Here's what we are reading this morning:
Saudi Arabia slashes exposure to Tesla via hedging deal | Financial Times
Maglan Capital on Twitter: "#Muniland #Sacramento, CA school district had rating on GOs and lease-revenue bonds downgraded (four notches for GOs) by S&P due to budget shortfalls "Due to possibility that district will reach insolvency by Nov 2019"
PG&E (PCG) Receives $4 Billion Plan to Head Off Bankruptcy - Bloomberg
Subway closed 1,100 restaurants last year
Court Orders $1 Billion Judgment Against Operators of Woodbridge Ponzi Scheme Targeting Retail Investors
PG&E (PCG) Still Plans Bankruptcy Despite Investor Proposal - Bloomberg
Lack of transparency in healthcare startups risks another Theranos implosion | TechCrunch
PG&E to tap restructuring chief in final bankruptcy preparations - sources | Reuters
US catfish farmer files Chapter 11 | IntraFish