TOP NEWS
SoftBank Hit
SoftBank's profits for the six months to September were half those of a year ago, largely thanks to writedowns on its investments in WeWork and Uber—mainly WeWork, though, where the writedown was nearly $4.6 billion. That will have something to do with WeWork actually being worth (by SoftBank's current figures) $7.8 billion rather than the $47 billion claimed when the ill-fated workspace firm was preparing to go public. New York Times
Copy That
Xerox is considering a cash-and-stock offer for HP, the Wall Street Journal reports. The PC and printer maker is thrice the size of its copier-making potential suitor, and just got a new CEO—on the other hand, Xerox is about to get a cash boost from the sale of its stakes in joint ventures with Fujifilm. WSJ
Uber Death
More news on the tragic death last year of Arizona pedestrian Elaine Herzberg, who was struck by an Uber self-driving car. Turns out that, per documents released by the National Transportation Safety Board, the car was not programmed to recognize jaywalkers. Incredibly, it also seems Uber's self-driving car program didn't have a safety manager. Fortune
Banking Union
Germany's finance minister, Olaf Scholz, has ended Berlin's opposition to a common Eurozone scheme for protecting savings. This change of stance brings a Eurozone banking union a step closer to reality, as the European Central Bank and European Commission have been urging. Financial Times
Consumer Privacy in Retail
Consumers are becoming more privacy aware and it's time to define a new set of standards. Findings from Deloitte's Privacy Survey show that retailers who focus on consumer privacy are poised to create more meaningful data, enhance consumer engagement, and reduce risk exposure.
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AROUND THE WATER COOLER
Warren Effect
Would the markets tank if Elizabeth Warren became president, as some hedge fund billionaires claim? History suggests such warnings are common and generally don't square up with reality, says Ben Carlson, the director of institutional asset management at Ritholz Wealth Management. Fortune
Trump's SEC
The Securities and Exchange Commission has under President Trump taken over two dozen measures to make life easier for corporate America—and to make life harder for investors, for example by allowing widespread confidential IPOs and by removing a requirement for companies to get SEC approval when they redact confidential information from disclosures. Reuters
European Tech
Gen Tsuchikawa, the head of Sony's venture capital arm, says the European tech industry is showing signs that it can compete with the U.S. "There are smart people with smart ideas which can scale here, so I think I'm pretty optimistic," he said at the Web Summit tech conference. CNBC
Dalio Warning
Bridgewater's Ray Dalio has written a lengthy LinkedIn post saying the world has "gone mad" because of the widespread availability of free money…to some. Dalio: "At the same time as money is essentially free for those who have money and creditworthiness, it is essentially unavailable to those who don't have money and creditworthiness, which contributes to the rising wealth, opportunity, and political gaps… the system of making capitalism work well for most people is broken. LinkedIn
This edition of CEO Daily was edited by David Meyer. Find previous editions here, and sign up for other Fortune newsletters here.
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