China and Russia Hold Joint Military Exercises in the Japan Sea

Microsoft's announcement seeks to address regulators' concerns that the nearly $69 billion Activision deal would make more games exclusive to Microsoft's Xbox. This latest move with Sony comes after an appeals court Friday denied the US Federal Trade Commission's latest effort to delay the deal. S&P 500 firms expected to post a 9% drop-in profits in the second quarter, all during a time when markets were racing to the upside.