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Markets is coming to you today from sunny Miami where I am attending the National Association of Black Journalists annual convention. Please send me food and beverage tips — dion@axios.com.

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Situational awareness:

  • Broadcom is nearing a deal to buy Symantec's enterprise business that could be announced by Thursday. The deal may value the Symantec division as high as $10 billion. (WSJ)
  • SoulCycle and Equinox distanced themselves from billionaire Stephen Ross, an investor in both gyms, because of his upcoming $250,000-a-plate fundraising lunch for President Donald Trump. (Bloomberg)
  • Lyft shares rose as much as 13% in post-market trading after the company reported strong earnings, but surrendered those gains after announcing share lock-ups would expire on Aug. 19, rather than the previously scheduled date in September. (CNBC)