New FCC Chair Ajit Pai is wasting little time in reversing Obama-era regulatory efforts meant to restrict media firms and telecomm companies, and he’s got his sights set on net neutrality next – NYTimes

“Dodd-Frank” 2.0 (the “long-awaited Republic rewrite” of the landmark post-crisis financial regulatory scheme) is reportedly set for unveiling next week in the form of the Financial CHOICE Act of 2017 – Law360

Not only did cybersecurity startup Tanium Inc. expose customer data to outsiders, but it did so as part of sales pitches that helped it achieve a $3.5 billion valuation. Far from ideal behavior from a CYBERSECURITY COMPANY – WSJ and Bloomberg

Breakingviews gives us the tale of the divergent Q1 fortunes of two Wall Street heavyweights—Goldman Sachs and Morgan Stanley – NYTimes [and WSJ]

The OCC took a long hard look in the mirror yesterday and didn’t particularly like what it saw, finding that its oversight of Wells Fargo was not “timely and effective” – WSJ and Law360 and NYTimes

We highlighted the booming Chinese shadow banking industry yesterday.  Today we look at the risks associated with that whole “shadow” label – NYTimes

A California federal judge has cleared the way for indirect purchasers of Theranos shares to sue the company for securities fraud, with the investment firms that brokered the purchases potentially behind the eight-ball as well – Law360

The melting Arctic ice sheet is a story about way more than climate change. We’re talking oil, economics, humanity, science, politics, borders, and Russia (for starters).  Read on to see how this tale comes together – Bloomberg