Asian shares rise on fading Fed rate views (Reuters) U.S. Equity Futures Fall, Risking S&P 500 Rally as Copper Slides (BBG) More biotech pain, this time from the WSJ: For Prescription Drug Makers, Price Increases Drive Revenue (WSJ) VW Will Delay or Cancel Non-Essential Investments Due to Scandal (BBG) Russia Rejects No-Fly Zone Over Syria as Clerics Urge Reprisals (BBG) Historic Pacific trade deal faces skeptics in U.S. Congress (Reuters) German Factory Orders Unexpectedly Fall Amid Economic Risks (BBG) U.S. Probes Alleged U.N. Bribe Scheme (WSJ) Fuel Prices Fall, but FedEx and UPS Boost Surcharges (WSJ) Yuan Overtakes Yen as World's Fourth Most-Used Payments Currency (BBG) Trans-Atlantic Data Pact Struck Down by EU's Highest Court (BBG) Big U.S. firms hold $2.1 trillion overseas to avoid taxes (Reuters) Are Activist Investors Helping or Undermining American Companies? (WSJ) Snowden: 'I’ve volunteered to go to prison’ (Hill) American Apparel Filing Shines Light on Hedge Fund Standard General (WSJ) More distress for the Diva of Distressed: Lynn Tilton, Patriarch formally sued in U.S. by two investors (Reuters) Overnight Media Digest WSJ - U.S. federal law enforcement authorities are investigating an alleged bribery scheme involving payments to officials at the United Nations to gain support for real-estate development in Macau. (http://on.wsj.com/1JPvWKF) - U.S. industries as diverse as aerospace, agriculture and apparel lauded a historic 12-nation Pacific trade deal struck Monday, while pharmaceutical makers, tobacco companies and others criticized the pact as falling short in key areas. (http://on.wsj.com/1LdE5cM) - Google Inc plans to invest in a new round of funding for Symphony Communication Services LLC that values the Wall Street-backed messaging company at about $650 million, people familiar with the matter said. (http://on.wsj.com/1RreVN1) - Pharmaceutical companies' U.S. revenue growth for leading drugs has far outpaced demand in the past five years, thanks to the industry's pricing power, according to a Wall Street Journal analysis of corporate filings and industry data. (http://on.wsj.com/1Lf5yPB) - Du Pont said Chief Executive Ellen Kullman would retire next week as the company slashed its earnings outlook and pledged to speed up cost-cutting plans. (http://on.wsj.com/1PfXOP3) - Twitter Inc is handing the CEO reins back to Jack Dorsey, entrusting its founding architect to reassure investors and revive the social media service's sagging user growth.(http://on.wsj.com/1j94EtJ) - Volkswagen patriarch Ferdinand Piëch, ousted from the supervisory board in the spring, is exerting influence behind the scenes over Volkswagen affairs amid an emissions-testing scandal that pushed out the executive he opposed.(http://on.wsj.com/1JPtsvT) - International Business Machines Corp has formed a new business unit to capitalize on the recent groundswell in artificial intelligence. The new Cognitive Business Solutions group will advise companies on how to take advantage of IBM's Watson artificial-intelligence software. (http://on.wsj.com/1RrMSx8) FT DuPont said Chief Executive Ellen Kullman will depart early and will be replaced in the interim by Edward Breen, former chairman of Tyco International, who joined the company's board in February. Preet Bharara, U.S. attorney for Manhattan, warned of a "bonanza" for friends and family of the rich, after the Supreme Court declined to hear requests by the Department of Justice to reverse two overturned convictions on insider trading. Alphabet, the renamed holding company for Google, will invest in Symphony messaging tool. The tool is backed by a number of big banks aiming to compete with Bloomberg's dominant messaging service on Wall Street. BP PLC has agreed to pay $20.8 billion to settle claims with U.S. federal and state authorities over the 2010 Deepwater Horizon disaster. As part of a plan to restore Gulf of Mexico, $8.1 billion will be set aside for coastal wetlands and marine mammals. NYT - The United States, Japan and 10 other Pacific Rim nations on Monday reached final agreement on the largest regional trade accord in history, teeing up what could be the toughest fight President