A groundbreaking move by Calpers—California’s state pension fund—to disclose how much money it’s made from and paid to private equity funds ($24.2 billion and $3.4 billion, respectively, since 1990) may help pave the way for increased transparency in the PE world – NYTimes and Bloomberg
I suppose a $160+ billion deal merits some staying power. Yet more coverage of the Pfizer/Allergan deal, hitting on what it may mean for the future of taxing multinational corporations, its delay of an anticipated split at Pfizer (Global Innovative and Global Established), the termination penalties each company would pay if the deal falls through (a sort of corporate prenup), and the Deal Professor’s suggestion that there’s an awful lot of silliness going on for the kind of money being thrown around – NYTimes
The Commodity Futures Trading Commission (CFTC) yesterday rolled out new plans to regulate automated trading on the futures market in an effort to “curb the risks that computerized trading poses to the financial system.” The CFTC estimates that more than 70% of futures market trading is automated – Law360
A little young upstart vs. old titans logomachy this week, as Brad Katsuyama’s IEX and NYSE & Nasdaq trade barbs over IEX’s attempt to become a fully-fledged stock exchange – WSJ and Law360
Helped along by revised-up Q3 growth numbers, the US economy is looking to close out 2015 at around 2.5% growth, if all goes according to plan—a “tepid pace” that has prompted a “tortoise recovery” label – NYTimes
The latest Fed word-choice obsession? “Gradual” – Bloomberg
A “comic-drama” about the subprime mortgage collapse from the writer of “Anchorman” adapting Michael Lewis’ “The Big Short”? Sure. Why not – NYTimes
The Cold War helped propel the US to the Moon. So where might the battle of billionaires Jeff Bezos and Elon Musk (and their Blue Origin and SpaceX, respectively) take us? The results aren’t there yet, but the tension sure us – Bloomberg
A rather surprising look at the biggest US Thanksgiving destinations (hey, Miami and Las Vegas), courtesy of the Upshot’s handy analysis of Google Flights search data – NYTimes
John Oliver: not thankful for pennies, the coins “not even worth what they’re worth” – Last Week Tonight
Have a great Thanksgiving. We’ll be back at it on Monday.
