Updated from 6:53 a.m. EST
NEW YORK (TheStreet) -- Here are 10 things you should know for Monday, Dec. 8:
1. -- U.S. stock futures pointed lower on Monday after export growth in China slumped in November, and Japan's economy contracted more than initially estimated in the third quarter.
European stocks fell. Asian shares ended Monday's session mostly higher with stocks in Shanghai jumping as investors believed the weak data would lead to more economic stimulus.
2. -- The economic calendar in the U.S. on Monday is bare.
3. -- U.S. stocks on Friday rose as better-than-expected jobs data cushioned the broader market against the blows of sliding oil. Fears lingered, however, that a robust economic recovery could push the Federal Reserve to raise rates sooner.
The S&P 500 gained 0.17% and the Nasdaq added 0.24%. The Dow Jones Industrial Average rose to fresh intraday records and flirted with the 18,000-level before settling 0.33% higher at 17,958.79.
Including debt, Merck is buying Cubist for about $9.5 billion.
Cubist shares closed Friday at $74.36 but were rising above $91 in premarket trading on Monday.
5. -- Patients with very advanced Hodgkin lymphoma unresponsive to any currently approved medicines were able to achieve complete remissions of their disease following treatment with Merck's Keytruda and Bristol-Myers Squibb's (BMY) Opdivo, according to results from separate, early-stage studies that were presented for the first time at the American Society of Hematology annual meeting in San Francisco.
The studies demonstrate that so-called checkpoint inhibitors can prime a patient's own immune system to identify and kill certain types of blood cancer cells just like they do with solid tumors such as melanoma and lung cancer, TheStreet's Adam Feuerstein reported.
6. -- A Dutch court ruled in a preliminary judgment that ride-sharing service Uber must stop working with drivers who charge fares but do not possess a taxi license, The Associated Press reported on Monday.
The Commercial Appeals Court in The Hague sided with the Ministry of Transportation that Uber's "UberPop" service violates current taxi laws, which are under review.
Meanwhile, New Delhi banned Uber after a woman was allegedly raped by one of its drivers.
Uber CEO Travis Kalanick said the company would do "everything to bring the perpetrator to justice and to support the victim and her family in her recovery."
7. -- CBS (CBS) and Dish (DISH) reached an agreement that ends a contract dispute that led to a short programming blackout in local markets around the country, the companies announced over the weekend.
CBS had blocked Dish from carrying the local channels of CBS-owned TV stations for about 12 hours starting around 7 p.m. EST on Friday. The 18 markets affected included New York, Chicago, Los Angeles, Dallas, Boston and Miami.
The companies said they reached a multiyear deal that will allow Dish to carry CBS-owned TV stations nationwide as well as various cable channels, including the CBS Sports Network, the Smithsonian Channel and Showtime.
8. -- Wall Street expects H&R Block (HRB) to post on Monday a fiscal second-quarter loss of 42 cents a share.
9. -- North Korea denied responsibility for a cyber attack last week on Sony Pictures but acknowledged that it "might be a righteous deed of the supporters and sympathizers" of the country.
North Korea has called "The Interview," a comedy starring Seth Rogen and James Franco that depicts a plot to assassinate North Korean leader Kim Jong Un, an act of war.
10. -- Diamond Foods (DMND) is forecast to report fiscal first-quarter earnings of 25 cents a share on revenue of $253.5 million.
-- Written by Joseph Woelfel
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