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MARKET CURRENTS

  • 1:40 AM With the focus so strongly on Europe, it has been easy to miss the data pointing to economic trouble in China, India, South Africa, Brazil and elsewhere. The specter of renewed crisis looms large if activity is slowing in sync around the globe and not just in isolated regions. Comment! [Global & FX, U.S. Economy]
  • 12:49 AM Yuanta Financial says it has pulled out of talks to buy Taiwanese Ta Chong Bank, dealing a blow to Carlyle's (CG) plans to exit the underperforming investment in a sale that could have been worth ~$1.25B. (previously) Comment! [Financials, M&A]
  • 12:43 AM Express Scripts Holding (ESRX) is less than two months into digesting its massive Medco purchase but is already seeing some early benefits. From the large (lower-priced deals from manufacturers) to the small (adopting Medco's postage-rate strategy), chief medical officer Steven Miller says "there's much more of their stuff coming over than in a typical integration." Comment! [Healthcare]
  • 12:00 AM Friday's economic calendar:
    5:30 Fed's Plosser: Monetary Policy
    9:55 Reuters/UofM Consumer Sentiment Comment!
  • 24 May, 11:40 PM In the next step after Dish Network's (DISH) pre-emptive legal strike, Fox (NWS), NBC (CMCSA) and CBS have now all sued the satellite provider over its commercial-skipping "AutoHop" technology, claiming copyright and licensing violations. Subtle questions over who controls the skipping could dictate whether Dish faces the fate of ReplayTV: being sued out of existence. 2 Comments [Consumer]
  • 24 May, 10:45 PM Alibaba.com (ALBCF.PK) shareholders approve a plan to take parent Alibaba Group Holding private, in order to free some of the "pressures" of public listing. Alibaba Group would pay HK$13.50/share for the 27% of Alibaba.com it doesn't already own - another step toward autonomy following a buyback deal with Yahoo. ALBCF.PK shares suspended from trading in Hong Kong. Comment! [Tech, Breaking News]
  • 24 May, 8:03 PM Japan's core consumer price index rose 0.2% from the prior year, identical to its gain for March. Expectations were for a 0.1% rise. On a monthly basis, core CPI was also 0.2% higher, led by a 2.1% rise in clothing and footwear. Overall CPI rose 0.1%, for a 0.4% year-on-year gain. 2 Comments [Global & FX]
  • 24 May, 7:40 PM In the face of a nasty Greek exit from the eurozone, investors have little choice now but to cling to low-yielding U.S. government debt, says Pimco's Bill Gross. Despite our own debt mess, a flight from risk assets is going to continue to send money into Treasurys. "It's what we call the cleanest dirty shirt," Gross says; "at the moment the cleanest dirty shirt is the United States." 17 Comments [Global & FX]
  • 24 May, 7:21 PM 3D Systems (DDD) acquires Bespoke Innovations, a startup based in San Francisco, California that develops proprietary, integrated scan, design and print technology designed to deliver custom fit prosthetics, orthotics and orthopedic devices, for an undisclosed sum. The company also reafirms its forecast, saying the acquisition will not be material to its revenue for the remainder of 2012. Shares -3% AH. Comment! [Tech, Healthcare, M&A]
  • 24 May, 7:14 PM Delcath Systems (DCTH) said it plans to sell shares of its common stock and warrants to purchase shares to raise funds to develop and commercialize its medical devices and specialty pharmaceutical products. Comment! [Healthcare]
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ANALYSIS FOR FRIDAY, MAY 25, 1:50AM ET

DIA 0.27%
SPY 0.11%
QQQ -0.69%
GLD -0.12%

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