With 62% of the state's precincts partially reporting, 65.9% of California voters chose to keep the Democrat in office, and 34.1% opted to remove him.

Read More ->

Justice Department Asks Federal Judge to Quickly Block Texas Abortion Law

WASHINGTON-The Justice Department asked a federal judge to block a restrictive Texas abortion law temporarily while its lawsuit challenging the state's near-ban on the procedure moves forward.

"This relief is necessary to protect the constitutional rights of women in Texas and the sovereign interest of the United States in ensuring that its states respect the terms of the national compact," the department said in an emergency motion late Tuesday that seeks a temporary restraining order or preliminary injunction against the Texas law.

Read More ->

Senators Seek Answers From Facebook After WSJ Report on Instagram's Impact on Young Users

Sens. Richard Blumenthal and Marsha Blackburn said they would launch a probe into Facebook Inc.'s internal research on the way its Instagram photo- and video-sharing service affects young users, prompted by a Wall Street Journal investigation that showed the company knew the app was harmful to some in that group.

The Democratic chairman and ranking Republican on the Consumer Protection, Product Safety, and Data Security Subcommittee on Tuesday also said that they were in touch with someone they identified as "a Facebook whistleblower" and "will use every resource at our disposal to investigate what Facebook knew and when they knew it-including seeking further documents and pursuing witness testimony." In the statement, the senators said, "The Wall Street Journal's blockbuster reporting may only be the tip of the iceberg."

Read More ->

Healthcare Workers, Hospitals Spar Over Covid-19 Vaccine Mandates

A federal judge weakened New York state's mandate for medical workers to be vaccinated against Covid-19, a win for nurses and other staff who have lost their jobs elsewhere in the country over their refusal to get the shots.

U.S. District Judge David Hurd on Tuesday issued an order to temporarily prevent New York's health department from rejecting employer-approved religious exemptions to a vaccine mandate that takes effect Sept. 27.

Read More ->

Write to sarka.halas@wsj.com

TODAY IN CANADA

Earnings:

Nothing major scheduled

Economic Indicators (ET):

0830 Jul New motor vehicle sales

0830 Aug CPI

Stocks to Watch:

No items published

Other News:

Uranium Heats Up, and Hedge Funds Score

Uranium prices are rising, enriching a handful of hedge funds that have been betting a market laid low by a nuclear disaster a decade ago would rebound.

The price of uranium hit an eight-year high of $44 a pound this week, according to the price tracker UxC LLC. The surge follows the recent launch of an exchange-traded trust by Sprott Asset Management LP, which has bought large stockpiles of uranium after raising money from shareholders and emerged as a favored trading vehicle in its own right, traders said.

The turnaround in the nuclear fuel, whose price declined sharply after the 2011 nuclear meltdowns at Fukushima, Japan, has bolstered shares of miners including Cameco Corp. and Denison Mines Corp. of Canada, and Texas-based Uranium Energy Corp.

That boost has benefited hedge funds including Segra Capital Management and Sachem Cove Partners, which have been betting that uranium would bounce back.

Traders say the surge in uranium, an element that when enriched is manufactured into rods that fuel nuclear power plants, in some respects echoes the 2021 rise in shares of GameStop Corp. and AMC Entertainment Holdings Inc. Hedge funds and family offices are among those to have invested in the newly listed trust.

Traders say interest from individual investors is also helping to drive prices in a market that largely comprises private agreements between buyers and sellers, rather than the open price discovery of larger markets such as oil and gold.

"It's become a momentum trade that's kind of self-fulfilling," said Kevin Smith, managing director for energy-metals trading at Traxys Group, one of the biggest uranium traders globally.

Amazon Union Drive Heads North to Canada

Organized labor's efforts to unionize workers at Amazon.com Inc. warehouses have moved north to Canada following a failed drive this year at the e-commerce retailer's operations in Alabama.

The Canadian arm of the International Brotherhood of Teamsters, one of America's largest labor unions, said Tuesday it requested that labor regulators in the province of Alberta certify a union for workers at an Amazon warehouse in the town of Nisku, just south of the capital, Edmonton, and 300 miles north of the Montana border.

To be eligible for certification in Alberta, 40% of the unit's employees must sign a petition in support of unionization. Pending verification of the signatures, the Alberta Labour Relations Board will organize a secret-ballot vote among the warehouse's roughly 800 employees on whether the union drive will succeed.

A spokeswoman for the labor board said the agency received the Teamsters' application, but declined to comment on next steps. A spokesman for Teamsters said a surge of Covid-19 cases in the province could complicate the timing of a certification vote.

Market Talk:

No items published

Expected Major Events for Wednesday

04:30/JPN: Jul Tertiary Industry Index

04:30/JPN: Jul Revised Retail Sales

06:00/UK: Aug UK producer prices

06:00/UK: Aug UK monthly inflation figures

06:45/FRA: Aug CPI

08:00/ITA: Aug CPI

08:30/UK: Jul UK House Price Index

10:00/FRA: 2Q OECD Quarterly National Accounts G20 GDP growth

11:00/US: 09/10 MBA Weekly Mortgage Applications Survey

12:30/US: Aug Import & Export Price Indexes

12:30/US: Sep Empire State Manufacturing Survey

12:30/CAN: Jul New motor vehicle sales

12:30/CAN: Aug CPI

13:15/US: Aug Industrial Production & Capacity Utilization

14:30/US: 09/10 EIA Weekly Petroleum Status Report

23:50/JPN: Aug Provisional Trade Statistics for the Month

All times in GMT. Powered by Kantar Media and Dow Jones.

Expected Earnings for Wednesday

Amrep Corp (AXR) is expected to report for 1Q.

Applied Genetic Technologies Corp (AGTC) is expected to report $-0.40 for 4Q.

Basic Energy Services (BASXQ) is expected to report for 2Q.

Charles Schwab (SCHW) is expected to report.

Weber Inc (WEBR) is expected to report for 3Q.

tinyBuild Inc (TBLD.LN) is expected to report for Interim.

Powered by Kantar Media and Dow Jones.

ANALYST RATINGS ACTIONS

10x Genomics Cut to Neutral From Buy by B of A Securities

Advanced Energy Cut to Neutral From Positive by Susquehanna

Casey's General Stores Raised to Buy From Neutral by Northcoast Research

DXC Technology Raised to Buy From Neutral by B of A Securities

Jounce Therapeutics Raised to Outperform From Market Perform by Raymond James

Kadmon Holdings Cut to Neutral From Buy by Mizuho

KLA Raised to Positive From Neutral by Susquehanna

Lam Research Cut to Neutral From Positive by Susquehanna

Leslie's Raised to Buy From Hold by Berenberg

PS Business Parks Raised to Overweight From Neutral by JP Morgan

TaskUs Cut to Neutral From Buy by B of A Securities

This article is a text version of a Wall Street Journal newsletter published earlier today.

(END) Dow Jones Newswires

09-15-21 0608ET