Prada's Versace deal wobbles

Prada's deal to acquire Versace from Capri for around $1.4 billion could fall through as a result of this week's market volatility, the WSJ reports.

Driving the news: The deal was slated to be announced as soon as Thursday, but Prada's owners have dragged their feet on signing off.

• It's unclear if Trump's sudden tariff reversal will change either company's calculus.