- Ties between Germany and Russia enter new chill (Reuters)
- Tax authorities begin probes into some people named in Panama Papers leak (Reuters)
- SEC investigates ex-JPMorgan debt traders (FT)
- Who Will Win Wisconsin? Here Are Six Credible Predictions (BBG)
- Victim in Wall St. Scheme Was a Classmate of Its Accused Architect (NYT)
- Makers took big price increases on widely used U.S. drugs (Reuters)
- Fed’s New Bank Critic Keeps Heat On (WSJ)
- Biggest Ever Saudi Overhaul Targets $100 Billion of Revenue (BBG)
- Behind Anbang’s Curious Starwood Courtship (WSJ)
- Migrants sent back from Greece arrive in Turkey under EU deal (Reuters)
- Tesla Model 3 orders point to potential $10bn sales (FT)
- Euro-Area Unemployment Declines to Lowest Since 2011 (BBG)
- Saudi Arabia Enters Homebuilding Business to Tackle Shortage (BBG)
- Bernie Sanders' ghost tweeter keeps his Brooklyn accent (Reuters)
- Alaska Air to buy Virgin America for $2.6 billion (Reuters)
- ECB to Keep Up Forceful Action on Price Risks, Praet Says (BBG)
Overnight Media Digest
WSJ
- Alaska Air Group Inc is expected to announce on Monday that it won the auction for Virgin America Inc, beating rival JetBlue Airways Corp in a frenzied bidding process that culminated in a cash price of about $2.5 billion, according to people familiar with the matter. (http://on.wsj.com/239acWy)
- Reservations for Tesla Motors Inc's Model 3 electric car have now topped 276,000 since the company began taking deposits on March 31. Tesla CEO Elon Musk gave an update on reservations through Twitter late Saturday evening, after updating the figure several times since Thursday evening's unveiling of the prototype Model 3, due to be out in late 2017. (http://on.wsj.com/224gRin)
- Former Secretary of State Hillary Clinton said Sunday that the Federal Bureau of Investigation hasn't yet contacted her about her use of a private email server and some of her most sensitive emails. (http://on.wsj.com/239Qf1J)
- Hain Celestial Group, maker of natural shampoos and soaps, said it was reformulating dozens of products and dropping claims that they don't contain sodium lauryl sulfate, a cleaning agent often used in mainstream products. (http://on.wsj.com/1SLTTdq)
FT
Five former traders from Barclays are set to stand trial this week on charges of fraud related to Libor. (http://on.ft.com/1N4pK4u)
The U.S. Securities Exchange Commission has launched an investigation into government debt trades made by two former JPMorgan Chase and Co employees. (http://on.ft.com/1N4pRgC)
A catalogue of failings led to the collapse of an NHS contract seven months after it began, an official report concluded. (http://on.ft.com/1N4q0Rf)
Pre-orders for Tesla Model 3 continued over the weekend, raising questions about the carmaker's ability to meet demand. (http://on.ft.com/1N4q1Vk)
NYT
- One of Wall Street's top deal makers Scott Barshay is moving to Paul, Weiss, Rifkind, Wharton & Garrison after a 25-year career at the white-shoe law firm Cravath, Swaine and Moore. (nyti.ms/239Q3Qd)
- In an article, the International Consortium of investigative Journalists said leaked documents from a Panama law firm Mossack Fonseca revealed the offshore accounts of 140 politicians and public officials, including a dozen current and former world leaders and several individuals with close ties to President Vladimir Putin of Russia.(nyti.ms/1RyTU5p)
- When Andrew Caspersen sought money for an investment that federal authorities said duped investors out of tens of millions of dollars, one of the people he turned to was a college classmate at Princeton University, James McIntyre. McIntyre managing director at the hedge fund Moore Capital Management, is the previously unidentified individual who federal prosecutors said last week invested - and lost - $400,000 in Caspersen's scheme. (nyti.ms/1ZY7p0A)
Canada
THE GLOBE AND MAIL
** Prime Minister Justin Trudeau wants to transform the Liberal Party from a members-only club into a more inclusive - and free - political movement. A proposal, adopted at a meeting of the party's national board over the weekend, would do away with the long-standing policy that only dues-paying, card-carrying Liberals can get involved in party activities. (http://bit.ly/1W4XxSo)
** A massive leak of millions of confidential documents from a Panamanian law firm has drawn back the curtain on the world of offshore tax evasion and money laundering, and allegedly includes a $2-billion money trail linked to associates of Russian President Vladimir Putin. (http://bit.ly/1RIdHfm)
NATIONAL POST
** Starbucks Canada to start selling wine, craft beer and cider in Toronto as it hones in on customer base (http://bit.ly/1V3GOPW)
Britain
The Times
Tens of thousands of steelworkers in the UK could have their pensions cut under plans by Tata Steel to wash its hands of the 15 billion pounds British Steel retirement scheme.(http://bit.ly/1RW1SYv)
In order to give its staff in the UK "a balanced view", JP Morgan has drafted in former EU commissioner Peter Mandelson and two pro-Brussels business leaders to warn staff against Brexit.(http://bit.ly/1Y98NMk)
The Guardian
Police have warned people in Lancashire and Wilmslow, Cheshire, not to use Santander cash machines, following reports of suspicious devices being found on the bank's machines across Lancashire last week. (http://bit.ly/1RGv00f)
Though Beijing is optimistic about its plans to help build new reactors at Hinkley in Somerset and Bradwell in Essex, an agreement between Chinese nuclear firm CGN and its partner EDF of France to develop the first new reactors in Britain for 20 years has still not been signed.(http://bit.ly/25EjhJ0)
The Telegraph
Britain's exit from the European Union would lead to the "implosion" of the continental bloc and force the United States to intervene to put "Humpty Dumpty back together again", Xavier Rolet, head of the London Stock Exchange said. (http://bit.ly/1RW39P6)
Britain's steel industry is set to be saved from collapse by two little-known financiers who hope to revive the "British Steel" name. (http://bit.ly/1qhju51)
Sky News
Millions of documents leaked to a number of media organisations across Europe apparently show the ways the rich and famous leaders, politicians including three former Tory MPs and six peers, can exploit secretive offshore tax regimes. (http://bit.ly/1RVOvYe)
Billionaire Investor Wilbur Ross is among a pack of possible buyers who are likely to be contacted in the coming days, to rescue Tata Steel's UK operations.(http://bit.ly/1W3x0Vy)
The Independent
A multibillion pound move to save Britain's steel industry from collapse by underwriting some of its pension liabilities, cutting its energy bills and modernising its largest plant is being prepared by the British Government.(http://ind.pn/1RZKV98)