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Situational awareness:

  • The Fed plans to end bank stress test grades and ease scrutiny on big financial institutions, asset managers and insurance companies, rolling back policies set up after the financial crisis. (WSJ)
  • Huawei said it has filed a federal lawsuit against the U.S. government, challenging a law that keeps it from selling its telecommunications gear here. (Axios)
  • The new health care venture announced by Amazon, Berkshire Hathaway and JPMorgan Chase will be called Haven. (Bloomberg)
  • SoftBank is launching a $5 billion fund to invest in tech startups in Latin America, headed by ex-Sprint CEO (and current Softbank COO) Marcelo Claure. (WSJ)

Editor's note: In yesterday's Markets, the data source listed for the Bonus chart was corrected to say Compustat & Haver via Deutsche Bank (not the Atlanta Fed).