Your Daily Dose of Financial News

Robins Kaplan LLP

We’ve begun exploring here the impact that the White House’s Iran deal pullout (and subsequent threat to impose sanctions on Iran’s trading partners) will have on particular EU-based companies (right, Peugeot)?  Now we’ve learned that EU leaders have officially asked the US for exemptions from these sanctions – NYTimes

While we’re talking tariffs, it’s worth noting that scorned allies Canada, Japan, and the EU are “banding together to increase pressure on Washington” and create a “firewall” against any further US tariff moves – WSJ

All of which (China, included) is leaving US farmers very concerned – WSJ

An “intense activist campaign” by Paul Singer’s Elliott Management has led to resignation of Jonathan Bush (yes, of that Bush family) as CEO of Athenahealth, a month after Elliott made a hostile takeover offer for the health care tech company – NYTimes and WSJ

Speaking of activists, Carl Icahn has apparently rebuilt a position in drugmaker Allergan – Bloomberg

Warren Buffett and Jamie Dimon have found a nifty way to cut back on quarterly earnings guidance by casting it “unhealthy” because of the “focus on short-term profits at the expense of long-term strategy, growth and sustainability” such guidance engenders – WSJ and Bloomberg

Credit Suisse will pay about $47 million to resolve a DOJ Foreign Corrupt Practices Act probe (though not an ongoing SEC inquiry) over its hiring practices in Asia – WSJ and Law360

A look at how the rise in tech is forcing Cargill to “reboot,” even after 150 years of dominance – Bloomberg

Acting CFPB director Mick Mulvaney continues to reshape the consumer watchdog agency despite his “acting” status, this time by dismissing the bureau’s consumer advisory board, “which provides feedback on the bureau’s rules and policies” – NYTimes and Bloomberg and Law360

And then there’s Mick’s position on the bureau’s own payday lending rules. Not exactly Cordray-esque – NYTimes

Twenty years since its debut, the New Yorker gives us this necessary look at the revolutionary run and powerful (though generally overlooked) legacy of SATC – NewYorker

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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