Mon.Oct 23, 2023

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After $43B valuation, Databricks acquires data replication startup Arcion for $100M

TechCrunch: M&A

Databricks has remained a hot startup at a time when interest from investors has cooled across the ecosystem. Just last month the company raised $500 million at an eye-popping $43 billion valuation. That would be big money anytime, but especially in the current fundraising climate. With that kind of dough in its coffers, the company […] © 2023 TechCrunch.

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EU Foreign Subsidies Regulation: is Your Company Ready?

JD Supra: Mergers

As of October 12, 2023, notification obligations under the European Union’s (EU’s) groundbreaking Foreign Subsidies Regulation No. 2022/2560 (FSR) have started to apply, with wide-ranging implications for businesses operating in and with the EU.

Business 177
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Wall Street hikes forecasts for anti-obesity drug sales to $100 billion and beyond. A look at the numbers

CNBC: Investing

Citi notched its estimate for incretin drug sales to $71 billion by 2035, up from its prior estimate of $55 billion. That view seems conservative. Here's why.

Sale 145
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[Event] Life Sciences Dealmaking Symposium - November 9th, Boston, MA

JD Supra: Mergers

Please join McDermott for our highly anticipated Life Sciences Dealmaking Symposium! Now in its 12th year, the Symposium offers a unique platform for education, insight sharing, purposeful networking and strategic collaboration.

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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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'The bond vigilante is coming back,' UBS strategist says

CNBC: Investing

The "bond vigilantes are coming back" as investors continue to sell amid the prospect of a growing fiscal deficit, according to UBS Asset Management's Kevin Zhao.

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Understanding the Department of Justice's New Safe Harbor Policy

JD Supra: Mergers

Continuing its focus on incentivizing prompt and voluntary self-disclosure of criminal misconduct, Deputy Attorney General Lisa Monaco announced earlier this month a new U.S. Department of Justice (DOJ) Safe Harbor Policy promising a presumption of prosecutorial declination for voluntary self-disclosures of criminal conduct discovered in the course of a merger or acquisition.

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Morgan Stanley warns snack companies that weight loss drug study showed 'significant reduction in food consumption'

CNBC: Investing

The firm said it may not be a near-term risk as drug usage still has to ramp up.

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Patrick Dichter Shares Lessons Learned from Acquiring Accounting Firms

How2Exit

b' E153: Patrick Dichter Shares Lessons Learned from Acquiring Accounting Firms - Watch Here rn rn Here is what my team and I learned from this interview: (These are notes from team members, writers, sometimes AI, and even listeners who submitted what i learned loosely edited and shared here) - If it seems a bit unrefined, you're reading our notes, so. yeah.

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10-23-2023 Newsletter: Why Take-Private Dealmaking Remains Attractive for PE Investors

OfficeHours

Written by a top OfficeHours Coach; Original article published on October 16, 2023 In today’s world, there is much uncertainty around public markets. However, for private equity investors, this uncertainty represents a unique opportunity to take advantage of investment opportunities in public markets. A “take-private” transaction in the context of private equity is a process by which a PE firm acquires a publicly listed company and converts it into a privately held entity.

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How to Build a Successful Business: Insights from an Investor, Entrepreneur, and Mindset Coach

How2Exit

b' rn E152: Austin Linney, Investor and Entrepreneur, Discusses Buying and Growing Businesses Watch Here: rn rn rn rn rn rn rn Here is what my team and I learned from this interview: (These are notes from team members, writers, sometimes AI, and even listeners who submitted what i learned loosely edited and shared here) - If it seems a bit unrefined, you're reading our notes, so. yeah.

Business 130
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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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UK to release experimental jobless data instead of standard numbers

Global Banking & Finance

UK to release experimental jobless data instead of standard numbers LONDON (Reuters) -Britain’s Office for National Statistics (ONS) said it would publish an experimental adjusted estimate of Britain’s unemployment rate on Tuesday, instead of its usual labour market survey which has suffered from a falling response rate.

IT 128
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Eyeing dividend-paying stocks? Don’t rush to pick up the richest yielding names

CNBC: Investing

Don't fall for the siren call of unreasonably high dividends.

Stock 120
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How High Interest Rates Sting Bakers, Farmers and Consumers

The New York Times: Banking

Everyone who relies on credit in America is confronting a new reality: Money will cost more for a good long while.

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A 'panic spike' is possible late October into November, says Bank of America's chart analyst

CNBC: Investing

The technical strategist says a retest of the 4,200 level could mean stocks will soon bounce from their recent pullback.

