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Situational awareness:

  • EU regulators fined Google $1.7 billion for blocking ad rivals. (CNBC)
  • Japan's government downgraded its view of the economy for the first time in 3 years, blaming the trade war for weak exports and industrial output. (Reuters)
  • FedEx reported all-around downbeat results for its third quarter. Executives again said a global slowdown hurt earnings. (CNBC)
  • Shares of Bayer fell as much as 10% after a jury found a man developed cancer from exposure to its Roundup weedkiller product. (WSJ)
  • UBS CEO Sergio Ermotti dialed back expectations for the investment bank's first quarter performance and told investors business conditions are the toughest in years. (Bloomberg)