Your daily dose of financial news The Brief – 5.6.16

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And just as quickly as he was back on the scene, now he’s gone.  With a wipe of the evidence purporting to show he invented Bitcoin and a new post entitled “I’m sorry,” Craig Steven Wright appears poised to fade back into the shadows – NYTimes and WSJ

Jobs report Friday.  Early indication is that American employment keeps chugging right along – Bloomberg

Days after a group of banks agreed to pay $324 million to resolve allegations that they “rigged a benchmark interest rate used to set terms for swaps transactions,” many have been named as part of a putative antitrust class action in Chicago for allegedly “conspiring to dominate the market for interest rate swaps” – Law360

Remember how I said that the financial industry was none too pleased with the CFPB’s new anti-arbitration provision?  Well, that was definitely too tame a characterization – WSJ

More regulatory fallout driven by the Panama Papers, as the White House yesterday adopted a rule that “would require financial institutions to identify the true owners of the companies they do business with” – WSJ

Despite slowing growth in China, Alibaba managed to wring out a 39% increase in sales in the fourth quarter (a whopping $3.75 billion) – NYTimes

Sanofi’s not satisfied with Medivation’s refusal to engage in takeover discussions, and Medivation’s Board may be feeling the heat soon – WSJ

Perhaps my favorite new “blame the millennials” story.  They’ve killed running, you see  [shouldn’t we really be blaming their boomer parents for this?] – WSJ

Taking “it tastes like chicken” and “finger lickin’ good” to a whole new [“gross/intriguing,” according to Racked.com] level – NYTimes

Have a good weekend.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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