Reuters Daily Investor Update: April 24, 2017

Click to View in Browser Monday, April 24, 2017 PPG raises offer for Akzo Nobel to $29 billion AMSTERDAM (Reuters) - U.S. paint maker PPG Industries raised its proposed offer for Akzo Nobel by about 8 percent to 26.9 billion euros (22.5 billion pounds) on Monday, increasing the pressure on its Dutch rival to enter into talks. PPG raises offer for Akzo Nobel to $29 billion AMSTERDAM (Reuters) - U.S. paint maker PPG Industries raised its proposed offer for Akzo Nobel by about 8 percent to 26.9 billion euros ($28.8 billion) on Monday, increasing the pressure on its Dutch rival to enter into talks. NASH: The next untapped pharma market gives investors many options (Reuters) - Large drugmakers with piles of cash are on the hunt for promising medicines being developed by small companies to treat NASH, a progressive fatty liver disease poised to become the leading cause of liver transplants by 2020. Microsoft's Nadella banks on LinkedIn data to challenge Salesforce SAN FRANCISCO (Reuters) - Microsoft Corp is rolling out upgrades to its sales software that integrates data from LinkedIn, an initiative that Microsoft CEO Satya Nadella told Reuters was central to the company's long-term strategy for building specialized business software. Wall Street surges in relief rally after French vote result (Reuters) - Wall Street surged on Monday, tracking a relief rally that swept through European and Asian stock markets, after Centrist candidate Emmanuel Macron won the first round of the French presidential election. Congress returns as Trump pressures Democrats ahead of funding deadline WASHINGTON (Reuters) - With a deadline looming this week to avert a U.S. government shutdown, Congress returns to work on Monday as President Donald Trump leans on Democrats to include funding for his promised border wall with Mexico in spending legislation. Equity markets, euro rally in wake of French election NEW YORK (Reuters) - Global equity markets rallied on Monday, boosting a gauge of world stocks to a record high, while the euro briefly jumped to a five-month peak against the U.S. dollar as the first round of an election in France went to the market's preferred candidate. Halliburton gains from rising oil well completions in North America (Reuters) - Halliburton Co said on Monday that oil producers are completing nearly as many wells as they are drilling, a major reversal from when companies left wells unfinished in anticipation of higher oil prices. China clamps down on excess steel as Japan decries Trump 'protectionism' MANILA/BEIJING (Reuters) - Twenty-nine Chinese steel firms have had their licenses revoked as Beijing kept up its campaign to tackle overcapacity in the sector and days after U.S. President Donald Trump said he would open a probe into cheap steel exports from China and elsewhere. Oil slips, as investors fret about rising U.S. drilling LONDON (Reuters) - Oil prices dipped on Monday, reversing earlier gains as concerns about a pick up in U.S. drilling activity trumped expectations that OPEC will extend output cuts till the end of 2017. Related Video Panera to add 10,000 jobs German business morale defies political risks Related News Investors not yet ruffled by looming government shutdown Prudential's Peters says risk-reward for junk bonds 'not favorable' Get a jump on the day with our early morning summary of key news developments for the US markets, as well as global market news. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook