IN THE NEWS TODAY
Despite opposition from at least four Republicans, Senate Majority leader Mitch McConnell said the senators
* Trump invites all GOP senators to lunch after saying 'let Obamacare fail' (AP)
* House Budget Committee is set to markup its budget proposal (Roll Call)
* Trump's voter fraud commission set to its first meeting (NY Times)
President Donald Trump is expected to nominate Jon Huntsman, a former GOP presidential candidate, as U.S. ambassador to Russia, a role he held during former President Barack Obama's administration. (Reuters)
* Special counsel Mueller contacts eighth attendee of Trump Jr. meeting (WSJ)
The U.S. government is reportedly paying an above-market rate of more than $130,000 per month to rent a space in Trump Tower for a military office that supports the White House. (WSJ)
* Campaign urges US public pension funds to divest from owner of Trump hotel (Reuters)
Apple (AAPL) has created a major new executive role in China and appointed the head of its wireless technologies unit to run it, reporting into CEO Tim Cook, as the technology giant struggles with falling sales in the world's second-largest economy. (CNBC)
Discovery (DISCA) and Scripps Networks (SNI) are reportedly rekindling merger talks. Shares of both media companies were soaring in premarket trading. Viacom (VIAB) is also said to have had discussions to buy Scripps. (WSJ & Reuters)
NBC News launched this morning a first of its kind news show on Snapchat called "Stay Tuned." The 2 to 3 minute episodes will air at 7 a.m. and 4 p.m. on weekdays and 1 p.m. on weekends, according to a user's local time zone. (CNBC)
Vertex Pharmaceuticals (VRTX) reported significant improvements in cystic fibrosis patients treated with three different drug combinations in clinical trials. Shares of Vertex were soaring about 27 percent in premarket trading. (CNBC)
A nonprofit disability rights organization filed a class-action lawsuit against Uber, claiming the ride-hailing service discriminates against New York City riders with disabilities by not providing enough access to vehicles that can accommodate wheelchairs. (AP)
General Motors (GM) and Japan's Softbank are among the latest investors in self-driving software and technology firm Nauto. The Silicon Valley startup raised $159 million in a new funding round for a valuation just shy of $1 billion. (Reuters)
* Microsoft teams up with a Chinese rival to power self-driving cars (CNBC)
Bitcoin soars as miners are signaling their intent to support a new upgrade for the bitcoin blockchain that may solve the digital currency's long-running scaling issue. (CNBC)
* Value investor Bill Miller has 1% of net-worth in bitcoin (Forbes)
Chris Christie caught a foul ball with one hand from his seat at Citi Field during the Mets-Cardinals game last night. But instead of being cheered for the great catch, the New Jersey governor was booed. (USA Today)
STOCKS TO WATCH
United Continental (UAL) earned an adjusted $2.75 per share for its latest quarter, 8 cents above estimates. Revenue slightly beat. United's results were helped by strong overall demand and sales from upgrades and priority boarding.
CSX (CSX) exceeded estimates by 5 cents with adjusted quarterly profit of 64 cents per share. Revenue also beat. The railroad also announced a $500 million increase in its stock buyback program.
Alphabet's (GOOGL) Google unit announced an overhaul of its mobile search app, calling the new offering Google Feed and offering personalized links on areas of interest. Google said it's not trying to duplicate Facebook's (FB) news feed.
Qualcomm (QCOM) faces antitrust allegations from a group of Apple (AAPL) suppliers, which Qualcomm sued back in May to force them to pay license fees that Apple had told them to stop paying.
Crown Castle (CCI) is buying privately held Lightower Fiber Networks for about $7.1 billion in cash. The tower operator is seeking to expand its presence in northeastern urban areas.
McCormick (MKC) is buying the food business of Britain's Beckitt Benckiser for $5.2 billion. The Reckitt unit is the maker of well-known brand names like French's Mustard.
BP (BP) is considering spinning off certain U.S. pipeline assets in an initial public offering. BP had first considered such a plan earlier this decade, but the idea was shelved when oil prices plummeted.
Dow Chemical (DOW) sold some of its Brazilian corn seed assets to a China-based fund for $1.1 billion. The move is designed to win approval in Brazil for its deal to merge with DuPont (DD).
SLS Management wants Abercrombie & Fitch (ANF) to buy back shares after the teen apparel retailer failed to sell itself. SLS said Abercrombie was not being aggressive enough in its turnaround efforts.
Luis Fonsi and Daddy Yankee's "Despacito," and the remix featuring pop star Justin Bieber, has become the most streamed track of all time with more than 4.6 billion plays across streaming platforms. (AP)
The seventh-season premiere of HBO's "Game of Thrones" on Sunday drew a record-setting 10.1 million viewers, according to Nielsen figures, topping top-rated episodes including the season five finale. (AP)