Catch up on the weekend’s top five stories with this list compiled by The Fly: 1. General Electric (GE) is nearing a deal to merge its transportation business with Wabtec (WAB), according to Reuters, citing two people familiar with the matter. A deal could be announced as early as this week, sources said. 2. China has agreed to significantly increase its purchases of U.S. goods and services but made no mention of a $200B target the White House had touted earlier, according to Reuters. During an appearance on Fox News on Sunday, Treasury Secretary Steve Mnuchin said that about $150B worth of proposed tariffs on Chinese goods are on hold as the two countries continue trade negotiations to reduce their deficit, according to Axios. 3. With Lowe’s (LOW) shares off 7.1% this year, expectations low and big changes on the way, the stock probably has limited downside in case of a quarterly results miss and major upside if it delivers, Ben Levisohn wrote in this week’s edition of Barron’s. Regardless, for long-term investors, what matters is turning Lowe’s around, he added. 4. Ryan Reynolds and Fox’s (FOXA) “Deadpool 2” won the weekend box office, with $125M domestically and $301M globally after scoring the biggest foreign debut ever for an R-rated title. Playing in a total of 4,349 theaters in North America, the widest release in Fox history, the movie earned an A CinemaScore and sports an 83% Rotten Tomatoes score. 5. Procter & Gamble (PG), PepsiCo (PEP), Coca-Cola (KO), CBS (CBS) and Roku (ROKU) saw positive mentions in Barron’s.
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