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Situational awareness:

  • Apple supplier Foxconn reported first-quarter revenues fell 42% from the previous three months while pre-tax income more than halved. (FT)
  • Eurozone industrial output fell for a 2nd straight month while analysts expect the German economy grew by 0.4% in Q1, but investor sentiment fell to -2.1. (France 24)
  • Walmart says it will match Amazon and offer 1-day free shipping on some items in select markets over the next few days with a plan to reach about 75% of the U.S. population this year. (Reuters)
  • Uber's stock fell 11% on Monday to $37.08 a share. CEO Dara Khosrowshahi told staff in an email to "expect some tough public market times over the coming months." (Bloomberg)
  • A couple was awarded more than $2 billion in a verdict against Bayer subsidiary Monsanto, the 3rd recent court decision involving claims its Roundup weed killer caused cancer. (NPR)