My top 10 things to watch Monday, August 5 1. A global sell-off is underway Monday, with Japan front and center. Too much leverage in Japan? Its Nikkei 225 dropped 12.4% for its worst day since "Black Monday" in 1987 and entered into a bear market. Crypto is not acting like a safe-haven asset, as bitcoin tumbled 13% and at one point dropped below $50,000 each for the first time since February. 2. In the U.S.
The deal could vale Kellanova at roughly $30 billion, the Journal reported. 8. Shares of Eli Lilly are under pressure again Monday and on track to open at levels last seen in May, erasing all of their summer gains. While drug stocks are generally seen as defensive, Eli Lilly is not trading that way. Investors have grown worried about emerging competition in the fast-growing GLP-1 market from the likes of Roche and Viking Therapeutics .
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