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Enhance Customer Value: Unleash Your Data’s Potential

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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Chevron to buy oil and gas producer Hess in $53bn all-stock deal

The Guardian: Mergers & Acquisitions

Takeover puts Chevron head-to-head with ExxonMobil in oil-rich Guyana and US shale industry Business live – latest updates Chevron has announced plans to buy the oil producer Hess Corporation in a $53bn (£44bn) deal, becoming the second American energy giant to place a vast bet on fossil fuel production this month. The all-stock takeover, which will increase Chevron’s presence in oil-rich Guyana, was unveiled less than two weeks after another of the world’s largest oil companies, Exxon Mobil, sa

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Analyst calls: All the market-moving chatter from Wall Street Monday morning

CNBC: Investing

Check out the market-moving analyst calls and latest chatter on Wall Street today.

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September-October Issue of Deal Lawyers

Deal Lawyers

The September-October issue of the Deal Lawyers newsletter was just posted and sent to the printer.

M&A 100
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This maker of an atrial fibrillation device has nearly 70% upside, JMP Securities says

CNBC: Investing

Analyst Daniel Stauder initiated coverage of the stock with an outperform rating and $60 price target, implying shares could soar almost 70%.

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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Data Protection in PCI DSS 4.0 – What You Need to Know to Be Compliant

Global Banking & Finance

Data Protection in PCI DSS 4.0 – What You Need to Know to Be Compliant Anastasios Arampatzis Data protection and security are essential to achieving and maintaining Payment Card Industry Data Security Standard (PCI DSS) compliance.

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The S&P 500 just hit a key level. That could trigger a big shift in this $2 billion ETF

CNBC: Investing

The Pacer Trendpilot US Large Cap ETF (PTLC) uses the 200-day moving average of the S&P 500 total return index to determine asset allocation.

S&P 114
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BP Ventures to invest $200m in dozen green energy startups

Growth Business

By Timothy Adler on Growth Business - Your gateway to entrepreneurial success BP expects to invest $200 million in up to a dozen disruptive green technology start-ups this year through its BP Ventures arm. BP Ventures, the corporate venture capital arm of the energy giant, expects to plough more than 90 per cent of its spending between 2023 and 2026 into the company’s five “transition growth engines” of bioenergy, electric vehicle charging, convenience, hydrogen and renewables and power.

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Here are Monday's biggest analyst calls: Apple, Amazon, Meta, Utz, Roku, Walgreens, Spotify & more

CNBC: Investing

Here are the biggest calls on Wall Street on Monday.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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Vista to acquire software firm EngageSmart in take-private $4bn deal

PE Hub

According to terms of the deal, EngageSmart stockholders will receive $23.00 per share in cash upon completion of the proposed transaction. The post Vista to acquire software firm EngageSmart in take-private $4bn deal appeared first on PE Hub.

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How options traders are setting up for the major tech earnings this week

CNBC: Investing

Four of the so-called "Magnificent Seven" mega-cap companies will be reporting this week.

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AMG invests in Ara Partners

PE Hub

The stake was previously held by Capital Constellation, an investment platform managed by Wafra Inc. The post AMG invests in Ara Partners appeared first on PE Hub.

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Goldman's playbook for 5% 10-year yield. These strong balance sheet stocks are winners

CNBC: Investing

"We expect investors will continue to focus on balance sheet strength and avoid companies that are most vulnerable to increased borrow costs," the firm said.

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Using Data & Analytics for Improving Healthcare Innovation and Outcomes

In the rapidly evolving healthcare industry, delivering data insights to end users or customers can be a significant challenge for product managers, product owners, and application team developers. The complexity of healthcare data, the need for real-time analytics, and the demand for user-friendly interfaces can often seem overwhelming. But with Logi Symphony, these challenges become opportunities.

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True Green Capital sees retail energy expansion via community solar

PE Hub

True Green intends to build 200 MW of community solar projects, and by the end of 2024 it expects to have more than 100 MW of that portfolio constructed. The post True Green Capital sees retail energy expansion via community solar appeared first on PE Hub.

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Market stability key as regulators battle to keep up with technological developments

The TRADE

Market stability remains a key focus for regulators who are battling to keep up as technology propels forwards, says latest Liquidnet report, ‘moving on from Mifid’. As the market experiences a technological surge – with no end in sight as development continues to accelerate – the ‘Q3 2023 liquidity landscape’ report made clear that though regulators remain focused on ensuring stability in markets, there are questions as to the ability to empirically ensure this.

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Onex to buy Accredited business from R&Q Insurance Holdings

PE Hub

R&Q Insurance Holdings is a Hamilton, Bermuda-based non-life specialty insurance company. The post Onex to buy Accredited business from R&Q Insurance Holdings appeared first on PE Hub.

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Impax Asset Management taps Wells Fargo AM for new head of fixed income

The TRADE

Imapx Asset Management has appointed Ross Pamphilon as its new head of fixed income, The TRADE can reveal. According to a social media update, Pamphilon joins Imapax from Wells Fargo Asset Management, where he spent the last four and a half years as head of fixed income for the EMEA region. Prior to that, Pamphilon spent two decades years as chief investment officer at ECM Asset Management.

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Navigating the Future: Generative AI, Application Analytics, and Data

Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?