Financial Daily Dose 5.30.2019 | Top Story: Consumer privacy claims against Facebook survive to trial

Woman holiday shopping on a tablet.
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Recent San Francisco-federal court decisions from Judge Vince Chhabria suggest that the “dozens” of lawsuits accusing Facebook of violating users’ privacy for its own profit (many of which stemmed from the Cambridge Analytica scandal) will not only survive to trial but will likely pave the way for much more Facebook-centered litigation – Bloomberg and Law360

Bon jour. We’ve got the French take on Fiat Chrysler’s proposed merger with home automaker Renault, including serious scrutiny from government officials, unions, and even some Renault execs who question “whether the plan undervalues Renault and puts jobs at risk” – WSJ

DOJ officials appear to be conditioning T-Mobile/Sprint antitrust approval on the joint company creating “a new wireless carrier—with its own network,” a requirement that would, according to Bloomberg, be “a high bar for T-Mobile and Sprint to meet” – Bloomberg

More—this time from the Upshot—on the alarm bells ringing in the global bond market, and what they could mean for the world’s economic outlook – NYTimes and TheSkim

Which means that Fed tea leaf reading (and a test of wills over the central bank’s patience) are more important than ever – WSJ

US soybean farmers are back in a bind. Though China hasn’t cancelled prior purchases of American soybeans, state grain buyers “haven’t received any further orders to continue with the so-called goodwill buying” since the White House again escalated the trade war with Beijing – Bloomberg

Formerly ubiquitous tech giants Nokia and Ericsson are hoping to capitalize on competitor Huawei’s current undesirable status, especially with countries rethinking their contracts with the Chinese telecom provider for next generation 5G networks – WSJ

Probable Fed Reserve Board nominee Judy Shelton was out this week with White House-friendly comments about the role of the central bank in the context of the current US trade war with China, though she cautioned against the Fed getting asserting itself too aggressively in the nation’s economy – Bloomberg

A cautionary tale of why in today’s globally interconnected economy, small doesn’t mean insulated from a trade war presumably intended to affect a much bigger weight class of companies – NYTimes

Still looking to recreate the runaway success of their briefly all-consuming Pokemon Go augmented reality craze from 2016, the fine folks at Pokémon are making an interesting choice that, at first glance, is just about as opposite from the company’s Go success as possible: exploring the world of slumber – NYTimes

MDR

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