May 12 (Saturday)

Markets
New Sign of Stress in Emerging Markets: Local Currency Bonds Lose Luster as Dollar Rallies (W)
JPMorgan Sees Small-Cap Stocks’ Time on Top Coming to an End (B)
Bond Market Indicates Doubt About Trump’s Economic Targets (N)

Central banks
Fed Study Shows U.S. Hikes Hit High-CPI Emerging Markets Hardest (B)

US
U.S. Consumer Sentiment Held Steady in Early May (W)

China
With Jail Sentences and Corporate Flameouts, China Is Tackling Its Debt (N)
China buys up flying schools as pilot demand rises (FT)

US politics
AT&T Calls Hiring Cohen ‘Big Mistake,’ Axes Policy Official (W)
Health Law Is Back as Campaign Issue—This Time for Democrats (W)

Geopolitics
As Nafta Deadline Nears, Hopes for Deal Focus on Autos (W)

Industries & companies
FANGs: Congress, Privacy Groups Question Amazon’s Echo Dot for Kids (Wired)
Pharma: Trump Unveils Plan to Cut Drug Prices (W)

Corporate finance
AXA Equitable Flops in Largest IPO of the Year (W)
Promises Mean Little for Consumers in T-Mobile-Sprint Deal (Wired)
Why Tech Company IPOs Can Be So Overvalued (W)

Technology
Boston Dynamics’ Robot Dog Available Next Year (Wired)

Offbeat
Americans are taking more vacation time—why that’s a good sign for the economy (MW)
Opinion: A science lesson for Elon Musk: It pays to work less (MW)
Maryland’s Crab Country: Not Enough Visas, Not Enough Workers (W)