Your Daily Dose of Financial News

Demolition of an old house

Vodafone will spend $23 billion in cash to snap up operations in four European countries from Liberty Global PLC, which specializes in cable operations – WSJ and MarketWatch

Some early economic reaction to the White House’s decision to withdraw from the Iran nuclear deal, including oil on the rise – WSJ and Bloomberg

Meanwhile, Comcast is not-so-quietly amassing financing and keeping a careful eye on the outcome of the AT&T/Time Warner antitrust review as it considers making a hostile bid to disrupt Disney’s plan to buy 21st Century Fox’s entertainment assets – WSJ

Five more top-level Nike execs are out as fallout from a “sweeping investigation into workplace behavior” at the company continues – NYTimes and WSJ

As we’ve discussed here, Australian banks are having something of a dark night of the soul at the moment. One of them—ANZ—is going Wells Fargo on us and dropping sales incentives for its financial planners – BusinessInsider

Even as many top business leaders express concerns about the long-term viability of cryptocurrencies, Wall Street is warming to their appeal. The NYSE’s parent company is working on an online bitcoin trading platform, and Goldman Sachs has unveiled its intention to open a Bitcoin trading unit – NYTimes

And if Wall Street’s in, why not the Fed? – NYTimes

Still, the crypto craze should take heed: don’t mess with Texas—especially when it comes to fishy ICOs – Law360

Delaware bankruptcy Judge Mary Walrath has approved the sale of Weinstein Co. assets to private-equity firm Lantern Capital Partners for $310 million as part of a deal that “is expected to give the troubled studio a second life under new ownership” – WSJ

We’ve been considering the question of what’s next for Valeant for years now, and while it’s still something of an open question, we can say definitively that it’s a matter for Bausch Health now – NYTimes and WSJ and MarketWatch

Equifax has revealed in a SEC filing more details on how hackers pulled off a portion of the massive data breach affecting nearly 150 million people – Law360

Your style section term of the week: circadian lighting—the intriguing new development in interior design that uses the versatility of LEDs to “delivering optimal brightness and color temperature at different times of the day” – NYTimes


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