"Alexa, what happened to Spotify stock?"... It fell after Amazon stealthily launched free music (with ads) for anyone with an Echo device (no Prime membership needed). Now Spotify's not the only one offering Adele for free, streaming, and on-demand.
If these two should not be joined in matrimony... speak now. The Justice Department might. The WSJ reported that regulators plan to block the $26B merger of US telecom's #3 and #4 players because it would be an "unacceptable threat to competition." That dropped shares of Sprint and T-Mobile.
Bonus: T-Mobile also just launched a banking product — More on that in our podcast.
Describe your pain on a scale from 1 to 10... Healthcare investors are feeling it as the 2020 election oven preheats. "Medicare For All" from the left has health insurers Cigna, United Health, and Anthem down over 10% in just six trading days. And momentum in DC to stop drug price-gouging has pharmaceutical companies Pfizer and Eli Lily off over 8%.