After probing an open-and-shut SEC violation for two years, it’s nearly too late for the SEC to do anything over how Musk acquired Twitter before Trump moves in (Matt Levine/Bloomberg)

Matt Levine / Bloomberg:
After probing an open-and-shut SEC violation for two years, it’s nearly too late for the SEC to do anything over how Musk acquired Twitter before Trump moves in  —  Also duplicating the MicroStrategy trade, buffer ETFs and hedge funds, Masayoshi Son’s $100 billion commitment and snorting Adderall in the bullpen.