Be in the know. 12 key reads for Wednesday…

  1. FDA Looks To Grant Full Approval To Pfizer’s COVID-19 Vaccine By Early September: NYT (Benzinga)
  2. As China’s recovery wobbles, economists expect more policy easing (Reuters)
  3. Tencent Selloff Shows Deep Scar Tissue in Chinese Markets (Wall Street Journal)
  4. Lyft Makes Its Move in Race for Profits (Wall Street Journal)
  5. SoftBank acquires $5bn stake in Swiss drugmaker Roche (Financial Times)
  6. 6 reasons stocks could surprise to the upside this month despite historically meager returns in August, according to Fundstrat (Business Insider)
  7. Natural Gas Is Looking Like This Summer’s Hottest Commodity (Wall Street Journal)
  8. Alibaba Earnings Were Pretty Good. Why the Stock Has Dropped — Just Like Amazon Did. (Barron’s)
  9. CVS Health raises forecast for year, tops analyst estimates with strong second-quarter sales (CNBC)
  10. 5 Favorite Dividend-Paying Banks to Buy Now With Q2 Earnings Over (24/7 Wall Street)
  11. Mortgage rates fall below 3% for first time since February – MBA (Reuters)
  12. People Have Been Buying Defensive Stocks. (Barron’s)