Here is what you need to know.
Trump administration releases list of 114 Russian politicians and business figures to increase pressure on Vladimir Putin. The list includes 96 people deemed to be “oligarchs,” each with an estimated net worth of $1 billion or more.
British pound slumps then reverses after Brexit concerns resurface. The British pound slumped as much as 0.67% against the dollar on Tuesday after a leaked UK government report suggested Britain would be worse-off economically under every Brexit scenario it had looked at so far. The pound has since reversed those losses and now trades up 0.34% at 1.4120 against the dollar.
Dell may sell itself in an unusual and massive deal that would let it go public again. Dell is exploring a reverse merger with VMware, which could become the largest tech deal ever, according to CNBC.
Blackstone is reportedly in talks to buy a stake in a key Thomson Reuters unit. Blackstone Group is reportedly in talks to buy a roughly 55% stake in the Financial and Risk business of Thomson Reuters for more than $17 billion, three sources familiar with the matter told Reuters.
Keurig Green Mountain is merging with Dr. Pepper. Keurig announced a deal to buy Dr. Pepper Snapple for $103.75 a share in a special cash dividend on Monday, sending Dr. Pepper shares up as much as 42%.
A popular bitcoin stock announced a 91-for-1 split. Grayscale Bitcoin Investment Trust spiked 5.88% on Monday after announcing a 91-for-1 split to make its shares more accessible to the masses.
Wynn Resorts has been hit hard after allegations of sexual misconduct by its founder. Shares of the casino giant have slumped 19% from Friday’s highs after The Wall Street Journal reported that multiple women had accused the billionaire casino mogul Steve Wynn of pressuring them into sex and creating a sexualized workplace.
Stock markets around the world are lower. Japan’s Nikkei (-1.43%) led the losses in Asia, and Britain’s FTSE (-0.51%) trails in Europe. The S&P 500 is set to open down 0.42% near 2,842.
Earnings reports keep coming. Aetna, Harley-Davidson, and McDonald’s are among the names reporting ahead of the opening bell, while AMD releases its quarterly results after markets close.
US economic data is moderate. S&P Case-Shiller home prices and consumer confidence will be released at 9 a.m. ET and 10 a.m. ET, respectively.