Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Boris Johnson will be meeting President Donald Trump to discuss a potential post-Brexit trade deal just as he tries to court EU leaders for a new withdrawal agreement.World Politicsread more
U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Accountants in Hong Kong took to the streets on Friday to call for the government to accept five demands of the people, including the complete withdrawal of a now-suspended...China Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
The unlikely alliance would in theory enjoy a relatively comfortable majority in the parliament's lower house but would rely on a handful of sympathetic but unaligned...Europe Politicsread more
Bank Indonesia on Thursday cut its key policy rate by 25 basis points to 5.5% to support growth amid an increasingly fragile global economy.Central Banksread more
Meanwhile, investors look ahead to Fed Chair Jerome Powell's speech at a yearly central banking symposium in Jackson Hole, Wyoming.Asia Marketsread more
The U.S Energy Information Administration (EIA) says Australia is on track to consistently export more LNG than Qatar.Oil and Gasread more
Check out the companies making headlines midday Monday:
Alphabet, Facebook — Alphabet shares tanked more than 6% after news that the Justice Department was preparing an antitrust lawsuit against Google. According to reports, the probe would look into Google's search practices and other businesses. Facebook shares also fell 7.5% amid worries of the broader tech sector falling under greater government scrutiny.
Amgen, Mirati Therapeutics — Shares of biotech company Amgen jumped 3.4% after results from a cancer study examining Amgen's gene therapy drug showed significant reduction in the size of tumors in patients with advanced lung cancer. Promising results also drove shares of Mirati up 31.6% as the biotech company is also developing a drug that targets the same gene mutation.
DuPont — Shares of DuPont jumped 17.8% after a Morgan Stanley analyst initiated coverage of the chemical company with an overweight rating. The analyst said it sees value in DuPont regardless of whether it becomes a "true multi-industry" company or keeps its businesses separated.
Teva Pharmaceutical Industries — An analyst at Oppenheimer upgraded Teva to outperform from perform, citing improving fundamentals and "in line" execution from management. The stock rose 2.9%.
Waste Management —Shares of Waste Management climbed more than 1.9% after an RBC Capital Markets analyst upgraded the stock to outperform from market perform. "We see Waste Management delivering out-sized earnings growth, driven by sustained organic growth rates," the analyst said in a note.
Cypress Semiconductor — Cypress Semiconductor surged more than 23.9% on news that German company Infineon will buy the chip-maker for $23.85 per share. The sale values Cypress at $10.06 billion. Infineon's share price fell 7.1% Monday on the news.
Humana — Shares of Humana gained 1.2% after an SEC filing revealed that the company is not interested in merging with health insurer Centene. This deal would have diverged from Centene's plans to acquire WellCare Health Plans. Centene shares dropped more than 9%.
Nektar Therapeutics — The biotechnology stock rose jumped 8.8% after the company released positive trial results for bempegaldesleukin, a drug that aims to boost a cancer patient's immune system.
Advanced Micro Devices — Advanced Micro Devices gained 0.6% after the chipmaker announced a multi-year deal with Samsung to license its custom graphics intellectual property for use in its mobile devices. Samsung will be paying AMD license fees and royalties.
Boeing — Shares of aircraft-maker Boeing fell 0.8% after the Federal Aviation Administration said Sunday that more than 300 Boeing 737 jets may have faulty parts. The FAA said it is forcing airlines to remove and replace any plane parts that are affected. The FAA said as many as 148 parts could be "susceptible to premature failure or cracks."