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NEW YORK (AP) — Stocks are opening slightly lower on Wall Street today, led by declines in energy stocks as the price of crude oil turned lower. Mining and materials stocks also fell as the prices of copper and other metals decline. Utilities and health care stocks were the only sectors to rise. At 10:13 a.m. Eastern Time, the Dow was down 60 points at 18,493. The S&P 500 was down 5 points at 2,178. And the Nasdaq was down 6 points at 5,232. Bond prices rose. The yield on the 10-year Treasury note fell to 1.55 percent.
VENTOTENE, Italy (AP) — The leaders of Italy, France and Germany are gathering in Italy today to chart the path forward following Britain's decision to leave the EU. Economic growth, improved security and new job options for European young people are among the topics they're discussing.
BERLIN (AP) — A legal dispute between Volkswagen and two suppliers has forced the carmaker to suspend production of some models, affecting nearly 28,000 workers and drawing calls from the German government for a quick solution. Volkswagen said last week that it would have to suspend production of the Golf and Passat at two plants in Germany for around a week because the suppliers weren't delivering parts.
NEW YORK (AP) — People are spending more to travel around the world, despite weakening economies and fears of terrorism. The World Travel and Tourism Council says in a report that global travel spending for 2016 is expected to grow by 3.1 percent. That's down from a March forecast of 3.3 percent, but still outpaces global economic growth. David Scowsill, the group's president, says tourists worried about safety in France have chosen Spain or Italy instead.
NEW YORK (AP) — Pfizer is buying the cancer drug company Medivation in a deal valued at about $14 billion. Pfizer Inc. will pay $81.50 per Medivation share. That's a 21 percent premium to the San Francisco biotech's Friday closing price of $67.19. Medivation Inc.'s stock soared more than 19 percent before the opening bell today. The boards of both companies have approved the deal, which is targeted to close in the third of fourth quarter.
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