Details are trickling in on the tentative Brexit agreement reached between UK and EU negotiators this week, just 14 days ahead of the Halloween departure deadline. A massive sticking point here remains the British parliament, in which PM Johnson does not, at this time, have the votes he needs to guarantee approval – NYTimes and WSJ and Bloomberg
Streetwise on why a confirmed Brexit deal—much like a US/China trade deal—is far from a panacea for troubled global markets – WSJ
We also have a clearer picture this morning of what the UAW and GM agreed on this week, and it includes “wage increases and a formula for allowing temporary workers to become full-time employees.” It does not, however, including saving three of four GM plants recently idled. Workers will continue to stay off the job until at least October 25th, when they finish voting on the deal – NYTimes and Bloomberg
E-cigarette giant Juul Labs is temporarily halting online sales of its flavored vaping products, extending the ban it put in place for brick-and-mortar retail locations “as public outrage mounted over the soaring rate of teenage vaping.” The suspension doesn’t apply to menthol or mint flavors – NYTimes and WSJ
Saudi Aramco has again delayed the launch “of what is expected to be the world’s largest initial public offering” as part of a last-minute decision that will likely push the IPO from October 20 to December or January at the earliest – WSJ and Bloomberg
Under the mantle of protecting free expression in all its forms, Zuck announced that Facebook won’t be policing political speech or fact-checking political ads heading into the 2020 election in a Thursday speech at Georgetown that drew immediate criticism for its laissez faire approach to truth – NYTimes and WSJ and Bloomberg and Marketplace
Former Credit Suisse banker Andrew Pearse told a NY federal jury this week that “he alone pocketed at least $45 million in a massive kickback scheme” related to companies in Mozambique, and he named other former bank employees who enriched themselves along the way, too – Bloomberg
National law firm Greenberg Traurig is paying $65 million to resolve claims “related to its alleged involvement in a $7 billion scheme run by convicted Ponzi scammer R. Allen Stanford”—namely, that the work it did for Stanford in the 1990s “laid the groundwork for the scam” – Law360
The San Francisco Fed is making waves with its latest collection of white papers published yesterday that warns of dire financial consequences of climate change, especially as a result of intensifying severe weather events – NYTimes
As part of an outreach effort targeting a younger set, Charles Schwab is moving to allow investors to “buy and sell fractions of shares in coming months”—a move that “would be the first by a major online brokerage” to do so – WSJ
Need some weekend couch-surfing inspiration? Here’s Netflix’s top-10 movie and TV show list (originals only) for the past year. Perhaps it’s time to see what all the fuss is about – NYTimes
Have a good weekend.
