What I Am Reading

Oct 28 (Saturday) Markets The superhero of stock markets? Not yet, but it’s getting there. (WP) Nasdaq 100 Companies Add $200 Billion in Market Cap in One Day (B) The Bond Selloff’s Missing Ingredient: Inflation (W) Commodities & currencies Brent Oil Tops $60 for First Time Since 2015 Amid OPEC Optimism (B) Euro weakness helps bolster region’s stock markets (FT) Central banks ECB Decision Reopens Divide Atop Central Bank (W) Draghi’s Fresh Stimulus Provokes Dissent While Lifting Markets (B) | Press Conference ECB, Fed Are Growing Apart, Moving Markets (W) Monetary policy and bank profitability in a low interest rate environment (ECB) Trump Leans Toward Powell for Fed With Announcement Next Week (B) US U.S. Posts Solid 3% Economic Growth, Despite Hurricanes (W) Europe Another Sign Europe Is Over Crisis? Its Companies Are Investing at Home Again (W) Spain’s Prime Minister Just Fired the Whole Catalan Government (B) Japan Japanese inflationary pressures remain close to non-existent (BI) US politics White House Study Sees Faster Economic Growth From Tax Cuts (W) | Report Republican Tax Plan Would Offer Big Boost To U.S. Bank Returns (S&P) The Way to Fix the Volcker Rule (B) Industries & companies FANGs: Alphabet Joins Apple in $700 Billion Club (W) FANGs: Amazon Turns a Financial Report Into a Marketing Event (B) FANGs: Early Orders for iPhone X Lead to Long Shipping Delays (W) Financials: UBS Profit Rises as Wealth-Management Bet Pays Off (W) Financials: U.S. Investigating Foreign-Exchange Trading at Wells Fargo (W) Tech: Tech’s Big Get Bigger in Earnings Blowout (W) Corporate finance CVS Health, Aetna in Talks Over $66 Billion Tie-Up (W) Saudi Aramco’s record breaking international IPO might not go ahead after all (BI) Offbeat Accountants are finally being held to account in the US (FT)

Oct 27 (Friday) Markets Stocks Climb on Earnings, ECB Plan to Slow Bond Buying (W) Central banks ECB to Scale Down but Extend Bond-Buying Program (W) Draghi Goes Lower for Longer in Overhauling Bond Buying Plan (B) Draghi refuses to call end to ECB crisis measures (FT) Draghi pulls off dovish trick with QE ‘downsize’ (FT) Ray Dalio Is Worried About the Bond Market (B) US U.S. Pending Home Sales Weaker Than Forecast, Held Back by Irma (B) The Industries Hiring The Most College Grads In 2018 (F) Nearly half of Americans have a family member or close friend who’s been addicted to drugs (Pew) Trump Declares Opioid Addiction a Public Health Emergency (B) Among developed nations, Americans’ tax bills are below average (Pew) Europe Italy’s Parliament Approves New Electoral Law (W) Germany’s left fears years in the wilderness (FT) China China Wants to Talk Less About Growth Targets (W) Xi’s Next Step: Demand More Fervor From China’s Communist Party (W) Emerging Saudi Arabia’s Blueprint for a Sci-Fi Megacity (B) US tax reform House Approves Budget Plan, Paving Way for Tax Action (W) The Race for a Major Tax Overhaul Is On. [SALT is] One Big Obstacle (B) Senate GOP Wants to Pass Tax Plan by Thanksgiving (B) US politics Democrats Are United Against Trump, Divided on Everything Else (W) Ryan Says FBI to Give Documents Related to Trump-Russia Dossier (W) How Rex Tillerson Is Remaking the State Department (B) Industries & companies FANGs: Amazon beats on profit after Prime Day sales surge (R) FANGs: Here’s What CEOs Are Saying About Amazon’s Plans for Domination (B) FANGs: Amazon gains wholesale pharmacy licenses in many U.S. states: report (R) FANGs: Alphabet Third Quarter Earnings Beat Estimates (B) FANGs: iPhone 8 Posts Weak Initial Sales, Pressuring iPhone X (W) Financials: How Wall Street Scored Its Big Win in Congress (W) Financials: Deutsche, Barclays Feel the Investment Bank Burn (W) Industrials: GE Explores Exiting From the Railroad Business (W) Insurance: Global insurers look to raise rates after catastrophic quarter (R) Tech: Microsoft’s profit beats estimates on gains from cloud services (R) Tech: Intel raises full year revenue, profit forecast (R) Tech: Twitter Overstated Users; Shares Jump as Loss Narrows (W) Tech: Western Digital revenue beats estimates (R) Offbeat Towering Border-Wall Prototypes Unveiled (W) Time To Update Your Vacuum Cleaner — Hack Turns LG Robot Hoover Into A Spy (F)

