- Bayer wins over Monsanto with improved $66 billion bid (Reuters)
- Yen trims gains as doubts creep in over BOJ easing (Reuters)
- BOJ to make negative rates centerpiece of future easing: sources (Reuters)
- Stocks Halt Selloff in Europe as Commodities Gains Lift Miners (BBG)
- Donald Trump, New Team Recast His TV Image (WSJ)
- Hanjin Brings One of World’s Busiest Shipping Terminals Close to Standstill (BBG)
- New York attorney general opens probe of Trump Foundation (Reuters)
- Rubber bullets and tear gas – how China’s ‘democracy village’ was silenced (Reuters)
- Colin Powell Urged Hillary Clinton’s Team Not to Scapegoat Him for Her Private Server, Leaked Emails Reveal (Intercept)
- There’s a $300 Billion Exodus From Money Markets Ahead (BBG)
- Gloom Descends on Luxury-Goods Industry (BBG)
- Kremlin: Obama’s Trump criticism anti-Russian, won’t foster better ties (Reuters)
- Are Americans Better Off Under Barack Obama? (WSJ)
- Three ships chartered to troubled Hanjin sold, more on the block (Reuters)
- EpiPen Maker Dispenses Outsize Pay (WSJ)
- U.K. unemployment rate stayed at an 11-year low (BBG)
- U.K. Likely to Invoke Article 50 in January, Nigel Farage Says (BBG)
- Top German companies say refugees not ready for job market (Reuters)
- Briton pleads guilty on Trump gun charges (BBC)
- Saudi Arabia Ousts U.S. as Biggest Oil Producer, IEA Says (BBG)
Overnight Media Digest
WSJ
– Newly installed campaign chief executive Stephen Bannon and campaign manager Kellyanne Conway are steering Donald Trump away from a preoccupation with rallies and wall-to-wall TV interviews toward “moments” that show him as presidential, with a caring side. http://on.wsj.com/2cvjt9C
– Mylan, assailed for hefty price increases on its lifesaving EpiPen, had the second-highest executive pay among all U.S. drug and biotech firms over the past five years, paying its top five managers a total of nearly $300 million. http://on.wsj.com/2clkoXl
– In his first solo appearance on the campaign trail Tuesday, President Barack Obama accused Republican nominee Donald Trump of adopting authoritarian Russian President Vladimir Putin as his “role model.” http://on.wsj.com/2cFke1A
– U.S. household incomes jumped in 2015, delivering the first increase in eight years, with the largest gains in the bottom fifth of earners. The overall 5.2% jump was the largest since the Census Bureau began releasing the data nearly 50 years ago. http://on.wsj.com/2c6k1z7
– Wells Fargo & Co CEO John Stumpf, in his first public comments since the bank was fined over its sales practices and fired thousands, said there was “no incentive to do bad things” but that some employees wouldn’t “honor” the bank’s culture. http://on.wsj.com/2cGwM6a
– Samsung Electronics Co is facing growing consumer confusion and anger as the world’s biggest smartphone maker grapples with a recall of its newest devices following reports of exploding batteries. http://on.wsj.com/2coV5Vs
– Ruby Tuesday Inc Chief Executive James Buettgen has resigned, the company said Tuesday, one month after the restaurant operator said it would close about 13 percent of its locations amid declining sales. http://on.wsj.com/2cpZrN4
– Palo Alto’s moratorium on new office construction in its downtown is only the latest dust-up in Silicon Valley, where resistance and challenges to development are sprouting rapidly. http://on.wsj.com/2cBGdp9
– Space Exploration Technologies Corp on Tuesday said it aims to resume Falcon 9 launches as early as November from an alternate pad, after a rocket explosion during ground tests two weeks ago caused what the Air Force calls moderate damage to its launch site. http://on.wsj.com/2cm5zUv
FT
Bayer AG and Monsanto Co are close to announcing a deal where Bayer will buy Monsanto for just under $130 per share, people informed about the negotiations said.
