Why Morgan Stanley wants Eaton Vance — Goldman’s COVID testing plans — Newest hot spot in real estate

Less than eight months after announcing plans to acquire discount brokerage E-Trade for $13 billion — and not even a week after closing the deal — the big bank has already pinpointed its next acquisition target: Eaton Vance.

Rebecca Ungarino has some great analysis on what acquiring a storied asset manager like Eaton Vance means for Morgan Stanley.

In short, it’s a move that indicates the bank’s desire to continue to differentiate its lines of revenue beyond the volatile business of sales and trading.

Click here to read the entire story.

A leaked Goldman Sachs memo reveals the steps Wall Street is taking to bring bankers back to the office

Michael Kovac/Getty Images

Blake Dodge with a great scoop here on memo Goldman Sachs sent to employees detailing its reopening and testing strategy to get workers back in the office. Check out the entire note here. 

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Booming demand for lab space is a rare bright spot for real-estate developers. But a steep learning curve means some ‘stupid money’ investors could get burned.

Morsa Images/Getty Images

Life sciences real estate — essentially space for pharmaceutical and biotech companies — is hotter than ever. Alex Nicoll analyzed the current industry boom, speaking to eight experts about what it means for the larger real-estate market (hint: it’s still going to hurt). Click here for the full read.

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An inside look at Harbor, a new disaster prep app developed by Headspace and GoodRx alums that helps you get your home ready for hurricanes, wildfires, and other catastrophes

harbor

Take a peak inside Harbor, a disaster preparedness app. Alex Nicoll spoke to Harbor CEO Dan Kessler, who gave us a tour of the app. Read the full story here. 

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Odd lots:

After expensing $5,100 in Dior bags, SoulCycle’s CEO was suddenly out. Now, an executive exodus and a culture war threaten to send the company off a cliff. (BI)

At least 60 Coinbase employees are quitting after the CEO declared an ‘apolitical culture’ at the $8 billion unicorn startup (BI)

A Corporate Sleuth Claims Squarepoint Capital Took Her Content. The Hedge Fund Is Threatening Action. What Actually Happened? (Institutional Investor)

A Columnist Makes Sense of Wall Street Like None Other (See Footnote) (NYT)

Vatican used charity funds to bet on Hertz credit derivatives (FT)