P.M. Edition for Oct. 16. The auto-parts giant First Brands’ bankruptcy leaves investment bank <a href="https://www.wsj.com/finance/how-jefferies-found-itself-at-the-center-of-first-brands-collapse-290f0a74?mod=hp_lead_pos9">Jefferies in the harsh spotlight</a> of an accounting scandal. Plus, the endowments of American colleges posted their <a href="https://www.wsj.com/us-news/education/university-endowments-returns-d43d2f2e?mod=hp_lead_pos6">strongest returns in years</a>. And after <a href="https://www.wsj.com/finance/banking/big-banks-cash-in-on-well-heeled-borrowers-379e4701">strong bank earnings</a> this week, Heard on the Street writer <a href="https://www.wsj.com/news/author/telis-demos?gaa_at=eafs&gaa_n=AWEtsqcatfnByaAYpXvKuZ9UFqiCMkhv-zWfV1_YnzkgVJZcGz30uDNOcLPb2OjBsqs%3D&gaa_ts=68f15d9c&gaa_sig=41UqiVSIv2r1g_gZbRXe9NTfgbGb3I1DEv_GLpAeAPSg2LFu-N8BMzzimfFM2s8ClaLyh7DNKV33dsrtr1b5qg%3D%3D">Telis Demos</a> discusses what might be missing in their reflection of the health of the economy. Sabrina Siddiqui hosts.

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