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Morgan Stanley has cut its worst-case forecast on Tesla Inc.'s (TSLA) share price from the previous estimate of $97 to just $10, dealing another blow to the luxury electric car maker. The worst-case or "bear case" scenario by Morgan Stanley analysts...

Nike, Adidas Beg Trump: Please, No Tariffs

Snap Makes Ruthless Changes At The Top

European Economics Preview: UK Inflation Data Due

Consumer and producer prices and public sector finance reports from the UK are due on Wednesday, headlining a light day for the European economic news. At 3.00 am ET, European Central Bank President Mario Draghi is set to speak at an event organized...

BoJ's Harada Sees Need For More Monetary Stimulus Without Delay

New Zealand Retail Sales Volume Gains 0.7% In Q1

Former White House Counsel Defies Subpoena To Appear Before House Committee

For the second time in less than a month, a senior member of President Donald Trump's administration defied a subpoena to appear before the House Judiciary Committee on Tuesday. Former White House Counsel Don McGahn joined Attorney General William...

US Grants Temporary License To Huawei For 90 Days

McConnell Introduces Bipartisan Bill To Raise Tobacco Age To 21

European Shares Mixed Ahead Of Fed Minutes

European stocks were trading mixed on Wednesday as global trade tensions mounted and investors looked ahead to the release of FOMC meeting minutes for direction. Investors fretted about a protracted U.S.-China trade war after the New York Times reported...

Asian Shares End On Muted Note

European Shares Seen Opening On Steady Note

European Shares Mixed Ahead Of Fed Minutes

Asian Shares End On Muted Note

European Shares Seen Opening On Steady Note

5 Top Losers In Pharma Sector (BCRX, ONCS, OCUL...)

European Economics Preview: UK Inflation Data Due

BoJ's Harada Sees Need For More Monetary Stimulus Without Delay

Asian Markets Mostly Higher With Modest Gains

5 Top Gainers In Pharma Sector (ARRY, EQ, ARWR...)

U.S. Stocks Show Strong Move Back To The Upside

Former White House Counsel Defies Subpoena To Appear Before House Committee

Microsoft Works On Decentralized Identity Network On Top Of Bitcoin Blockchain

Technology giant Microsoft is working on a decentralized identity or DID network on top of the bitcoin blockchain. In a blog post, the company announced an early preview of a Sidetree-based DID network, called Identity Overlay Network or ION. The infrastructure atop the bitcoin blockchain is based on an emerging set of open standards developed with partners in the Decentralized Identity Foundation

SEC Again Delays Decision On Bitwise Bitcoin ETF Application

The United States Securities and Exchange Commission has again delayed taking a decision on bitcoin exchange-traded fund or ETF application by Bitwise Asset Management. The regulator requested public comments to determine whether to approve or disapprove the proposed rule change related to the listing and trading of shares of the bitcoin ETF, as modified by amendment on May 7.

Futures Suggest Lower Opening For Wall Street

Retails Sales and Industrial Production reports for April are the important economic announcements on Wednesday. Investors continue to have an eye on the developments related to U.S.- China trade talks. Early cues from the U.S. Futures Index is...

U.S. Stocks May Move Back To The Downside In Early Trading

Stocks may come under pressure in early trading on Wednesday, moving back to the downside following the rebound seen in the previous session. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 145 points.

White House

No Plans To Fly Migrants From Mexican Border To Florida: Trump

President Donald Trump refuted reports of proposed mass transfer of migrants from the southern border to northern or coastal border facilities, including in Florida, to lessen the workload at crowded Border Patrol facilities. "False reporting yesterday. There are no plans to send migrants to Northern or Coastal Border facilities, including Florida," Trump said on Twitter Sunday, naming Fox News.

Trump Lifts Steel And Aluminum Tariffs On Canada, Mexico

Trump Delays Imposing Auto Tariffs For Up To Six Months

Trump Unveils Plan To Overhaul Immigration System

Congress

Former White House Counsel Defies Subpoena To Appear Before House Committee

Donald Trump Jr. Agrees To Appear Before Senate Intelligence Committee

Economy

U.S. Existing Home Sales Unexpectedly Dip 0.4% In April

Existing home sales in the U.S. unexpectedly showed a modest decrease in the month of April, according to a report released by the National Association of Realtors on Tuesday. NAR said existing home sales dipped by 0.4 percent to an annual rate of 5.19 million in April.

OECD Trims Global Growth Outlook On Trade Disputes

Thailand Cuts Outlook After Economy Logs Weakest Growth Since 2014

RBA Chief Hints Rate Cut In June

European Economics Preview: OECD Economic Outlook Report Due

Singapore Lowers 2019 Growth Outlook

European Economics Preview: Eurozone Current Account Data Due

U.S. Consumer Sentiment Shows Substantial Improvement In May

Health

Low-Dose Aspirin Associated With An Increased Risk Of Bleeding In Skull

The benefits of daily aspirin in patients with established cardiovascular disease outweigh the risks. There is no question about it. But the role of low-dose aspirin in the primary prevention of cardiovascular disease, i.e. for lower-risk people without a history of heart disease, has long been debated.

