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Well-timed trades in Gilead Sciences Inc's options ahead of good news on the biopharmaceutical company's COVID-19 drug treatment may draw regulatory scrutiny, experts said.

Coty Inc on Monday appointed its Chairman and top investor JAB Holdings executive Peter Harf to the role of chief executive officer, as the cosmetics maker tries to revive sales and steer through the coronavirus crisis.

Futures tracking the S&P 500 index were trading flat on Monday following a strong showing in May, as investors turned cautious after protests erupted across the country over race, and simmering tensions between Washington and Beijing heated up.

U.S. utility stocks have started to look like bargains after being considered expensive relative to the broader market for well over a year. Still, the outlook is far from certain as demand this summer is set to be hard hit by the contraction in commercial and industrial usage.

There is broad backing in stock markets for cutting the trading day by 90 minutes in a coordinated way across European exchanges, the London Stock Exchange said on Monday.

Facebook employees critical of CEO Mark Zuckerberg's decision not to remove an inflammatory comment from U.S. President Donald Trump took their dissent public over the weekend on Twitter, praising the rival social media firm for taking action and rebuking their own employer.

World stocks hovered near three-month highs and the dollar was flat on Monday as optimism over economies opening up again boosted risk appetite, despite worries over riots in the United States and unease over Washington's standoff with Beijing.

Oil prices were steady on Monday helped by reports that OPEC and Russia were closer to a deal on extending oil cuts but held back by renewed tension between the United States and China.

Walmart Inc's Indian e-commerce unit Flipkart said on Monday it would re-apply for a food retail license in India after reports said its earlier proposal was rejected by the government last week.

U.S. financial regulators, banks and their investors will get their first glimpse into the health of the nation's banking system as it confronts soaring corporate and consumer defaults in the economic crisis sparked by the novel coronavirus.

The Federal Reserve's bank stress tests will look significantly different in 2020, thanks to regulatory changes and the dramatic economic turmoil brought on by coronavirus pandemic.

Cosmetics maker Coty Inc on Monday appointed its Chairman Peter Harf as the chief executive officer of the company, replacing Pierre Laubies, who stepped down after less than two years in the job.

Brazilian planemaker Embraer reported a $292 million first quarter loss on Monday due to a coronavirus crisis sales slump and the impact of a failed deal with Boeing Co .

European manufacturers may be over the worst of a coronavirus-driven downturn, but Asia's pain deepened in May due to a slump in global trade, with export powerhouses Japan and South Korea seeing the sharpest falls in activity in over a decade, surveys showed.

China has asked its state-owned firms to halt purchases of soybeans and pork from the United States, two people familiar with the matter said, after Washington said it would eliminate special U.S. treatment for Hong Kong to punish Beijing.

Chinese electric vehicle (EV) maker BYD Co Ltd , will supply EV batteries to U.S. automaker Ford Motor Co , a document on the website of the Ministry of Industry and Information Technology showed on Monday.

Zynga Inc has agreed to buy Turkish mobile-game maker Peak for $1.8 billion, Bloomberg News reported on Monday, citing Chief Executive Officer Frank Gibeau.

Oil prices were steady on Monday helped by reports that OPEC and Russia were closer to a deal on extending oil cuts but held back by renewed tension between the United States and China.

German automaker Opel is planning to start manufacturing a compact car for French parent PSA at its main Ruesselsheim plant from mid-2021 onwards, German business daily Handelsblatt reported, citing company sources.

Yum China Holdings Inc said on Monday it will introduce Beyond Meat Inc's plant-based burgers at its fast-food restaurants in mainland China starting June 3.