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Qualcomm must face FTC lawsuit

U.S. District Judge Lucy Koh has denied Qualcomm (NASDAQ:QCOM) a motion to dismiss an FTC lawsuit arguing that the chip supplier used its position in the market to compete unfairly. The ruling is a setback in Qualcomm’s broad legal battle over its business practices, including a separate suit filed by Apple that made legal arguments similar to the U.S. government.

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'Isn't it good, Canadian wood?'

Escalating a trade dispute ahead of NAFTA negotiations, the U.S. Commerce Department has imposed preliminary anti-dumping duties on Canadian softwood lumber. Combined with the preliminary anti-subsidy duties imposed in April, total duties on the key construction material will range from 17.41% to 30.88%. The bilateral dispute is the fifth over lumber in less than 40 years. Related tickers: WY, RYN, EVA, CTT, OSB, POPE, MAS, UFPI, DEL, AMWD, KOP, TREX, LUK, LPX ETFs: EWC, CNDA, EWCS, FCAN, QCAN, HEWC

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Volvo will use NVIDIA's supercomputer to power its self-driving cars in 2021

Nvidia announced its third automotive partnership this year as it looks to beat competitors like Intel in the race to power self-driving cars. Nvidia will install its Drive PX supercomputer system in Volvo cars by 2021, Nvidia CEO and founder Jensen Huang said during Automobil Elektronik Kongress, a conference in Germany, Monday night pacific time. The company also boasts partnerships with Audi , Baidu , Tesla , and Toyota . The move further positions Nvidia to take on Intel, which is co-developing the autonomous drive platform for BMW . Intel…

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WSJ: Sprint exploring wireless deal with Charter, Comcast

Sprint (NYSE:S) is in exclusive talks with Charter Communications (NASDAQ:CHTR) and Comcast (NASDAQ:CMCSA) to explore a deal that could boost their plans to offer wireless service, WSJ reports. Sprint Chairman Masayoshi Son and the cable companies entered into a two-month, exclusive agreement for discussions through late-July, putting merger talks with T-Mobile US (NASDAQ:TMUS) on hold, according to the report. One potential arrangement reportedly is for CHTR and CMCSA to invest in improving Sprint’s network in exchange for favorable terms to offer wireless service using the carrier’s network, possibly involving the…

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Report: U.S. tariffs on solar panels could crush industry

A trade complaint asking the Trump administration to impose tariffs on solar panels could devastate the U.S. solar industry, wiping out two-thirds of systems forecast to be installed over the next five years, according to a report by GTM Research. The case, filed by bankrupt panel manufacturer Suniva, would cause equipment prices to spike in the U.S. and prompt installations to fall to as low as 25 GW during 2018-22, down from GTM’s current forecast of 72.5 GW, the report says. The biggest impact of tariffs likely would be felt by…

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Big oils can survive at $40 but need $60 to thrive, BMO says

Global oil majors including Exxon Mobil (NYSE:XOM), Chevron (NYSE:CVX), Total (NYSE:TOT) and Royal Dutch Shell (RDS.A, RDS.B) can survive in a $40-$50/bbl oil price range but they really need oil above $60 to thrive, according to analysts at BMO Capital. The analysts say that at $40 oil, the group’s operating cash flows fail to cover current capex and dividend expectations, even with the aid of scrip, whereas at greater than $50/bbl, the majors should on aggregate be able to match full cash outflows BMO sees only XOM able to cover its…

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California to list Monsanto's glyphosate as causing cancer

California’s environmental regulator says it will add glyphosate, the active ingredient in Monsanto’s (NYSE:MON) popular Roundup weed killer, to the state’s list of chemicals known to cause cancer, effective July 7. The agency says the designation under California’s Proposition 65 state law will proceed following an unsuccessful attempt by the company to block the listing in trial court. MON calls the state’s action “unwarranted on the basis of science and the law,” and has appealed the trial court’s decision as it plans to continue its legal challenge.

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MORGAN STANLEY: GrubHub could get 'Amazoned'

Thomson Reuters GrubHub CEO Matt Maloney applauds after ringing the opening bell before the company’s IPO on the floor of the New York Stock Exchange in New York A week after Amazon announced its deal to buy Whole Foods , analysts are beginning to brainstorm about how the “Amazon Effect” will disrupt other parts of the food industry, especially delivery. In a report published Sunday night, Morgan Stanley downgraded GrubHub ‘s stock from overweight to equal weight, slashing the price target from $47 to $43. “GRUB competition is starting to…

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