Your Daily Dose of Financial News

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OMB official Kathleen Kraninger is likely to face serious questions as she takes to the Hill today to begin confirmation hearings for her surprise nomination to lead the Consumer Financial Protection Bureau. Why? Her lack of any “record or experience in financial regulation,” for one thing – NYTimes and Law360 and WSJ

The Journal reacts to yesterday’s blockbuster EU antitrust fine for Google, suggesting that the move could lead to a major shake-up in the mobile phone industry – WSJ

The Times’ tech correspondent has his own take on the US approach to a trade war with China—namely, worry a lot less about tariffs and a lot more about taking the lead in the global technology industry – NYTimes

John Schnatter’s abrupt departure from the board of his Papa John’s pizza empire has not only left him on the outside looking in, but it appears to have disrupted merger talks between Papa John’s and Wendy’s – WSJ and Bloomberg

Speaking of mashups, Netflix is partnering with SiriusXM to create a satellite comedy radio channel expected to hit the airwaves by early 2019 at the latest – WSJ

VW is pushing for dismissal of bondholder claims in a California federal lawsuit alleging that they bought overpriced bonds based on “purportedly misleading offering documents concealing the German automaker’s 2015 diesel emissions scandal” – Law360

Scandal-plagued Libor has been a mess for some time now. Unfortunately, the quest for its replacement is far messier, leaving Wall Street scrambling as Libor’s 2021 sunset looms – NYTimes

Sinclair read Chair Pai’s recent “serious concerns” statement loudly and clearly, and it wasted little time in altering its bid (to no avail) for Tribune Media in an effort to address Pai’s issues  – NYTimes

The SEC set a series of new rules yesterday that will require Wall Street’s dark pool trading platforms to “tell investors more about how they handle orders and any preferential deals they cut with clients.” The new regs build on a “series of enforcement actions” in recent years finding that dark pools misled clients – WSJ and Law360

A bit of Golden Record “guide to Earth” love, a mere 41 years later – Mashable

MDR

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