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Tuesday, May 27, 2014

CNBC's SQuawk Box - Tuesday, May 27, 2014

Apple (AAPL) plans to release next week a new software platform that would turn the iPhone into a remote control for lights, security systems, and other household appliances. (FT)
U.S. pharmaceutical giant Pfizer (PFE) has decided abandon its takeover attempts of AstraZeneca (AZN), after its U.K. rival rejected a revised $116 billion offer last week. (CNBC)
Siemens of Germany is said to be readying a formal offer for the power assets of France’s Alstom, which are also being sought by General Electric (GE) of the U.S. (Reuters)
The difficult future for Ukraine was laid bare today, after a relatively smooth weekend presidential election, with Russian stocks tumbling as fierce fighting in the east escalated. (CNBC)
John Herbst, former U.S. ambassador to Ukraine, joins CNBC's "Squawk Box" at 7:15 a.m. ET to look at how the new president there plans to restore law and order.
China said Vietnam is taking "dangerous actions" at sea, after the two countries traded accusations over the sinking of a Vietnamese fishing boat in disputed waters near a Chinese oil rig. (Reuters)
Newly released satellite data from the missing Malaysia Airlines flight has provided further evidence that the plane crashed into the Indian Ocean after running out of fuel. (NY Times)
The Obama administration plans to unveil next week a climate-change proposal that would allow states to use a variety of measures to meet goals for reducing carbon emissions by existing power plants. (WSJ)
“X-Men: Days of Future Past” (backed by Twenty-First Century Fox) has become the eighth straight No. 1 at the box office for Marvel Studios, with $111 million in ticket sales over the holiday weekend. (USA Today)

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