Oil Prices on Edge After White House Puts Iran 'On Notice'

In a statement, National Security Advisor Mike Flynn warned Iran after it tested a ballistic missile in violation of a United Nations accord. If the conflict escalates, it could send the price of oil higher as supplies may be cut through sanctions. Oil prices jumped as soon as the statement was made.

Mobile advertising continues to drive growth at Facebook (FB) - Get Report . All the financial numbers were up at the social media company, sending its stock to a record high. Facebook has said it plans to ramp up spending on new engineers and data centers. It also said it would reduce its "ad load," the number of ads its shows users in their news feeds.

A huge food deal could be in the works. Reckett Bensicker confirmed it is in talks to buy baby food maker Mead Johnson (MJN) in what could be a $17 billion deal. Mead Johnson makes Enfamil baby formula as well as other products. It had net sales of $3.7 billion in 2016.