In Case You Missed It: Apple, Google on the Wing
Google announced it will set up a London headquarters. The move follows Apple's decision to shift 1,400 people to London's Battersea Power Station, the backdrop to Pink Floyd's album "Animals."

Snapchat is lit, isn't it? Lit meaning popular, Snapchat meaning the photo sharing application that hopes to raise $4 billion in its IPO, leading to a valuation of between $25 billion and $35 billion. BILLIONS, quite lit, I must say, at least for the four-year-old social media platform's users and, especially, its investors.

News of Snapchat parent Snap Inc.'s confidential IPO filing kicked off the trading day just as Google parent Alphabet  (GOOGL) said it plans to build a new London headquarters in the city's King's Cross district and add 3,000 new jobs. The move follows Apple's (AAPL) decision to shift 1,400 of its staff to London's Battersea Power Station, the photographic backdrop to the famous Pink Floyd album "Animals" that featured songs such as "Dogs" and "Pigs on the Wing."

Apple and Alphabet are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio.

Wednesday seemed to mark the fizzling of the so-called Trump rally as the Dow fell 0.29% and the S&P 500 was down 0.16%. The tech-heavy Nasdaq rose 0.36%, after taking a big hit on Donald Trump's election as the 45th president of the United States. 

While the world was marveling at Snap's prospective valuation ($25 billion implies a multiple of about 25 times current revenues) and weighing which other tech companies may set up shop in London despite Brexit, TheStreet was also busy. We crunched Snap's numbers, too, weighed the new tech environment and investigated a host of stories that went either unnoticed or under-covered by the mainstream press.

Here are the highlights to help you get ahead in managing your portfolio:

PE Mogul Ross Would Need to Step Off Boards to be Commerce Secretary
The buyout-shop billionaire would need to extract himself from board positions at a number of companies including ArcelorMittal SA (MT) , the world's largest steel company. Full story

What Warren Buffett May Have Forgotten About Walmart
If Amazon (AMZN) didn't fear Walmart (WMT) coming into 2016, it should now. Full story

Tweet of the Day: 

.@Honeywellnow's Global Head of M&A, Anne Madden, will join us again this year at #DealEconomy. Will you? https://t.co/eAkj4HqdpF pic.twitter.com/dsTHTnVrez

— The Deal (@TheDealNewsroom) November 16, 2016

Andrew Left: Dump Mallinckrodt  (MNK)
The famed short-seller tells TheStreet's Real Money that the drug company could face a U.S. government crackdown. Full story

Chat of the Day: Feel the Magic in Disney

Despite declines in ESPN's viewership, the charts show there are more price gains ahead for Walt Disney (DIS) . Full story

Could a Takeover be Next for Skinny Pop Maker?
Analysts believe a sale of the asset has long been in the minds of Amplify's (BETR) backers. Full story

ChiroTouch Evaluates Sale via RW Baird
As the healthcare IT segment continues to see lots of investment, the provider of electronic health record software for chiropractors could fetch $150 million or so in a sale. Full story

Video of the Day: Former Talking Head Jerry Harrison Dives into Crowdfunding with RedCrow 

Rock and Roll Hall of Famer Jerry Harrison explains how his new crowdfunding platform RedCrow offers more than a way to raise money. Full story

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