The Market In 5 Minutes

IN THE NEWS

BENZINGA

TASER International, Inc TASR on Wednesday announced an unprecedented move: The company will offer a one-year free trial of all its existing body camera products, full software suite and training support to every police agency in the United States: Link

Yelp Inc YELP shares spiked 3 percent Wednesday on a DAMS Consulting tweet suggesting takeover interest by Alibaba Group Holding Ltd BABA: Link

One of the hottest stocks in the market in the past two years, NVIDIA NVDA has started off April on shaky ground, dropping more than 7 percent so far this month: Link

THE WALL STREET JOURNAL

Unilever PLC UL said it would divest its 145-year-old margarine and spreads business, part of a broad restructuring in the wake of a spurned takeover approach by Kraft Heinz Co. KHC: Link

PepsiCo Inc. PEP is yanking a commercial that united liberals and conservatives in a backlash that swept across social media: Link

Music-streaming service Spotify is readying an initial public offering that is expected by year-end. The rub is this: It may not really be an IPO. Link

REUTERS

U.S. President Donald Trump accused Syrian President Bashar al-Assad's government of going "beyond a red line" with a poison gas attack on civilians and said his attitude toward Syria and Assad had changed, but gave no indication of how he would respond: Link

Trump removed his chief strategist Steve Bannon from the National Security Council on Wednesday, reversing his controversial decision early this year to give a political adviser an unprecedented role in security discussions: Link

Twitter Inc TWTR is launching a faster version of its mobile service on Wednesday aimed at people with sporadic connections or little data on their smartphone plans, hoping to pick up users in harder-to-reach emerging markets: Link

BLOOMBERG

In a private meeting with lawmakers, White House economic adviser Gary Cohn said he supports a policy that could radically reshape Wall Street’s biggest firms by separating their consumer-lending businesses from their investment banks, said people with direct knowledge of the matter: Link

Internet billionaire and aspiring rocket man Jeff Bezos said he sells $1 billion a year in Amazon.com Inc. AMZN stock to fund Blue Origin LLC, the company fueling his dream of sending people into space: Link

NY POST

On Wednesday, just 24 hours after Amazon announced its first major sports deal — tying up with the NFL to stream 10 Thursday night games — Alphabet Inc GOOGL laid claim to viewers’ credit cards by debuting YouTube TV, a bundle of 50 major television channels for $35 per month: Link

ECONOMIC DATA

• March 2017 US Challenger layoffs report 43,310 vs 36,975
• Initial Jobless Claims for Mar 31 234.0K vs 250.0K estimate; Continuing Claims for Mar 24 2.03M vs 2.04M estimate.
• San Francisco Federal Reserve Bank President John Williams is set to speak in Frankfurt at 9:30 a.m. ET.
• The Energy Information Administration’s weekly report on natural gas stocks is schedule for release at 10:30 a.m. ET.
• Data on money supply for the recent week will be released at 4:30 p.m. ET.

ANALYST RATINGS

• Goldman Sachs initiated Advanced Micro Devices AMD at Sell
• JMP Securities upgraded NetApp NTAP from Market Underperform to Market Perform
• PiperJaffray upgraded Abiomed ABMD from Neutral to Overweight
• Deutsche Bank downgraded T-Mobile TMUS from Buy to Hold
• Mizuho downgraded Jazz Pharmaceuticals JAZZ 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 or email minutes@benzinga.com.