Joe Biden said he would be open to breaking up Facebook. In an interview on Monday with The Associated Press, the former vice-president said that dismantling large technology companies is "something we should take a really hard look at.While Biden didn't fully embrace her proposal — saying it's "premature" to make a final judgment — he praised Warren and said she "has a very strong case to be made" for cracking down on tech giants.

Teva Pharmaceutical Industries fell more than 9% Monday morning in reaction to a lawsuit filed by 44 states. Teva, along with other global drug companies, is accused of conspiring to inflate the prices of their generic therapies by as much as 1,000%, according to the lawsuit filed last Friday.The allegations include drug companies and their executives were not only involved in a price-fixing scheme, but were aware their alleged actions were illegal.

U.S.President Donald Trump said on Monday he would meet with Chinese President Xi Jinping next month and that he expected their discussions would be “very fruitful,” as the trade war between the world’s two largest economies intensified.

This is not so much of a secret, as restaurants have started adding these items with a fun nickname that takes on a new level of appeal among customers. Consumer behavior experts believe that people love secrets as they make them feel powerful and superior that the usual mass.Here are some examples of restaurants taking the hint: Starbucks’ (SBUX) ‘Dragon Drink’ that basically replaces water with coconut milk in the much popular pink colored Strawberry Acai Refreshers.  McDonald’s (MCD) Triple Breakfast Stacks that became popular after customers tweaked traditional menu items to build the super-sized sandwiches.

Amidst the backdrop of persisting trade disputes between U.S and China, and following President Trump’s tariff hike from 10% to 25% on $200 billion worth Chinese goods, global equities took a hit this past week as investors withdrew more than $20.5 billion from equity funds. Analysts at Bank of America Merrill Lynch (BAC) revealed that cash outflow from equity funds were the third highest this year.Overall, equity fund outflows totaled $116 billion this year, the worst showing since 2016. On the other hand, bonds - perceived as safe heaven during times of market distress - reached their 18th consecutive week of cash inflows totaling $7.3 billion.

Since the early 1990s when Hollywood began translating video games into movies, something always seemed to get lost in the change of medium.The film adapted from the Pokemon video game is based on Tim Goodman’s attempts to find his missing father with the help of Detective Pikachu, a wisecracking Pokemon in a city where humans and Pokemons co-exist. According to 350 user ratings on Rotten Tomatoes, the film has captured 87% of the audience’s imagination but still hasn’t managed to escape the biggest criticism of film adaptations of video games: that it is less fun to watch than to play. To date, ‘Transformers’ and ‘Resident Evil’ are the only two video game adaptations to create box office legacy.

Cryptocurrency has struggled to gain mainstream traction, but the promise of digital coins has attracted the interest of one of tech’s biggest companies.Facebook has explored blockchain-centric projects in the past few years, but a new payment initiative the Wall Street Journal reports is “code-named Project Libra” prominently features digital currency – and has the potential to succeed where other projects have failed. Facebook has been “recruiting dozens of financial firms and online merchants to help launch” the platform, which sources said would center around a new digital coin that Facebook users could use to “send to each other and…make purchases both on Facebook and across the internet” through theoretical partnerships with internet retailers and apps.

In the strong reversal on May 10, many stocks and ETFs reversed from losses to gains throughout the day.One ETF in particular that caught my attention was the Consumer Discretionary Select Sector SPDR (NYSE: XLY).

Oil futures were mixed on Monday, with U.S. crude edging lower, as investors and traders fretted over global economic growth prospects amid a standoff in Sino-U.S. trade talks. 

Cadillac, the luxury arm of auto giant General Motors, appeared to not anticipate the insatiable hunger consumers have for SUVs and crossovers. 

Shares of Japanese conglomerate Softbank Group came under pressure in Monday’s trading session in Tokyo following the large losses seen on ride-hailing giant Uber’s debut day last Friday.

