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Here are five things you must know for Tuesday, Sept. 13:
1. -- U.S. stock futures were slumping Tuesday and European and Asian shares traded mixed following Monday's Wall Street rebound that was led by comments from Federal Reserve Gov. Lael Brainard, who suggested the central bank should be "prudent" when raising interest rates.
Many economists took Brainard's comments as a sign the Fed wouldn't be raising rates when it meets next week.
Brainard's "remarks suggest that the Fed is more than comfortable remaining on the sidelines next week," said David Tulk, head of global macro strategy at TD Securities. "The characteristics of the 'new normal' emphasize that patience is warranted, and that the case [for] preemptive policy action is less compelling. If the Fed were considering a move next week, they would likely want to get the market closer to being onside and one would expect a less dovish assessment of the outlook."
The economic calendar in the U.S. Tuesday includes the Treasury Budget for August at 2 p.m. EDT.
2. -- Oil prices in the U.S. were declining 2.6% early Tuesday after the International Energy Agency said global demand growth was slowing by more than previously thought and said it expects the slowdown to continue in 2017.
The IEA said in its oil market report for September that it anticipates global demand growth to rise by 1.3 million barrels a day in 2016, 100,000 barrels below the previous forecast.
The IEA also said it expects a further slowdown next year, down to 1.2 million barrels a day -- a reduction of 200,000 barrels -- "as underlying macroeconomic conditions remain uncertain."
"Recent pillars of demand growth -- China and India -- are wobbling," the IEA said in its report. "After more than a year with oil hovering around $50 a barrel, the [economic] stimulus from cheaper fuel is fading."
3. -- Japanese chipmaker Renesas Electronics (RNECY) said it would acquire Intersil (ISIL) in a bid to boost its products offerings in the areas of automotive, industrial and the Internet of Things, and expand its geographical footprint.
Tokyo-based Renesas will acquire all of U.S. rival Intersil's outstanding shares for about $3.2 billion, or $22.50 a share in cash, which represents a 43.9% premium over Intersil's closing share price on Aug. 19, just before the company announced it was considering the acquisition.
The announcement was made before the markets opened on Tuesday in Japan. Renesas shares advanced 2.2% while Intersil shares were rising 7.8% in premarket trading to $21.30.
Milpitas, Calif.-based Intersil's strength lies in power management chips and analog chips used for industrial, infrastructure, automotive, and aerospace purposes.
The Bolt goes on sale later this year for about $37,500 before a $7,500 federal electric vehicle tax credit. It's the first mass-market electric vehicle to cross the 200-mile (322-kilometer) range, the Associated Press reported.
GM said the Bolt's range was determined in testing by the U.S. Environmental Protection Agency. It takes 9.3 hours to recharge a Bolt from near empty on a 240-Volt home charger, the company said.
Tesla's lowest-cost Model S is $66,000 before the credit. Late next year, Tesla plans to start selling the more affordable Model 3. At $35,000 before the credit, it will cost less than the Bolt and is expected to go 215 miles per charge.
The board established a committee that includes Oprah Winfrey to search for a permanent CEO.
Winfrey bought a 10% stake in Weight Watchers for $43.2 million and joined the company's board. When Winfrey's involvement was announced last October, shares of Weight Watchers more than doubled. But the stock has retreated and is down almost 55% in 2016.