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Situational awareness:

  • E-cigarette maker Juul's sales have been halted in China without explanation, just days after it started selling products on JD.com and Alibaba's Tmall.com. (WSJ)
  • FedEx shares dropped more than 9% in post-market trading after the company missed quarterly earnings estimates and lowered 2020 guidance. (CNBC)
  • Saudi Arabia said it would restore most of its oil output and return to normal production levels by the end of the month. Oil prices fell 5% on Tuesday. (WSJ)
  • The next Bank of England governor may not be appointed until after British elections, and Mark Carney may be asked to extend his term if Brexit is delayed again. (FT)