A downbeat survey on US factory activity has brought trade worries back to the forefront on Wall Street. on.ft.com/2P96dJL

The Mets are in sale talks with Steve Cohen: on.ft.com/2RlYivk James Fontanella-Khan

GM and LG Chem have formed a joint venture to produce EV batteries in Ohio. on.ft.com/2PfZopx

FedEx says global economic weakness and higher costs in ground shipping continue to hit earnings. on.ft.com/2YZPcpV

Tesla's rally continues with shares crossing the $500 mark for the first time. on.ft.com/3a4dAM0 $TSLA

BREAKING: Per sources, MLB’s penalties for #Astros include: *One-year suspensions for GM Jeff Luhnow and manager AJ Hinch. *Losses of 1st and 2nd round draft picks in both 2020 and ‘21. *A fine of $5M. Full story and more context with Evan Drellich: theathletic.com/1529253/2020/0…

BREAKING: Houston Astros fire manager AJ Hinch, general manager Jeff Luhnow after MLB suspensions for sign stealing. apne.ws/NJ8IcGv

Tesla’s stock price has soared faster than a P100D around the Nurburgring. How has analyst opinion changed? on.ft.com/3aYhBlC

Regular production for the 2020 #Corvette #Stingray coupe began today at GM’s Bowling Green Assembly in Kentucky.

Ford shakes up management after bruising 2019 on.ft.com/3bmW5XR

Statement from Jeff Wilpon on the Cohen sale falling through:

The CEO of MGM Resorts is stepping down after more than a decade leading the casino operator. on.ft.com/2uFtrAR

More on MGM, which scrapped its 2020 guidance as casinos in Macau remain closed. on.ft.com/38oHbhU

Statement from Daytona International Speedway President Chip Wile regarding the visit of the President of the United States to the DAYTONA 500.

S&P downgraded Macy's debt to junk status on.ft.com/2ualkfr

From yesterday: Virgin Galactic, whose shares have nearly tripled since the start of the year, held its first earnings call. on.ft.com/3a8wcd6

New-home sales jumped to their quickest pace in more than 12 years last month. on.ft.com/391JtnJ

Wall Street's "fear gauge" is staring down its second-biggest weekly rise on record. More on the Vix: on.ft.com/2w8TIrE

The New York auto show, which traditionally starts the week before Easter, has been moved to the end of August on concerns over public health. That and more here: on.ft.com/33eLdb6

Statement from Major League Baseball: