Jagdeep Dayal

The week’s defining move was the collapse of Advent and Stripe’s roughly $50 billion bid to take PayPal private, which unwound weeks of takeover hopes even as Affirm posted its most profitable quarter ever and Walmart finally opened its checkout lanes to Apple Pay and Google Pay. Regulators kept the heat on stablecoins: BIS chief de Cos warned at Jackson Hole that they still fall short as money.