Tag Archives: Tesla

Financial Daily Dose 11.06.2019 | Top Story: Walgreens Boots Working With PE Firms to Go Private

BY: Michael D. Reif | November 6, 2019

Bloomberg is reporting that Walgreens Boots is weighing a potential deal “to take the company private in what could become the largest leveraged buyout in history.” PE firms like KKR are apparently in the mix to assist in the funding – Bloomberg and MarketWatch Meanwhile, Xerox is mulling over a “cash-stock offer for the $27 … Continue reading

Financial Daily Dose 10.24.2019 | Top Story: Lawmakers Grill Zuckerberg on Libra and Political Ads

BY: Michael D. Reif | October 24, 2019

We didn’t get flop sweat Zuck, but it was still a hot seat indeed for Facebook’s founder and CEO on the Hill yesterday, who fielded a wide range of questions from Libra to political freedom of expression on his platform – NYTimes and WSJ and Bloomberg and MarketWatch and Law360 In an effort to avoid … Continue reading

Financial Daily Dose 10.3.2019 | Top Story: After WTO ruling, US Hits EU with $7.5B in Tariffs Over Airbus Subsidies

BY: Michael D. Reif | October 3, 2019

We now have a price tag on the WTO-authorized sanctions that the U.S. can impose on European goods as a result of the EU’s illegal subsidies of planemaker Airbus: $7.5 billion—the “largest authorized retaliation in the WTO’s history” – NYTimes and WSJ and Bloomberg and MarketWatch and Law360 While we’re looking to the skies, upsetting … Continue reading

Financial Daily Dose 8.26.2019 | Top Story: Amgen to Pay More Than $13 Billion for Otezla

BY: Michael D. Reif | August 26, 2019

Amgen will pay $13.4 billion in cash to buy psoriasis treatment Otezla, a deal that will “pave the way for Bristol-Myers Squibb to complete its acquisition of Celgene” by addressing “regulatory concerns over their union” – WSJ Fed Chair Powell seemed to hit just about all the right notes in Jackson Hole on Friday (with … Continue reading

Financial Daily Dose 8.21.2019 | Top Story: Fed “Tailoring” to Weaken Big Bank Capital Requirements

BY: Michael D. Reif | August 21, 2019

Beyond the revamped Volcker Rule we discussed yesterday, Federal Reserve officials are “slowly, but steadily,” making a series of regulatory changes likely to weaken “capital requirements installed in the wake of the [2008 financial] crisis to prevent the largest banks from suffering the kind of destabilizing losses that imperiled the United States economy.” Most Fed … Continue reading

Financial Daily Dose 8.1.2019 | Top Story: Fed Cuts Rates for First Time Since 2008

BY: Michael D. Reif | August 1, 2019

The Fed delivered on its expected quarter-point rate cut yesterday, the first decrease in short term rates since 2008. Fed Chair Powell cited “the implications of global developments for the economic outlook as well as muted inflation pressures” as reasons for the move, though by not promising a “rate-cutting campaign,” Powell gave markets plenty of … Continue reading

Financial Daily Dose 7.25.2019 | Top Story: Facebook to Add Privacy Measures Under FTC Deal

BY: Michael D. Reif | July 25, 2019

Facebook and the FTC have agreed to terms on a settlement addressing the social network’s privacy violations in recent years. Along with the previously reported $5 billion fine, the deal will require Facebook to “add new positions and practices to increase the transparency and accountability of how it treats people’s information” – NYTimes and WSJ … Continue reading

Financial Daily Dose 7.3.2019 | Top Story: IMF Chief Lagarde to Succeed Draghi as ECB President

BY: Michael D. Reif | July 3, 2019

Big Euro (and global) financial news emerging on Tuesday, as European officials rather surprisingly nominated current IMF chief Christine Lagarde to succeed Mario Draghi as European Central Bank president – NYTimes and WSJ and Bloomberg Across the ocean, the White House formally chose Judy Shelton, the current US executive director of the European bank of … Continue reading

Financial Daily Dose 6.4.2019 | Top Story: DOJ, FTC, and Congress Set to Investigate Big Tech

BY: Michael D. Reif | June 4, 2019

Much more on the suddenly hot topic of Big Tech antitrust oversight, including a negotiated agreement among regulators that will see the DOJ handling Apple and Google while the Federal Trade Commission will take on Facebook and Amazon. Separately, the House Judiciary Committee is taking up its own probe of the tech industry giants – … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 29, 2019

Elon Musk and the SEC have reached an agreement to revise their earlier agreement to settle the latest round of issues caused by Musk’s Twitter habit. Under its terms, a Tesla securities attorney must now “preapprove any of Musk’s ‘written communication’ about Tesla’s business.” So, you know, all our best to the unluckiest lawyer at … Continue reading