What We’re Reading:

Race to Cut Taxes Fuels Urge to Merge, Hoffman and Plumridge, The Wall Street Journal
Better late than never. Liberals abandon Obamacare mandate. (Politico.com)
Carl Icahn advises caution on US markets, Reuters
China Plays Big Role in U.S. Bond Rally, Min Zeng, The Wall Street Journal
Value Added Of Every Microsoft Employee: Negative $1.5 Million, ZeroHedge
Arabs look for Martians. (GulfNews.com)
Coca-Cola, the low sugar alternative! (Quartz India)
Druckenmiller Warns Fed’s “Market Obsession” Creates “Long-Term Risks To The Economy, ZeroHedge
China Faces Second Bond Default Amid World’s Biggest Debt, Bloomberg
Jack Lew calls for ‘economic patriotism’ to end tax maneuver, Ben White, Politico
Vape em’ if you’ve got em’! (The Wall Street Journal).
BIS chief fears fresh Lehman from worldwide debt surge, Ambrose Evans-Pritchard, The Telegraph