Another day, another massive Chinese IPO. This time, its ride-hailing company (and former Uber rival) Didi Chuxing, which could go public later this year and has its sights set on a $70-$80 billion valuation – WSJ
Apple’s bid for song-identification app Shazam has piqued the interest of European antitrust authorities over “concerns the iPhone maker would get access to data on competitors like Spotify” – NYTimes and WSJ and Law360
Japan’s Takeda looks to be the winner of the Shire lottery – Bloomberg
Eddie Lampert’s ESL Investments hedge fund announced yesterday that it would buy “real estate assets and the Kenmore brand” from Sears, the struggling retailer that Lampert has been helming since 2013 – NYTimes and WSJ and Bloomberg and MarketWatch
Walmart is reportedly closing in on a $12 billion deal to buy a majority stake in Flipkart, “India’s leading e-commerce company.” If successful, the deal would give Walmart a “substantial foothold” in India’s emerging market of $1.3 billion people – Bloomberg
Streetwise takes a look at how wage pressures that could help Main Street’s bottom line might also take a bite out of the high profit margins that Wall Street has been enjoying for years – WSJ
Let’s be honest. We were all a little too excited to get a precise number on Amazon’s prime membership, right? Well, Bloomberg calls us on our eagerness but reserves the real fireworks for Mr. Bezos and its “familiar pattern of giving a flood of business metrics that are meaningless or provided without context.” Alright then – Bloomberg
While we’ve got Amazon on the brain, seems like a good time to explore this Post expose about how Facebook-originated fraudulent reviews “artificially inflates the ranking of thousands of products” and “mislead[s] customers” in the process – ThePost
Your SCOTUS oral argument update on the constitutionality of the SEC’s in-house judges, featuring the rather unusual scenario of the agency being represented by a Supreme-Court-appointed attorney because the White House refused to defend the SEC – AP and Law360 and WSJ
Markets weren’t loving the news about the 10-year Treasury yields’ move towards 3% – WSJ and Bloomberg
For those nights when you’ve gotta have the champagne of hot sauces . . . McIlhenny’s got you covered – NYTimes
