New figures coinciding with last week’s banner jobs report showed that employers “once again posted a record number of job openings in June,” (some 10.1 million, up from 9.5 million in May), but they also saw companies making at least some progress in filing them - NYTimes and WSJ and Bloomberg
Senate leadership laid out a path for a vote this week on a long-awaited $1 trillion bipartisan infrastructure package, the “product of weeks of intense negotiations” - NYTimes
Canadian Pacific is taking another swing at its bid to take over the Kansas City Southern railway, with CanPac’s board meeting on Monday to authorize a new, juiced-up offer for KC Southern. If greenlighted, the play would “reignit[e] a takeover battle with Canadian National Railway Co. for the U.S. railroad” - WSJ
Lee Jae-young, Samsung’s embattled de facto leader imprisoned for bribery nearly a year ago, is set to be released this week ahead of South Korea’s official August 15 National Liberation Day. It is “unclear how actively Mr. Lee” can be involved with the management of Samsung following his parole, especially in light of a 5-year ban on returning to work associated with his earlier sentence - NYTimes and WSJ
Oil prices are the latest victim of economic uncertainty accompanying the rise of the Delta variant around the globe. U.S. Crude hit its lowest price in months on Monday (and “12% below a recent multiyear high from mid-July”), with investors “particularly concerned about tumbling demand in China” based on new widespread cancellations by government officials - WSJ and MarketWatch
Monsanto parent Bayer AG has lost yet another appeal of a verdict against the herbicide maker over allegations that it caused cancer—the company’s “third consecutive appeals court loss of the case that have gone to trial.” In this case, the California appeals court left intact the nearly $87 million reduced-award against the company - Bloomberg
Fintech giant Plaid has agreed to pay just shy of $60 million to end a proposed class action “accusing the financial services company of unlawfully accessing the personal banking data of users of popular apps like Venmo and Coinbase without their consent” – Law360
Shared office space startup WeWork and commercial real estate powerhouse Cushman & Wakefield are in talks to create a “$150 million partnership to navigate the new world of remote working and flexible workplaces” - WSJ and Marketplace
A driving force behind WeWork’s success in recent years—SoftBank—was out with its Q2 profit report earlier today, and while the nearly $7 billion figure surely impressed, it also told a tale of coming uncertainty thanks largely to the “impact of Beijing’s tightening regulatory grip” - NYTimes and WSJ and Bloomberg
Thoughts on a path forward for the Fed, as the central bank works to achieve tapering without the tantrum - Bloomberg
A reinvigorated travel industry is prompting car rental company Hertz to announce plans to “relist on a major stock exchange by the end of 2021.” The relisting would mark quite the turnaround for Hertz, which only recently emerged from bankruptcy protection after a brutal Covid year in 2020. Hertz posted sales of $1.87 billion in Q2 2021 - WSJ
Times journalists tasked with covering one of their weirder Olympics in modern memory have offered up these reflections on the past two weeks in Tokyo now that the summer games of the 32nd Olympiad have closed - NYTimes
Stay safe, and get vaxxed,
MDR
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