Oct 26 (Thursday) Markets Earnings Are Fraying Nerves Already With Amazon and Google Still to Come (B) The FANG Stocks Are Selling Off Again Ahead of Earnings (B) The Morningstar Mirage (W) Central banks Trump Says He Is Thinking About Keeping Yellen as Fed Leader (W) Trump Wants to Make Own Mark on Fed But Calls Yellen ‘Terrific’ (B) Yellen Is the Standout Fed Candidate If You Go by Trump’s Tweets (B) Trump Decides Against Gary Cohn for Fed Chair (B) Forget ECB’s Taper, Investors Want to Know About Rates (W) The Outsiders: How Swiss, Others Survived ECB Bond Buys (W) US New Home Sales Growth Surges to 25-Year High (W) U.S. Durable Orders Rose 2.2% in September (W) Health Care Will Drive Jobs Growth in the Coming Decade (W) Japan How Foreign Workers in Japan Are Helping—and Hurting—the Economy (W) China China’s Xi Promotes No Clear Heir, Opening Door to Stay in Power For Decades (B) The Seven Men Who Will Rule China for the Next Five Years (B) China’s Silk Road Cuts Through Some of the World’s Most Corrupt Countries (B) Emerging Saudi Arabia Just Announced Plans to Build a Mega City That Will Cost $500 Billion (B) US politics State Break May Imperil Vote to Begin Tax Debate, Lawmaker Says (B) Top House tax writer suggests 401(k) changes could still happen, contradicting Trump (C) Cohn Floats Idea of Gas Tax Hike for Infrastructure (B) Tracking deregulation in the Trump era (Brookings) Sen. Schumer calls Treasury Secretary Mnuchin a liar and a ‘suck up’ to Trump (C) Cybersecurity New Ransomware Outbreak Spreads Through U.S., Russia and Ukraine (W) The real threat from North Korea is in cyber space (FT) Industries & companies Autos: The 10-Year Plan to Make Cadillac Cool Again (W) Consumer: Coke Zero Sugar Helps Coca-Cola Hold On to Soda Drinkers (W) FANGs: Amazon wants you to let its delivery people into your home but the internet is wary FANGs: Amazon’s Stab at Allowing Brick-and-Mortar Returns Is Deemed Underwhelming (B) Financials: Congress Makes It Harder to Sue the Financial Industry (W) Financials: Uber Chooses Barclays and Visa for Its No-Fee, Co-Brand Credit Card (B) Pharma: OxyContin Maker Probed Over Opioid Relief Claim (B) Retail: Hilfiger Says Making Clothes in America Remains Impossible Dream (B) Tech: Snap, Twitter Battle for Second Place—by Different Measures (W) Corporate finance Vistra Energy Nears Deal to Buy Dynegy (W) Offbeat Amazon’s Dream of Drone Deliveries Get Closer With Trump’s Executive Order (B) Overstock Is the Latest Stock to Surge Thanks to the Cryptocurrency Craze (B)

Oct 25 (Wecnesday) Markets Strong US earnings lift confidence in global outlook (FT) David Einhorn Is Wondering If Value Investing Even Works Anymore (B) Central banks Trump Asks GOP Senators for Show of Hands on Fed Nominee Choices (B) Warsh Met With Vice President Pence About Top Fed Job Last Week (W) ECB Must Strike Right Balance in Scaling Back Bond Purchases (W) What Happens When the ECB Steps Back From Corporate Bonds? (W) US Caterpillar Is the Latest Sign the World’s Economy Hasn’t Looked This Good in Years (B) More People Think Renting Is a Better Deal Than Buying (W) How Airbnb Affects Home Prices and Rents (W) Europe Germany’s coalition requires compromise (FT) China Chinese investment banks face new headwinds (FT) China Boosts Powers of Xi Jinping as Equal to Mao (W) Xi’s New