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Situational awareness:

  • Shares of Barnes & Noble rose 30% after a report that the company is near a deal to be acquired by Elliott Management. (WSJ)
  • Beyond Meat shares rose as much as 23% after it beat analysts' expectations in its first ever quarterly report and predicted that its revenue will more than double in 2019. (CNBC)
  • The U.S. Treasury Department tightened oil sanctions on Venezuela and indicated it could take further action. (Reuters)
  • The most anticipated U.S. jobs report of the year will be released at 8:30am, with economists predicting 185,000 jobs were added in May. (MarketWatch)