GE has ousted CEO John Flannery, just over a year into his tenure, and replaced him with former Danaher Corp. CEO Larry Culp – CNBC and BusinessWire
Though he was apparently ready to go with his “verbal agreement with the Saudis” defense, Elon Musk capitulated to pressure “from his lawyers and investors of Tesla” and agreed to resolve all SEC allegations of wrongdoing, just days after the agency filed suit against the Tesla co-founder. Musk will pay $20 million (as will the company) and relinquish his Chairman role for 3 years as part of the deal – NYTimes and WSJ and Bloomberg and MarketWatch and Law360
Facebook dropped some big-story Friday afternoon news last week, disclosing that a cyberattack and security flaw had exposed information from approximately 50 million of its users – NYTimes and WSJ and Bloomberg and Law360
So, hello GDPR, right Mark? – WSJ
With that in mind, worth noting that US banks have “seen an uptick in attempted cyberattacks in recent weeks,” and federal officials have told these banks to be extra vigilant as hackers appear to be probing the banks’ networks for weaknesses – WSJ
The US and Canada burnt some weekend midnight oil as they managed to reach an initial deal to rewrite Nafta ahead of last night’s US-imposed deadline to do so. Here’s a quick recap of the furious action – WSJ and Bloomberg and NYTimes
A bit of Fed. R. Civ. Procedural drama (in the form of a document-authenticating witness admitting that he signed an untrue declaration) is throwing a wrench in the government’s Libor-rigging case against two former Deutsche Bank traders – Law360
We’re keeping a watchful eye on the US housing market, which is starting to slow—even in the country’s hottest markets—as buyers appear to be “reaching a breaking point after years of breakneck price increases that far exceeded income gains” – NYTimes
Now that its high-profile battle with activist investor Nelson Peltz is in the rear view, P&G is facing a new and consequential challenge: moving past stagnation, rising material costs, and its own bureaucracy to chart a course forward – WSJ
Our periodic check-in with the UK as official Brexit looms (now just 6 months away), and, well, it’s anything but smooth sailing for PM May, her Tory party, and much of her country – NYTimes and WSJ
California is following the lead of several European nations and will now mandate improved gender equity on the boards of its in-state-based publicly traded companies. That means that 165 of its companies without a female director must find one or more by the end of 2019 – Bloomberg and NYTimes
Saudi Arabia has put a $200 billion SoftBank-driven plan to build the world’s biggest solar-power-generation project on hold, a “setback to another eye-catching transformation project in the kingdom” – WSJ
LendingClub founder Renaud Laplanche, a leading fintech figure who resigned in 2016, reached a deal with federal regulators last week over allegations that he “had fraudulently inflated his company’s returns” to make his company look healthier than it really was – NYTimes and Law360
Bloomberg gave us this interesting weekend read on why pot and cryptos are the “perfect post-crisis bubbles.” Hint, it has a lot to do with pessimism, distrust of the status quo, and a healthy dash of counterculture for good measure – Bloomberg
Some cutting edge 3-D laser mapping technology known as lidar has revealed a previously unknown Maya settlement in Guatemala that features more than 61,000 structures hiding under tropical vegetation – NYTimes
