EU regulatory officials have fined chipmaker Qualcomm $1.2 billion after a 2-year investigation into anti-competition allegations involving payments made to Apple – NYTimes and WSJ and Bloomberg
Andrew Ross Sorkin breaks down Elon Musk’s recently announced “all or nothing” deal to stay on at the helm of Tesla for another decade. That plan, you ask? Unless the company under Musk reaches a “series of jaw-dropping milestones based on the company’s market value and operations,” he gets paid nothing – NYTimes and WSJ and Bloomberg
Manufacturers are debating the impact of steep new tariffs the White House has placed on imported solar panels and washing machines, with some in those industries fearing that the move will start a trade war without providing the promised jump-start to U.S. manufacturing and jobs – WSJ and Bloomberg
With our own job market humming along rather nicely, we’re able to cast an eye across the Atlantic and check in on the early impact of President Macron’s radical labor overhaul, all part of his plan to “revive growth” and steer France toward a “Scandinavian-style economic model known as ‘flexible security.’” So far, it’s looking like more flexibility and less security—for workers, at least – NYTimes
FDIC chair nominee Jelena McWilliams is officially on the record in support of the specialty bank charter that fintech firms have coveted in their bid for more lending capacity – Law360
Also on the Hill, the Senate made it official yesterday: Jerome Powell is the new Fed chair – Law360
Following the unexpected passing of former CEO Hunter Harrison, rail giant CSX’s board will now require future CEOs to submit to an annual physical that will be made available for board review – WSJ
Former Goldman Sachs i-banker and NFL CFO Anthony Noto is leaving his role as Twitter COO to take the helm at SoFi – NYTimes and WSJ and Bloomberg
Kimberly Clark is blaming a drop in birth rates and price pressures for its decision to drop at least 5,000 jobs—roughly 13% of its global workforce—in an effort to cut costs – WSJ and MarketWatch
The Journal, however, reminds us that consumer brands like K-C and rival P&G “can’t cut their way to growth” – WSJ
The impending Big Game has brought a bit of attention to the North—not all of it accurate, unfortunately—including a look at the development boom prompted by US Bank Stadium – NYTimes
