Your daily dose of financial news - The Brief – 8.17.16

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Billionaire hedge-fund manager Steven Cohen (he, formerly of SAC Capital Advisors) has agreed to be barred from commodities trading until 2018 under the terms of a settlement announced by the CFTC yesterday – NYTimes and WSJ

While we’re talking hedge funders, firms Brevan Howard and Tudor are working on an awfully difficult week – WSJ

In a bit of a surprise, Univision’s $135 million offer appears to be the winner in the lottery for the Hulk-Hogan/Peter Thiel-induced newly bankrupt Gawker Media – NYTimes and WSJ and Bloomberg

Day-after analysis of the Neuromama trading halt [2 years in the making] – WSJ

MetLife’s taking it’s “we’re not SIFI!” argument on the road (okay, same building, different floor), asking the DC Circuit to uphold the district court’s ruling that it’s not systemically important – Law360

Ford’s drawing a line in the sand for its own fleet of driverless cars (a line 5 years away, but a line nonetheless) – NYTimes and WSJ and Bloomberg

Here’s the inside scoop on an interesting piece of House legislation that would make bankruptcy for banks a possibility—a measure that would allow troubled bank reorganization (stopping it from damaging the economy) without the need for a bailout.  In theory.  [More than a little tweaking needed] – NYTimes

The Fed’s July meeting minutes are out today – WSJ

Olympic spirit? Alive and well? Check and check – HuffPo

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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