More on the Saudi crackdown initiated by Crown Prince Mohammed bin Salman over the weekend, including the government’s move to confiscate and freeze more than $800 billion in assets from the detailed princes and other businessmen – WSJ

Breakingviews evaluates another in what’s become a string of disappointments for Pershing Square’s Bill Ackman, this time in the form of the “stinging defeat” in his campaign to shake up ADP’s board – NYTimes [and WSJ and Law360]

In other activist news, Chinese internet company Sina (fresh off its own rebuke of US activist hedge fund Aristeia Capital) “doubled down to avoid further challenges” by changing its shareholder structure and consolidating power in its chair/CEO Charles Chao – NYTimes

What if the challenge to Chinese company authority came not from activist investors but from a very American union?  The case of Fuyao Glass and the UAW will be one to watch – NYTimes

The latest on the FDIC’s efforts to maintain all of its claims against investment banks over their alleged role in selling toxic RMBS to Alabama’s failed Colonial Bank – Law360

Snap’s down nearly 20% thanks to awfully rough Q3 numbers – WSJ

With that in mind, yesterday’s announcement that Snapchat is prepping for a major app overhaul (less than a year after its IPO) isn’t all that surprising – Bloomberg and MarketWatch

With the VIX breaking records all over the place this year, we probably shouldn’t be surprised that investors’ hunt for yields is leading to a thirst for “exotic” investments—that is, “credit assets that are private, not easily tradeable and often complex.” Thus, the growth in “nonlinear finance” and corresponding challenges for regulators trying to understand and rein in the risks associated with such products – WSJ

CapitalOne’s done originating mortgages.  Yep. Just done – Bloomberg

Both the Treasury Department and Fed have dropped heavy hints this week that regulatory changes are nigh – Law360 & Law360

The Times is celebrating the “awkward teen years” of its Modern Love column, which debuted 13 years ago last week. So, if you need a little break for some feelings midweek, check out some of the great entries from over the years (and even some follow-ups) – NYTimes