Remember that oil spill on the markets from yesterday?  We’re heading into Exxon Valdez territory here, even with a late-day rally on Wall Street that helped somewhat stem monumental losses – NYTimes

The Upshot’s doing what it can to help us make sense of it all – NYTimes

Meanwhile, some—like Big Billy Gross—are looking to place blame on the world’s central banks, Fed included – Bloomberg

Whoever steps in for Arnold & Porter to help out Martin Shkreli will have a new priority on the To Do list: prepping him for an appearance before the House Committee on Oversight and Government Reform – NYTimes

Freddie Mac has abruptly dropped its $1.3 billion suit against Deloitte & Touche for its alleged role in the “fraud and eventual collapse of mortgage lender Taylor Bean & Whitaker Mortgage Corp.” Look for details of the settlement prompting the dismissal with prejudice to emerge in coming days and weeks – Law360

Despite a 2015 full of rough headlines for Deutsche Bank, the German giant managed to surprise with its latest earnings announcement that included a yearly loss of $7.3 billion, including nearly $1.5 billion of losses in Q4 alone because of  legal issues – NYTimes and WSJ

Big time 6-3 High Court decision yesterday for class actions, as the Supremes found that an unaccepted Rule 68 offer of judgment doesn’t work to moot the entire class—a big loss [though perhaps not the last word on this] for defendants in TCPA actions, including Navy contractor Campbell Ewald Co., who’s on the hook for the case before the court – NYTimes and Law360

It’s IEX vs. Citadel in a battle over Katsuyama’s new exchange – Bloomberg

Hey East Coasters . . . ready for Snowmageddon 2.0? It’s [probably] cooommmmmminnnnnnggggg – NYTimes

Forget Pluto, there’s compelling evidence of a Ninth [non-dwarf] planet in our solar system after all.  We just need to, you know, find it – NYTimes