President Trump is keeping U.S. troops in northeast Syria to guard oil fields, and has floated the idea of having a U.S. oil company come in to develop the fields. Trump: "I always said if you're going in, keep the oil." The issue is that the oil belongs to the Syrian state, and oil companies are unlikely to want to get involved. Wall Street Journal
Today marks the start of New York state's unprecedented lawsuit against Exxon Mobil, which it accuses of misleading investors about the cost of climate regulation. New York alleges that Exxon's internal documents show it was using higher forecasts of climate-related costs for evaluating new projects, compared with the figures it was showing investors. BBC
Justin Trudeau's Liberals are the winners of yesterday's elections, but without a majority. So Trudeau's minority government will need to be propped up by one or more smaller parties. Meanwhile, in Israel Benyamin Netanyahu has given up trying to glue together a coalition following that country's inconclusive election; rival Benny Gantz will now get a shot at building a workable government. USA Today
Yesterday's $260 million settlement between two Ohio counties and Teva, McKesson, AmerisourceBergen and Cardinal Health could pave the way toward a global opioid-epidemic settlement. That's according to attorneys acting for the plaintiffs, who want to see drug companies come to the table regarding a final resolution. Washington Post
The fourth industrial revolution is here and while technology is driving much business success, marketers can’t forget about the human touch. Deloitte’s first global marketing trends report looks at how C-suite leadership can drive growth, while keeping people front and center.
AROUND THE WATER COOLER
A McKinsey survey suggests that most of the world's banks are too weak to weather a serious economic downturn. The consultancy advises more mergers, along with the development of technology that can help ward off the threat of fintech startups. Bloomberg
What happens to Big Tobacco if vaping goes up in smoke, due to health fears? Companies could fall back on "heat-not-burn" technology, which mildly vaporizes tobacco without using the aerosol technique that has people so worried. Fortune
Facebook, Twitter and other big tech firms have not yet figured out how to spot deepfakes (A.I.-faked videos of people), though they recognize the sort of threat they could soon pose, once the technology becomes convincing enough. Facebook is also yet to devise policies around deepfakes. Fortune
Dollar millionaires now own around 44% the world's wealth, according to Credit Suisse's new Global Wealth Report, which also says there are now nearly 47 million millionaires out there (an increase of 1.1 million over the last year, mostly from the U.S., though China and Japan also added quite a few). That's 0.9% of the world's population; 56.6% of people have less than $10,000 to their name, collectively accounting for 1.8% of wealth. CNBC
This edition of CEO Daily was edited by David Meyer. Find previous editions here, and sign up for other Fortune newsletters here.