Your daily dose of financial news The Brief – 1.26.16

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Quick recap: another Monday, another rough start to a trading week in what’s turned into an ugly pattern for the year – WSJ

Which, coupled with more pessimism about the Chinese economy, helped drive stocks down in Asia today, which set the ball rolling globally, which is sending Wall Street futures down . . . .  You get the picture.  We’re at it again – NYTimes

Those Tyco/Johnson Controls merger talks, complete with the official relocation of the latter’s corporate citizenship to Dublin, have helped pique an interest for Dealbook’s Andrew Ross Sorkin in the ongoing spate of tax inversions and the legislation still needed to “thwart this steady corporate migration” – NYTimes

Breakingviews speculates that the recent executive revolving door at Twitter may prompt attempts at a takeover – NYTimes

JPMorgan has agreed to pay $1.42 billion to resolve a “significant portion” of the claims by Lehman’s trustee that JPM “illegally siphoned billions of dollars from Lehman before its collapse.”  The deal comes after a federal judge ruled last fall that JPM “didn’t abuse its leverage as Lehman’s primary clearing bank” to force the troubled investment bank to pony up more collateral in the weeks  before its September 2008 collapse – WSJ and Law360

The Deal Professor puts on his con law hat to explore how pharma villain Martin Shkreli can invoke the 5th Amendment to keep from talking to Congress  while taking to social media to defend himself.   It’s all about taking an oath, you see, which YouTube and Twitter very conveniently don’t demand – NYTimes

Turns out, however, that disclosing that Shkreli’s former firm, Turing Pharmaceuticals, is under an FTC investigation for possible antitrust violations doesn’t fall within that protected realm – Law360

A Bank of Internet shareholder has filed a derivative suit accusing the Bank’s parent company of taking in “millions of dollars from insider trades and artificially inflat[ing] the company’s stock value by breaking federal banking regulations.”  – Law360

Changes in Treasury bond sales, prompted by the lowest US budget deficit since 2007 and the need for more liquidity in T-bills, are afoot at the Treasury Department—especially for long-term notes – WSJ

Forget Congressional efforts to increase oversight or remove funding—one of the Consumer Financial Protection Bureau’s biggest challenges: its age (especially when trying to punish a company retroactively for offenses that allegedly predated the CFPB’s existence by years) – WSJ

A bit of economic modeling on a Tuesday—mostly just to assure ourselves that the economy’s really not as bad as it appears – Bloomberg

And while we’re at it, why not take a crack at modeling for a dozen countries in a trade pact that covers 1/3 of all global trade.  Piece of cake, no?  [Umm, no.  But a Brandeis professor is taking at it anyway with the TPP] For the US, the 15-year forecast is increased real incomes but not necessarily more jobs – Marketplace

Diet, exercise, a good night’s sleep , and knitting, of course.  Your recipe for health in 2016 – NYTimes

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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