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MarketWatch MarketPulseSep 24, 2018
U.S. stock market retreats at the open as tariff tensions return to the fore
U.S. stocks on Monday mostly headed lower at the open as tensions over tariffs remained in focus for investors after China canceled trade talks with the U.S. on the deadline for a fresh round of tariffs for the superpowers. The Dow Jones Industrial Average fell 0.3% at 26,670, the S&P 500 index retreated by 0.3% at 2,919, while the Nasdaq Composite Index retreated 0.8% at 7,918. The blue-chip Dow is coming off its second straight record, after notching its first since Jan. 26 on Thursday, even as worries about escalating tensions between Beijing and Washington ran in the background. A new round of tariffs between China and the U.S. were set to take effect Monday. Meanwhile, rising oil prices are expected to offer some support for the energy sector as Brent crude oil , the international benchmark, traded at a roughly four-year high above $80 a barrel and the U.S. oil benchmark was trading at its highest levels since around July. A gathering of energy producers that concluded without a clear plan to address an expected shortfall from Iran due to U.S. sanctions on the country, was cited as the spark for Monday's crude-oil rally. In corporate news, Sirius XM Holdings Inc. said it is buying music-streaming firm Pandora Media Inc. in an all-stock deal valuing the company at about $3.5 billion. Shares of Pandora soared by more than 6%, while those for Sirius declined by 4.6%. Comcast Corp. topped 21st Century Fox Inc. in the monthslong takeover battle for European pay-TV giant Sky PLC.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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Asia Markets: Hong Kong stocks under pressure as trade jitters resurface; holidays keep rest of Asia quiet (MarketWatch)
Hong Kong stocks under pressure as trade jitters resurface; holidays keep rest of Asia quiet - MarketWatch (Google Business News)

Google Business NewsSep 24, 2018
SiriusXM To Buy Internet Radio Pioneer Pandora In $3.5 Billion Deal - NPR

NPR


Satellite radio giant SiriusXM is buying the Berkeley, Ca.-based digital radio company Pandora in an all-stock deal valued at $3.5 billion, both companies announced on Monday morning. The deal is expected to close in early 2019. The merger would create ...
SiriusXM to Acquire Pando


Reuters BusinessSep 24, 2018
Wall Street opens lower on trade woes, tech drop
U.S. stocks opened lower on Monday, led by declines in technology stocks and as the latest round of U.S.-China tariffs took effect.

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US STOCKS SNAPSHOT-Wall St opens lower on trade woes, tech drop (Reuters Company News)

MarketWatch MarketPulseSep 24, 2018
Disney stock gains after company loses Sky bid, 'dodges a bullet'
Shares of Walt Disney Co. are up 1% in premarket trading Monday after the company lost out to Comcast Corp. in a bidding war for British television company Sky. Bernstein analyst Todd Juenger wrote that Disney "dodge[d] a bullet" and achieved "the best possible result" by missing out on a Sky acquisition. "We never understood why Disney would want to operate a European [direct broadcast satellite] business, and we never understood how Sky would contribute to Disney's DTC strategy," wrote Juenger, who has a market perform rating on the stock and a $113 price target. B. Riley analyst Barton Crockett also found the result "helpful" for Disney. "We had worried that if Disney/Fox ended up running Sky, Disney would enter a competitive European pay TV business that was removed from its core content/theme park wheelhouse," he wrote. Crockett rates the stock at neutral and has a $121 price target. Disney shares are up 12% over the past 12 months, while the S&P 500 has gained 17%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



RELATED ARTICLES
Comcast stock falls after analysts downgrade on view that Sky could be an 'albatross' (MarketWatch MarketPulse)

Google Business NewsSep 24, 2018
Comcast Stock Slides After $40 Billion Bid for Sky as Fox Stays Mum on Stake - TheStreet.com

TheStreet.com


Comcast Corp. (CMCSA) shares slipped lower in pre-market trading Monday after the biggest U.S. cable group topped rivals Walt Disney Co. (DIS) and 21st Century Fox (FOXA) for the right to buy Britain's Sky Plc (SKYAY) but may struggle to convince ...
Behind


MarketWatchSep 24, 2018
Europe Markets: Deal news lifts Sky, Randgold, but trade worries weigh on Europe's stock index
European stocks struggle on Monday, weighed by renewed jitters, but there were some bright spots as mergers and acquisitions news buoyed shares of Sky and Randgold Resources.

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Randgold's stock rallies 6.6% premarket after Barrick Gold merger deal (MarketWatch Breaking News)

Reuters BusinessSep 24, 2018
European markets dip as trade war pessimism weighs again
European stock markets traded in negative territory on Monday as fears of an escalating trade row between the United States and China spread from Asian markets, while oil rallied after OPEC ignored U.S. calls to raise global supply.

RELATED ARTICLES
GLOBAL MARKETS-European markets dip as trade war pessimism weighs again (Reuters Company News)

MarketWatchSep 24, 2018
Market Snapshot: Dow retreats from record as new tariffs take effect; tech stocks tumble
U.S. stocks fall in early trading on Monday, with major technology stocks among the biggest drags as the latest round of tariffs on U.S. and Chinese goods take effect.

Reuters Company NewsSep 24, 2018
CANADA STOCKS-TSX opens higher on oil boost
Canada's main stock index opened higher on Monday, as a surge in crude oil prices to a four-year high lifted energy stocks.

Google Business NewsSep 24, 2018
UPDATED: Amarin scores a big win for its cardio outcomes study on Vascepa — stock races higher as analysts applaud - Endpoints News

Endpoints News


Amarin $AMRN has staked its claim to the next big blockbuster in the cardio space, heralding a clear statistical win on the primary endpoint for its 7-year clinical quest to prove that its industrial strength purified fish oil Vascepa can significantly


MarketWatch MarketPulseSep 24, 2018
Amarin's stock rockets nearly 4-fold after positive trial results
Shares of Amarin Corp. rocketed nearly four-fold, soaring 286% in premarket trade Monday, after the company said its cholesterol treatment met its primary endpoint of risk reduction. The company said Vascepa LDL-C treatment was also well tolerated. "Cardiovascular disease is the #1 killer of men and women worldwide1 and the REDUCE-IT trial results could lead to a new paradigm in treatment for the millions of patients in Canada currently at risk for this disease," said Greg Gubitz, chief executive of HLS Therapeutics Inc. , which has an agreement to commercialize Vascepa. Amarin will provide more detail on the trial results in November. Amarin's stock is on track to open at the highest level seen during regular session hours since December 2012. It has lost 25.4% year to date through Friday, while HLS shares have more than tripled and the S&P 500 has gained 9.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Google Business NewsSep 24, 2018
World Shares Fall on Reports China-US Trade Talks Put Off - U.S. News & World Report

U.S. News & World Report


BANGKOK (AP) — Shares have fallen in Europe and Asia after China reportedly rebuffed a plan for talks with the U.S. on resolving their dispute over trade and technology. KEEPING SCORE: Germany's DAX fell 0.4 percent to 12,382.50 and the CAC 40 in ...


RELATED ARTICLES
UPDATE 1-Trade war dents European shares while M&A boosts Sky, Randgold (Reuters Company News)
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