Oct 26, 2017

Waymo-Uber lawsuit could spill into second trial


Waymo and Uber's dispute over alleged theft of trade secrets could potentially spill into a second trial, a federal judge hinted on Thursday, according to The Recorder. The judge postponed ruling on a request from Waymo, Alphabet's self-driving car unit, to add two more trade secrets to its lawsuit against Uber, saying he will decide after the trial that is set to begin in December.

Decoded: The case so far has focused on proprietary designs of LiDAR sensors, which self-driving cars use to "see" the road and environment around them. The additional trade secrets Waymo asked to add pertain to "planner software." According to the judge, adding these trade secrets now would complicate the trial, which has already been postponed once.

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Morgan Stanley to buy E*Trade in a $13 billion deal

Photo: Rafael Henrique/SOPA Images/LightRocket via Getty Images

Morgan Stanley is planning to buy E*Trade Financial Corp. in a $13 billion all stock deal, the Wall Street Journal reports, with plans to restructure the company known for helping everyday Americans manage their money.

Why it matters: The deal, which would be the largest by a major American bank since the financial crisis, signals Morgan Stanley‘s desire to bulk up in wealth management.

Go deeper: Six of the biggest U.S. banks have weaknesses in their crisis plans

The new not-normal: The Trump state

Photo Illustration: Eniola Odetunde/Axios. Photos: Chris Graythen/Getty Images

Donald Trump changed how to run for president. Next, he changed the Republican Party. Now, he’s changing the presidency and the boundaries of executive power. 

In the past week, Trump has purged internal dissenters, imported loyalists, pardoned political and financial criminals and continued a running commentary on live Justice Department criminal cases — despite an unprecedented public brushback from his attorney general.

Bloomberg's rough debut

Photo: John Locher/AP

Mike Bloomberg was booed during his debut debate as a Democratic presidential candidate — indicative of a rusty outing where the former New York mayor looked unprepared to respond to obvious lines of attack.

Why it matters ... The debate underscored the Bloomberg’s campaign biggest fear: It's hard to hide to his prickly demeanor. Bloomberg had all the time, practice and forewarning money could buy — and still struggled mightily on the public stage.