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The Trump administration is turning to allies in Asia and Europe for trade deals as U.S. relations with China deteriorate and the two world's largest economies exchange tit-for-tat tariffs that risk damaging global commerce.
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 Retailers and manufacturers have a lot to say about the new tariffs on Chinese goods.
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 Shares of Pandora Media Inc. swung to a loss Monday, erasing earlier sharp gains, as the selloff in SiriusXM Holdings Inc.'s stock after SiriusXM said it agreed to buy Pandora in an all-stock deal pulled down the implied value of Pandora shares. Earlier Monday, Pandora's stock was up as much as 10%, as based on Friday's closing price of SiriusXM shares, the terms of the deal--1.44 SiriusXM shares for each Pandora share--valued Pandora shares at $10.05 each. But with SiriusXM shares tumbling 8.9% in afternoon trade, the deal now values Pandora's stock at $9.16. Pandora's stock has now gained 9.4% over the past three months, while SiriusXM shares have slumped 11% and the S&P 500 has tacked on 6.0%.
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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U.S. stocks ended lower Monday, and the Dow Jones Industrial Average halted a four-session winning run, as tensions over the U.S. and China's trade fight sapped appetite for assets considered risky. The Dow fell about 180 points (on a preliminary basis) to 26,562, booking its first close without also logging an all-time high since Thursday. Shares of Apple Inc. and Walt Disney Co. helped to lift the blue-chip gauge but those gains were more than offset by declines in Home Depot Inc. and Boeing Co. , which delivered the biggest drag on the gauge. The S&P 500 index , meanwhile, gave up 0.4% at 2,919, while the Nasdaq Composite Index eked out a slight gain, up less than 0.1% at 7,993, supported by the advance in Apple and shares of Microsoft Corp. . On Monday, Chinese officials called off planned negotiations on trade with the U.S. and fired back against the administration of President Donald Trump, accusing it of "trade bullyism." A set of reciprocal tariffs on U.S. and Chinese imports were set to be imposed on Monday, underlining escalating tensions between the global economic superpowers. The energy sector was a bright spot on the day as crude-oil prices surged after major energy producers over the weekend declined to commit to increasing crude output to address expected supply disruptions at a closely watched producer meeting. Global benchmark oil, Brent oil , finished at a nearly four-year high on Monday, while the U.S. counterpart, West Texas Intermediate crude , closed at the highest level in about two months, bolstering the energy sector . In corporate news, a number of deals were in focus, including a deal by Sirius XM Holdings Inc. to purchase streaming-music company Pandora Media Inc. in a acquisition valued at $3.5 billion. Separately, Randgold Resources Ltd. and Barrick Gold Corp. said they planned on merging in an all-share deal that will create an $18.3 billion gold-mining giant.
Market Pulse Stories are Rapid-fire, short news b
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The new round of tariffs on Chinese goods will have devastating effects for retail and consumers, Rick Helfenbein, president and CEO of retail trade group American Apparel & Footwear Association, told CNBC on Monday.
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 Stock markets around the world retreated on Monday amid concerns over the potential wider impact of a trade spat between China and the United States, while oil prices rallied to a four-year high after OPEC ignored U.S. calls to raise supply.
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U.S. stocks close mostly lower Monday as the U.S.-China trade war entered a new phase.
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Fortune
Happy Monday, readers. This is Sy. I'm traveling back to New York from our nation's capital after an edifying time at the Biden Cancer Summit. I'll have a lot more to say about that—as well as about my luncheon panel with Dr. Laura Esserman, Dr. Feng
Amarin's Huge Rally: Here's Why the Stock Is Soaring and How to Trade
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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 ...
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 * Brexit row hurts sentiment
(Adds settled oil prices; updates prices throughout)
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