Last Friday, the White House asked the SEC to “consider eliminating requirements that publicly traded companies post quarterly earnings reports.” Such disclosures, however, are required by federal securities law, so they’re not likely to end any time soon – NYTimes and Bloomberg and Law360
We’d call reaction to the proposal “mixed,” at best – WSJ
The Times looks at the effect that endocrinologist Dr. Michael Holick’s vitamin D proselytizing has had on vitamin D deficiency tests and related supplements industry—which saw nearly 1 billion in sales in 2017 – NYTimes
Tesla’s short-sellers had a field day on Friday after Elon’s already infamous Times interview hit the presses. Like a billion dollar field day – NYTimes
PepsiCo. is buying “fizzy-drinks dispenser” SodaStream Int’l for $3.2 billion. The deal—one of the last acts of outgoing CEO Indra Nooyi—is all about Pepsi pivoting toward more health-conscious consumers – Bloomberg and WSJ
Some Law360 analysis of the California Supreme Court’s August 13 CashCall Inc. ruling (finding that an interest rate on a consumer loan of more than a particular dollar amount could be declared “unconscionable”) could prove to be very messy for “nonbank lenders operating under California law” – Law360
Recent low-level US/China discussions have apparently paid some dividends, with negotiators from the two nations “mapping out talks to try to end their trade standoff” ahead of a Sino-American summit in November – WSJ
Thanks to the Senior Safe Act, banks may now disclose more account information to authorities in an effort to stem a growing epidemic of bank fraud targeting aging customers without risk of “being sued by clients, or fined or penalized by regulators” – NYTimes
Nothing like near-constant handwringing about millennials when Gen Zers are on pace to outnumber them within the year – Bloomberg
Deutsche Bank has confirmed that it’s looking to buy commodities trader Noble Group, just “days before a crucial shareholder vote on a $3.5 billion restructuring” plan – WSJ
Because sometimes even a famous architect’s perfectly executed Modernist vision needs some sprucing up . . . – NYTimes