To no one’s surprise, the Fed followed through with its months of promises and raised its benchmark interest rate by 25 basis points yesterday. The FOMC also indicated that it’s planning to raise rates again in December – NYTimes and WSJ and Bloomberg and MarketWatch

A look at the perhaps-surprising sticking point in the ongoing Nafta negotiations: milk.  AKA, Canada’s “longstanding policy of managing its dairy supply with production quotas and high levies on imports” – NYTimes

Uber will resolve allegations that it “intentionally concealed a 2016 data breach” through a nationwide settlement with states’ AGs that will see the ride-hailing company pay a $148 million penalty – WSJ and Law360

Even as the USDA has started distributing money to farmers affected by US trade conflicts, “[m]any farmers say that the payments won’t make up for lost sales to China and other foreign markets they were counting on” to buy their crops – WSJ

Farmers aren’t the only ones complaining – Bloomberg

Following the weekend’s big SkyTV auction that swung Comcast’s way, 21st Century Fox has agreed to sell its 39% stake in Sky to Comcast as part of a $15 billion deal that officially ends “Rupert Murdoch’s yearslong ambition to take full ownership of the satellite service he helped found three decades ago” – NYTimes and WSJ and Law360

A recent investment of $285 million from Canada’s government pension plan into “the riskiest securities of collateralized loan obligations, or CLOs” is part of a broader move by institutional investors to boost returns by increasing their risk—even if it means dipping big toes in a CLO equity market generally favored by hedge funds or PE firms – WSJ

And while we’re thinking risk, worth noting that former Fed Chair Yellen and others have serious concerns about regulators’ ability to maintain safe standards within the leveraged loan and junk bond market—especially as so much of that aggressive financing is being done outside of the traditional banking sector – Bloomberg

More on the real-world blockchain application front, this time in big pharma. Bloomberg explores how 2013’s Drug Supply Chain Security Act—a heretofore “little-noticed U.S. law”—could bring the ledger system squarely into the mix in the pharmaceutical business – Bloomberg

A Massachusetts federal judge has chalked up another win for the CFTC in the ongoing inter-agency battle to regulate cryptocurrencies, ruling that cryptos “categorically meet the definition of a ‘commodity’” and thus fall under the CFTC’s purview – Law360

CEO Marcie Frost of Calpers, the largest pension fund in the country, is facing a host of questions about the recent departure of a slew of top officials as well as her own lack of a college degree – WSJ

The White House announced that it’s scheduled bilateral trade talks with Japan, with a particular focus on auto exports – Bloomberg and Law360

With its sights set on an IPO, one of the most “powerful, controversial and secretive” cryptocurrency companies “just opened its books for the first time,” releasing its first public disclosure statements in a Hong Kong regulatory filing yesterday – Bloomberg

Hard to imagine anything less current than the brutalist style that dominated the post-WWII architectural landscape, yet a very en vogue technology—Instagram—is going a long way toward helping in the style’s surprising comeback – Bloomberg