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Consumer discretionary .SPLRCD was the best performing of the 11 major S&P 500 sectors, rising 1.3 percent. The energy sector .SPNY advanced 0.7 percent as crude prices LCOc1 rose on signs that OPEC is not prepared to boost output to address shrinking supplies from Iran. Among losers, Tesla Inc (TSLA.O) sank 3.4 percent after disclosing that it had received a request for documents from the U.S. Department of Justice regarding Chief Executive Elon Musk’s public statements about taking the company private.

Insurer Marsh & McLennan (MMC.N) slid by 4.0 percent on news that it will buy British insurance and reinsurance broker Jardine Lloyd Thompson JLT.L for $5.7 billion, Defensive groups lagged, with consumer staples .SPLRCS ending down 0.4 percent, General Mills Inc (GIS.N) dropped 7.6 percent after missing analysts’ quarterly sales estimates, extending the packaged food company stock’s near-26 percent year-to-date decline, Advancing issues outnumbered declining ones first time dad cufflinks on the NYSE by a 1.35-to-1 ratio; on Nasdaq, a 1.42-to-1 ratio favored advancers..

WASHINGTON (Reuters) - Republican and Democratic U.S. senators introduced a bill on Tuesday that would reimpose sanctions on China’s ZTE Corp (0763.HK) (000063.SZ) if it does not fully comply with U.S. laws and an agreement with the Trump administration that ended stiff restrictions on the telecommunications equipment company. President Donald Trump angered many members of Congress, including some of his fellow Republicans, in July when he decided to lift a ban on U.S. companies selling to ZTE, allowing the giant company to resume business.

Lawmakers have introduced several pieces of legislation since then that seek to clamp down on the company, China’s second largest telecommunications equipment maker, Most have failed to advance in the face of administration opposition, Senate aides said they thought the latest measure - led by Republican Senator Marco Rubio and Democrat Chris Van Hollen and focused on adherence to an agreement reached by Trump’s Commerce Department - would get support from congressional leadership, Senate aides said the purpose of the bill was to make it clear to the administration that Congress wants a strong response if ZTE violates the deal, Many members of Congress view the Chinese firm as a national security threat, worrying that the use of its technology in the United States could make it easier for China to first time dad cufflinks steal secrets..

Among other things, the legislation, introduced by three Republicans and three Democrats, would require reports from the Commerce Department every 90 days on ZTE’s compliance with the agreement and sharing with congressional committees ZTE audits conducted under the agreement. If ZTE is not in compliance, it would face stiff penalties, including paying $400 million now held in escrow. “This bipartisan legislation would ensure that if ZTE once again violates trade restrictions or its agreement with the U.S., it will be held accountable in a significant, painful way,” said Senator Mark Warner, the top Democrat on the Senate Intelligence Committee and a co-sponsor of the bill.

(Reuters) - Tesla Inc said on Tuesday the U.S, Department of Justice was investigating Chief Executive Elon Musk’s public statements in August that he was considering taking the electric car maker private, the latest and biggest threat to Musk’s leadership, The Justice Department asked Tesla for documents about Musk’s announcement, first time dad cufflinks Tesla said, describing it as a “voluntary request.” The company said it was co-operating and that the matter “should be quickly resolved.”..

The probe by the Justice Department, which can press criminal charges, comes on top of a civil probe by the Securities and Exchange Commission and shareholder lawsuits. The Justice Department declined to comment. Bloomberg reported earlier that federal prosecutors had opened a criminal fraud investigation. Tesla did not say whether the Justice Department probe was criminal or civil. Musk surprised investors on Aug. 7 with his plan to take Tesla private, tweeting that he had “funding secured” for a deal that would have valued the company at $72 billion. In a separate tweet, he wrote: “Investor support is confirmed.”.

Tesla’s shares rose after his tweet, but investors in the company’s bonds and convertible debt were skeptical that the tens of billions of dollars needed for the buyout would materialize, After two weeks of uncertainty, particularly over funding, Musk abruptly abandoned the plan on Aug, 24, saying it would be even more time-consuming and distracting than anticipated, and that “most of Tesla’s existing first time dad cufflinks shareholders believe we are better off as a public company.”, Tesla’s stock, which has lost about 25 percent since its gains after Musk first tweeted about going private, fell 3.5 percent to $284.50 on Tuesday..

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