Scott Neuman

After weeks of talks and months of political wrangling, German Chancellor Angela Merkel has finally emerged with a deal to form a new governing coalition following inconclusive parliamentary polls in September that left her ruling center-right Christian Democratic Union and its partners in limbo.

The deal Wednesday morning between the CDU and coalition partners, the Christian Social Union (CSU) and the Social Democrats (SPD) ensures that Merkel, who has already served for more than 12 years, will get another term in office.

President Trump has weighed in on the death of Indianapolis Colts linebacker Edwin Jackson, who was killed over the weekend in a suspected drunken-driving accident involving a Guatemalan citizen living in the U.S. illegally.

Steve Wynn, whose casinos have reshaped skylines as far apart as Las Vegas and Macau, has stepped down as head of Wynn Resorts following accusations of sexual misconduct, that became known last month.

In a statement released by the Las Vegas-based company late Tuesday, Wynn pushed back on the accusations against him, which he alleges are part of a campaign led by his ex-wife.

Updated at 4:30 a.m. ET

Asian and European markets tumbled Tuesday after dizzying losses on Wall Street that saw the Dow Jones industrial average shed 4.6 percent, its biggest loss in six and a half years.

In Europe, where the trading day was in full swing, the London's FTSE 100, Germany's DAX 30 and France's CAC 40 were all trending down.

In Asia, where the exchanges had all closed:

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