Dealbook’s Strategies feature reviews the Fed’s latest non-move and suggests that the current bind in which the Fed finds itself is—at least in part—a problem of its own making – NYTimes

Streetwise takes on the difficult [even “callous”] task of assessing the impact that the tragic slaying of Labour MP Jo Cox yesterday had on the forthcoming Brexit vote—and, more to the point, how markets perceived that impact – WSJ

HSBC has agreed to pay $1.58 billion to settle a shareholder class action complaint over alleged securities fraud stemming from the bank’s subprime lending in a case that has stretched out over the past 14 years – WSJ and Law360

Revlon and Elizabeth Arden are joining cosmetics forces in a reported $419.3 million cash deal – NYTimes and Bloomberg

The latest concern about the US economy, as prompted by still-lower government bond yields, is that America (and others) are heading down the Japanese path—where 20 years of “resuscitation efforts” have yet to jumpstart a flagging economy – WSJ

Despite having resoundingly taken Round 1, MetLife’s SIFI battle is far from over – Bloomberg and Law360

Is Microsoft the cool kid on the block again? [Was it ever?] Or is it just trying too hard?  Judge for yourself based on its pioneering move (for big companies, at least) into the world of legal marijuana with its Kind partnership – NYTimes

The Times gives us a long-read on Garrison Keillor, as he prepares to sign off (for real, this time) of a Prairie Home Companion and suggests that the “myopic doughboy” (in Rex Reed’s parlance) is much more than has met the ear these past 4 decades on the air – NYTimes

Have a great weekend.