Milestone Positions Him to Rule China for Decades More (B) US politics Arizona Senator Jeff Flake Torches Trump After Announcing His Retirement (B) Trump and Corker’s Feud Erupts Again, This Time Over Taxes (B) Auto industry tells Trump ‘We’re winning with NAFTA’ (R) Industries & companies Autos: GM, Fiat Chrysler Shares Climb As Investors Focus on Future (W) FANGs: Amazon Launches ‘Business Prime’ to Bring Quick Delivery to Work (B) FANGs: Amazon rivals turn to legal fine print to stem Whole Foods strategy (R) Financials: Wealthier Depositors Pressure Banks to Pay Up (W) Industrials: 3M Earnings Jump as Push Into Technology Pays Off (W) Industrials: Caterpillar on Track to Break Sales Slump (W) Manufacturing: Corning Gains on Demand for Its Glass for Smartphones (W) Restaurants: McDonald’s Focus on Low Prices Brings in Customers (W) Retail: Sears Stops Selling Whirlpool Appliances (W) Real estate: Big Mall Operator Does the Unthinkable—Builds a Mall (W) Cryptocurrency There’s Now a Cryptocurrency Fund-of-Funds (B) Is an ICO an Investment or a Donation? (W) Offbeat Sony’s Pet Project, a New Robot Dog, to Be Unleashed Soon (W) WeWork Venture to Buy Lord & Taylor’s Flagship Store (W)

Oct 24 (Tuesday) Markets Global Investors Chase Safety, Yield in U.S. Bonds (W) Central banks Trump Says He’s ‘Very, Very Close’ to Naming Fed Chair Nominee (B) What John Taylor’s Rule Could Mean for the Fed (B) Central Bankers Uneasy on Inflation (W) Ray Dalio Says Fed Should View U.S. as Split Into Two Economies (B) Yield curve control should be Draghi parting shot (FT) US Americans have more debt than ever — and it’s creating an economic trap [says the IMF] (BI) Americans Are Retiring Later, Dying Sooner and Sicker In-Between (B) Missing Growth from Creative Destruction (FRB-SF) U.S. Ran $666 Billion Deficit In Fiscal 2017 (W) Europe Catalan leaders deny direct rule from Madrid (BI) Japan Japan’s Shinzo Abe hails landslide victory in snap election (NN) Abe’s Election Win Heralds Push for Japan’s Military (W) China Chinese Banks in Need of a Stiff Quality Check (W) The slowdown in China’s housing market, in one chart (BI) China’s Xi Jinping has an ambitious plan to catch up with Western militaries (BI) A Xi Jinping Protégé Rises to Stardom (W) Emerging Saudi Upgrade to Emerging Market Status From MSCI Is ‘Inevitable,’ HSBC Says (B) US politics Trump Says 401(k) Treatment Won’t Change in Tax Plan (W) This Big Tax Cut for ‘High Fliers’ Shows Why an Overhaul Is Hard (B) Geopolitics BLACKROCK: 10 geopolitical risks we’re watching (BI) Japanese Official Warns North Korean Threat Critical, Imminent (W) Tillerson Urges Action From Pakistan Against Taliban (W) Cybersecurity Kaspersky to Allow Review of Its Cybersecurity Software (W) Hackers Target Nation’s Schools (W) Industries & companies Aerospace: Arconic Names Former GE Executive as CEO (W) Autos: GM’s Stock Gets a Charge as It Gears Up to Take On Tesla (W) FANGs: Amazon Says 238 Places Want to Host Its New Headquarters (W) FANGs: Etsy Shares Pinched By Amazon’s Latest Crafts-Selling Effort (W) Industrials: GE Shares Sink as Analysts Cut Price Targets, Question Dividend (W) Industrials: General Electric Has a Long-Term Care Problem (W) Pharma: Pharma’s New Profit Formula: Take Generics, Add Marketing (W) Restaurants: For Chipotle Investors, This Quarter Is All About Queso (B) Corporate finance Netflix to finance new shows from $1.6bn bond sale (FT) Hartford to Pay $1.45 Billion for a Unit of Aetna (W) Technology ‘Alexa, Can You Prevent Suicide?’ (W) Millennials Are More Likely to Buy a Self-Driving Car (B) Google Debuts Software to Open Up Quantum Computers for Chemists (B) Cryptocurrencies Prince Alwaleed Says Bitcoin Is ‘Enron in the Making’ (B) Only One in 10 Tokens Is In Use Following Initial Coin Offerings (B) Offbeat The New Populism Isn’t About Economics (B) World Series Clash Marks the Rise of Baseball’s Superteams (W) Sessions Targets MS-13 Gang (W)

