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Situational awareness:

  • Fidelity Investments eliminated trading commissions on stocks, ETFs and options, becoming the latest online brokerage company to do so. (WSJ)
  • The White House is considering rolling out a currency pact with China as part of a limited deal that would suspend tariff increases set to begin next week. (Bloomberg)
  • PG&E shares fell by as much as 28% after a ruling from a California judge opened the door to a fight over the best path out of bankruptcy, pitting the troubled utility against bondholders led by Elliott Management. (Reuters)