It’s a bit more overtly political than business-oriented, but given China’s economic might, we felt it worth noting that China’s Communist Party has cleared the way for President Xi Jinping to “stay in power indefinitely” by revealing plans to abolish presidential term limits – NYTimes and Bloomberg and WSJ

The Sunday Magazine had a long-read on the apparent anti-competitive exemption to Google’s [former] “don’t be evil” mantra – NYTimes

The Journal looks at the rise of margin loans—the borrowing investors do to bet on stocks—and the trouble they hold when a bull market turns suddenly bearish and the borrowers are forced to sell shares to raise cash quickly – WSJ

Managed to catch up on some reading this weekend? Good for you. So did Berkshire Hathaway shareholders, who were graced with Mr. Buffett’s annual letter on Saturday.  Some highlights – NYTimes and Bloomberg

A few weeks ago, we tracked news out of JPM that the firm’s post-Dimon future may lie in the hands of current No. 2s  Gordon Smith and Daniel Pinto. But leaving current CFO Marianne Lake out of the equation, it appears, wouldn’t be prudent – WSJ

News out of the UK this morning suggests that Carillion’s former finance director sold company shares worth over $1 million just months before the company cratered – Bloomberg

Dropbox—and its $10 billion private valuation—has officially filed for an IPO through which it hopes to raise up to $500 million – NYTimes and WSJ and Bloomberg

The Supreme Court has agreed to take up the battle over the constitutionality of the SEC’s in-house courts in Lucia v. SEC—a high-stakes case made all the more intriguing by the change in position by the solicitor general’s office (and the SEC) in the past year that now agrees with litigants like Lucia that the ALJs are “inferior officers” and has requested that the High Court appoint counsel to defend the constitutionality of the SEC’s in-house judges – Law360

Some thoughts on the puzzling continued slide of the US dollar, especially in an environment of rising interest rates and bond yields approaching 3%–both factors that usually help improve the dollar’s performance vis-à-vis the US’s main trading partners – WSJ

Charles Schwab Corp.’s Libor claims, formerly nixed in a Judge Buchwald 2015 decision, have new life thanks to the 2d Circuit – Law360

With the Olympics over [sigh], we naturally turn our attention to space. New measurements taken with the aid of the Hubble space telescope have highlighted the discrepancy in the rate of the universe’s expansion and, in the process, have created a need for “new physics” – Nasa