Facing a prospective tab of more than $1 billion to finance a general-election run for the White House, Donald Trump has reversed course, saying he would actively raise money to compete with Hillary Clinton's fundraising juggernaut. (WSJ-subscription)

The Rolling Stones are asking Trump to stop playing their songs at his campaign events. The rock band said they have not given permission to the Trump campaign to use their songs and "have requested that they cease all use immediately." (AP)

With Trump close to clinching the GOP presidential nomination, China is urging Americans to be "rational and objective" in viewing the relationship between the two countries. Trump has been critical of China in the campaign, proposing stiff tariffs. (CNBC)

Bond guru Jeff Gundlach is predicting Trump — the presumptive GOP nominee now that John Kasich and Ted Cruz bowed out — will win the White House. Trump will have a very large deficit while in Office, the DoubleLine CEO said from the Sohn Investment Conference. (CNBC)

Legendary billionaire investor Stanley Druckenmiller told Sohn attendees to get out of the stock market and buy gold. He cites as reasons the Fed's easy money policies and the slowing Chinese economy. "[Gold] remains our largest currency allocation," he added. (CNBC)

Hedge fund billionaire David Einhorn, head of Greenlight Capital, said at Sohn he's short Caterpillar (CAT) and long General Motors (GM), as the former faces a decline in some of its core businesses and the latter tightens its belt and faces a stronger future. (CNBC)

Chamath Palihapitiya, founder and CEO of Social Capital, said at Sohn Amazon (AMZN) will be worth $3 trillion in 10 years, and its retail business unit won't be the biggest factor in driving the shares to that eye-popping value. (CNBC )

Palihapitiya, a former Facebook (FB) executive, joins CNBC's "Squawk Box" for one hour, starting at 8 a.m. ET, to talk about a range of tech trends from Apple (AAPL) to Twitter (TWTR) to what else he's investing in now.

Apple plans to take its latest trademark dispute over the iPhone name in China to the mainland's highest court. Apple recently lost its appeal in a lower court, which ruled in favor of Xintong Tiandi Technology (Beijing). (South China Morning Post)

Tesla (TSLA) reported a slightly narrower loss than expected, while revenue matched forecasts. Tesla also accelerated production targets, now aiming to deliver 500,000 vehicles annually by 2018. The stock was 4 percent higher in premarket trading. (CNBC)

Yahoo (YHOO) lost a 15-year partnership with AT&T (T), which awarded its Web and mobile portal hosting contract to Synacor (SYNC), a small market cap stock that's soaring nearly 150 percent in premarket trading. (Seeking Alpha)

Tribune Publishing (TPUB) said its board unanimously rejected Gannett's (GCI) unsolicited $815 million takeover offer, and will proceed instead with a strategic plan to revive its print business and tap growth in digital content. (Reuters)

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