Wall Street Today: Oil, Gas stock ETFs are attracting most money in a decade

Pentagon officials on Tuesday terminated and said they would start fresh with a new project, capping a yearslong initiative that from $Amazon (AMZN.US)$ and a barrage of objections from Congress.

In terminating the contract with $Microsoft (MSFT.US)$, Department of Defense officials focused largely on technical reasons, saying advances in cloud computing and the Pentagon's own evolving needs had made the Joint Enterprise Defense Infrastructure scheme obsolete.

Between April and June, $Toyota Motor (TM.US)$ sold 688,813 vehicles in the U.S., giving it a razor-thin 577-unit margin of victory over $General Motors (GM.US)$ , according to figures from the two companies. It was the first time a Japanese car maker took the top position in the U.S., according to car-shopping website Edmunds.com, and came as the politically sensitive U.S. trade deficit is widening.

$Nintendo (ADR) (NTDOY.US)$ on Tuesday announced a new version of its popular Switch game console.The new model has a larger and more colorful screen and will be available on Oct. 8 for $349.99. That price is a premium over the $299.99 for the standard Switch and $199.99 for the Switch Lite.

The $BioNTech (BNTX.US)$ / $Pfizer (PFE.US)$ vaccine is less effective at halting the spread of the Delta variant than previous strains of coronavirus, according to a preliminary study by Israel's health ministry. Data collected over the past month suggest the vaccine is 64 per cent effective at preventing infection among those who are fully inoculated, the ministry has found. Efficacy against previous strains of the virus was estimated at 94 per cent.

South Korean regulators are stepping up scrutiny of big initial public offerings as rich valuations prompt concerns over bubbles in the Asian market. Krafton, the company behind global hit game PlayerUnknown's Battlegrounds, last week lowered its IPO price more than 10 per cent and cut the deal size by almost a quarter under pressure from financial regulators. Krafton, which is backed by Chinese internet group $TENCENT (00700.HK)$ , had sought to raise $5bn in what was expected to be Korea's largest-ever listing.

Source: Bloomberg, WSJ, CNBC, Financial Times $S&P 500 Index (.SPX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Nasdaq Composite Index (.IXIC.US)$