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U.S. markets news

The Upshot|Theories of the Race: How Solid Is Hillary Clinton's Lead?
Hillary Clinton's lead in national polling is down to about two percentage points. Credit Gabriella Demczuk for The New York Times.
Clinton needs Obama to carry her across the finish line  CNN
Race still matters: Why race should be part of first debate  The Hill (blog)
Politico (blog)  
John Oliver Decimates Wells Fargo's John Stumpf in 4 Minutes
Watch the hilarious and devastating segment. Comedian John Oliver returned to late-night TV on Sunday night after his most recent hiatus and the host of HBO's Last Week Tonight dove into trending news topics like the recent riots in Charlotte and the ...
Wells Fargo Workers: Fake Accounts Began Years Ago  CBS Local
Wells Fargo (WFC) Stock Slides, Former Employees File Wrongful Termination ...
The pound fell back to near Brexit lows
The currency is down 0.2% at 1.2933 against the dollar as of 7:33 a.m. ET - not that far off of the post-Brexit low of 1.2798. Separately, a new KPMG survey found that just over three-quarters of the 100 CEOs surveyed were considering relocating their ...
UK CEOs Consider Pulling Up Stakes Because of Brexit  New York Times
Well Of Course The Majority Of CEOs Are Considering Relocation After Brexit ...  Forbes
Options Exchange CBOE To Buy Bats For $3.2 Billion In Equities Trading Push
CBOE Holdings, the largest U.S. options exchange, is buying Bats Global Markets, the second largest stock exchange, as trading venues continue their consolidation and push to have business lines across all financial asset classes.
CBOE buys Bats Global for $3.2B exchange market consolidation  USA TODAY
CBOE to acquire rival exchange Bats Global for US$3.2bn  Reuters
Mylan's EpiPen Profit 60% Higher Than Told to Congress
When Mylan NV's chief executive testified before a congressional committee last week about steep price increases on its lifesaving EpiPen drug, House members badgered her to provide more evidence for the company's claim that its profits were just $100 ...
Whoops, Mylan Underreported EpiPen Profits To Congress  Forbes
The maker of EpiPen just made a big change to the story it told Congress ...  Business Insider
Pfizer Decides Not to Split, Ending Years of Speculation
Pfizer Inc. decided not to split in two separate companies, opting against what could have been one of the biggest breakups in the drug industry's history after four years of what it called an “extensive evaluation.
Pfizer Throws Out Plan to Split Into Two Companies  Wall Street Journal
UPDATED: Pfizer's long-anticipated split-up isn't happening. So what ...  FiercePharma
Cal-Maine Foods: Yoked Up
The controversial Cal-Maine Foods has been flat for the last few months after I told you that you were walking on eggshells. Fiscal Q1 earnings are out and they are abysmal thanks to pricing issues which I discuss.
Cal-Maine Foods shares tumble 7% on wider-than-expected loss  CNBC
Cal-Maine Foods (CALM) Stock Falls on Q1 Results
Oil up 4 percent as OPEC meets, volatility hits post-Doha high
NEW YORK/LONDON Oil jumped nearly 4 percent on Monday as the world's largest producers gathered in Algeria to discuss ways to support prices, with nervous trade driving volatility to its highest since a similar meeting to freeze output in April in Doha ...
OPEC May Finally Be Willing to Curb Oil Glut, Just Not Yet  Bloomberg
Iran Plays Down Prospects of OPEC Production Deal  Wall Street Journal
Stocks Down as Bank Shares Fall
Shares of banks slid Monday, dragging on major indexes worldwide. The Dow Jones Industrial Average fell 125 points, or 0.7%, to 18136.
Deutsche Bank's Pain Is Germany's Too  Bloomberg
TREASURIES-Prices rise as equities fall on Deutsche Bank woes  Reuters
Lands' End CEO Marchionni Out After Failing to Take Brand Upscale
Customers don't want luxury from Lands' End, turns out. It turned out to be a poor fit after all. Lands' End LE -11.78% said on Monday that CEO Federica Marchionni had stepped down immediately, underscoring how futile it was for the former Ferrari and ...
High-end CEO is out at Lands' End after less than two years  CNBC
Lands' End's New Beginning On Amazon