Former President Donald Trump, who has previously called for building a wall along the southern border and giving drug dealers the death penalty, has also proposed creating a naval blockade of Mexico to prevent drugs like illicit fentanyl from entering the U.S. His leading opponent in the 2024 GOP nomination race, Florida Gov. Ron DeSantis, promised last week to use "deadly force" against anyone caught smuggling drugs across the border.
Judge Orders Biden Officials to Limit Contact With Social-Media Companies
A federal judge issued a broad preliminary injunction limiting the federal government from communicating with social-media companies about online content, ruling that Biden administration officials' policing of social-media posts likely violated the First Amendment.
In a 155-page ruling issued Tuesday, U.S. District Judge Terry Doughty of Louisiana barred White House officials and multiple federal agencies from contacting social-media companies with the purpose of suppressing political views and other speech normally protected from government censorship.
Putin Seeks to Project Strength Abroad in Wake of Wagner Uprising
In his first meeting with key foreign allies since an aborted mutiny challenged his leadership last month, Russian President Vladimir Putin sought to reassure Asian leaders that he remains firmly in charge at home.
Nearly two weeks after an attempted rebellion by Yevgeny Prigozhin and his Wagner paramilitary group, Putin addressed a virtual meeting Tuesday of the Shanghai Cooperation Organization, which also included Chinese leader Xi Jinping and Indian Prime Minister Narendra Modi.
Write to paul.larkins@dowjones.com TODAY IN CANADA
Earnings:
None scheduled
Economic Calendar (ET):
0930 Jun Canada Manufacturing PMI
Expected Major Events for Wednesday
00:30/JPN: Jun Japan Services PMI
06:00/RUS: Jun Russian Services PMI
06:45/FRA: May Industrial production index
07:45/ITA: Jun Italy Services PMI
07:50/FRA: Jun France Services PMI
07:55/GER: Jun Germany Services PMI
08:00/UK: Jun UK monthly car registrations figures
08:30/UK: Jun UK Official Reserves
08:30/UK: Jun S&P Global / CIPS UK Services PMI
08:30/UK: Jun Narrow money (Notes & Coin) and reserve balances
11:00/US: 06/30 MBA Weekly Mortgage Applications Survey
12:55/US: 07/01 Johnson Redbook Retail Sales Index
14:00/US: May Manufacturers' Shipments, Inventories & Orders (M3)
20:00/US: Jun Domestic Auto Industry Sales
20:30/US: 06/30 API Weekly Statistical Bulletin
All times in GMT. Powered by Kantar Media and Dow Jones.
Expected Earnings for Wednesday
Aceragen Inc (ACGN) is expected to report for 1Q.
Ayala Pharmaceuticals Inc (ADXS) is expected to report for 2Q.
Barnes & Noble Education Inc (BNED) is expected to report $-0.60 for 4Q.
BeyondSpring Inc (BYSI) is expected to report $-0.67 for 1Q.
Clearday Inc (CLRD) is expected to report for 1Q.
Daktronics (DAKT) is expected to report $0.14 for 4Q.
Goodfellow (GDL.T) is expected to report for 2Q.
Ideanomics Inc (IDEX) is expected to report for 1Q.
IronNet Inc (IRNT) is expected to report for 1Q.
LiveWire Group Inc (LVWR) is expected to report for 2Q.
Nurix Therapeutics Inc (NRIX) is expected to report for 2Q.
Sanara MedTech Inc (SMTI) is expected to report for 2Q.
Silvercorp Metals (SVM,SVM.T) is expected to report $0.08 for 1Q.
Trilogy Metals Inc (TMQ,TMQ.T) is expected to report for 2Q.
Tupperware Brands Corp (TUP) is expected to report $0.92 for 1Q.
Powered by Kantar Media and Dow Jones.
ANALYST RATINGS ACTIONS
ACM Research Raised to Buy From Underperform by Jefferies
Black Diamond Theraptcs Raised to Buy From Hold by Stifel
Bright Health Group Raised to Buy From Hold by Nephron Research
Camping World Holdings Raised to Buy From Neutral by DA Davidson
Carnival Raised to Buy From Hold by Jefferies
Core Labs Cut to Sell From Neutral by Citigroup
Enphase Energy Raised to Buy From Neutral by B. Riley Securities
Eos Energy Enterprises Cut to Neutral From Buy by B. Riley Securities
Federal Realty Raised to Overweight From Neutral by Piper Sandler
Innovative Indl Props Cut to Neutral From Overweight by Piper Sandler
Main Street Capital Raised to Outperform From Market Perform by Hovde Group
Nvidia Raised to Outperform From Neutral by Daiwa Capital
Sigilon Therapeutics Cut to Neutral From Buy by BTIG
Sonder Holdings Cut to Market Perform From Market Outperform by JMP Securities
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
07-05-23 0606ET