Oct 23 (Monday) Markets What’s Really Driving This Stock Market Higher (BR) A Record in Records for U.S. Stocks Rallying Sixth Straight Week (B) Hunt for Yield Fuels Boom in Another Complex, Risky Security [: CLOs] (W) [Japan,] Land of the Rising Sum (BR) Central banks Yellen Defends Legacy Amid Uncertainty Over Fed Leadership (B) | Speech ECB Taper to Have Ripples From Switzerland to Ivory Coast (W) US Is the 10-Year Treasury Signaling a Recession? (BR) Booming Truck Market Shows the Economy Is Motoring (B) Europe Europe’s Chances for a Wage Boom Look Slim (W) Crisis Deepens as Madrid Moves to Seize Control of Catalan Government (W) Japan Shinzo Abe gains big victory in Japan election (FT) Abe Aims to Change Japan’s Constitution After Election Win (W) China China’s leader Xi Jinping declares the start of a “new era” (E) Emerging How Saudi Arabia Is Building Its $2 Trillion Fund (B) US politics Trump Optimistic on Reaching Tax Plan by Year-End (W) US budget vote provides sorely needed Republican unity (FT) Trump says he supports new top tax rate for wealthy (FT) McConnell Says Hasn’t Given Up on Tax Plan Being Revenue Neutral (B) How Money Managers Plan to Battle 401(k) Cuts in Trump’s Tax Plan (B) Schumer Says Bill to Prop Up Obamacare Has Votes to Pass Senate (B) Trump Plan for Coal, Nuclear Power Draws Fire From Environmental, Oil Groups (W) Tillerson, Cohn Are Free to Leave White House (BR) Geopolitics Tillerson Calls on Europe to Back Latest Sanctions on Iran (B) Cybersecurity Data Breaches: An Artifact of Indifference (BR) Industries & companies Autos: Tesla to Build Factory in China (W) FANGs: How Facebook’s Master Algorithm Powers the Social Network (W) Industrials: GM’s Stock Gets a Charge as It Gears Up to Take On Tesla (W) Tech: Breaking Up Tech (BR) Tech: Investors snap up US tech stocks (FT) Tech: SoftBank Is the Berkshire Hathaway of Technology, Bernstein Says (B) Technology The latest AI can work things out without being taught (E) Offbeat Trump to Allow Release of Classified JFK Documents (W) ‘Wolf of Wall Street’ warns ICOS are ‘biggest scam ever’ (FT)

Oct 21 (Saturday) Markets Bitcoin Breaches $6,000 for the First Time (B) Japan’s SoftBank Plans Second Giant Tech Fund (W) Credit & commodities Bond Traders Wrestle With Two Extremes for the Fed in Powell and Taylor (B) Kobe Steel Finds More Products Shipped With Quality Issues (W) Trash Talk: Price of Recyclables Sinks After China Bans U.S. Scrap (W) Wall Street Goldman Is Pricing Credit Research as Low as $200 Per User (B) Robots Are Winning as AI-Powered ETF Beats the Market, BofA Says (B) Central banks AI offers clues to hawks and doves circling the Fed (FT) How High Could Rates Go if Taylor Becomes Fed Chair? (W) US Housing-Supply Shortage Weighs on Home Sales (W) Drop in Teen Birthrate Helps Drive Decline in Fertility (W) Wisconsin’s Foxconn Deal Highlights How States Dangle Cash as a Lure (W) Europe EU demands ‘firm and concrete’ Brexit divorce offer (FT) Brussels threatens to cut Turkey’s accession funds (FT) US politics GOP Gears Up for Tax Overhaul (W) The Senate passes its budget, clearing a huge hurdle for Trump’s tax plan (BI) Republicans could now unexpectedly try to “steamroll” Trump’s massive tax plan through Congress (BI) Republicans are considering a proposal that would radically change the way you save for retirement (BI) Geopolitics N Korea ‘months’ away from ability to strike US, says CIA (FT) Japan’s Abe Parlays N. Korea Threat Into Favored Electoral Victory (W) Industries & companies Autos: Daimler Earnings Hit as Diesel Scandal Lingers (W) Consumer: Procter & Gamble Puzzled by Weak Consumer Spending (W) Industrials: GE Slashes Outlook, Will Exit Businesses Totaling $20 Billion (W) FANGs: How the FANG Rally May Fade (B) FANGs: US cities shower Amazon with offers of tax breaks (FT) Financials: AmEx Chief’s Mission: Get Millennials, Keep the Rich (W) Financials: Wells Fargo Fires 4, as Woes Spread to Investment Banking (W) Tech: Microsoft Joins the Home-Speaker Party With Invoke (W) Offbeat The World’s Next Environmental Disaster [in India] (W)

