Wednesday Morning Reads
Reads:
- Starboard Value has taken a stake in MGM Resorts (MGM) and HG Vora has taken a stake in Caesars (CZR). NY Post Report
- Tencent Music Entertainment Group (TCEHY) plans to cut its IPO listing by $2 bln. Reuters Report
- AstraZeneca (AZN) wants to become broader healthcare company in China using robotics. Reuters Report
- India plans to increase duties on steel (SLX). Reuters Report
- Goldman Sachs (GS) was also subpoenaed in DoJ investigation into Tesla (TSLA). NY Times Report
- Shipments of Apple (AAPL) iPhone XR could reach 20 mln in October. Digitimes Report
- China will not weaken its currency to increase exports (FXI). Reuters Report
- North Korea has agreed to allow outside inspectors to visit missile test sites (EWY). WSJ Report
News:
- Global markets track higher
- Split decision for Amazon?
- Alibaba aims high with new chips
- Target declares $0.64 dividend
- GE Transportation lands approval for locomotives in India
- Realty Income declares $0.2205 dividend
- China tariff move worries developers of U.S. LNG export projects
- Reuters: Tencent Music halves U.S. IPO to $2B
Futures:
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