We now know what all of that law-enforcement activity around Caterpillar HQ in past weeks. A government report out this week reveals that investigators are targeting CAT for tax and accounting fraud, though no charges have been filed at this time – NYTimes and Marketplace

A deep dive into the “family office,” an increasingly popular way for mega-wealthy families (think Perots or Pritzkers) to protect and grow family fortunes—more often through direct investment in private equity, venture capital, and real estate than ever before – WSJ

SoftBank’s mixing things up. Instead of more acquiring, the Japanese telecomm giant’s decided to unload a 25 percent stake in ARM Holdings—a semiconductor designer it bought last year for $32 billion – NYTimes and WSJ

Treasury yields topped out at near 2.6 percent on good news from a US private-sector jobs report and a strong German report on industrial production there – WSJ

Here’s what BBG thinks it means – Bloomberg

Some Law360 Analysis on the path forward for a House bill that could erect significant procedural hurdles for plaintiffs seeking to bring class actions against banks and other financial firms – Law360

Past Sullivan & Cromwell work for Russian and Iran threatens to make confirmation proceedings for SEC nominee (and current Sullivan partner) Jay Clayton a bit more interesting than once anticipated – NYTimes and Bloomberg and Law360

The Times’ tech columnist on how Snap is relying on “Pics or it didn’t happen” as a key business model selling point – NYTimes

Thursday morning’s as good a time as any for a “significance in the cosmic scheme of things” check, right?  Scientists have announced the discovery of the oldest known dust [in the form of tiny grains of carbon, silicon, and aluminum], which has made its way to us after a journey of 13.2 billion years from a galaxy about 30 billion light-years away – NYTimes

Also, for good measure, let me introduce you to “time crystals” – WSJ