Qualcomm is reportedly set to acquire NXP Semiconductors for just shy of $40 billion in a deal that would help Qualcomm move beyond smartphone chips and into the broader internet of things – NYTimes and Bloomberg

The deal has helped push October 2016 into the lead as the biggest M&A month ever for US companies – WSJ

Next up could be CenturyLink and Level 3 Communications [WSJ] and/or General Electric and Baker Hughes – WSJ

The Upshot weighs in on the likelihood of a recession for whomever takes office next January – NYTimes

US Treasury yields heading toward 1.9 percent?  Talk of inflation heating up?  Why, it’s almost as if the UK didn’t vote to leave the EU – WSJ

PE heavyweight Carlyle Group is the latest in a string of big-time investors (public pension funds, insurance companies, etc.) turning its back on hedge funds and has decided to focus more on direct lending – NYTimes

The SEC’s asking some hard questions about companies leaning too hard on adjusted earnings measures as a way to goose their performance numbers – WSJ

If you’re an 80s kid like I am, this mash-up of nouveau-80s-nostalgia [Stranger Things] and actual-80s-pop-culture [the Peanuts holiday specials] is right in your wheelhouse – OnlyLeigh

Have a great weekend.