We had a pretty good inkling this was coming. Yahoo and Verizon are reportedly nearing a new deal, with Y! knocking something close to $300 million off of the sale price to ensure that Verizon will still go through with the purchase in spite of the major data breaches that Yahoo revealed awfully late in the game – NYTimes and WSJ and Bloomberg

Snap has officially set its IPO valuation at $19.5 billion to $22.2 billion by planning to offer shares at roughly $14 to $16 a pop – WSJ and Bloomberg

More info on the SoftBank/Fortress deal – WSJ

Day two on the Hill for Fed Chair Yellen was a rockier go-around, with House Republicans repeatedly pressing Yellen to admit that US economic growth was disappointing and that regulations and the Fed should bear much of the blame for it – NYTimes and WSJ

The CFPB’s floating an idea to use “alternative data” for credit scoring purposes in order to help open up mortgages and credit for millions of Americans – Law360

US politics? Chaos. US economy? Humming along quite nicely, thank you [still, you’ve been warned] – WSJ and NYTimes

How strong is Ali Barthwell’s episode-recap game for Vulture?  Almost [almost] good enough to make me care about and watch The Bachelor.  Yes, The Bachelor. Enjoy – Vulture