- Cruz, Sanders score decisive victories in Wisconsin (Reuters)
- Clinton Can’t Get to New York Fast Enough After New Sanders Win (BBG)
- Trump, Clinton Have Single-Digit Leads in Pennsylvania (BBG)
- Panama law firm says data hack was external, files complaint (Reuters)
- ‘Panama Papers’ Puts Spotlight on Boom in Offshore Services (WSJ)
- Barclays partners with Goldman-backed bitcoin payments app (FT)
- China Inc. Scraps $7 Billion of Bond Offerings as Defaults Rise (BBG)
- Activists Reap Olive Garden Bounty (WSJ)
- Russia sees oil price of $45-$50 per barrel 'acceptable' as it prepares for freeze deal (Reuters)
- Deposition ordered for woman in debunked Rolling Stone rape article (Reuters)
- Some Asking If Disney CEO Will Extend Tenure (WSJ)
- NYU Graduates Seeking $11 Billion of Gold in Ransacked Mine (BBG)
- Oil glut up close: How Cushing copes with full crude tanks (Reuters)
- PayPal pulls North Carolina plan after transgender bathroom law (Reuters)
- Currency Traders Brace for Wild Ride as Volatility Curves Invert (BBG)
- Zika mystery deepens with evidence of nerve cell infections (Reuters)
- Rising U.S. inflation would take a bite out of the dollar (Reuters)
Overnight Media Digest
WSJ
- Pfizer Inc has decided to kill its planned $150 billion takeover of Allergan PLC, after the Obama administration took aim at a deal that would have moved the biggest drug company in the U.S. to Ireland to lower its taxes, according to people familiar with the matter. (http://on.wsj.com/1N7RRA3)
- Iceland Prime Minister Sigmundur David Gunnlaugsson yielded his post Tuesday, becoming the first major casualty of renewed global scrutiny into offshore accounts sparked by millions of documents allegedly leaked from a Panamanian law firm. (http://on.wsj.com/1N7RVzF)
- Bank of America Corp named Andrei Magasiner new treasurer on Tuesday. Magasiner replaces Greg Hackworth who had been the treasurer since 2013. (http://on.wsj.com/23a5H1t)
- Twitter Inc obtained the rights to stream 10 of the National Football League's Thursday night games, a bid to move from the periphery to the center of live events by leveraging the most popular U.S. sport. (http://on.wsj.com/1N7SeKP)
- Johnson & Johnson is deepening its business in Africa, adding new research, development and distribution capabilities to boost sales of new medicines to fight HIV/AIDS and other major killer diseases. (http://on.wsj.com/23a6rnk)
FT
Iceland's prime minister stepped down on Tuesday, becoming the first casualty in the Panama papers tax scandal. (http://on.ft.com/1TAykPc)
The U.S. Justice Department is planning to sue to stop the Halliburton Co and Baker Hughes merger. (http://on.ft.com/1TAyw0Z)
WhatsApp said it has bolstered encryption protections that will prevent law enforcement agencies from obtaining access to its users. (http://on.ft.com/1TABeDL)
Glencore is close to selling a stake in its agricultural business to Canada's pension fund, Canada Pension Plan Investment Board. (http://on.ft.com/1TABCBX)
NYT
- Pfizer Inc plans to abandon its $152-billion merger with Allergan Plc, the largest deal yet aimed at helping an American company shed its United States corporate citizenship for a lower tax bill. This comes just days after the Obama administration introduced new tax rules, a person briefed on the matter said late Tuesday. (http://nyti.ms/239ZEtE)
- Puerto Rico took steps on Tuesday toward a unilateral moratorium on all government debt payments, rejecting efforts in Washington to allow it to restructure only under close federal supervision. Puerto Rico took steps on Tuesday toward a unilateral moratorium on all government debt payments, rejecting efforts in Washington to allow it to restructure only under close federal supervision. (http://nyti.ms/23fuSMz)
- The leak of millions of private financial documents linking scores of the world's rich and powerful to a secretive Panamanian law firm peddling in shell companies and offshore bank accounts began more than a year ago with a cryptic message to a German newspaper from an anonymous whistleblower. (http://nyti.ms/1S9Whrj)
