Market participants are finding Europe's revised Markets in Financial Instruments Directive has created unintended consequences, including decreased transparency and data fragmentation in parts of the EU. Risk (subscription required) (14 Aug.)
The US economy should continue to grow quickly in 2018 before slowing down next year, according to the Congressional Budget Office. Real GDP should total 3.1% this year before cooling to 2.4% in 2019, the CBO says. Reuters (13 Aug.)
The board of directors of Tesla has created a three-member committee to evaluate the possibility raised by CEO Elon Musk of taking the company private. On the committee are independent board members Brad Buss, Robyn Denholm and Linda Johnson Rice. CNBC (14 Aug.)
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