Your Daily Dose of Financial News

Robins Kaplan LLP

ECB Chief Mario Draghi’s having none of the US Treasury Secretary’s recent weak-dollar talk, accusing the US official, in not so many words, of “violating agreements among nations against starting currency wars” – NYTimes and WSJ

The Times takes us inside the rigged VW tests at the heart of the emissions cheating scandal that’s sullied the automaker’s image in recent years – NYTimes

Might Indianapolis just be a dark horse favorite for HQ2? The odds makers aren’t impressed with the bid, but it checks a surprisingly large number of essential boxes for Bezos’ big project – NYTimes

The SEC is reportedly investigation market practices involving municipal securities transactions, a $3.8 trillion market “long the investment mainstay of U.S. residents” – Bloomberg

The Journal’s assessment of the impact of the new tax overhaul on US companies, including the “rapid recalibrat[ion]” in which many are engaging that has featured both new US investment but also big-time charges and job cuts – WSJ

The SEC’s putting its money where Jay Clayton’s mouth is when it comes to cryptocurrency fraud enforcement – CNBC

As we’ve explored here, Puerto Rico was in awfully rough financial shape well before Maria devastated the island. As for after, well, according to its new financial plan, the island is telling creditors it won’t be able to make any repayments for at least 5 years – NYTimes and Law360

Phil Knight, meet Bill Ackman.  Passivity promises aside, this could be interesting – WSJ and Bloomberg

Early Uber investor Benchmark has agreed to drop its lawsuit against ex-CEO Travis Kalanick after SoftBank Group’s $9.3 billion share purchase has closed. The case was referred to arbitration 5 months ago – Bloomberg and Law360

We looked last week at the scary trend of bitcoin enthusiasts using plastic to go all in on the cryptocurrency.  For the record, the major credit card companies are not on board.  At all – WSJ

Sir Elton announced his retirement this week—after a 300-show final tour, of course.  Enjoy this sneak peek at the early days, when he casually applies a perfect melody to Tiny Dancer – YouTube

Have a good weekend.

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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