Manhattan USA Preet Bharara’s back in front of the cameras and back on the insider-trading horse with the announcement yesterday of criminal charges against well-known sports bettor Billy Walters and former investment banker Thomas C. Davis over illegal stock tips. Also swept up in the mess (though not convicted) is golfer (and gambler) Phil Mickelson, who agreed to disgorge nearly $1 million to the SEC in “ill-gotten gains” – NYTimes and WSJ and Law360

Details about one of the other banks victimized by hackers via Swift are emerging as part of a lawsuit by Ecuadorean bank Banco del Austro against Wells Fargo over the theft of $12 million in January 2015 – WSJ

Congress finally got its act together and has come up with a bipartisan bill to address Puerto Rico’s staggering debt problem – NYTimes

Valeant’s bondholders have issued the company a notice of default because of its delay in filing Q1 financial results. The notice starts the 60-day clock making July 18 the day that bondholders could demand immediate repayment if the 10-Q isn’t on file – Bloomberg

The Journal’s suggesting that Yahoo would be best to expect bids far below its original $4-8 billion forecast as the next round comes in. Something more in the order of $2-3 billion—the kind of deal that might help explain Warren Buffett’s interest – WSJ

Breakingviews is warning off BASF from taking a shot at Monsanto, making the case that the deal just wouldn’t be worth it for the German chemical company – NYTimes

More on General Mills’ surprising surge in the venture capital arena, including its $18 million investment in Kite Hill—a maker of plant-based yogurt and cheese ( the thought of which, frankly, pains me to even write) – NYTimes

Law360 offers up a deeper dive into Delaware’s full-bear-hug embrace of blockchain technology from a Pillsbury Winthrop lawyer working with the state as a “legal ambassador” – Law360

With profits down and iPhone sales stagnant, Apple’s rolling out big changes . . . to its stores – NYTimes and Wired

Dave officially signed off a year ago today.  [Sigh.] Here’s a cool new look at the last show experience with Leaving Letterman, Part I – Slideshare

Have a good weekend.