Oct 20 (Friday) Markets Dow 23000 Comes 30 Years After Black Monday (W) Beneath the Market Rally: Less Trading (W) Tech Rout Drags Down Emerging Markets Along With Everyone Else (B) BlackRock Doesn’t Want Your ETF Fees…At Least Not Right Away (B) Europe’s Fee-Destroying ETF Revolution (B) Central banks The Only Fed Rule Is That There Are No Fed Rules (B) GOP Divided Over Monetary Policy as Fed Pick Looms (W) Senate Banking Chairman Says Yellen’s Fed Too Slow to Raise Rates (B) Trump met Fed’s Yellen in Fed chair search: White House official (R) The Fed Claims to be Independent. That’s mostly a myth. (N) US U.S. jobless claims hit 44-1/2-year low; mid-Atlantic factories humming (R) Will Seniors’ Spending Catch Up to Their Soaring Optimism? (W) Europe ‘A long way to go’ in German coalition talks, liberal FDP says (R) Spain Poised to Strip Catalonia of Powers (W) Italy’s Renzi pledges to hike budget deficit if he wins election (R) Italians Have Perfected the Art of Waiting It Out (R) China China’s Economic Future Is Bound Up in the Past (W) US politics Senate Republicans Expect to Pass Budget Resolution (W) Changes in Store for Foreign Companies’ Tax Treatment in U.S. (W) Trump’s Support for Health Fix Tied to Conservatives’ ACA Rollbacks (W) Proposed Law Seeks More Disclosure About Online Political Ads (W) Tillerson Vows to Stay On Until He’s ‘No Longer Needed’ by Trump (B) Geopolitics Tillerson Warns China on Trade, Territorial Claims (W) FBI Probes Chinese Businessman Linked to North Korean Trade (W) Industries & companies Airlines: United Tumbles After CEO Leaves Wall Street Skeptical of Turnaround (B) Consumer: Unilever, Nestlé Test Investor Patience With Slower Sales (W) FANGs: Billions in tax breaks offered to Amazon for second headquarters (R) FANGs: Facebook to Test News-Subscription Sign-up (W) FANGs: Apple Watch Hits Cellular Snag in China (W) Retail: Wal-Mart’s Answer to Amazon? Its Own Web Mall (W) Tech: PayPal Posts Stronger-Than-Expected Results on Mobile Growth (W) Technology Reliability Ratings for Electric Cars Get a Boost (W) Offbeat California’s Wildfire Strategy Falls Short on Urban Risk (W)

Oct 19 (Thursday) Markets Dow Hits Another Milestone, But Signs of Caution Loom (W) Treasury secretary: Pass a tax bill or markets will tank (PO) Passive investing defenders make case for ETFs (FT) Hedge Funds Stung by Prospect of Interest-Rate Rises (W) Central banks Bond Market’s ‘Taylor Put’ Signals Traders on Edge Over Fed Pick (B) Fed Officials [Kaplan & Dudley] Warn Against Push for Tax Cuts Over Real Reform (W) ECB plans longer, slower taper to keep lid on euro (FT) US Fed’s Beige Book: Economic Activity Grows Despite Hurricanes (W) Hurricanes Weighed on Housing Starts (W) Most U.S. States Aren’t Prepared For the Next Recession (W) Europe Germany’s Merkel Begins Tricky Three-Way Coalition Talks (W) Japan Coalition partner keeps Abe in power — and in check (FT) China China’s Xi Feeds Expectations for a Lengthy Reign (W) Xi’s Grand Vision for China Prioritizes Party Power Over Reform (B) Who Has the World’s No. 1 Economy? Not the U.S. (B) US politics Mnuchin Says It’s ‘Very Hard Not to Give Tax Cuts to the Wealthy’ (B) Senate Democrats May Force Vote on State Tax Break This Week (B) Republicans face close budget vote ahead of tax push (FT) Deal to Prop Up Obamacare Stalls After