Your Daily Dose of Financial News


Jobs Report Friday! Here’s what to watch as you’re sorting through the numbers this morning – WSJ and Marketplace and Bloomberg and NYTimes

With their concerted effort to address market uncertainty through major foreshadowing, it’s rare these days that central banks can truly surprise. And yet, Mario Draghi and the ECB managed to do just that yesterday when it “unexpectedly reversed course and revived stimulus measures originally designed for times of crisis” – NYTimes and WSJ and Bloomberg and MarketWatch

Digging deeper into both sides of the US/China trade talks shows that for all of the White House’s optimism about a coming trade deal, its Chinese counterparts are a bit less rosy – NYTimes and WSJ

Because when you’re the Pharma Bro, why should the rules apply—even when you’re already behind bars. The latest from the Shkreli files – WSJ

Airbnb has revealed plans to acquire HotelTonight, “a service that offers last-minute hotel bookings,” in a deal that would expand the company’s reach to “traditional and boutique hotel listings.” Though deal terms haven’t been made public, HotelTonight’s last private valuation was in the $465 million range – NYTimes and Bloomberg

UBS has asked SDNY Judge Vernon Broderick to kick a now-defunct investment company from taking over as “the last plaintiff in a proposed class action over alleged Libor rigging,” arguing that the enterprise—which no longer exists—“did not have standing to bring the antitrust suit” when the case was filed and thus cannot now pass on standing to a related liquidated holdings company – Law360

Hedge Fund Hildene Capital Management has kicked the Sackler family out of its fund for its “alleged role in fueling the opioid crisis” through its Purdue Pharma company (and, more specifically, its OxyContin offering) – WSJ

CFPB chief Kathy Kraninger told a House Committee this week that the Bureau may go “further in its efforts to overhaul its payday lending regulations,” though she was cagey on both content and process for future changes – Law360

An update on the highly anticipated Star Wars attraction coming to the Disneyverse, including an earlier-than-anticipated opening date (coupled with an unexpected staggered approach) – MarketWatch and Mashable and HuffPost

Feeling a bit stale in your auditory choices these days? (Or wondering what’s on the kids’ playlists?) Luckily, the Times has got you covered. 25 times over – NYTimes

Have a great weekend,

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