These are the stocks posting the largest moves before the bell.Market Insiderread more
Allergan shareholders will receive 0.8660 AbbVie shares and $120.30 in cash for each share held, for a total value of $188.24 per Allergan share.Biotech and Pharmaceuticalsread more
Amazon announced on Tuesday that Amazon Prime Day will last for two days and starts on July 15 and runs through July 16.Technologyread more
"What else do you have to do that will actually have to affect the Iranians' calculus?" said Amos Hochstein, who served as U.S. special envoy for international energy affairs...World Politicsread more
Reports of tensions may have been sparked by Kraft Heinz's underperformance and because of accounting problems at the packaged goods company.Investingread more
The major indexes have stretched to all-time highs and are riding one of their best first halves in decades.Trading Nationread more
SpaceX used its high speed boat called "Ms. Tree" to catch the nosecone its Falcon 9 rocket after Monday's launch.Investing in Spaceread more
FedEx sued the U.S. government, saying it should not be held liable if it inadvertently shipped products that violated a Trump administration ban on exports to some Chinese...Traderead more
The leaders of Japan and China got off to a tense start but have made significant progress in turning around their relations in recent years.Asia Politicsread more
Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
Citi Private Bank says it has maintained an "overweight" stance on stocks in China, Hong Kong, Taiwan and South Korea.Asia Marketsread more
Billionaire Warren Buffett said Monday wealthy Americans are not paying enough taxes.
"The wealthy are definitely undertaxed relative to the general population," Buffett told CNBC's Becky Quick during a "Squawk Box " interview. "As we get more specialized, the rich will get richer. The question is: How do you take care of a guy who is a wonderful citizen whose father died in Normandy and just doesn't have market skills? I think the income tax credit is the best way to address that."
"That probably means more taxes for guys like me, and I'm fine with it," he said.
Some lawmakers, including socialist Rep. Alexandria Ocasio-Cortez, D-N.Y., are pushing for higher taxes on the wealthy. She recently proposed a 70 percent marginal tax on incomes over $10 million in an effort to bridge the growing gap between the rich and the poor.
Microsoft co-founder Bill Gates — a close friend of Buffett — said earlier this month that he supports more "progressive" taxes on this rich, but contended that plans like Ocasio-Cortez's are missing the point. "They have income that just is the value of their stock, which if they don't sell it, it doesn't show up as income at all, or if it shows up, it shows over in the capital gains side. So the ability of hedge fund people, various people — they aren't paying that ordinary income rate," he said.
Democratic presidential hopefuls Elizabeth Warren and Bernie Sanders have also proposed higher taxes on the wealthy. Warren's "ultra-millionaire" tax would apply to people with more than $50 million in assets and is projected to raise $2.75 trillion over a 10-year period, according to her team. Sanders has proposed hiking estate taxes for rich heirs.
Buffett's comments come after Charlie Munger, his right-hand man, told CNBC earlier this month that states like California and Connecticut have been "stupid " for driving rich people away because of their tax rates.