Your daily dose of financial news - The Brief – 7.11.16

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Some analysis of the really solid [especially as compared to a month earlier] US jobs report from Friday – NYTimes and WSJ and Bloomberg

This week’s Brexit pain starts with the nasty turn that British pension funds have seen since the Leave votes (and not helped by rock-bottom bond rates) – WSJ

A putative class action filed last week is accusing 25 prominent banks—including Deutsche Bank, Goldman Sachs, and Barclays—of “conspiring to rig the market for securities” sold by the US Treasury in their roles as primary dealers in Treasury auctions – Law360

Fresh off of a successful UFC 200, the mixed-martial-arts league is selling itself and its famed octagonal cage to a group led by WME-IMG and a bunch of big PE firms for $4 billion – NYTimes

Investors aren’t buying the odds of two pending megadeals in the health care realm, if the stock prices for Aetna & Humana and Anthem & Cigna are to be believed – NYTimes

Meanwhile, some rivals are benefiting from the uncertainty – WSJ

Ummm, about that 2d Circuit decision to let Barbara Duka and Lynn Tilton band together to revive their challenge the constitutionality of the SEC’s in-house courts . . . . yeah, not so much – Law360

More on the state of Elizabeth Holmes’ Theranos after last week’s news that she’s banned from operating labs for the next 2 years – WSJ and Bloomberg

Some lessons from the Serious Fraud Office’s latest round of Libor-rigging trials – Law360

Bitcoin survived a major technical milestone this weekend as the virtual currency went through a “halving” on Saturday that effectively cut by 50% the rate of production of new bitcoins – WSJ

They’re not quite Bucky domes, but damned if Amazon’s not going spherical for part of  its new HQ in the Lake Union section of downtown Seattle with the aim of creating a sort of “Walden Pond under glass” – NYTimes

Seen any roving packs of millennials with their phones out mumbling about egg incubators (as I did while on a walk with the baby this weekend)? You can thank Pokémon Go (and Nintendo and augmented reality) for that – Recode

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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