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here. U.S. stock futures were steady this morning after the Dow and S&P 500 closed at record highs on Monday. The Nasdaq soared 1.4 percent to start the week, making back some recent losses. (CNBC) Treasury Secretary Steve Mnuchin predicted that "massive tax reform" that includes both cuts and changes to the system will get finished this year. (CNBC) Oil was falling sharply again this morning, back to levels seen in the week following the president election. OPEC supplies jumped in May as output recovered in Libya and Nigeria, two countries exempt from the international production cut agreement. (Reuters) With international trade as one of the top issues of the Trump agenda, the current account balance is out at 8:30 a.m. ET. Forecasts point to a deficit of $122.3 billion in the first quarter. (CNBC) | Voters go to the polls today in the House special election in Georgia, a race viewed as the most significant proxy contest between the parties since Trump took office. South Carolina also votes in a House contest. (WSJ) Britain's Serious Fraud Office has charged Barclays, its former CEO, and three other ex-senior executives with fraud over the bank's dealings with Qatar at the height of the financial crisis. (FT) Tesla (TSLA) declined comment on a new NTSB report, which said a man killed in a crash last year while using Tesla's autopilot ignored warnings not to keep his hands off the wheel for extended periods of time. (Reuters) Boeing's (BA) new forecast predicts the world will need 41,039 new airplanes, worth more than $6 trillion, over the next 20 years. That's 3.6 percent increase over the company's forecast from last year. (CNBC) Drug research firm Parexel (PRXL) is being bought by private equity firm Pamplona Capital for $4.6 billion. Parexel shares were soaring 8 percent in the premarket. Novartis (NVS) said its experimental macular degeneration drug was equally effective as Regeneron's (REGN) rival drug Eylea with less frequent dosing. Regeneron shares were under pressure. Nestle (NSRGY) bought a minority stake in U.S.-based Freshly, which makes direct-to-consumer prepared meals. Nestle did not specify the amount of its investment. | | Senior Producer | | | Senior Producer | | Feedback We value your input—use our simple form to let us know what you think. Click here for Real-Time data and top stories on your desktop or mobile device. |
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