Kraft Heinz dropped a double-whammy on investors on Thursday, announcing a $15 billion charge against its Kraft and Oscar Mayer brands and revealing news of an SEC subpoena related to the company’s accounting practices – NYTimes and WSJ and Bloomberg and MarketWatch and Law360

Ford has reportedly hired a law firm to investigate whether it has an emissions testing scandal of its own. Stay tuned – WSJ and Bloomberg

A dispatch from ongoing US trade talks with China, where an emerging sticking point for the US is securing “firm commitments” from China on a range of issues, from buying more American products to ending forced technology sharing – NYTimes and WSJ and Bloomberg

The DOJ and SEC have subpoenaed Johnson & Johnson over potential asbestos contamination concerns in J&J’s baby powder and other talc-based products. J&J is currently facing “around 13,000 lawsuits in which its body powders are blamed for causing ovarian cancer or mesothelioma” – NYTimes

The very-busy SEC has also announced that its joining the global regulatory interest in Danske Bank over the “massive money-laundering scandal at its Estonian branch.”  The bank is also in discussions with the DOJ over potential US criminal charges – WSJ

Standard Chartered PLC has set aside $900 million to “cover potential fines from regulatory investigations in Britain and the U.S. over allegations that it breached sanctions, violated financial crime controls and claims that trades were manipulated” – Law360

Google, bowing to pressure from its employees who staged a massive walkout in November, has agreed to stop its forced arbitration policy employees—and not just in cases of sexual harassment or assault – NYTimes

The CFPB and Florida state regulators are asking a federal court in West Palm Beach to “consolidate their lawsuits accusing Ocwen Financial Corp of widespread mortgage servicing failures,” telling the court that there are sufficient similarities between the two actions to make coordinated discovery attractive and economical – Law360

Pinterest has officially (and confidentially) filed paperwork with the SEC for an IPO and is seeking an valuation of more than $12 billion – WSJ and Bloomberg

Add Canada to the list of US allies welcoming Huawei and its 5G technology over the vociferous objections of the White House – NYTimes

Jordan Peele’s in the Zone. Oh man, is he ever – TheVerge

Have a good weekend.