Call it the Loeb effect: just days after Third Point announced its sizeable stake in Nestle, the company is preparing to spend billions on stock buybacks in an effort to create value for shareholders, hinting that it would consider a range of acquisitions—from coffee to pet care to consumer health care – NYTimes and WSJ

A look behind the curtain of the Sprint/Charter/Comcast negotiations, including the cable giants’ aggressive push into wireless – NYTimes

And why the “ailing wireless industry” is welcoming the attention – WSJ

In a case to keep an eye on in our world, the Supreme Court accepted cert this week on a petition to review whether “state courts have jurisdiction to hear investor suits over securities offerings,” an issue that’s been unclear under the Securities Litigation Uniform Standards Act of 1998 and has divided lower courts – Law360

The Pharma Bro’s trial hasn’t even hit opening statements yet, but the circus is definitely in town already – Bloomberg and Law360

Puerto Rico’s in the midst of a well-documented debt crisis.  Recently, we learned that the USVI are in trouble, too. But no need to head to the islands for financial trouble when Illinois (and its $14.6 billion backlog of unpaid state bills) is staring you straight in the face – WSJ and ZeroHedge

Bloomberg View considers the legal drama facing Bill Ackman (and co-defendant Valeant) over Valeant’s 2014 attempted takeover of Allergan—a scheme that saw Ackman take a toehold in Allergan and ultimately netted him $2.2 billion in profit. The question is whether Ackman was illegally front-running based on what he knew about Valeant’s plans for Allergan, and the case may turn on just how hostile Valeant’s takeover plans for Allergan really were – Bloomberg

Milkshake Duck has made it into the Times, so its life as a meme with any cache is probably close to over.  Here’s what it’s all about – NYTimes