Stocks under pressure | Ex-Nissan CEO post bail | New depression treatment approved

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Futures are pointing to a mostly lower open for the Wednesday session, with Wall Street stuck in a mild funk.

Futures were lower this morning as investors weighed ongoing U.S.-China trade negotiations. The Dow and S&P 500 have been down for five of the past six sessions, while the Nasdaq has fallen in three of the past four days. The Dow Transports have been down for eight straight sessions. div > div.group > p:first-child"> The Federal Reserve is out with its Beige Book - the region-by-region assessment of the U.S. economy - at 2 p.m. ET.

Former Nissan Motor boss Carlos Ghosn left prison on a $9 million bail today, slipping past a throng of reporters in a blue cap and surgical mask, after vowing to mount a defense against financial misconduct charges. The Las Vegas Convention and Visitors Authority is recommending that Elon Musk's Boring Company design, construct and operate an underground people mover on its conference center campus.

FDA Commissioner Scott Gottlieb announced he is resigning to spend more time with his family. He's credited with leading the agency's charge against under age vaping as well as speeding up approvals for generic drugs. Ross Stores beat estimates by seven cents with profit of $1.20 per share for its latest quarter, while the discount retailer's revenue beat estimates as well. However, Ross also said it is taking a"prudent approach" to 2019, noting tough comparisons and a competitive retail landscape.

Philip Morris International circumvented an India ban on foreign direct investment by paying manufacturing costs to its Indian partner, according to internal company documents seen by Reuters.

 

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