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The Market In 5 Minutes

IN THE NEWS

BENZINGA

Apple AAPL announced upcoming products either building on long-established lines or expanding the company's Internet of Things. Here is a rundown of the highlights: Link

Pandora Media Inc P seems to be proving the adage that beauty is in the eye of the beholder. Or maybe it’s more objectively attractive than it first appeared: Link

If investors were to sum up the year 2017 for specialty drug maker RedHill Biopharma RDHL in one phrase, it might be this: “catalyst-rich.”: Link

THE WALL STREET JOURNAL

Several state officials and auto makers are pillorying Volkswagen’s VLKAY plan to sell battery juice to Americans driving electric cars, contending the project more resembles an unfair government-backed windfall than penance for cheating on emissions tests: Link

21st Century Fox FOXA is getting into the mobile videogame business, acquiring a company that is currently working on an adaptation of the movie “Avatar.": Link

With less than two weeks’ notice last month, more than a dozen of the top global money managers accepted a dinner invitation halfway around the world. The host: Yasir al-Rumayyan, head of Saudi Arabia’s Public Investment Fund, which is set to become the world’s largest sovereign-wealth fund in coming years—and potentially their biggest benefactor, if the kingdom’s state-owned oil company goes public as planned: Link

REUTERS

U.S. solar companies Tesla Inc TSLA and Sunrun Inc RUN on Monday said they would resume selling rooftop panels in Nevada because legislators passed a bill reinstating a policy the state had abandoned 18 months ago: Link

World stocks fell while safe-haven gold and German government bonds were in demand on Tuesday as tension in the Middle East, an election in Britain and upcoming testimony from the former head of the FBI pushed investors away from risky assets: Link

Oil prices fell further below $50 a barrel on Tuesday on concerns that a diplomatic rift between Qatar and several Arab states including Saudi Arabia could undermine efforts by OPEC to tighten the market: Link

BLOOMBERG

China wants to own the 21st Century economy. That's why Beijing economic planners have mapped out a full-on strategy called Made in China 2025 to dominate in artificial intelligence, robotics, electric vehicles and other key sectors. The government is spending big on tax breaks and subsidies to get these industries off the ground quickly: Link

Investors looking for a return of market volatility might see those chances increase this week, with geopolitical risks looming large: Link

Central bankers and investors are grappling with a $100 trillion question: why consumer price inflation remains so low in most parts of the world even as economic growth quickens: Link

ECONOMIC DATA

  • Redbook Reports US Retail Sales During First Week of Jun. Up 0.7% MoM, Up 2.5% YoY
  • The Labor Department's JOLTS report for April will be released at 10:00 a.m. ET.
  • The Treasury is set to auction 4-week bills at 11:30 a.m. ET.

ANALYST RATINGS

This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here or email minutes@benzinga.com.

© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


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