- Global stocks see-saw, yields slip as investors get week off to cautious start (Reuters)
- Bayer defies critics with $62 billion Monsanto offer (Reuters)
- Iran has no plans to freeze oil exports, official says ahead of OPEC meeting (Reuters)
- U.S. lifts arms ban on old foe Vietnam as regional tensions simmer (Reuters)
- Anthem, Cigna Privately Bicker as They Seek Merger Approval (WSJ)
- Fed’s Bullard sees tight US labor market putting upward pressure on inflation (Reuters)
- A Mystery Deal in Canada Throws Spotlight on Anbang (WSJ)
- Britain faces a ‘recession of its own making’ if we vote for Brexit, Prime Minister and Chancellor warn (Telegraph)
- Egypt sends robot submarine to help plane crash search (Reuters)
- Debt King Trump, Bridge Builder Clinton Equal Bigger Deficits (BBG)
- Axa to Divest Its Tobacco Industry Assets Worth $2 Billion (BBG)
- Apple Asks Suppliers To Produce 72-78 Million iPhone7s This Year, A 2-Year High (Barrons)
- Sanders steps up feud with Democratic establishment (Reuters)
- How the Pentagon punished NSA whistleblowers (Telegraph)
Overnight Media Digest
WSJ
– Quarrels have broken out behind the scenes of Anthem Inc’s $48-billion proposed acquisition of Cigna Corp as the health insurers seek regulatory approval for their landmark deal, according to a series of letters reviewed by The Wall Street Journal. (http://on.wsj.com/1s3VjYo)
– Gannett Co is signaling it could abandon a bid to acquire Tribune Publishing Co if not enough Tribune shareholders indicate their support for the proposed takeover at the company’s annual meeting. (http://on.wsj.com/1s3UQFz)
– Months of tension over the fate of Sumner Redstone’s $40 billion media empire erupted into open warfare over the weekend, as two of the mogul’s longtime lieutenants were told they were removed as stewards of his holdings in Viacom Inc and CBS Corp. (http://on.wsj.com/1s3V6V3)
– Republicans have rallied behind Donald Trump in the weeks since he effectively clinched his party’s presidential nomination, helping him narrow Democrat Hillary Clinton’s once double-digit lead to just 3 percentage points, a new Wall Street Journal/NBC News poll shows. (http://on.wsj.com/1s3VOlh)
FT
* Eric Rosengren, the president of the Federal Reserve Bank of Boston, told the Financial Times that the United States is close to meeting most economic conditions for a June rate hike.
* Greek lawmakers approved tax increases and a new privatisation fund on Sunday and freed up the sale of non-performing loans in exchange for much-needed bailout loans and debt relief.
* Chief ‘In’ campaigner Prime Minister David Cameron clashed with members of his own party on Sunday over the impending referendum on Britain’s European Union membership, dismissing claims that he would be powerless to stop Turkey joining the EU.
NYT
– Media mogul Sumner Redstone is planning to name Thaddeus Jankowski, the senior vice president and general counsel of National Amusements, to the trust that will determine the fate of Viacom Inc and CBS Corp, Redstone’s $40 billion media empire.
The names put forward to replace the executives who were suddenly ousted from the trust have close connections to his long-estranged, recently reconciled daughter, Shari Redstone, according to three people briefed on the matter. (http://nyti.ms/243TdDG)
– About 40 percent of Detroit’s residents lack broadband access, even on their phones, which makes finding and applying for jobs increasingly difficult. (http://nyti.ms/25aKfH3)
– After days of heated debate, Greek lawmakers voted narrowly on Sunday to approve a fresh set of financial measures aimed at ensuring that eurozone finance ministers will decide this week to unlock billions of euros in badly needed rescue loans from the country’s third bailout. (http://nyti.ms/1WLXUU2)
Britain
The Times
* Up to seven possible buyers have prepared final proposals for bids on Tata Steel’s Port Talbot operations, as deadline for final submissions will close on Monday. (http://bit.ly/1YPILyf)
* Eight executives of Heathrow airport could share a 10 million pound bonus pool, with part of the payout dependent on their creating the right “political climate” to approve a third runway. (http://bit.ly/1NFGGV5)
The Guardian
* UK’s Labour party leader Jeremy Corbyn said the UK needed a serious debate about wealth creation, as he called for a new style of economics to tackle Britain’s “grotesque inequality”. (http://bit.ly/1NFGHZd)
* Philip Green, who offloaded BHS for 1 pound leaving a 571 million pound deficit in its pension fund, could work with Members of Parliament on drafting new laws to ensure pensioners are protected in future, the MP Frank Field has suggested. (http://bit.ly/1NFGLIq)
The Telegraph
* One of Marks & Spencer’s largest shareholders, Columbia Threadneedle, has called on the retailer to shed some of its underused stores, as new boss Steve Rowe prepares to unveil an overhaul of the company. (http://bit.ly/1YPC0wq)
* A Long-running attempt by the private-equity tycoon Guy Hands to offload Odeon Cinemas has attracted interest from cinema chains in Mexico and Belgium. (http://bit.ly/1YPCbYs)
Sky News
* Household bills for food and clothing will rise by an average of 220 pounds a year if Britain leaves the EU, according to British Prime Minister David Cameron. (http://bit.ly/1YPC3rZ)
* UK’s Labour Party leader John McDonnell has claimed that the Labour Party helped to create an “unfair tax system” when it was last in power. (http://bit.ly/1YPCL8N)
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