Reuters Business Today: April 24, 2017

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Monday, April 24, 2017

Wall Street looks set to rally as French vote worries ease

(Reuters) - The Nasdaq was poised to open at a record high on Monday, with other indexes likely to rally, as investors breathed a sigh of relief after Centrist candidate and market favorite Emmanuel Macron won the first round of the French election.

Tesla’s big Model 3 bet rides on risky assembly line strategy

(Reuters) - Tesla Inc Chief Executive Elon Musk took many risks with the technology in his company's cars on the way to surpassing Ford Motor Co's market value. Now Musk is pushing boundaries in the factory that makes them.

NASH: The next untapped pharma market gives investors many options

(Reuters) - Large drugmakers with piles of cash are on the hunt for promising medicines being developed by small companies to treat NASH, a progressive fatty liver disease poised to become the leading cause of liver transplants by 2020.

Wal-Mart e-commerce investment arm names new retail startup CEO

(Reuters) - Wal-Mart Stores Inc , the world's no.1 retailer, said its recently launched startup investment arm, Store No 8, has hired Jenny Fleiss as the chief executive of its first portfolio company.

U.S. Chamber of Commerce chief expects basic NAFTA deal by mid-2018

MEXICO CITY (Reuters) - The United States, Mexico and Canada are likely to reach a basic accord over reworking the North American Free Trade Agreement (NAFTA) by the middle of next year, the head of the biggest U.S. business lobby group said on Sunday.

China policymakers bullish on economy, cite strong first-quarter GDP, stable yuan

SHANGHAI (Reuters) - Policymakers in China are pushing a bullish message on the world's second-biggest economy after a solid first quarter, pointing to a slow down in capital outflows and a stable yuan after a selloff last year stoked fears of instability.

China clamps down on excess steel as Japan decries Trump 'protectionism'

MANILA/BEIJING (Reuters) - Twenty-nine Chinese steel firms have had their licenses revoked as Beijing kept up its campaign to tackle overcapacity in the sector and days after U.S. President Donald Trump said he would open a probe into cheap steel exports from China and elsewhere.

Congress returns as Trump pressures Democrats ahead of funding deadline

WASHINGTON (Reuters) - With a deadline looming this week to avert a U.S. government shutdown, Congress returns to work on Monday as President Donald Trump leans on Democrats to include funding for his promised border wall with Mexico in spending legislation.

Oil recovers some ground, rise in U.S. drilling caps gains

LONDON (Reuters) - Oil prices recovered some lost ground on Monday after big losses last week, driven by expectations that OPEC will extend output cuts till the end of 2017, although a rise in U.S. drilling capped gains.

CEO to go after LafargeHolcim admits paying Syrian groups

ZURICH (Reuters) - LafargeHolcim Chief Executive Eric Olsen will leave the company in July after the world's largest cement maker admitted on Monday it had paid armed groups to keep a factory operating in war-ravaged Syria.

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