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Activist investor Carl Icahn has taken a sizeable stake in Bristol-Myers Squibb, a move that reportedly caught execs at the drugmaker unawares and sets the stage for a potential sale – WSJ

The Deal Professor considers the impact that rising nationalism is having on multinational companies [and deals] – NYTimes

Does that reasoning apply to chicken?  We (and Popeye’s) will have to wait and see – NYTimes

Fed minutes are out today, and they’ll be closely read for signs of when rates are likely to go up again – WSJ

We’ve been keeping our eye on the auto loan market for some time now.  Bloomberg’s joining the chorus, warning that the country’s auto debt hit a record in Q4 2016 and may be a cause for concern – Bloomberg

HSBC, fresh off news of  a $4.2 billion Q4 loss, has disclosed a new investigation by the UK’s FCA over the bank’s alleged failure to stop money laundering – Law360

Wells Fargo has terminated four managers from across the country for their role in the fake account/cross-selling scandal – WSJ and Bloomberg and Law360

Which made for a tough Tuesday, especially given news from the Supreme Court that the embattled bank would have to face False Claims Act allegations under last summer’s Escobar standard – Law360

Here’s a pretty cool look at the transformative power of good architecture, with small-town Mississippi as a case study – NYTimes

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