Your daily dose of financial news - The Brief – 8.2.16

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A day-after assessment of the Uber/Didi deal through the lens of another yet tech giant who’s failed to overcome the many obstacles of establishing a meaningful presence in China – NYTimes and WSJ and Bloomberg

The Times gives us a pretty remarkable look (with pictures!) at the vast reach of Private Equity into areas of our lives we’ve probably never suspected.  All a reality of the post-crisis economic world – NYTimes

Japan’s unveiled a massive new stimulus package that will include $45 billion in extra spending over the next 5 months – Bloomberg

More on the pressure big banks are feeling to get a piece of the instant payment market after falling way behind to start-ups – NYTimes

Microsoft’s third-largest US corporate bond sale of the year helped it rake in $19.75 billion, only reinforcing the global demand for US corporate debt as government bonds go negative – Bloomberg

Andrew Ross Sorkin offers up this hot take on Bill Ackman and his longstanding short on Herbalife: maybe he’s been right all along? – NYTimes

In a post-forking landscape, it’s all about Ethereum Classic vs. [New] Ethereum.  Which one wins will have a to say about the future of the digital currency (and others like it) – WSJ

Here’s a handy guide to the rule changes the SEC has undertaken in an effort to level the playing field [at least a little] in its in-house court system – Law360

Oracle’s recent acquisition of NetSuite—as some were pointing out as the deal was announced—is likely deeply connected to its commitment to data-heavy cloud computing (and the valuable analysis that it can yield) – NYTimes

We’ll give Elizabeth Holmes this—she and Theranos are apparently not going down without a fight [see, e.g., the miniLab] – NYTimes and WSJ

Odds are awfully good you won’t be seeing much of Russia in Rio.  So here’s a little taste of what they do best (no doping necessary) – Deadspin

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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