We now have a price tag on the WTO-authorized sanctions that the U.S. can impose on European goods as a result of the EU’s illegal subsidies of planemaker Airbus: $7.5 billion—the “largest authorized retaliation in the WTO’s history” – NYTimes and WSJ and Bloomberg and MarketWatch and Law360
While we’re looking to the skies, upsetting new reporting shows that a senior Boeing engineer filed an “internal ethics complaint this year saying that the during the development of the 737 Max jet the company had rejected a safety system to minimize costs.” That complaint came after the two 737 Max crashes that led to the grounding of Boeing’s entire 737 Max fleet earlier this year – NYTimes
Yes, the markets dove big-time yesterday, but zooming out since January 2018 shows that while they have swung all over the map, equities are basically net unchanged over that period – Bloomberg
Bloomberg considers what that, worrisome jobs report expectations, and some nasty recent manufacturing data could mean for Chair Powell and the rest of the Fed’s October meeting – Bloomberg
Alison Cooper, Imperial Brands PLC’s CEO and the longest-serving top exec in Big Tobacco, is “unexpectedly” out in the face of “mounting regulatory headwinds buffeting the industry” – WSJ
Former Citigroup trader Rohan Ramchandi, who was acquitted a year ago of allegedly manipulating Forex markets, has sued his former employer for $112 million for malicious prosecution, “accusing the bank of lying to the U.S. Department of Justice to save itself during an antitrust investigation” – Law360
Recent fiscal nationalism aside, it’s undeniably a global economy these days. Which is why the habits of Chinese consumers—and their $4.9 trillion in spending power—matter as much to us here in the States as they do to China itself – NYTimes
As goes Schwab, so goes E*Trade. At least, that’s the lesson we learned this week when it comes to eliminating trading commissions for e-brokers – WSJ and Bloomberg and MarketWatch
We’ve been all over WeWork’s dizzying month of IPO planning, CEO replacing, and IPO withdrawing. So how’s the rest of the co-working-space industry faring? WeWork’s biggest competitor—International Workplace Group, is doing just fine, thank you, and it’s also happily enjoyed staying largely out of the spotlight – NYTimes
Even as most automakers struggled as Q3 came to a close, Tesla posted some of its best delivery numbers yet—some 97,000, which bested its previous record of 95,200 for Q2. Those figures still fell short of its 99,000 target, though, and Musk & Co. need to hit nearly 105,000 delivers to hit the company’s low-end full-year projection for 2019 – WSJ and Bloomberg and MarketWatch
Flutter Entertainment—parent company of sports betting site FanDuel—has acquired PokerStars owner Stars Group Inc. in a $6 billion deal that will create “an online gambling giant as internet and app-based betting is taking hold in the U.S.” – WSJ
Yesterday, health care supplement provider AdvoCare International agreed to pay $150 million to the FTC to resolve allegations that “it operated an illegal pyramid scheme that deceived customers into thinking they could earn significant income as distributors of its products.” The company will also be banned from the multilevel marketing business as part of the agreement. AdvoCare rose to prominence over its 25-year history thanks, in part, to its close ties with a series of pro athletes and major sports leagues – NYTimes and Law360
As my Twins get ready to take on the Yankees tomorrow night for their best of 5 series, it seemed like the right time to reflect on the power of workplace culture—especially when it goes right – StarTribune
