- Trump’s Renewed Focus on Health Bill Vexes GOP Tax Strategy (WSJ)
- Wall Street banker Cohn moving Trump toward moderate policies (Reuters)
- Trump Rejects Protests Over Tax Returns (WSJ)
- Merkel Calls on Erdogan to Open Talks in ‘Deeply Split’ Turkey (BBG)
- Turkish Opposition Plans Challenge to President Erdogan’s Referendum Victory (WSJ)
- Simsek Rules Out Turkey Elections Before 2019 on Erdogan Promise (BBG)
- Trump Is a Global ‘Instability Factor,’ Fillon's Top Aide Says (BBG)
- Behind United Airlines’ Fateful Decision to Call Police (WSJ)
- This Is a Dangerous Time to Own Emerging-Market Stocks (WSJ)
- Undaunted by oil bust, financiers pour billions into U.S. shale (Reuters)
- Bullish Oil Bets Gain on Signs OPEC Cuts to Outdo U.S. Boom (BBG)
- Neiman Marcus Finds Even Wealthy Shoppers Want Better Deals (WSJ)
- A $161 Billion Manager Says the Japanese Stock Gloom Is Overdone (BBG)
- BJ’s Wholesale Club up for sale and Amazon may be interested (NYP)
- SEC Targets Illicit Options Trades Made Ahead of Telecom Deal (WSJ)
- Stocks soar as GM builds cache before retooling (Autonews)
- How the Six Hour Workday Actually Saves Money (BBG)
- Down-on-Its-Luck Caesars Pays Online Chief $210 Million (BBG)
- Americans are taking out the largest mortgages on record (MW)
- ‘Fate of the Furious’ Leaves Box-Office Competitors in the Dust (BBG)
- Beijing offers $70,000 reward — and a cartoon video to help in the hunt (WaPo)
- If Trump Fired Bannon, Would He Seek Revenge? (Politico)
Overnight Media Digest
WSJ
- South Korea's National Pension Service, a major creditor of the debt-ridden Daewoo Shipbuilding & Marine Engineering Co , said that it has agreed on a newly proposed bailout package for the world's second-largest shipyard. http://on.wsj.com/2pooRT0
- In the wake of North Korea's failed missile test over the weekend, Trump administration officials stepped up pressure on China, saying the threat has reached an inflection point that demands new urgency. http://on.wsj.com/2pofOkU
- Arkansas officials are contesting legal rulings that blocked the state from carrying out its plan to put to death at least half a dozen inmates within a span of days. http://on.wsj.com/2poam1x
- Giving no ground, President Donald Trump dismissed protests calling for him to disclose his tax returns as the work of political opponents unhappy about his election victory. http://on.wsj.com/2pobKB9
- A former top Treasury Department official in the George Bush administration, Randal Quarles, is expected to be President Donald Trump's pick for a top financial regulatory post at the Federal Reserve, a senior official familiar with the matter said. http://on.wsj.com/2poaTR5
- Wells Fargo & Co faces something few other big banks have dealt with since the financial crisis: a serious effort to vote out most of its directors. http://on.wsj.com/2pockij
FT
* President Tayyip Erdogan declared victory in a referendum on Sunday to grant him sweeping powers in the biggest overhaul of modern Turkish politics, but opponents said the vote was marred by irregularities and they would challenge its result.
* Britain's brexit secretary, David Davis, said that Britain does not accept that the European Banking Authority or the European Medicines Agency will have to move from London's Canary Wharf.
* Airbus said in its 2016 annual report that it is being sued by consultants and middlemen who were dismissed as part of a compliance review initiated following fraud investigations around the world.
NYT
- The British oil firm BP Plc worked through the weekend to control a damaged oil well on Alaska's remote North Slope that had started spewing natural gas vapors on Friday morning, the company and Alaska officials said. Alaskan and federal officials have identified two leaks venting methane gas, a powerful greenhouse gas linked to climate change. http://nyti.ms/2oOb8El
- United Airlines, owned by United Continental Holdings Inc , says it will no longer allow employees to take the place of civilian passengers who have already boarded overbooked flights. The airline is reviewing its policies after the violent removal of a passenger from a flight last week http://nyti.ms/2oO68zg
- China's economy, the world's second-largest behind that of the United States, grew 6.9 percent in the first quarter this year, led by strong expansion at factories, Chinese officials said on Monday. http://nyti.ms/2oO552r
- Wind and solar power have been rapidly winning market acceptance. Last year, the installed capacity of solar power in the United States nearly doubled. And wind is now being harnessed to produce 5.5 percent of America's electricity, according to the U.S. Energy Information Administration. http://nyti.ms/2oO4DRV
Britain
The Times
* Almost 22,000 companies are facing "significant" financial distress because of rising food and fuel prices, according to an analysis by the insolvency firm Begbies Traynor. http://bit.ly/2oNK9Zg
* Tesco is facing fresh questions over the impact of its proposed 3.7 billion pound ($4.64 billion) takeover of Booker Group after a rival wholesaler argued that it would give Britain's biggest supermarket group "an obvious level of influence" over thousands of convenience stores. http://bit.ly/2oNNpnG
The Guardian
* A year after the collapse of the department store chain BHS, more than two-thirds of its former stores still lie empty, blighting the UK's high streets and shopping centres, according to research by the Guardian. http://bit.ly/2oNzA8G
* John McDonnell, the shadow chancellor, is calling on Philip Hammond to hold an urgent public inquiry into whether Bank of England officials colluded in the rigging of the Libor rate. http://bit.ly/2oNDD55
The Telegraph
* The new boss of Debenhams will unveil plans this week to overhaul the retail chain's 165 shops and cull some in-house brands in a bid to lure shoppers back to its stores. http://bit.ly/2oNLsaZ
* TalkTalk is being accused by John Petter, chief executive of BT's consumer business, of obstructing broadband industry attempts to introduce automatic compensation for poor service. http://bit.ly/2oNLLlX
Sky News
* Bridgepoint, the owner of Pret a Manger, has hired bankers at Moelis to explore a bid for house-builder Miller Homes that could value it at well over 800 million pounds. http://bit.ly/2oNHZcf
The Independent
* The boss of private security firm G4S received a record 4.8 million pounds in pay and bonuses over the last year despite the firm being embroiled in a string of scandals. http://ind.pn/2oNMUdi