Your Daily Dose of Financial News

Robins Kaplan LLP

Stocks didn’t love the latest on the Trade War front yesterday.  And oil wasn’t helping the cause, either – Bloomberg and NYTimes and WSJ

The latest round of US-announced tariffs seems also to have brought US trade talks with China to a grinding halt – Bloomberg

Comcast wasted little time in countering Rupert Murdoch’s recent updated bid for SkyTV, bumping up its own offer to 14.75 pounds per share—a more than 5% improvement over Fox’s last bid – WSJ and Bloomberg and NYTimes

After failing in its hostile bid for Qualcomm, chip-maker Broadcom is reportedly nearing a deal to buy software company CA Technologies for nearly than $19 billion—a “surprise move” that would take Broadcom “in a new direction” – WSJ and Bloomberg

A look at a few projects emerging from Alphabet’s research lab (X) and hitting the big-time on their own: delivery drones (under the Wing brand) and internet-providing balloons (under the Loon brand) – NYTimes

As Wall Street, regulators, and the markets continue to grapple with exactly how to treat bitcoin, there’s an interesting school of thought suggesting that gold may be the best comparison—not so great as a currency, but interesting as an investment vehicle – Bloomberg

Meanwhile, in Florida, a federal magistrate judge has issued the first judicial finding that ICOs must comply with federal securities laws – Law360

Founder John Schnatter is out as Chair of his Papa-eponymous pizza empire, marking a pretty stunning public fall from grace over the past 7 months – NYTimes and Bloomberg and WSJ

The idea of a “mitochondrial eve”—that is, that all humans living today descended from a lone woman who lived in Africa 150k to 200k years ago—took root in the 1980s. Though intriguing, new evidence suggests that human evolution wasn’t nearly that “neat and tidy” – Gizmodo

We’re on break again for a few days while we mark 80 years here at Robins Kaplan. We’ll see you back bright and early on the 17th.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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