Uber Technologies shares lost -7.6% on the day of the ride-hailing company’s public market debut. Compared to Uber’s $45 initial public offering price, the stock opened at a lower, $42 per share price Friday on New York Stock Exchange.It closed its first trading day at $41.57. In August, Uber last raised private capital, from Toyota Motor at a valuation of about $76 billion - from which market valuation fell to $74 billion at 2.38 pm in New York on Friday when the share price dropped -2.7% to $43.85. Morgan Stanley, Goldman Sachs Group, and Bank of America led the listing of Uber shares. Earlier in the day, U.S. stock markets declined on President Donald Trump’s comments that there’s  “no rush" to reach a trade agreement with China.

News Corp. surprised analysts with unexpected net positive earnings for the latest quarter. The company raked in adjusted earnings of 4 cents per share, while analysts’ had expected just a break-even.Its revenue climbed +17% year-over-year to $2.46 billion, missing analysts’ estimates of $2.51 billion . CEO Robert Thomson highlighted the growth in the media company’s digital subscriptions, surge in its digital audio book sales and expansion of the company’s digital real estate businesses as key factors behind the quarter’s strength. News Corp. shares jumped almost +4% Friday.

Disney said it recorded a one-time gain of $4.9 billion as a result of re-measuring its initial 30% stake to fair value. Other key highlights of the quarter include a 15% increase in direct-to-consumer and international segment revenue to $955 million, but the quarter also saw its segment operating loss jump from $188 million to $393 million.The latter was due to Disney’s ongoing investment in ESPN+, launching expenses of Disney+ coupled with loss from the consolidation of Hulu and higher losses from streaming technology services. According to Disney's chairman and CEO, Robert Iger, the company is thrilled with the record-breaking success of ‘Avengers: Endgame’ and the film will be streamed exclusively on Disney+ starting December 11th.

Following the footsteps of Beyond Meat (BYND), Swiss food giant Nestle has rolled out its own plant-based meat substitutes in the form of vegan burger called ‘Incredible Burger’ in eight European countries and plans to introduce the Awesome Burger in the United States later this year.The product is already being carried out in 1,500 outlets on the continent, including McDonald's (MCD). The company’s CEO believes that being a nascent market, plant-based meat substitutes, foods that closely mimic the taste and texture of actual meat, is a mine that could be explored. Awesome burgers are expected to be available in U.S. retail stores, quick-service restaurants and food service operators across the nation. ‘Awesome Burger’ vegan burgers for the U.S. contingent are expected to hit the U.S. markets this fall, a product made to complement Nestle's Sweet Earth branded veggie-centric burgers. But Nestle is going to face stiff competition especially from Beyond Meat who debuted in the p

The plant could begin its production as soon as the sale is finalized. In March, GM closed its Lordstown plant to reorient its attention on more profitable trucks and SUVs.GM’s Lordstown plant has built more than 16 million new vehicles over 50 years.

Dropbox earnings and revenue for the first quarter surpassed analysts’ expectations. The file hosting service company reported earnings of 10 cents per share for the quarter, which is higher than analysts’ estimates of 6 cents per share (based on FactSet data).Revenue grew +22% from the same quarter in the prior year. The first quarter also marked the completion of Dropbox’s acquisition of e-signature and document workflow platform HelloSign for $230 million. The company expects revenue for the current quarter to range between $399 million and $401 million, compared to analysts’ forecast of $399.4 million. 

This marked the fifth straight quarter of revenue miss. Adjusted earnings came in at $1.41 per share, outpacing estimates of $1.34 and increasing 5% year over year.The upside was driven by lower effective tax rate as well as increase in room rates. Total revenue of $5,012 million missed the consensus mark of $5,117 million.

The Department of Health and Human Services announced a new policy to improve transparency in the pharmaceutical industry. Starting this summer, TV commercials for prescription drugs covered by Medicaid or Medicare must mention the list price if it exceeds $35 for the standard treatment course or monthly supply. The policy has no enforcement mechanism but depends on companies suing rivals that violate the standard. The HHS will also publish a list of drugs with non-compliant ads. “Patients who are struggling with high drug costs are in that position because of the high list prices that drug companies set,” HHS Secretary Alex Azar said in a press release.“Making those prices more transparent is a significant step in President Trump’s efforts to reform our prescription drug markets and put patients in charge of their own healthcare.”

U.S.consumer prices rose in April but underlying inflation remained muted, suggesting the Federal Reserve could keep interest rates unchanged for a while.