Yield Curve, Takeda and Shire, Mueller Probe: CEO Daily for December 5, 2018



Yield Curve

Yesterday on Wall Street was even tougher than expected—the Dow fell by almost 800 points, as people fretted not only about ambiguities in the U.S.-China trade truce, but also about an inverted yield curve between three- and five-year bonds. Yield curve inversions almost always presage a recession in the U.S. As for today, thus far Asian and European markets have slipped a little. Fortune

Takeda and Shire

Takeda’s shareholders have finally agreed to the issuance of new stock to finance the $58.3 billion takeover of Ireland’s Shire. The deal will make the Japanese drugmaker one of the top 10 globally, by revenue, and give it expertise in rare diseases such as hemophilia. Nikkei

Mueller Probe

Looks like former national security advisor Michael Flynn will be getting no jail time, or at least very little, for his cooperation with Special Counsel Robert Mueller and his team. Flynn helped out with the long-running Mueller probe into contacts between the Trump campaign team and the Russians, and with another, unspecific criminal investigation. CNBC

Les Moonves

A report into the Les Moonves allegations, prepared for CBS by outside lawyers, showed the company’s former CEO tried to cover up allegations about his sexual harassment, and top executives and even board members did nothing to stop him. New York Times



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