Your daily dose of financial news The Brief – 4.8.16

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The Deal Professor looks back on a wild week of “deal busting” that saw the government [often in the form of Treasury Secretary Jack Lew] put the hurt on Pfizer/Allergan and Halliburton/Baker Hughes alike – NYTimes

[Oh yeah, and more regs are coming – WSJ]

Talk about your powerhouse economic panel.  Try Fed Chair Yellen and her 3 living predecessors: Bernanke, Greenspan, and Volcker—the shapers of the American economy for the past 36 years – NYTimes and WSJ

A drop in bond yields and rise in the yen vs. the dollar suggest trouble ahead for markets despite the recent few weeks of good news – WSJ

The Yahoo bidding war is about to turn hot, and Verizon appears to be firing the first shots – Bloomberg

Next up in Starboard’s activist checklist: DepoMed, a “specialty pharmaceutical company” in which Starboard’s built a 9.8% stake – NYTimes

It’s the Journal’s turn for a deeper dive into the fall from grace of “Wall Street Scion” Andrew Caspersen – WSJ

With MetLife’s de-SIFIcation ruling now unsealed, we’re learning more about why DC Federal District Court Judge Rosemary Collyer sided with the insurance giant over federal regulators – NYTimes and WSJ and Law360

Neel Kashkari’s “break up the banks” rhetoric has found the new Mpls Fed president a natural nemesis: JPM’s Jamie Dimon – NYTimes and WSJ

Don’t call it a comeback [seriously, it’s WAY too soon for that], but Valeant’s posted its best 3-day run (up 36%) in 20 years – Bloomberg

It’s time for another rite of spring, as the Masters kicked off yesterday at Augusta National. Last year’s winner, Jordan Spieth, took the first day lead despite a rough start to his 2016 season.  Can he wire-to-wire it for two in a row?  Stay tuned – NYTimes

Though on the periphery of the Star Wars canon (at least as far as the mainstream feature films are  concerned), the Rogue One trailer that dropped yesterday brought with it some serious buzz – YouTube

Have a great 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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