Thursday links: the drip of good news

MarketsCredit spreads are tight. (wsj.com)Earnings drive stock prices. (chartkidmatt.com)Why fraud thrives during bull markets. (novelinvestor.com)Prediction marketsHow to solve the prediction markets insider trading problem. (dopaminemarkets.com)Joe Weisenthal and Tracy Alloway talk prediction markets with new CFTC Chairman Michael Selig. (podcasts.apple.com)Private assetsThe private equity industry is at a crossroads. (capitalallocators.com)The larger the endowment fund, the most they invest in private assets. (ft.com)Asset managementNuveen is buying UK-based asset manager Schroders. (fa-mag.com)The combined Nuveen-Schroders will be the 11th largest asset manager. (giftarticle.ft.com)FoodHershey ($HSY) is investing big in salty snacks. (fooddive.com)What the woes of the fast food industry say about the American economy. (giftarticle.ft.com)Kraft Heinz ($KHZ) is putting its split on hold. (cnbc.com)Technologya16z has an outsized influence on Trump administration AI policy. (bloomberg.