The Journal gives us a revealing long look at the true meaning behind a Morningstar investment star ranking and finds that the coveted 5-star overall rating translated into a 5-year performance worthy of that designation just 12% of the time. Lots to unpack here – WSJ
Fair Game takes in the Senate’s recent action to kill the CFPB’s arbitration rule (that would’ve prohibited arbitration clauses from checking consumer class-action rights) and suggests that a popular backlash could be in the offing – NYTimes
Law360 offers some thoughts on what the Rule’s demise means – Law360
The Carlyle Group has put its succession plan into place, elevating Kewsong Lee and Glenn Youngkin to the co-chief exec spots and board membership and stepping back co-founders David Rubenstein and William Conway from day-to-day operations – WSJ and NYTimes
Uber’s reportedly taking offers for some of the assets of its soon-to-be-shuttered subprime lending unit, Xchange. Uber’s board recently deemed the venture unworkable – Bloomberg
A new, uber-business-friendly administration is opening up the skies to increased commercial drone testing. Amazon and Alphabet’s Wing are among those likely to take flight – NYTimes
Meanwhile, back on the ground, Amazon’s new delivery plan is all about getting packages not just to your door but inside it – WSJ and Moneyish and NYTimes
Deutsche Bank has agreed to pay $220 million to resolve claims by 45 state AGs in connection with the bank’s role in Libor fixing – WSJ and Law360
Fright night is just around the corner. We’re talking snow in MN. And my love for the 80’s is stronger than ever. Sounds like the perfect time for the return of Stranger Things – NYTimes