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Fiat Chrysler, Renault, Alibaba, Teva and Huawei – 5 Things You Must Know




Here are five things you need to know for Tuesday May 28:

1. – Stock Futures falls among Trade Uncertainties

U.S. Stock futures were lower on Tuesday as Wall Street returned from a three-day Memorial Day weekend and caution still ruled among fears over the fate of Washington-Beijing trade negotiations.

Contracts related to the Dow Jones Industrial Average fell 37 points, the S&P 500 futures were down to 7.55 points, and the Nasdaq futures fell 17.25 points.

Donald Trump opened a four-day state visit to Japan on Monday with a series of comments suggesting little progress in the US-China trade negotiations. , reporters told a press conference with Japanese Prime Minister Shinzo Abe that he was not ready to enter into an agreement with Beijing.

"I think once in the future China and the United States will certainly have a good deal, and We look forward to it," said the president, before repeating his erroneous assertion that China was responsible for paying tariffs on goods imported into USA. "Because I don't think China can continue to pay these, really, hundreds of billions of dollars in tariffs. I don't think they can."

Despite threats from Trump of new and "very very significant" taxes on China imports, Chinese and Asian stocks finished with solid gains Tuesday. The European markets traded lower as saints' European parliamentary elections showed solid gains for pro-EU parties.

The US economic calendar on Tuesday includes the S&P Corelogic Case-Shiller Home Price Index for March 9 ET and consumes confidence in May at. 1[ads1]0.00

Results reports are expected Tuesday from YY Inc. (YY – Get Report), Nio Inc. (NIO) and Momo (MOMO – Get Report).

2. – France wants jobs protected in the Fiat Chrysler-Renault Fusion

Parts of Italian-American car manufacturer Fiat Chrysler Automobiles (FCAU – Get Report) and France's Renault rose Tuesday after Fiat Chrysler suggested companies merge into a deal that would create the world's third largest automaker.

The French government said it was necessary to protect jobs and governance guarantees to support the proposed $ 35 billion merger between the two automakers.

French Finance Minister Bruno le Maire said the government asked for "Four Guarantees" before it would return to the proposal, which would create a 50-50 ownership structure, while reducing the French Government's stake to 7.5%.

"The first: industrial jobs and industrial areas. I told Renault's director Jean-Dominique Senard very clearly that it was the first guarantee I wanted from him in opening these negotiations with Fiat," said Le Maire. industrial jobs and places in France. "

A merger of Fiat Chrysler and Renault would create a car manufacturer that could produce 8.7 million cars a year, and put it in third place behind Germany's Volkswagen (VLKAY) and Japan's Toyota (TM – Get Report.

Under the deal, Renault could enter the United States while retrieving from its now-fighting relationship with Japan's Nissan (NSANY) after the arrest of former CEO Carlos Ghosn last year in Tokyo among allegations of financial default

3. – Alibaba Mulls raises $ 20 billion through Hong Kong Listing

Alibaba (BABA – Get Report), the Chinese e-commerce giant, is considering raising $ 20 billion through about a new listing in Hong Kong, according to Bloomberg, who quoted people with knowledge of the matter.

Alibaba is currently working with financial advisors for the potential offer.

A confidential listing may occur later this year, the report said, and Alibaba said in the background that it would not rule out another listing in an attempt to diversify its business.

The company broke record with its listing on the New York Stock Exchange in 2014, when it increased $ 25 billion, according to Bloomberg.

A massive online presence, Alibaba's fiscal 2019 full-year revenue was $ 56 billion. In fiscal policy, Alibaba expects revenue of around $ 72.5 billion.

4. – Teva paid Oklahoma $ 85 million in opioid

Teva Pharmaceutical (TEVA – Get Report) reached an agreement with Oklahoma that includes a $ 85 million payout to the state, before a trial period for Tuesday over opioid claims.

The company said the deal was not a breach of protection and that "Teva has not contributed to the abuse of opioids in Oklahoma in any way."

"The company has solved this case in a way that benefits people who have suffered from the abuse of opioids and to help stop the effects of the opioid crisis. Teva continues to keep the company's long-term stability ahead," Teva says.



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