Financial Daily Dose 7.26.2019 | Top Story: In a reversal, ECB to revive stimulus measures to boost EU economy

Building Demolition

The European Central Bank announced on Thursday that is likely to revive the quantitative easing program aimed at “pump[ing] money into the region’s financial system,” a major reversal from just 6 months ago, when the ECB began winding down the bond-buying program – NYTimes and WSJ and Bloomberg

McKinsey’s been in hot water with bankruptcy courts for its penchant over the years for playing on both sides of the v. at the same time. Now, it’s finding itself in another potentially embarrassing (and worse) situation with the opioid crisis. New information emerging at opioid trials around the country shows that the consulting giant worked with companies like Johnson & Johnson on ways to boost opioid sales – NYTimes

Amazon’s Q2 profits rose 3.6% from the same period a year ago, but its “record quarterly profit streak has ended,” as higher shipping costs and slowing cloud-computing growth took a bite out of its bottom line – WSJ and MarketWatch

Some thoughts on what to look for in today’s GDP report – NYTimes and MarketWatch

Facebook co-founder Chris Hughes is teaming up with federal authorities to help build its antitrust case against the social networking site. With past friends like these, Zuck, am I right? – NYTimes

The CFPB and NY AG have settled their case against debt collectors, with defendants agreeing to pay $60 million and agreeing to a ban from the collections industry – Law360

The DOJ is working with state officials to push them over the line to approve the mammoth T-Mobile/Sprint merger, a response to “some of the state attorneys general who have already filed a federal antitrust suit seeking to block” the deal – WSJ and Bloomberg

A California judge has dramatically reduced a couple’s $2 billion jury verdict win against Monsanto (on claims that its Roundup product caused cancer). The court found that damages figure “unconstitutionally large” and cut them to $87 million – Law360 and WSJ and MarketWatch

Southwest Airlines announced that it’s leaving Newark Airport sooner than expected and that its profits were down roughly $175 million in Q2—two of the most tangible results of the ongoing grounding of Boeing’s 737 Max airplane- NYTimes and WSJ

Stop for a quick second.  Soft magnets? Magnetic liquid?  Uhhh, yeah.  We’re gonna have to spend some time on this one – NYTimes

Have a great weekend,