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Macro
World Shares Rise as China Exports Improve AP
Housing Regulator Closes Loan Loophole Used by REITs (Move will prevent membership in government-backed federal home loan banks for captive insurers.) WSJ
PC Sales Drop to Historic Lows (Final quarter numbers are at their lowest since 2007, the year the iPhone was released.) iDC via WSJ
ISAB Changes Rule on Accounting for Leases (A new accounting rule will force companies outside the U.S. to add large amounts of leases to their balance sheets.) WSJ
As Obama Delivers SOTU, 23% Satisfied With Direction of U.S. Gallup
Early Global News Wednesday January 13 2016 | Stocks in Play
Companies
SJR Shaw Communications Inc. Announces Sale of Shaw Media to Corus Entertainment Inc. for $2.65 Billion Press Release
CHKP Check Point Systems in initial talks to buy Cyber Ark Haaretz
GE Plans to Cut 6,500 Jobs in Europe in Next Two Years Reuters
QCOM 6762.T Qualcomm, TDK form $3 billion JV to make components used in wireless tech Reuters
Rafale deal in last lap, may cost Rs 60000 crore for 36 fighters Economic Times of India
BIDU Chinese Search Giant Baidu Eyes Investments In Zomato, BookMyShow And Big Basket Techcrunch
YUM Shares Rise After December Gain in China Same-Store Sales WSJ
Pharmaceuticals – Healthcare – Biotech
ANTM ESRX Anthem Takes $3 Billion Express Scripts Fight Public (Health insurer Anthem Inc. would like $3 billion a year more in savings on pharmaceuticals from Express Scripts Holding Co., and is saying they will drop the company in a move that would depose the pharmacy benefit manager as the country’s largest.) Bloomberg
VRX GiLD Bill that aimed to shed light on specialty prescription drug pricing is shelved LA Times
GiLD Gilead, other drug companies shrug off price complaints Boston Globe
PFE AGN Pfizer, Allergan say combined drug pipeline ‘underappreciated’ Reuters
Energy – Commodities
PBR Brazil’s Petrobras mulls sale of Braskem stake – newspaper Reuters
China commodities imports jump, but 2016 outlook mixed (For calendar year 2015, imports of oil, iron ore and soybeans all broke records, while copper was steady, customs data revealed on Wednesday.) The Fiscal Times
U.S. Exports First Freely Traded Oil in 40 Years (Energy companies hurry to ship overseas after ban is removed.) WSJ
Analysis: Amid oil price pain, India, China eye revenue gain Platts