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Need to Know
![Fight over trade policy is like the fight over vaccines — there’s a lot of fake info]()
OpinionFight over trade policy is like the fight over vaccines — there’s a lot of fake info
- Here’s why trade-war fears trump the Bank of Japan when it comes to the yen
- Escalating U.S.-China trade spat comes at a bad time for global growth, economist says
- Why the U.S.-China trade deficit is so huge: Here’s all the stuff America imports
- Skeptic denied victory lap even as unwanted Chinese steel floods the market
- The only dark cloud over the U.S. economy is Trump’s trade fights with, well, everybody
Valeant shares drop 5% after FDA fails to approve plaque psoriasis lotion
Valeant Pharmaceuticals International Inc. shares dropped 5.4% in premarket trade on Monday on news that the Food and Drug Administration failed to approve the company's lotion intended to treat plaque psoriasis. In a "complete response letter" notifying the company of the decision, the regulator noted questions about pharmacokinetic data, but did not specify problems with how well the product, Duobrii, works, nor with chemistry, manufacturing and controls processes, the company said. Valeant says it plans to work with the FDA to resolve the matter. Valeant shares have surged 60.6% over the last three months, compared with a 1% rise in the S&P 500 and a 0.6% rise in the Dow Jones Industrial Average .
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![Elon Musk says Tesla shorts will get blown up — and even predicted exactly when]()
Elon Musk says Tesla shorts will get blown up — and even predicted exactly when
- Elon Musk shows off new Tesla production line — and it’s in a tent
- Tesla to layoff 9% of its workforce, Elon Musk says
- Elon Musk’s Boring Co. gets Chicago’s nod for 12-minute pod ride from Loop to O’Hare
- Money flows in 11 popular tech stocks suggest a contrarian signal is coming up
- Tesla may hit Model 3 production targets by end of June
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Personal finance
![New warnings about cuts to Social Security and Medicare are a reason to worry]()
OpinionNew warnings about cuts to Social Security and Medicare are a reason to worry
Social Security and Medicare are still looking wobbly
![I asked my son to buy a condo unit with me as an investment — now I want my money]()
I asked my son to buy a condo unit with me as an investment — now I want my money
This father has four options for repayment. His wife and his son disagree with them.
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Inside Marketwatch
Unilever calls for cleanup of influencer marketing
Using personalities popular on social media for promotion may be a hot marketing technique, but it also has a downside, warns one of the world's biggest advertisers. Unilever, the maker of Dove shampoo and Hellman's mayonnaise, is expected to call for greater transparency in the often murky world of influencer marketing during the Cannes ad festival that is taking place this week on the French Riviera.
Google, Facebook spur jump in ad-spending forecast
The backlash against Google and Facebook from some big marketers isn't denting their ad business. Magna, a division of Interpublic Group of Companies, predicts global ad revenue will increase 6.4% to $551 billion this year, up from an earlier projection of 5.2% growth, including ad spending on cyclical events like the Olympics.
Audi CEO arrested in emissions-cheating probe
BERLIN -- The chief executive of Volkswagen AG's luxury brand Audi was arrested Monday in connection with an investigation of his role in the German car maker's diesel emissions-cheating scandal. The arrest, the first of a Volkswagen executive board member in connection with the dieselgate scandal, comes a week after Munich prosecutors added Rupert Stadler to a list of suspects in a fraud investigation that is targeting around 20 people.
