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And we thought Brexit was something.  Buckle up. It’s going to be a wild market ride – NYTimes and WSJ and Bloomberg

Whoa.

In other news:

The Deal Professor analyzes the narrative gloss that Silicon Valley is slapping on the Tesla/Solar City deal and whether it will matter – NYTimes

As federal regulators demand more data from financial firms, Wall Street is raising the cybersecurity flag, questioning the government’s ability to safeguard the sensitive private data they’re being asked to turn over – WSJ

Despite plenty of internal machinations that explain part of the trouble, Valeant’s struggles may be a “bad sign of things to come for a whole industry”—pharma, which relies quite heavily on raising prices to create growth – NYTimes

The FDIC is looking to revive a $140 million lawsuit against RBS over toxic RMBS, arguing that the district court misinterpreted its FIRREA reading under WaldburgerLaw360

Walgreen Co. has sued Theranos, its former lab-testing partner, for more than $140 million in damages alleging breach of contract – WSJ and Bloomberg

An analysis of the DOL’s recent FAQ guidance on its new fiduciary rules – Law360

This seems much-needed right about now – NYTimes

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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