Trump’s Mixed Signals (B) Geopolitics & terrorism Clinton: U.S. Threats of North Korea War ‘Dangerous and Shortsighted’ (W) YouTube’s AI tech flags 83% of extremist videos (FT) Cybersecurity McAfee says no code-sharing with security services (FT) Industries & companies Financials: U.S. Bank Profit Shoots Higher, But Questions Linger on Loan Growth (W) Financials: US banks abandon crisis-era taboo of growth (FT) Financials: Insurers Brace for Drop in Enrollment Amid ACA Turmoil (W) Industrials: GE’s New Chief Makes Cuts, Starting With Old Favorites (W) Pharma: Amazon, Anthem, Congress Put Drug Benefits Firms in Hot Spot (B) Pharma: Anthem to Launch Its Own Pharmacy-Benefit Manager (W) Retail: Why Streetwear Brand Supreme Is Worth $1 Billion and Abercrombie Isn’t (W) Tech: BuzzFeed CEO: Google, Facebook Should Share More Revenue (W) Tech: IBM: Big Blue Coming Out of the Red (W) Technology Machines Took Over the Stock Market. Next Up, Bonds (W) Robots Are Coming for These Wall Street Jobs (B) This Company’s Robots Are Making Everything—and Reshaping the World (B) Protecting Against AI’s Existential Threat (W) Computer teaches itself to be world’s best Go player (FT) Offbeat Ecstasy Goes From Club Drug to Possible PTSD Treatment (W)

Oct 18 (Wednesday) Markets Dow Industrials Cross 23000 for First Time (W) How big is the risk of another Black Monday crash? (FT) It’s time to think about active money management again (BI) Trump-Inspired Political Funds Bring Active Twist to ETF Market (B) An obscure company is ground zero for the biggest debate in the stock market [ETFs] (BI) Cryptocurrency Wall Street’s dismissal of bitcoin becoming harder (FT) Goldman Sachs Says Gold Is Better Than Bitcoin (B) Goldman and Google Are Among the Most Active Blockchain Investors (B) What Is an ICO Anyway? A Few Theories (B) Central banks Trump Plans to Pick Next Fed Chair Before Nov. 3 Asia Trip (B) Trump Narrows Fed Leader Search to Five Candidates (W) The Bank of Japan’s Stealth Taper Is Back (W) Bernanke: Temporary price-level targeting: An alternative framework for monetary policy (Brookings) US U.S. Industrial Production Rose Modestly in September (W) China How China’s Financial Cracks Could Spread (W) Xi Jinping’s Power Plays Set the Stage for a Long Encore (W) Alibaba’s Tsai: Beijing Doesn’t Have Unlimited Access to Chinese Corporate Data (W) US politics Senators Say They’ve Reached Bipartisan Deal to Prop Up Obamacare (B) Trump Warns McCain: ‘I Fight Back’ (W) Trump’s Pick for Drug Czar Withdraws Name (W) Geopolitics North Korea Warns That Nuclear War Could ‘Break Out Any Moment’ (B) Nafta Deadlock Forces Ministers to Extend Talks Into 2018 (B) Industries & companies Aerospace: Airbus Secures Canadian Wingman in Dogfight With Boeing (W) FANGs: Amazon Wants to Install Lockers in Your Apartment Building’s Lobby (B) FANGs: Amazon is adding 1 million square feet of warehouse space a week (BI) FANGs: Google Serves Fake News Ads in an Unlikely Place: Fact-Checking Sites (N) Financials: Morgan Stanley’s Earnings Rise on Strength in Wealth Management (W) Financials: Goldman Sachs Had Good Earnings, but It Could Learn From Morgan Stanley (N) Insurance: UnitedHealth Revenue Grows Despite ACA Exit (W) Retail: Wal-Mart Sees ‘Second-Mover Advantage’ in E-Commerce (W) Tech: Facebook just bought tbh, an app teens are obsessed with that’s at the top of the App Store (BI) Tech: Barry Diller Says Tech Giants ‘Inevitably’ Will Face More Regulation (W) Corporate finance Uber Likely to Reach a Deal With SoftBank in One Week (W) SoftBank Creates Venture to Buy 8,000 Cellular Sites Across U.S. (W) Impax Labs, Amneal Pharma Agree to Merge (W) Technology GM to test self-driving cars in New York City (FT) Offbeat George Soros Transfers Billions to Open Society Foundations (N)