- Investors Await Fed Minutes for Clues on Rate Rises (WSJ)
- Democrats Counter GOP Tax-Cut Pitch by Warning of Long-Term Pain (BBG)
- Trump Jr: ‘Nonsense’ That Family Is Profiting From Presidency (BBG)
- America’s Emerging Petro Economy Flips the Impact of Oil (WSJ)
- GM eyes 10-year $2.8 billion investment in South Korea (Reuters)
- Over half of Japan firms do not plan base pay rise this year (Reuters)
- Evangelical Preacher Billy Graham Has Died (BBG)
- Japan to buy at least 20 more F-35A stealth fighters (Reuters)
- Broadcom cuts Qualcomm bid by $3 per share (Reuters)
- Bump Stock Prices Soar After Trump Proposes Ban (BBG)
- Investment star Alan Howard’s comeback hits headwind (Reuters)
- New Jersey Transit’s Hidden Danger: Bad Brakes, Bare Wires, Rotten Parts (BBG)
- Behind walls of his mansion, Zimbabwe’s Mugabe turns 94 (Reuters)
- Russian Trolls Tweeted Disinformation Long Before U.S. Election (WSJ)
- Dish Network profit surges on $1.2 billion U.S. tax law benefit (Reuters)
- Nobody Wants to Let Google Win the War for Maps All Over Again (BBG)
Overnight Media Digest
WSJ
– Qualcomm Inc pumped new life into its bid for NXP Semiconductors raising its offer to $44 billion and locking up support from key stakeholders— a move Broadcom Ltd had warned could prompt it to end its $121 billion pursuit of Qualcomm. on.wsj.com/2CykyXN
– A federal judge undercut AT&T Inc plans to argue that the Justice Department is challenging its acquisition of Time Warner Inc for political reasons, ruling that the company can’t have information on internal government deliberations. on.wsj.com/2CCr7Zu
– New Jersey Governor Phil Murphy said he would seek to improve coordination among schools, law enforcement and state agencies to prevent school violence in response to the deadly school shooting in Parkland. on.wsj.com/2CArR18
– 3M Co will pay $850 million to settle Minnesota’s lawsuit, claiming the manufacturer contaminated water in the state for at least five decades. on.wsj.com/2CyY3C4
FT
Prime Minister Theresa May has been urged to broker a Brexit that would allow “full regulatory autonomy” outside the EU and the ability for Britain to start negotiating trade deals throughout the two-year transition period that begins in March 2019, according to a letter sent to her by a group of Tory Eurosceptic MPs. on.ft.com/2EI07gQ
Penny Mordaunt, the international development secretary, threatened to strip existing public contracts from crisis-hit charity Oxfam, saying its former trustees misled donors and regulators about aid workers’ use of prostitutes in Haiti.
Britain’s biggest mortgage lender Lloyds Banking Group Plc is set to announce plans to buy back 1 billion pound ($1.40 billion) of its shares when it releases its annual results on Wednesday.
NYT
– Qualcomm Inc on Tuesday increased its takeover bid for rival chipmaker NXP Semiconductors NV to about $44 billion in hopes of shoring up support for the deal. nyti.ms/2oeVOzl
– Supermarket operator Albertsons Companies Inc said on Tuesday that it would buy the remnants of the Rite Aid Corp drugstore chain. nyti.ms/2CyyvF2
– A federal judge blocked AT&T Inc’s move to obtain communication logs between the Justice Department and the White House on Tuesday, hampering the phone company’s argument that politics played a role in the government’s decision to halt a merger with Time Warner Inc. nyti.ms/2CA7KzU
– With Venezuela suffering one of the most severe economic collapses of modern times, the beleaguered administration of President Nicolas Maduro announced on Tuesday that it had begun a presale of virtual currency backed by the nation’s vast petroleum reserves. nyti.ms/2CAHWDL
Canada
THE GLOBE AND MAIL
** The B.C. budget aims to temper the province’s hot housing market but neither the government nor other observers know what the impact on real estate prices will be. (tgam.ca/2BG2vlz)
** Ontario is planning to impose hard limits on solitary confinement in its prisons – one of a series of proposals contained in a new corrections bill in the works since the plight of a Lac Seul First Nations inmate came to light in 2016. (tgam.ca/2omhZmE)
** Hyundai Auto Canada will enable its dealers to conduct full sales online, allowing customers to preorder cars, put down deposits, build-and-price online, get a trade-in quote on their current vehicle, schedule a test drive and fill out credit paperwork. tgam.ca/2CaDLD3
NATIONAL POST
** Ottawa Valley MPP Randy Hillier intensified his campaign against former Progressive Conservative leader Patrick Brown on Tuesday, reporting him to the provincial integrity commissioner for alleged ethics violations. bit.ly/2okVdeB
via Zero Hedge http://ift.tt/2omyqzi Tyler Durden