IN THE NEWS
BENZINGA
Bill Ackman has sold his entire position of Valeant Pharmaceuticals Intl Inc VRX: Link
Credit Suisse said Sportsman's Warehouse Holdings Inc SPWH will be a better beneficiary from the bankruptcy of Gander Mountain Company versus Dicks Sporting Goods Inc DKS: Link
Benzinga recently spoke with Leslie Bocskor, an investment banker and president of the cannabis advisory firm Electrum Partners, about how CEOs in the marijuana industry could navigate market volatility in times of regulatory uncertainty: Link
THE WALL STREET JOURNAL
Facebook Inc. FB said on Monday that data about its users cannot be used for surveillance, cracking down on a method police departments allegedly used to track protesters and activists: Link
The number of Americans without health insurance would grow by 24 million under a House Republican proposal to topple most of the Affordable Care Act, according to a nonpartisan report that is likely to complicate GOP lawmakers’ efforts to unite around the plan: Link
The New York attorney general accused Exxon Mobil Corp. XOM Monday of withholding documents from his office as it investigates whether the energy company misrepresented its understanding of climate change to investors and the public: Link
REUTERS
Boeing Co BA and about 90 other aerospace companies are urging Congress to overhaul the U.S. tax system, saying a set of changes Republicans proposed last year — including a big cut in the corporate tax rate — will make them more competitive globally and help create U.S. jobs: Link
Toshiba is 'actively considering' a sale and other strategic options for U.S. nuclear unit Westinghouse, the group said on Tuesday, as it expanded a probe into problems there that caused it to miss an earnings deadline for a second time: Link
BLOOMBERG
The 94-year-old creator of the lithium-ion battery has invented another breakthrough storage device that’s capturing the attention of industry heavyweights: Link
Treasury Secretary Steven Mnuchin has raised the alarm on the U.S. debt ceiling, and Republican leaders insist they won’t push it to the limit as in past years by using it as a bargaining chip for deep spending cuts: Link
NY POST
Pandora Media, Inc. (P) on Monday launched a new $10 monthly on-demand product, “Pandora Premium,” that will compete with Spotify and Apple Music, among others: Link
Brian Chesky, the 35-year-old chief executive of Airbnb, hinted that the home-sharing site could launch an initial public offering next year: Link
ECONOMIC DATA
- PPI (MoM) for Feb 0.30% vs 0.10% estimate. PPI (YoY) for Feb 2.20% vs 2.00% estimate. Core PPI (YoY) for Feb 1.50% vs 1.50% estimate.
- The Federal Open Market Committee will begin two-day policy meeting today.
- The Johnson Redbook Retail Sales Index for the latest week is schedule for release at 8:55 a.m. ET.
- The Treasury is set to auction 4-week bills at 11:30 a.m. ET.
ANALYST RATINGS
- Guggenheim upgraded Disney DIS from Neutral to Buy
- JP Morgan downgraded Cooper Tire & Rubber CTB from Neutral to Overweight
- Raymond James upgraded Ethan Allen Interiors ETH from Market Perform to Strong Buy
- Goldman Sachs downgraded Corning GLW from Buy to Neutral
- Jefferies downgraded Mobileye MBLY from Buy to Hold
- Drexel Hamilton downgraded Harmonic HLIT from Buy to Hold
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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