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Nasdaq drops more than 1%, enters correction territory as regulation fears batter big tech

Tech stocks fell on Monday, June’s first day of trading, amid reports that the U.S. government is planning to target a host of big companies in the industry with antitrust and business practice probes. Shares of Alphabet, Amazon, Facebook and Apple all weighed on the market during Monday’s session. The Nasdaq …

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Facebook CEO Zuckerberg outlines vision for a ‘high-quality’ news tab

Chesnot | Getty Images Facebook’s founder and CEO Mark Zuckerberg speaks to participants during the Viva Technologie show at Parc des Expositions Porte de Versailles on May 24, 2018 in Paris, France. Facebook could launch a dedicated news tab in partnership with “high-quality” publishers, if CEO Mark Zuckerberg carries out …

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US measles cases surpass 2018 totals as outbreaks spread

Measles continues to spread across the U.S. with outbreaks in four states infecting more people in the first three months of 2019 than all of last year, according to new data from the Centers for Disease Control and Prevention. The CDC has confirmed 387 cases across 15 states from Jan. …

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Burger King is testing a vegetarian Whopper made with Impossible Burger

Jane Lanhee Lee | Reuters Impossible Foods product development associate scientist Kyle Okada measures plant-based burgers tailor-made for Burger King at a facility in Redwood City, California, U.S. on March 26, 2019. Burger King is testing a vegetarian version of its Whopper that uses an Impossible Burger for its patties, …

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Buying Lyft stock requires making ‘too many big assumptions’

Shannon Stapleton | Reuters Signage for Lyft is seen displayed at the NASDAQ MarketSite in Times Square in celebration of its initial public offering (IPO) on the NASDAQ Stock Market in New York, U.S., March 29, 2019. Guggenheim restrained its enthusiasm for shares of Lyft on Monday, beginning coverage of …

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March Caixin manufacturing Purchasing Managers Index

STR – AFP – Getty Images October 12, 2016: A a Chinese worker making soft toys at a factory in Lianyungang, Jiangsu province. Manufacturing activity in China expanded unexpectedly in March after shrinking for three straight months, a private survey showed on Monday. The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) …

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Kellogg nears deal to sell Keebler and Famous Amos to Nutella owner Ferrero

Daniel Acker | Bloomberg | Getty Images A box of Kellogg’s Famous Amos brand cookies is arranged for a photograph in Tiskilwa, Illinois. Kellogg is nearing a deal to sell its Keebler, Famous Amos and fruit snacks businesses to Nutella-owner Ferrero for between $1 billion and $1.5 billion, people familiar …

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Keep an eye on retail sales and employment data

Lyft’s $87 opening price is a “win for the system,” even though it may have been a loss for investors that were overeager, CNBC’s Jim Cramer said Friday. “I cannot stress this enough: we’re at the start of an IPO season that looks on track to bring a trillion dollars’ …

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Rockland County exec says ban on unvaccinated minors is working

Joe Raedle | Getty Images A dose of measles vaccine is seen at the Miami Children’s Hospital on June 02, 2014 in Miami, Florida. In response, government officials declared a state of emergency on Tuesday and banned unvaccinated children in public places, including shopping malls, schools and restaurants, for 30 …

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Apple cancels wireless charging mat

David Paul Morris | Bloomberg | Getty Images The Apple Inc. iPhone 8, Airpods, and Apple Watch sit on the AirPower charger during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Tuesday, Sept. 12, 2017. Apple’s AirPower charger has been cancelled, Apple confirmed on Friday. “After …

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