Markets

FTSE 100 Rises In Cautious Trade

U.K. stocks advanced on Wednesday and the pound extended a negative trend after British Prime Minister Theresa May set out what she called a "new" Brexit deal for Britain's departure from the EU. The deal offers the option of a parliamentary vote on holding a second referendum on her deal if it clears...

Business

Another Warning About Shaky Tesla

Morgan Stanley has cut its worst-case forecast on Tesla Inc.'s share price from the previous estimate of $97 to just $10, dealing another blow to the luxury electric car maker. The worst-case or "bear case" scenario by Morgan Stanley analysts takes into account the risk posed if Tesla misses its current sales outlook for China by about half.

Cryptocurrency NEW

ABN AMRO Among Firms Exploring Launch Of Digital Blockchain Platform Forcefield

ABN AMRO is among other commodity industry players and financial institutions that are exploring options to launch digital blockchain platform Forcefield, which will help track trade inventories in real-time.The other firms that have until now signed a MOU to launch Forcefield are Accenture, Anglo American, CMST International, Hartree Partners, ING Bank, Macquarie, Mercuria and OCBC Bank. Read More

FDA Monitor

Biotech Stocks Facing FDA Decision In May 2019

A lot happened in the month of April, from the resignation of FDA Commissioner Scott Gottlieb coming into effect to the launch of the world's first malaria vaccine. Now, let's take a look at the companies that await a ruling from the FDA in May 2019. Read More

Biotechnology

Date	Indicator	Period	Country
05/22/19 6:0	PPI (Y-o-Y)	APR	Ireland
05/22/19 6:0	PPI (M-o-M)	APR	Ireland
05/22/19 6:0	Unemployment Rate	Q1	Latvia
05/22/19 5:0	Wage Cost Index (Y-o-Y)	APR	Iceland
05/22/19 5:0	Wage Cost Index (M-o-M)	APR	Iceland
05/22/19 4:55	Interest Rate Decision	-	Iceland

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FDA Calendar

Event Date	Symbol	Drug Name	Event Name
08/19/19	NBRV	Lefamulin (NDA)	FDA decision on oral and IV formulations of Lefamulin for bacterial pneumonia
08/16/19	VNDA	HETLIOZ (sNDA)	FDA decision on HETLIOZ for the expanded indication of jet lag disorder
08/03/19	DSKYF.PK	Pexidartinib (NDA)	FDA decision on Pexidartinib for the treatment of adult patients with symptomatic tenosynovial giant cell tumor
07/06/19	KPTI	Selinexor (NDA)	FDA decision on Selinexor for patients with refractory multiple myeloma
06/30/19	DOVA	DOPTELET (sNDA)	FDA decision on DOPTELET for chronic immune thrombocytopenia

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Bond Markets Treasuries Move Slightly Lower Amid Easing Trade Concerns Treasuries Move Modestly Lower Despite Lingering Trade Concerns Treasuries Pull Back Well Off Best Levels But Close Modestly Higher Treasuries Give Back Ground Following Recent Strength Read More	Commodities Gold Hovers Near Two-week Low Ahead Of Fed Minutes Oil Prices Slide On Surprise Stockpile Rise Oil Futures Settle Slightly Lower Gold Futures Settle Lower Read More	Currencies Dollar Higher As Building Permits Surge, Jobless Claims Unexpectedly Drop Read More
Earnings Advance Auto Parts Maintains FY19 Outlook - Quick Facts Target Corp. Bottom Line Climbs In Q1 Photronics Guides Q3 EPS In Line, Revenues Above - Quick Facts Lowe's Q1 Adj. EPS Miss Estimates; Slashes FY19 Adj. EPS Outlook - Quick Facts Read More	Stock Alerts Read More	IPOs Biotech IPOs For The Week Ahead Read More
Entertainment Read More	Mergers & Acquisitions Acacia Mining Provides Update On Tanzania Discussions; Possible Barrick Offer Apple Bid To Buy Tesla For More Than Its Current Market Price In 2013 Crane Co. Offers To Acquire CIRCOR For $45/shr; CIRCOR Shares Jump 50% Arthur J. Gallagher Buys Minority Stake In Edelweiss Insurance Brokers Read More	Industries 5 Top Losers In Pharma Sector (BCRX, ONCS, OCUL...) 5 Top Gainers In Pharma Sector (ARRY, EQ, ARWR...) McConnell Introduces Bipartisan Bill To Raise Tobacco Age To 21 Another Warning About Shaky Tesla Read More