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Traders Rush to Join Fed Rate-Cut Bet Touted by Morgan Stanley

(Bloomberg) -- Wagers in the fed funds futures market on Federal Reserve interest-rate cuts in both December and January have ballooned in size, aided by Morgan Stanley’s endorsement.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectCloud Computing Tax Threatens Chicago’s Silicon Valley AmbitionsNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long

Dow Partners With Macquarie In Gulf Coast Infrastructure Play, Retains Strategic Control

Dow Inc. (NYSE:DOW) shares are trading higher on Monday. The company entered into a definitive agreement to sell a 40% equity stake in select U.S. Gulf Coast infrastructure assets to a fund managed by Macquarie Asset Management. Dow anticipates initial cash proceeds of approximately $2.4 billion from the sale of its 40% equity stake, with potential proceeds reaching up to $3.0 billion if Macquarie Asset Management exercises its option to increase its stake to 49% within six months of closing. Th