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Situational awareness:

  • Congressional Republicans are discussing whether to block President Trump's planned new tariffs on Mexico, and could also block billions of dollars in border wall funding announced in February. (Washington Post)
  • More than $40 billion of transactions were announced Monday, the second biggest day for M&A this year. (Bloomberg)
  • Forever 21 is exploring restructuring options with private equity firm Apollo Global Management as it considers filing for bankruptcy. (CNBC)
  • U.K. retail sales fell by the most since 1995. (Bloomberg)