The Upshot has taken a close look at the Fed minutes released yesterday and has found a “new framework” wanting [though not necessarily for lack of trying] – NYTimes

Cisco’s axing 5,500—fully 7% of its total workforce—as it reacts to a shifting market that is favoring “software over hardware” – WSJ and Bloomberg

A SDNY jury has found former JPMorgan banker Sean Stewart guilty of insider trading based on allegations that Stewart was leaking confidential information about health care company mergers to his dad – Law360 and WSJ

Bloomberg gives us a new take on Uber’s actual worth via NYU equity valuation expert Aswath Damodaran – Bloomberg

Avant, an online lender, is going well beyond that (percentage-wise, at least)—cutting 30% of its staff (220) through buyout offers – WSJ

Not the best week for hedge funds, but those in the UK will take some comfort in the report that thus far they’ve managed to weather the Brexit storm relatively well – NYTimes

Gannett’s not giving up on tronc – WSJ

Here’s the latest from PwC’s jury trial in Miami in which it’s facing allegations that it “failed to effectively audit Colonial Bank’s parent company and should have detected the fraud” that led to the bank’s collapse – Law360

You get the feeling that Darwin’s giving a quiet nod from somewhere, as U of Chicago researches have announced the results of research linking human hands to fish fins—an important step in helping explain how our ancestors left the water for land – NYTimes