Be in the know. 40 key reads for Friday…

  1. Ant Is Addressing Regulators’ Demands. What Proposed Changes Could Mean for China’s Big Tech Valuations. (Barron’s)
  2. This Biotech Is Editing Genes Inside the Body. What It Means for the Stock. (Barron’s)
  3. Nearly 3.4M workers remain on jobless benefits despite drop in weekly claims (New York Post )
  4. Nike Earnings Beat Expectations. Why Its Stock Is Jumping. (Barron’s)
  5. Banks Pass the Fed’s Stress Tests. It’s Buyback Time. (Barron’s)
  6. Citigroup: From Laggard to Leader? (Barron’s)
  7. Biden Says an Infrastructure Deal Has Been Reached. Here’s What It Means for Stocks. (Barron’s)
  8. Will Fed tapering concerns derail the rising stock market? ‘Investors should look past it,’ says one strategist. (MarketWatch)
  9. 5 Things We Learned From This Week’s Big SPAC Conference (Barron’s)
  10. Merrill Lynch’s Raj Bhatia: ‘One Face-to-Face Meeting Is Worth More Than 100 Emails’ (Barron’s)
  11. Your NFT Sold for $69 Million—Now What? Beeple Turns to a New Project, and Old Masters. (Wall Street Journal)
  12. Didi Sets Valuation Target of $62 Billion to $67 Billion in IPO (Wall Street Journal)
  14. The Economic Recovery Is Here. It’s Unlike Anything You’ve Seen. (Wall Street Journal)
  15. 4,368 Episodes Later, Conan O’Brien’s Late-Night Run Ends (Wall Street Journal)
  16. Fed’s Williams Says More Progress Needed Before Rate-Hike Shift (Wall Street Journal)
  17. Eli Lilly to Seek FDA Approval for Alzheimer’s Drug (Wall Street Journal)
  18. ‘F9: The Fast Saga’ Review: Furiouser and Curiouser (Wall Street Journal)
  19. FedEx to Ramp Up Spending to Ease Delivery Delays (Wall Street Journal)
  20. Hospital Stocks’ Rally Points to Post-Covid Growth (Wall Street Journal)
  21. Fed Gives Big Banks Clean Bill of Health in Latest Stress Test (Wall Street Journal)
  22. Bond Anomalies Have Been Around Since Napoleon (Bloomberg)
  23. Wall Street Binges on Volatility Hedges as Stocks Hit Records (Bloomberg)
  24. Apple’s Car Obsession Is All About Taking Eyes Off the Road (Bloomberg)
  25. Iran Misses Deadline to Renew Nuclear Monitoring Pact With IAEA (Bloomberg)
  26. Virgin Galactic jumps 12% after getting the green light from the FAA to fly passengers to space (CNBC)
  27. Cramer’s lightning round: ‘I want to buy the stock of Verizon’ (CNBC)
  28. Elon Musk says he will debate Jack Dorsey about bitcoin, after criticizing the token’s energy use (Business Insider)
  29. These 30 stocks are the best dividend income growers among the S&P 500 (MarketWatch)
  30. U.S. consumer spending takes a breather in May (Reuters)
  31. Roche’s arthritis drug gets authorized as COVID-19 treatment for the severely ill (MarketWatch)
  32. Netflix upgraded to Outperform from Neutral at Credit Suisse (TheFly)
  33. Natgas Futures Hit 29-Month High Amid Heat Wave (ZeroHedge)
  34. All 23 US Banks Easily Pass Fed’s Stress Test, Setting Stage For Billions In Buybacks (ZeroHedge)
  35. Paris Air Show Reveals Increasing Demand for Boeing (BA) MAX and China Recert Likely in 3Q – Morgan Stanley (StreetInsider)
  36. Eli Lilly (LLY) Surges After Getting Breakthrough Therapy Designation From FDA, Analyst Raises PT and Sees Approval Chance at 90%, Biogen (BIIB) Plunges (Street Insider)
  37. Hershey Foods’ (HSY) Jet Spotted in Buffett’s Backyard – Analyst (StreetInsider)
  38. Jefferies Says Jump On the Weakness in Three Top Gaming Stocks and Buy Now (24/7 Wall Street)
  39. Here’s why Boeing’s stock will soar (Yahoo! Finance)
  40. Hedge funds rethink tactics after $12bn hit from meme stock army (FinancialTimes)