- North Korea Missile Launch Shows Ability to Reach D.C. (WSJ)
- Senate Republicans shove tax bill ahead as Democrats fume (Reuters)
- British negotiators still working on Brexit deal: Treasury minister (Reuters)
- Trump Retweets Anti-Muslim Videos From Far-Right U.K. Group (BBG)
- Bitcoin Futures Provoke Pushback From Market Cops (BBG)
- Saudis Free Detainees in Sign of Resolutions in Crackdown (WSJ)
- Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stiglitz Says (BBG)
- Build fast, fix later: speed hurts quality at Tesla, some workers say (Reuters)
- EU's Barnier: No agreement yet on Brexit bill, Irish border (Reuters)
- Opponents of GOP Tax Bill Find a Rich Target in Trump (WSJ)
- U.S. Supreme Court weighs major digital privacy case (Reuters)
- Forget Robots: Bad Public Policies Could Be Bigger Job Killers (WSJ)
- The End of the U.S. Housing Shortage Is Finally in Sight (BBG)
- Strange Bedfellows: Democrats and Trump Blow Up 20-Year Consensus on Trade (WSJ)
- EU's Barnier: No agreement yet on Brexit bill, Irish border (Reuters)
- Short Sellers Are Lining Up at Shake Shack (BBG)
- House GOP to Propose Sweeping Changes to Higher Education (WSJ)
- Uber Ex-Employee Alleges Covert Tactics to Steal Secrets (WSJ)
Overnight Media Digest
WSJ
- Bitcoin crossed the $10,000 mark for the first time in its nine-year history, the latest burst in a rally that has transformed the virtual currency from a curiosity to a hot topic for mainstream investors.
(on.wsj.com/2j2BgHN)- AT&T Inc and Time Warner Inc said an explosion of online programming has spawned a "golden age for television—and for consumers," in its first court filing countering government claims that their planned merger would stymie competition and hurt customers. (on.wsj.com/2j1VP77)
- Uber Technologies Inc had a team dedicated to stealing trade secrets and helped employees dodge regulators' scrutiny, according to allegations from a former employee that are generating the latest in a string of controversies to beset the ride-hailing firm. (on.wsj.com/2j16C1i)
- North Korea said Wednesday that it fired a brand-new intercontinental ballistic missile into the waters off Japan, ending a more than two-month hiatus by Pyongyang and threatening to ramp up tensions with the U.S. and in the region. (on.wsj.com/2j2ar6s)
- Siemens AG, the German engineering conglomerate, is readying the listing of a big chunk of its health-care business, estimated to be worth up to $47 billion. (on.wsj.com/2j1fm7R)
- British movie theater operator Cineworld Group Plc has made an offer for American counterpart Regal Entertainment Group, Regal confirmed Tuesday afternoon. (on.wsj.com/2j19efC)
- After making multiple offers to buy Rockwell Automation Inc, Emerson Electric Co said Tuesday it was rescinding its offer because of the target company's board's "unwillingness to engage in discussions." (on.wsj.com/2j1hMmG)
FT
Nomura Holdings Inc will inject 100 billion yen ($895.6 million) into a new business the financial services provider says will provide funding for corporate restructuring and management buyouts.
Bank of England governor Mark Carney has pushed back on a call to intervene in a governance crisis at the London Stock Exchange Group, where an activist investor is trying to force out the chairman and extend the contract of its chief executive.
Switzerland’s Gategroup Holding AG announced it was exploring a public offering of its shares just days after the country’s takeover watchdog censured its Chinese owner HNA Group for providing “untrue or incomplete” information when it acquired the company.
NYT
- Bowing to pressure from shareholders and the Paris international climate accord, Royal Dutch Shell Plc pledged on Tuesday to increase its investment in renewable fuels and to cut its carbon emissions in half by 2050. nyti.ms/2j1eHmT
- WeWork announced on Tuesday that it had bought Meetup, whose 35 million members use the service to find fellow aficionados of some common interest: drone racing, say, or learning Dutch. nyti.ms/2hZm3WU
- On Tuesday, the discovery of the letter that detailed a secretive effort at Uber Technologies Inc to gather intelligence on competitors and cover its tracks caused a federal judge to delay a trade secrets trial — a day before jury selection was set to begin — between Uber and Alphabet Inc's Waymo. nyti.ms/2i1LebH
- Toray Industries, a manufacturer of materials like carbon fiber, said one of its subsidiaries had for years been providing clients with false product-test reports. nyti.ms/2AeLkqt
Canada
THE GLOBE AND MAIL
** One day after Torstar Corp and Postmedia Network Canada Corp announced a deal to exchange 41 newspapers - closing the majority of them and wiping out 291 full-time and part-time jobs - federal Heritage Minister Mélanie Joly shot back at suggestions that the closings were due to the government's decision not to offer additional funding for news outlets as part of its new cultural policy. (tgam.ca/2BwEzyA)
** Canada is challenging U.S. lumber tariffs by taking its fight to the World Trade Organization, the second appeal launched in two weeks by the federal government. (tgam.ca/2Bwbxz7)
** Suncor Energy Inc says crude is flowing from Hebron, a major offshore project on Canada's Atlantic coast, a milestone for the company as it pledges to give more cash to shareholders. (tgam.ca/2BwMKLe)
NATIONAL POST
** Alternative asset manager West Face Capital, which opted out of a class-action settlement with Home Capital Group Inc last summer, has given the mortgage lender a draft statement of claim that asserts damages of C$70 million ($54.51 million) for alleged misrepresentation in Home Capital's disclosure. (bit.ly/2BvWW6E)
** Elevated housing prices and household debts remain the single-biggest vulnerability in the Canadian economy, according to the latest Bank of Canada report, despite signs that financial risks are beginning to ease. (bit.ly/2BuReBX)
Britain
- Bank of England Governor Mark Carney has waded into the boardroom row at the London Stock Exchange by signalling that its chief executive, Xavier Rolet, should go quietly. bit.ly/2Afio23
- Thames Water has cancelled dividend payments worth 100 million pounds a year to its mainly international shareholders as it seeks to plug its leakage problem and reimburse customers. bit.ly/2nanGqe
The Guardian
- British retail supplier Palmer & Harvey McLane Ltd has gone into administration with 2,500 immediate redundancies and a further 900 jobs at risk. bit.ly/2Bm2pfo
- Ofcom has launched a review of children's television programmes that could lead to the media regulator demanding that ITV, Channel 4 and Channel 5 spend more on young audiences. bit.ly/2BlEmxm
The Telegraph
- British and European Union (EU) negotiators have reached a deal over the so-called Brexit bill, opening the door to a potential breakthrough in the talks this December, the Telegraph has learned. bit.ly/2Bk6YXV
- Cineworld Group Plc, a British operator of movie theatres is in talks with U.S. peer Regal Entertainment Group about a potential takeover, Regal confirmed on Tuesday. bit.ly/2Adht1K
Sky News
- Facebook Inc and Twitter Inc have said they will assist UK's inquiries into Russian interference in the EU referendum. bit.ly/B6kK29
- During a three-day visit to the Middle East, Prime Minister Theresa May will hold talks in Saudi Arabia and Jordan, in a continuing effort to forge stronger ties with countries she visited earlier this year. bit.ly/2hZ9OJS
