Google obtains medical info on millions of US patients | Alibaba breaks records during Singles Day | Survey: Two-thirds of Americans expect recession in 2020
November 12, 2019
PLI SmartBrief
Legal News in Brief
Corporate Spotlight
Google obtains medical info on millions of US patients
Google has obtained personal health information on millions of Americans from health care system Ascension without the knowledge of patients or doctors to test medical software, internal documents show. The initiative, called Project Nightingale, appears to be legal under a US law that lets hospitals and business partners exchange information if the purpose is "only to help the covered entity carry out its health care functions."
CNN (11/12),  The Wall Street Journal (tiered subscription model) (11/11) 
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Alibaba breaks records during Singles Day
During China's Singles Day, a shopping event similar to Black Friday and Cyber Monday in the US, Alibaba broke records by obtaining $1 billion in sales in 68 seconds, $10 billion in sales in 30 minutes and $38.3 billion in sales altogether. Alibaba achieved a 40% sales increase in the latest quarter and is the most valuable company in China by market capitalization.
The Wall Street Journal (tiered subscription model) (11/11),  TechCrunch (11/11) 
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National News
Survey: Two-thirds of Americans expect recession in 2020
Two-thirds of Americans responding to a survey say they think the US will fall into a recession next year. The survey by CNBC and SurveyMonkey finds 84% of Democrats and 46% of Republicans expect a recession.
CNBC (11/11) 
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Trump expected to postpone decision on EU auto tariffs
President Donald Trump is expected to say in coming days he is postponing a decision on whether to impose tariffs on European vehicles and auto parts, EU officials say. US Commerce Secretary Wilbur Ross has said the tariffs might be unnecessary based on "good conversations" the US has had with foreign carmakers.
Reuters (11/11) 
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Financial and Tax Update
Investigation into cash real estate deals continuing
The Treasury Department's Financial Crimes Enforcement Network will continue its investigation into cash-only real estate deals until May of next year. The investigation is centering on the possibility of foreign buyers laundering money through US real estate sales.
HousingWire (11/8) 
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Banks pass midcycle internal stress test
A midcycle internal stress test finds all 18 banks participating can withstand a financial crisis, staying above the regulatory minimum for post-stress risk- and leverage-based capital ratios.
Risk (subscription required) (11/11) 
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Exec: SECURE Act being held up by impeachment inquiry
Action on Capitol Hill is "frozen" by the House impeachment proceedings, and that includes the Setting Every Community Up for Retirement Enhancement Act, says Greg Valliere, chief US policy strategist at AGF Investments. More than 90 corporations and trade groups recently sent a letter to Senate leaders urging them to take action on the bill.
InvestmentNews (tiered subscription model) (11/6) 
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PLI News
The Role of the In-House Counsel Continues to Transform ...
... to meet new challenges in relation to an increasingly global economy, financial turmoil and continually changing new technologies. This week, attend PLI's Hot Topics for In-House Counsel 2019 in New York or via live webcast, and learn about the latest developments. You'll also discover how to design effective, budget-conscious strategies for managing the legal and practical business matters of corporate law departments, while adding value to the enterprise.
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New Ohio Attorneys: Fulfill Your New Lawyers Training Requirement!
Newly admitted Ohio attorneys must complete 12 hours of New Lawyers Training by the end of their first biennial compliance period. Three of the 12 hours MUST consist of instruction on topics related to professional conduct, professional relationships, obligations of lawyers, or aspirational ideals of the profession; instruction on topics related to fundamental law office management; and instruction on topics related to client fund management. On November 20, attend PLI's half-day live Ohio New Lawyers Training 2019 program at the Cleveland office of Jones Day to earn these 3 credits while receiving expert guidance from a faculty of experienced Ohio-based practitioners.
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Supreme Court and Federal Court Watch
Dow Chemical to pay $77M to resolve Mich. environmental case
Dow Chemical has arrived at a proposed settlement of complaints alleging harm to wildlife in Michigan. The chemical company has agreed to pay $77 million for restoration efforts, which would include projects in three counties.
Crain's Detroit Business (tiered subscription model) (11/8) 
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Professional and Business Development
Notice the smoke of discontent before a fire starts
A difficult job for leaders is recognizing and addressing trouble before it's too late, especially because some data only works as a lagging indicator, writes Kristin Hendrix. "For every one person that shares a concern, there are potentially ten more that don't," she writes.
Leadership Vitae (11/7) 
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Try habits CEOs use for productivity
Successful CEOs have daily routines they practice to increase their productivity and quality of life. Bloomreach CEO Raj De Datta ends each day by reviewing what went well to be positive and present even if he faced challenges at work.
Inc. online (11/10) 
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Talent is a long patience, and originality an effort of will and intense observation.
Gustave Flaubert,
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