In the news:
- Limits on overseas mergers prompt renewed debate2:08 AM ET | AP
- China court sentences Uighur scholar to life in prison for separatism1:56 AM ET | Reuters
- India's withdrawal of drug price cap guidelines to be on prospective basis1:55 AM ET | Reuters
- Islamic State posts video apparently of UK hostage criticizing war buildup1:50 AM ET | Reuters
- Government hackers try to crack HealthCare.gov1:41 AM ET | AP
- India withdraws regulator's power to cap non-essential drug prices1:30 AM ET | Reuters
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[BRIEFING.COM] The stock market began the new trading week on the defensive note with small-cap stocks pacing the retreat. The Russell 2000 (-1.4%) and Nasdaq Composite (-1.1%) displayed relative weakness, while the S&P 500 lost 0.8% with all ten sectors ending in the red.
Global equities began showing some cracks overnight after China's Finance Minister Lou Jiwei poured cold water on hopes for new stimulus measures. Specifically, Mr. Lou said the government has no plans to change ... More
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