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MarketWatch MarketPulseJun 18, 2019
S&P 500 ends around 1% short of record after Trump touts U.S.-China trade meeting
U.S. stocks ended higher on Tuesday, after President Trump touted a positive phone call with his Chinese counterpart Xi Jinping about next week's trade meeting at the G-20 summit in Japan. The Dow Jones Industrial Average rose 355 points, or 1.4%, to end around 26,466. The S&P 500 index was up almost 1% to finish near 2,918, while Nasdaq Composite Index climbed 1.4% to 7,954. The S&P 500 ended the day close to 1% away from its all-time closing record. Trump said on Twitter that he will hold an "extended meeting" with President Xi at the G-20, with markets hoping that they can hash out a deal to avert further tariffs on Chinese imports. ECB President Mario Draghi also said on Tuesday that the euro-area central bank would keep its options open about cutting rates in the coming weeks.

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.



MarketWatch MarketPulseJun 18, 2019
Allergan stock jumps 3.8% after Evercore ISI analyst says company is likely heading toward a split
Shares of Allergan Plc shot up 3.8% Tuesday afternoon after Evercore ISI analyst Umer Raffat said a call with the drugmaker's general counsel left him "with the sense that Allergan is heading towards a split and may likely lay out timelines." He added in a note to clients that he thinks the company will give an update in the next couple of months. Analysts have long called for a split and activist investors have long pushed for the company to also separate out its chairman and chief executive roles, which are both held by Brent Saunders. Allergan has been dealing with some significant issues in the past year -- investors are worried about the future of Botox, the company's biggest earner, as it faces competition in the anti-wrinkle and injectable migraine treatment markets. Investors were also rattled by the failure of depression drug rapastinel -- once considered by many to be Allergan's next big blockbuster drug -- in clinical trials earlier this year. In May, Saunders said he had heard investors' concerns "loud and clear," adding that "everything is on the table," including the possibility of splitting the company up. Shares of Allergan have fallen 10.6% in the year to date, while the S&P 500 has gained 16.4%.

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 NewsJun 18, 2019
Amazon expands air cargo fleet with 15 more planes, will have 70 planes by 2021 - TechCrunch
Amazon expands air cargo fleet with 15 more planes, will have 70 planes by 2021  TechCrunchAmazon adds 15 Boeing 737 freighters to grow air fleet to 70 planes by 2021  CNBCAmazon Prime Air gets more planes to boost one-day shipping to you  CNETAmazon adding 15 more cargo planes to its fleet, will have 70 by 2021  Business InsiderAmazon Air Networks Reaches Lease Deal for 15 Boeing 787-800s at Paris Air Show  TheStreet.comView full coverage on Google News

Google Business NewsJun 18, 2019
Why to expect a US-China trade deal by Labor Day - Washington Examiner
Why to expect a US-China trade deal by Labor Day  Washington ExaminerTrump and Xi Will Meet at G-20 Amid Stalled Trade Talks  The New York TimesChina Is Cutting Tariffs—For Everyone Else  The AtlanticTrump says he and China's Xi spoke, will have 'extended meeting next week' at G-20  CNBCWhen This China Critic Speaks, It Pays to Listen  BloombergView full coverage on Google News

Reuters Company NewsJun 18, 2019
UPDATE 2-Investor Litt says Hudson's Bay worth double chairman's C$1.74 bln bid
Activist shareholder Jonathan Litt lambasted a C$1.74 billion bid to take Canadian retailer Hudson's Bay Co private as "woefully inadequate" on Tuesday, saying the chairman-led shareholder group looking to push through a deal could double the offer.

MarketWatch MarketPulseJun 18, 2019
Tempur Sealy shares climb 5% premarket after company unveils deals with Mattress Firm, Big Lots
Tempur Sealy International Inc.'s shares rose 5% in premarket trade Tuesday, after the mattress company said it has added two new retailers to its network and expanded its relationship with an existing one. The Lexington, Ky.-based company said it expects the new agreements too boost sales by more than $400 million on an annual run rate basis. It expects the sales lift to add $75 million to $100 million to annual adjusted EBITDA from 2020. The new retailers are Mattress Firm Inc., which will reintroduce Tempur-Pedic, Stearns & Foster and Sealy branded products at about 2,500 stores across the U.S. That deal is expected to start in the fourth quarter and to be completed early in the first quarter of 2020. The second retailers is Big Lots Inc., which has 1,400 stores in the U.S. The company is extending its agreement with Beter Bed Holding, a European retailer. Tempur Sealy shares have gained 63% in 2019, while the S&P 500 has gained 15%.

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.



MarketWatch MarketPulseJun 17, 2019
WarnerMedia reportedly near $500 million deal with J.J. Abrams
AT&T's WarnerMedia is close to a deal worth around $500 million with Hollywood hit maker J.J. Abrams, the New York Times reported Monday. Abrams' Bad Robot Productions has been behind popular TV shows such as "Lost," "Alias" and "Westworld," and blockbuster movies such as "Star Trek: Beyond" and "Mission: Impossible -- Rogue Nation." Abrams also directed the Walt Disney Co.'s "Star Wars: The Force Awakens" and the upcoming "Star Wars: The Rise of Skywalker." Under the deal, WarnerMedia would reportedly get the right of first refusal for Abrams' future productions. It is unclear if Abrams will still be able to direct films for other studios. WarnerMedia is expected to launch a streaming service later this year, and is seeking content creators for future competition with Netflix Inc. and Disney Plus, among others.

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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