Obama will face in his final year in office: securing approval from Congress. (http://nyti.ms/1VAeqpL) - DuPont said on Monday afternoon that Chief Executive Ellen Kullman, who is 59, would step down on Oct. 16, while conceding that it would have to cut its earnings forecast and accelerate a cost-cutting plan. (http://nyti.ms/1RrLfzo) - Nelson Peltz's Trian Fund Management has acquired a $2.5 billion stake in General Electric Co, seeking to reboot the stock after what the activist investor called a "tough decade" of performance. (http://nyti.ms/1OSXUNt) - Apparently looking to exploit the collapse of oil prices, Suncor Energy Inc, the largest integrated energy company in Canada, announced a hostile takeover bid for Canadian Oil Sands Ltd on Monday that it valued at C$6.6 billion dollars. (http://nyti.ms/1Q350ME) - The Swiss food giant Nestle SA said on Monday that it was in "advanced discussions" with R&R Ice Cream of Britain to form a joint venture that would combine some of Nestle's international ice cream operations with R&R. (http://nyti.ms/1RrMgYc) - The British government said on Monday that it planned to sell a 2 billion pound ($3.03 billion) stake in the Lloyds Banking Group to retail investors in the spring, as it prepares to exit ownership of the lender. (http://nyti.ms/1M967eG) - American Apparel Inc, the onetime arbiter of made-in-America cool, filed for bankruptcy protection early Monday, its business crippled by huge debts, a precipitous fall in sales, employee strife and a drawn-out legal battle with the retailer's ousted founder, Dov Charney. (http://nyti.ms/1RrMpeo) Britain The Times - Britain's biggest banks have lent more than $5 billion to the world's most active commodity traders, raising fears that they could suffer big losses if the falling price of natural resources sparks a crisis at one of the companies. (http://thetim.es/1NhsY9u) - The United States, Japan and 10 other Pacific Rim nations have agreed to the largest regional trade accord in history, the Trans-Pacific Partnership in a move that will place new pressure on European Union nations to conclude their own deal with America for freeing up trade. (http://thetim.es/1OU1Z3M) The Guardian - Cut-price shares in Lloyds Banking Group PLC are to be sold to the public next year in a move that will complete the sale of the taxpayer's stake in the bailed-out institution but risk exposing the government to a loss on the stock offering. (http://bit.ly/1FRGMVh) - Tesco PLC has withdrawn almost 70,000 packs of garlic bread slices after an investigation found some were underweight. Trading Standards officers said they discovered 39 packets of the supermarket's own-brand product had net weights below the figure declared on the packaging. (http://bit.ly/1LeL1uH) The Telegraph - Ordinary investors will be offered a 5 percent discount on shares and bonus shares in a 2 billion pounds ($3.03 billion) sale that will mark the final stage of Lloyds Banking Group PLC return to the private sector, the Treasury has announced. The sale risks making a loss unless Lloyd Banking Group PLC share price improves rapidly over the coming months. (http://bit.ly/1LcZ1Re) - BP PLC has got the "punishment it deserves," the U.S. Attorney General said, after agreeing the largest corporate settlement in U.S. history over the 2010 Gulf of Mexico oil spill. The British company will pay more than $20 billion in fines to resolve the disaster, which killed 11 workers and saw more than 3 million of barrels of oil flow into the sea, destroying marine life and businesses. (http://bit.ly/1MUVnyY) Sky News - Chancellor George Osborne has announced a radical devolution of business rates to local councils as the centrepiece of his speech to the Conservative Party conference in Manchester. The uniform business rate set in Whitehall will be scrapped, and local councils will take control of the setting of the controversial levy. (http://bit.ly/1L1ygzZ) The Independent - Apple Inc has bought a new artificial intelligence-powered company, VocalIQ, based in Cambridge, that aims to make robots easier to speak to and could lead to improvements in its voice assistant, Siri. (http://ind.pn/1WIJdho)