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We now know what all of that law-enforcement activity around Caterpillar HQ in past weeks. A government report out this week reveals that investigators are targeting CAT for tax and accounting fraud, though no charges have been filed at this time – NYTimes and Marketplace

A deep dive into the “family office,” an increasingly popular way for mega-wealthy families (think Perots or Pritzkers) to protect and grow family fortunes—more often through direct investment in private equity, venture capital, and real estate than ever before – WSJ

SoftBank’s mixing things up. Instead of more acquiring, the Japanese telecomm giant’s decided to unload a 25 percent stake in ARM Holdings—a semiconductor designer it bought last year for $32 billion – NYTimes and WSJ

Treasury yields topped out at near 2.6 percent on good news from a US private-sector jobs report and a strong German report on industrial production there – WSJ

Here’s what BBG thinks it means – Bloomberg

Some Law360 Analysis on the path forward for a House bill that could erect significant procedural hurdles for plaintiffs seeking to bring class actions against banks and other financial firms – Law360

Past Sullivan & Cromwell work for Russian and Iran threatens to make confirmation proceedings for SEC nominee (and current Sullivan partner) Jay Clayton a bit more interesting than once anticipated – NYTimes and Bloomberg and Law360

The Times’ tech columnist on how Snap is relying on “Pics or it didn’t happen” as a key business model selling point – NYTimes

Thursday morning’s as good a time as any for a “significance in the cosmic scheme of things” check, right?  Scientists have announced the discovery of the oldest known dust [in the form of tiny grains of carbon, silicon, and aluminum], which has made its way to us after a journey of 13.2 billion years from a galaxy about 30 billion light-years away – NYTimes

Also, for good measure, let me introduce you to “time crystals” – WSJ

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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