Biggest IPO of the Year; Banks Downgraded Again

Your morning briefing. The news you need in just 15 minutes. On today's podcast:

1) SoftBank’s Arm Files for Biggest IPO of Year
2) S&P Joins Moody’s in Cutting US Banks Amid ‘Tough’ Climate
3) Microsoft Pushes to Get Activision Deal Done With Fresh UK Offer See omnystudio.com/listener for privacy information.