Be in the know. 30 key reads for Wednesday…

  1. Biden Shows Sign of Rethinking China Tariffs. Any Move Won’t Come Soon. (barrons)
  2. developing | Traffic returns, barriers come down as Shanghai ends lockdown (scmp)
  3. Shanghai post-lockdown sees consumers queue up at LV, Prada, other luxury stores (scmp)
  4. Insider stock purchases are at the highest level in more than 2 years, potentially signaling a market bottom (businessinsider)
  5. China Orders $120 Billion Credit Line for Infrastructure Growth (bloomberg)
  6. 50 Measures Released to Revive and Boost Growth in Shanghai (gov.cn)
  7. Li Auto stock jumps after May deliveries soar despite continued supply chain challenges (marketwatch)
  8. Attention Biotech Investors: Mark Your Calendar For These June PDUFA Dates (benzinga)
  9. Salesforce Stock Rises. Analysts Praise the Commitment to Margin Growth. (barrons)
  10. The Fed Is Deploying a Mystery Device From Its Tightening Toolbox Today (barrons)
  11. HP Stock Rises on Strong Earnings (barrons)
  12. Cracks Show in Western Front Against Russia’s War in Ukraine (wsj)
  13. OPEC Weighs Suspending Russia From Oil-Production Deal (wsj)
  14. Shanghai Ready to Exit Lockdown as Covid Cases Drop (wsj)
  15. Yellen Says ‘I Was Wrong’ Last Year on the Path of US Inflation (bloomberg)
  16. Elon Musk’s Ultimatum to Tesla Execs: Return to the Office or Get Out (bloomberg)
  17. China Youth Unemployment Crisis Leaves Tens of Millions Jobless (bloomberg)
  18. Delta raises revenue forecast on higher demand and fares (cnbc)
  19. Charts suggest ‘it’s going to be a very nice summer’ for stocks, Jim Cramer says (cnbc)
  20. Alibaba and other Chinese stocks get a boost after Shanghai lifts COVID-19 restrictions and officials unveil stimulus measures (businessinsider)
  21. Hong Kong Sees Rush of Chinese Visitors, Most Since Pandemic (bloomberg)
  22. Hovnanian stock surges toward 5th-straight gain after adjusted earnings triple, gross margin improves (marketwatch)
  23. Amazon (AMZN) Defended at JPMorgan, Analyst Expects Revenue Growth and Margins to Improve in H2 (streetinsider)
  24. Extent of China’s Auto Purchase Tax Exemption Policy Exceeds Expectations – Analyst (streetinsider)
  25. Pharmaceutical Stocks Slide On Worries of Skimmed Down Build Back Better Bill (streetinsider)
  26. DeLorean is back for the future with brand new EV (yahoo)
  27. Tech stocks in Hong Kong worth a punt as China passes peak Covid-19 pain (scmp)
  28. PMIs Beat As Lockdowns Ease, Technology Leads Gains (chinalastnight)
  29. Exclusive: Central banker Bostic cautions against interpreting prospective pause in rate hikes as a ‘Fed put’ (marketwatch)
  30. Fed to begin quantitative tightening: What that means for financial markets (marketwatch)