Billionaire real estate magnate Donald Trump split Tuesday's winner-take-all primaries in Florida and Ohio. The front-runner dominated in Florida over Sen. Marco Rubio who dropped out of the race after losing his home state. But Trump lost Ohio to the state's governor, John Kasich. Trump also won Illinois and North Carolina, and held a slim lead over Texas Sen. Ted Cruz in Missouri. (CNBC)
In the primaries and caucuses so far, Trump has secured more than half of the 1,237 delegates needed to win the GOP presidential nomination. But for Trump to come into the convention with the magic number to claim the mantle outright, he would have to win about 60 percent of the remaining delegates. (The Hill)
If Trump comes up short in the delegate count, House Speaker Paul Ryan, who decided not to run this year, said in a CNBC interview that he won't categorically rule out accepting the GOP nomination if a deadlocked party convention were to turn to him this summer.
On the Democratic side, with an upset victory last week in Michigan, Vermont Sen. Bernie Sanders was unable to convert the win in Tuesday's primaries. Hillary Clinton, former Obama secretary of state, widened her front-runner status with wins in Florida, Ohio, North Carolina, and Illinois, and the edge in Missouri. (NBC News)
President Barack Obama has warned, in a veiled rebuke of Trump, that the "vulgar and divisive" rhetoric in the 2016 race is damaging the reputation of the United States abroad. Meanwhile, the president is expected to announce this morning a nominee to the Supreme Court to replace the late Justice Antonin Scalia. (CNBC)
Hedge funds lost an estimated $5.3 billion on drugmaker Valeant's (VRX) stock meltdown, with billionaires Bill Ackman and Jeffrey Ubben taking the
Time Warner Cable's (TWC) $55 billion deal to be bought by Charter Communications (CHTR) is likely to be approved by the FCC. Chairman Tom Wheeler will likely circulate a draft order this week approving the transaction, with certain conditions attached. (WSJ)
London Stock Exchange Group and Deutsche Borse have agreed to a
Photo-sharing giant Instagram plans to begin testing an algorithm-based personalized feed for users, similar to one already used by its parent Facebook (FB). That means it would shift away from the strictly reverse chronological order that the service has used since it began in 2010. (NY Times)
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The federal government in the Washington, D.C., area is open this morning, despite a safety shutdown of the city's subway system that's setting up a disastrous morning and evening commute. Metro is expected to reopen at 5 a.m. ET tomorrow. (CNBC)
Uber is capping surge pricing in the Washington area at 3.9 times base fares during the Metro shutdown. The ride-hailing service is also offering a $25 credit to new users towards a first ride during the closure. Rival Lyft is giving new users $20 off their first ride. (Reuters)