The Morning Wrap

London Whale: The U.S. may announce charges as early as today related to JPMorgan Chase & Co.'s trading losses last year, Bloomberg reports. The firm lost more than $6.2 billion last year on derivatives bets. Baby Veronica: Oklahoma Governor Mary Fallin said she would not immediately sign a request to extradite the biological father of baby Veronica, a Cherokee Indian girl whose adoption case was decided by the U.S.Supreme Court earlier this year, Reuters reports. Stormy Skies: Alleging that the combination of American Airlines and US Airways would harm consumers and thwart competition, federal and state regulators on Tuesday filed suit to block the $11 billion deal that would create the world's largest airline, The National Law Journal reports. Asleep at the Wheel: The Food and Drug Administration is taking heightened interest in whether the effects of common prescription sleep aids like Ambien can persist well into the next day - and when people can safely drive after taking the drugs, The New York Times reports. Controversial Crackdown: The Internal Revenue Service has sent letters to thousands of small business owners questioning whether they accurately reported their income, sparking criticism from some lawmakers who believe the agency is bullying mom-and-pop companies, the Washington Post reports.

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