- On Tuesday, the FBI's top lawyer shed a bit more light on the question regarding what secrets did the iPhone used by San Bernardino shooter hold, a week after the Justice Department announced that it had gotten into the phone without Apple Inc's help. (http://nyti.ms/1VvuKGd)
Canada
THE GLOBE AND MAIL
** The federal agency responsible for monitoring money laundering across the country said that it has fined a Canadian bank more than C$1.1 million for failing to report a suspicious transaction, a hefty penalty that is designed to send a message of deterrence in the financial sector. (http://bit.ly/1RXzCSa)
** Canadians will be shut out from a landmark deal that the National Football League has struck to live-stream Thursday night games for free online through Twitter during the coming season. (http://bit.ly/25KCZmz)
** The privatization of Hydro One will most likely be completed before Premier Kathleen Wynne's Liberals face re-election in 2018, the man in charge of the sell-off said. (http://bit.ly/1UI0fhe)
** Hudson's Bay Co is racing to add robots to its Toronto distribution centre that handles e-commerce orders, betting that the investment will give it an edge in the retail digital wars. (http://bit.ly/1TBzk5E)
NATIONAL POST
** Valeant Pharmaceuticals International Inc stock saw a double-digit surge after the company's ad-hoc committee announced it had not identified any additional items that need restating following its review of the controversial Philidor specialty pharmacy. (http://bit.ly/1MR2oVr)
** An arbitration tribunal has ordered the Venezuelan government to pay $1.386 billion to Canadian miner Crystallex International Corp, saying the state caused all of Crystallex's investments "to become worthless". (http://bit.ly/1SPiEFs)
Britain
The Times
Tough new U.S. Treasury rules on corporate tax inversions that could scupper Pfizer's record $150 billion takeover of Allergan wiped nearly 17 per cent off the Botox maker's shares yesterday.(http://bit.ly/1RD4MiM)
Cerberus Capital Management confirmed it is on course to sell more than 6 billion pound of loans once owned by Northern Rock mortgages. (http://bit.ly/22aNawf)
The Guardian
Profits in investment banking arm will not be as high as last year, Barclays said, as it asked shareholders for permission to sell off its African operations. (http://bit.ly/1RMuLAK)
Stock markets across Europe have fallen following weaker than expected economic indicators, falling oil prices, and a warning from the International Monetary Fund stoked fears of a slowing global recovery.(http://bit.ly/22aIrdX)
The Telegraph
Prince Andrew from the Royal family has stepped into the crisis engulfing Britain's steel industry which has thrown into doubt the future of 40,000 UK jobs. (http://bit.ly/1S8ouyz)
Five former Barclays bankers rigged key interest rate benchmark Libor "for their own advantage" in a conspiracy "driven by money", a court has heard. (http://bit.ly/238tHC1)
Sky News
HSBC is to reinforce its commitment to the strategy it outlined last year by signing a deal to sponsor a high-speed rail-link between two cities in the Pearl River Delta, one of China's most important economic regions. (http://bit.ly/1MQEp8H)
The trade body, Investment Association, which represents fund managers overseeing 5.5 trillion pound in assets is to name Chris Cummings as its next chief executive as the industry undergoes unprecedented regulatory reform. (http://bit.ly/1RWR6xV)
The Independent
PayPal will not move forward with planned expansion in Charlotte, North Carolina following the passage of a widely condemned anti-LGBT law. (http://ind.pn/1VuDIDH)
The head of the International Monetary Fund, Christine Lagarde, has put Britain voting to leave the EU in June's referendum among what she says are immediate threats to the global economy. (http://ind.pn/1RVMsQH)