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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Mnuchin pushes back on Pelosi: We need 'balance' between debt, coronavirus reliefSec. Mnuchin says Republicans “proposed a one-week extension” of $600 unemployment insurance as they “negotiate a longer term solution” and he’s “surprised that the Democrats won’t agree to that. They are insistent on having this as part of a larger deal.”
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Speaker Pelosi blames Trump, GOP for deadlock in coronavirus relief negotiations“I think the president has been spreading disinformation about the virus and she is his appointee so, I don’t have confidence there, no,” Speaker Pelosi tells MarthaRaddatz when asked is she has confidence in Dr. Deborah Birx.
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Trump's defiant campaign amid pandemic ramps up ground game, as Biden looks for another wayPresident Trump’s reelection team is plowing forward campaigning across the country despite rising coronavirus cases.
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U.S. Congress in position to spend big on coronavirus relief, Fed official saysThe U.S. Congress is in position to spend big on coronavirus relief efforts because the nation's budget gap can be financed without relying on foreign borrowing, given how much Americans are saving, a top Federal Reserve official said on Sunday.
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