BBC Trust Chair Rona Fairhead is to step down after Theresa May ordered a re-run of the process to find a head for the UK broadcaster.
The World Anti-Doping Agency accused a Russian cyber espionage group of hacking confidential files of athletes who competed at the Rio Olympics.
The top two executives at German industrial gases group Linde AG are to leave after the failure of talks with U.S. rival Praxair Inc about a merger.
NYT
– The billionaire hedge fund manager Ray Dalio on Tuesday defended the “unusual” culture at his $150 billion firm, Bridgewater Associates. Speaking at a hedge fund conference in Manhattan, Dalio said Bridgewater’s policy of “radical transparency” was not for everyone. http://nyti.ms/2cDjskG
– The 11-year-old accounting fraud case against former American International Group chief executive Maurice R Greenberg finally came to trial on Tuesday in a state courthouse in Lower Manhattan. http://nyti.ms/2crbAR6
– In one of the earliest moves to bring employee benefits to workers in the so-called gig economy, Care.com, an online marketplace that connects millions of families with babysitters, nannies and caregivers announced on Wednesday that it would provide up to $500 a year for workers to use for health care, transportation or education expenses. http://nyti.ms/2cHOczo
– Google may have to pay publishers for their content. Facebook might, too. WhatsApp could have to follow tougher telecom standards. A new set of rules, expected to be unveiled by European Union officials on Wednesday, is likely to put new pressure on American tech companies. http://nyti.ms/2cq4sVP
– Southern California Gas Company, which operated a natural gas storage system that leaked last year spewing thousands of tons of methane and other chemicals into the air and forcing the evacuation of more than 6,000 people, reached a $4 million settlement with state prosecutors, officials announced on Tuesday. http://nyti.ms/2cvlyz9
– A Delta Air Lines jet skidded off a snowy runway at La Guardia Airport and nearly plunged into Flushing Bay last year because its pilot used excessive force to slow the plane as it landed, federal transportation safety officials said on Tuesday. http://nyti.ms/2cHJ9is
– Vice Media said on Tuesday that it was delaying the start of its daily HBO half-hour newscast by two weeks. The program, “Vice News Tonight,” will now begin on Oct. 10 instead of Sept. 26, as Vice had announced. http://nyti.ms/2c9vpim
Britain
The Times
JD Sports Fashion Plc has put the recent poor performance of Sports Direct into the shade with its latest financial results, which showed profits up 66 per cent. http://bit.ly/2ckwoh7
An obstacle blocking approval for the Hinkley Point nuclear reactor was lifted yesterday as ministers appeared to change the decision criteria. http://bit.ly/2ckvOjv
The Guardian
James Dyson, the billionaire inventor, has said there is no reason for businesses in Britain to be uncertain as a result of the EU referendum and that they would be mad to withhold investment on the back of the vote. http://bit.ly/2ckxxp5
Shares in Ocado Group Plc plunged on Tuesday after the online grocer reported that profit margins were under pressure amid fierce competition between food retailers. http://bit.ly/2ckyBJu
The Telegraph
The European Union is facing an “existential threat,” European Commission President Jean-Claude Juncker will warn on Wednesday, as major splits emerge between East and West countries in the wake of Brexit. http://bit.ly/2ckyhum
Sky News
A British-based oilfield services group employing thousands of people is to fall under the control of a quartet of investment funds as part of a financial overhaul triggered by sharp falls in oil prices. http://bit.ly/2cjqoFm
British lender CYBG Plc is shutting 50 branches as it ramps up cost-cutting efforts. http://bit.ly/2ckzbqu
The Independent
The Bank of England is about to start buying up Apple Inc’s debt, in a move that will drive down borrowing costs for the company, which is currently embroiled in a tax scandal in Ireland. http://ind.pn/2cpP9wn
Uber Technologies Inc has accused London Mayor Sadiq Khan of favouritism towards black cabs after he announced new measures to regulate the industry. http://ind.pn/2cpPtv8
via http://ift.tt/2cqQP8J Tyler Durden