What to watch today: Dow to rise as Wall Street monitors D.C. coronavirus relief talks

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Stock futures were higher as Congress negotiates the next relief package and Eli Lilly announces late-stage trial for Covid-19 drug.

ADT is receiving a $450 million investment from Alphabet's Google unit in exchange for a 6.6% stake in ADT. It's part of a partnership that will see ADT offer Google's Nest smart home devices to its customers. Each company will also commit $150 million to expand product and service offerings.

News Corp announced the resignation of James Murdoch from its board of directors. Murdoch said he was resigning due to disagreements over editorial policy and other strategic decisions by the Wall Street Journal publisher. Varian Medical Systems agreed to be bought by Germany's Siemens Healthineers for $16.4 billion in cash, or $177.50 per share. The price for the cancer care specialist represents a 24% premium to Varian's Friday closing price.

 

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I’m sick of the stock market worship and the perceived power everyone thinks it has. It is not a real indicator of anything that is truly going on in America. As soon as people figure that out, the better. It is one tool In many. That’s it.

I don’t give a hoot about Wall Street. It’s just a bunch of greedy pariahs tryna make money offa the horrible plight and failed leadership currently in America. What Wall Street is doing is not paying my rent or putting food on my table. Wall Street is just rich folk folly.

Biden so close to picking VP he can smell her.

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