacks, heartbreaking defeats and, of course, plenty of bracket busting, the NCAA Tournament is finally down to its Final Four competitors: Link

THE WALL STREET JOURNAL

The U.K. on Wednesday is set to make official its planned exit from the European Union, starting on an unprecedented path to reshape its relationship with its closest allies in some of the most complex negotiations the country has ever undertaken: Link

BlackRock Inc. BLK has started a shake-up of its stock picking business, relying more on robots rather than humans to make decisions on what to buy and sell: Link

REUTERS

President Donald Trump on Tuesday signed an order to undo Obama-era climate change regulations, keeping a campaign promise to support the coal industry and calling into question U.S. support for an international deal to fight global warming: Link

Monsanto MON lost a legal battle with one of India's biggest seed producers over a contract dispute on Tuesday, and was ordered to restore a licensing agreement and cut royalty charges: Link

BLOOMBERG

Pandora Media Inc. P co-founder Tim Westergren took over for his second run as chief executive officer in March 2016 to revive the online radio company and avert a potential sale. A year in, he’s about to take his best shot at proving Pandora can survive on its own: Link

NY POST

Wells Fargo WFC has agreed to pay $110 million to settle a class-action lawsuit over up to 2 million accounts its employees opened for customers without getting their permission, the bank announced Tuesday.

ECONOMIC DATA

• Chicago Federal Reserve Bank President Charles Evans is set to speak in Frankfurt, Germany at 9:20 a.m. ET.
• The pending home sales index for February will be released at 10:00 a.m. ET.
• The Energy Information Administration’s weekly report on petroleum inventories is schedule for release at 10:30 a.m. ET.
• Boston Federal Reserve Bank President Eric Rosengren will speak in Boston at 11:30 a.m. ET.
• San Francisco Federal Reserve Bank President John Williams is set to speak in New York at 1:15 p.m. ET.
• The Treasury will auction 7-year notes at 1:00 p.m. ET.

ANALYST RATINGS

• Deutsche Bank upgraded Morgan Stanley MS from Hold to Buy
• Nomura upgraded Capital One Financial COF from Neutral to Buy
• Stifel Nicolaus upgraded Pacific Coast Oil Trust ROYT from Hold to Buy
• Susquehanna downgraded Skechers USA SKX from Positive to Negative
• Goldman Sachs downgraded Dunkin Brands Group DNKN from Neutral to Sell
• Deutsche Bank downgraded F5 Networks FFIV from Hold to Sell

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 or email minutes@benzinga.com.