Your daily dose of financial news The Brief – 2.29.16

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European stocks couldn’t escape the pull of tough news in Asia after a disappointing G-20 meeting of finance ministers sent markets there lower today. In other words, US markets may be wishing that we just kept on leaping today – WSJ

More on how China National Chemical Corp. is planning on paying for its $43 billion acquisition of Syngenta AG. Think loans.  Lots of loans – WSJ

The inside scoop from the Oracle of Omaha in his annual letter to shareholders: “For 240 years it’s been a terrible mistake to bet against America, and now is no time to start.” Why argue with Warren? – NYTimes and WSJ

Well, that’s exactly what the Fed is wondering, as it tries to assess its next move. Does it believe market data or economic data? And should it keep the “Greenspan put” alive? The Upshot’s all over this dilemma – NYTimes

Seems like a good time for this primer from the Journal on negative rates, as central banks around the world dip a toe into this ”once-uncharted territory” – WSJ

Valeant CEO J. Michael Pearson is back after 2 months of medical leave, but he’ll no longer also carry the title of Chairman of the Board – NYTimes and Bloomberg

A legal case against LendingClub “making its way through the courts” is threatening its very basic lending arrangement by raising state anti-usury laws. More on the “limits of FinTech disruption” here – WSJ

Here’s a pretty incredible side-effect of Justice Scalia’s passing, according to Breakingviews—Dow Chemical has decided to fork over $835 million to settle a decade-old lawsuit over allegations of urethane price-fixing rather than face the “heightened risk of an unfavorable outcome” – NYTimes and WSJ and Law360

Bloomberg has the story of Citigroup’s alleged involvement in a $1.1 billion loss involving Banamex, Oceanografia, and Rabobank, among others – Bloomberg

We’re still living in a world without the pre-cogs, but those interactive ads of Minority Report are not quite so science fiction any more – NYTimes

A recap of the wild mess that was the 88th Academy Awards, helmed by a host who wasn’t messing aroundNYTimes

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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