Amazingly, April’s gone and it’s Jobs Report Friday again. Here’s what to look for in the numbers – Bloomberg and NYTimes and WSJ
After some a spate of unflattering past comments and videos surfaced, the White House announced yesterday that it will not, in fact, nominate campaign economic advisor Stephen Moore for a seat on the Federal Reserve board. Moore had, in recent weeks, lost considerable Republican support in the Senate – NYTimes and WSJ and Bloomberg and MarketWatch
A federal jury in Boston has found top execs at pharmaceutical company Insys Therapeutics “guilty of criminal racketeering charges involving bribing doctors to prescribe dangerous opioids to patients who didn’t need them.” Among those found guilty on all charges was company founder and “onetime billionaire” John Kapoor – NYTimes and Bloomberg and Law360
Streetwise has digested Fed Chair Powell’s post-FOMC-meeting news conference on Wednesday and has concerns that we may have missed the subtle goalpost-moving that went on when it comes to inflation targets – WSJ
Meet Indigo, the Canadian bookstore chain that’s pitching itself as a “cultural department store” and rolling out dozens of its own lifestyle products (from reading socks to herb growing kits) in an effort to save the bricks and mortar bookseller superstore model – NYTimes
Tesla will look to a mix of bond offerings and stock sales in an effort to raise $2 billion and shore up its flagging finances after a rough Q1 – NYTimes and WSJ and Bloomberg and MarketWatch
A Thursday ruling from SDNY Judge Colleen McMahon has given us considerable insight into the DOJ’s probe of alleged Libor rigging at Deutsche Bank, starting with the troubling revelation that the Justice Department essentially “outsourced the important developmental stage of its investigation to Deutsche Bank—the original target of the investigation” – Law360
Swiss bank UBS defended its decision to “go to court in France to fight money laundering charges” before shareholders this week, arguing that the company’s hands were tied by French authorities who hadn’t presented UBS with an acceptable alternative – Law360
Verizon is reportedly shopping around blogging site Tumblr, which it acquired as part of its Yahoo purchase. Yahoo had bought the site in 2013 for $1.1 billion but struggled to make it profitable and wrote down its value by $230 million just three years later – WSJ
Beyond Meat Inc., the vegan beef and sausage maker, had one heck of a public markets debut, as its value surged 163% in its first day of trading—the best of any US listing “since at least 2008 among IPOs that raised at least $200 million” – Bloomberg and MarketWatch
For you francophiles out there, an exploration of the ever-changing and yet still fully French language – WSJ
Have a great weekend,
MDR
