Second Opinion

In Second Opinion, SoftBank is dropping its effort to merge Sprint with T-Mobile, Edgar Bronfman Jr and longtime VC Daniel Leff form new venture firm Waverly Capital and Paul Manafort, ex-chair of Trump's campaign, is charged with tax fraud and money laundering.

Second Opinion wraps up the week with news that Alibaba's Joseph Tsai has agreed to take a 49 percent stake in the NBA's Brooklyn Nets, Tesla nears bear market territory and once again, Amazon's Jeff Bezos has surpassed Bill Gates as the world's richest man.

In Second Opinion, hospital operator Tenet Healthcare scraps plans to sell itself, the iPhone 8 posts weak initial sales and President Trump declares the country's opioid crisis a public health emergency.

Second Opinion closes out the day with news that Pfizer is launching the sale of its consumer healthcare business in November, IBM doubles paid time off for new parents and singer/songwriter/producer Pharrell Williams nabs a new job courtesy of music startup Roli.

In Second Opinion, Hulu loses one CEO but gets another, Sears is breaking up with Whirlpool after a century and Kid Rock says he's not running for the Senate.

In Second Opinion, Cisco is acquiring Broadsoft for $1.9 billion, Trump says he's "very, very close" to naming his nominee for Federal Reserve Chairman and Amazon is fielding 238 proposals for its second headquarters.

Second Opinion closes out the week with news that Wells Fargo fires four foreign exchange banker as woes spread to investment bank, Skechers stock soars as sneaker sales surge and outstanding credit card debt has hit a record $1 trillion.

Second Opinion closes out the day with news that Lyft has raised $1 billion in a round led by Alphabet's CapitalG, MongoDB's shares surge 25 percent in its IPO debut and Californians who don't identify as either male or female will soon be able to get a gender-neutral birth certificate.

In Second Opinion, Advent is seeking to sell its stake in Spanish explosives maker Maxam, Apple and GE form a partnership and a new poll reports online shoppers prefer local brick and mortar grocery stores.

In Second Opinion, the Dow Jones tops 23,000 for the first time, Volvo unveils its new electric sports car that will take on Tesla and Johnson & Johnson has won its appeal of a $72 million verdict claiming its talc products cause ovarian cancer.