The 2d Circuit has upheld by a 2-1 margin the insider-trading conviction of former SAC Capital Advisors portfolio manager Mathew Martoma. Martoma’s counsel had challenged the propriety of the jury instructions in light of the Second Circuit’s Newman decision. The panel found the Supreme Court’s Salman analysis more apt – NYTimes and WSJ and Law360

With a raft of C-suite positions still unfilled, Uber is something of a headless $70 billion beast these days.  But that’s not stopping it from having increased bookings and narrowed losses in Q2 – NYTimes and WSJ and Bloomberg

Stock handouts could help it with disgruntled drivers, too – NYTimes

Samsung scion Jay Y. Lee’s is hanging a lot on the naiveté defense.  Like, a whole lot – NYTimes

Massachusetts’ AG has sued federal student loan servicer FedLoan for mismanaging debt forgiveness programs for public service workers, “significantly raising repayment costs for hundreds of thousands of borrowers” – NYTimes

AmEx has agreed to pay $95 million to affected consumers and admit fault to resolve a CFPB suit accusing the card company of offering worse terms to credit-card customers in Puerto Rico and other US territories between 2005 and 2015 – WSJ and Law360

Cows? [asks Cargill and a bunch of big-time investors] Where we’re going, we don’t NEED cows – Bloomberg

The FTC has given its stamp of approval to the Amazon/Whole Foods merger, now expected to close by year’s end – MarketWatch

For anyone doubting the power of market forces, check out the impact on all flying that budget carriers have brought about in the past decade – WSJ

Some useful advice for braving the TSA experience (especially for anyone heading out of MSP in the next couple of weeks) – NYTimes