The Market In 5 Minutes

IN THE NEWS

BENZINGA

Neurotrope 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. 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. WMT or Procter & Gamble Co. 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 FOXA is in talks with Blackstone Group LP BX about submitting an offer to buy Tribune Media Co 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. 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 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 FE from Underweight to Equal-weight
• Morgan Stanley Upgrades Autodesk ADSK From Equal-Weight To Overweight
• Jefferies Upgrades Medidata Solutions MDSO From Underperform To Hold
• Jefferies downgraded Western Digital from Buy to Hold
• KBW downgraded Federated Investors FII from Market Perform to Underperform
• Wells Fargo downgraded Newell Brands NWL from Outperform To Market Perform

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.