Here’s a selection of stories worth reading today:
Funds running out of time to prep for MiFID: Fund Managers Aren’t Prepared for MiFID “Best Execution” Rules (Bloomberg)
It’s Brexit Stupid. Stating the obvious, Top EU Official Says Britain Was “Stupid” For Voting for Brexit (Bloomberg)
Big Business is Trying to Convince Congress to Save the “Dreamers” from Trump. Mike Bloomberg is leading a national business coalition of more than 100 corporate and conservative leaders to act on immigration. (Washington Post)
Global investors still seem to be shrugging off the threat of Kim Jong-un pressing the red button. What does North Korea’s Nuclear Threat Mean for Financial Markets? (Telegraph)
Fewer non-bank financial institutions likely to be designated “too big to fail”. “Too Big to Fail” Label May Shrink for Some Firms Under Trump (New York Times)
In the award-winning excuse category, New York Governor Andrew Cuomo explains he won’t endorse Mayor de Blasio in the upcoming Democratic primary because “I don’t vote in the election. I’m a Westchester resident.” Governor Cuomo Explains Reasoning for Not Endorsing Mayor de Blasio (New York Daily News)
Most Emailed on the Terminal (Last Day):
Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal (Bloomberg)
Tweet of the Day:
@elonmusk China, Russia, soon all countries w strong computer science. Competition for AI superiority at national level most likely cause of WW3 imo.
Thanks for reading!