Be in the know. 10 key reads for Wednesday…

  1. SoftBank to Reduce Alibaba Stake, Expects $34 Billion in Gains (wsj)
  2. Get ready for more merger mania in the pharma sector for the rest of the year (marketwatch)
  3. Homebuyers dial back amid affordability issues, shaky economy (foxbusiness)
  4. China’s Central Bank Warns of Inflation Risks as CPI Climbs (bloomberg)
  5. Russia Ready to Resume Oil Flow to Central Europe as Spat Solved (bloomberg)
  6. IAC Foundation Shows Few Cracks (wsj)
  7. Tech Stocks Are Back in the Market’s Driver’s Seat (wsj)
  8. Obsessing over CPI? You could be missing bargain stocks that build long-term returns, say these fund managers (marketwatch)
  9. S. Home Inventory Grew at Record Pace in July (barrons)
  10. China Says Taiwan Military Drills Over, Plans Regular Patrols (bloomberg)