Mon.Oct 07, 2024

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California Governor Gavin Newsom Vetoes Law Requiring Attorney General Approval for Certain Healthcare Investments

JD Supra: Mergers

Last weekend, California Governor Gavin Newsom vetoed Assembly Bill (AB) 3129, which would have required healthcare investors to notify and obtain written consent from the California Attorney General (AG) before investing in certain healthcare facilities and providers. In a letter to the California State Assembly, Governor Newsom reasoned that California’s existing Office of Health Care Affordability (OHCA) is the more appropriate entity for healthcare transaction reviews.

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China Stocks Surge After Government Measures to Boost Economy

The New York Times: Banking

The government has fired up investors by encouraging banks to lend more to buyers of stock and real estate, but economists say more stimulus is needed.

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Jersey Company Law Series: Redemption of shares – which shares and how?

JD Supra: Mergers

The Companies (Jersey) Law 1991, as amended, (the "Law") gives Jersey companies a considerable degree of flexibility to fund the redemption of redeemable shares from any source, including capital.

Shares 161
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Victims of Stanford Financial’s Fraud Scheme May Soon Be Paid. Some Already Sold Their Claim.

The New York Times: Banking

Not having much insight into what may happen next in the case of a fraud orchestrated by Robert Allen Stanford, many of the victims sold the rights to any future payout.

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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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Food Venture Financing News - Weekly Issue No. 208

JD Supra: Mergers

Mondelēz International’s corporate venture capital arm has announced that it purchased a minority stake in Urban Legend, a UK-based fresh doughnut and pastry business, for an undisclosed sum. PepsiCo announced that it will acquire Siete Foods, a popular Mexican-American food brand, for $1.2 billion.

Food 161

More Trending

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Why Accurate Financials are Key to Success in Buying, Selling, and Valuing Businesses

How2Exit

E247: Why Accurate Financials are Key to Success in Buying, Selling, and Valuing Businesses - Watch Here About the Guest(s): Ryan Hutchins is an accomplished entrepreneur and expert in the field of mergers and acquisitions. With a background in finance and accounting from his time at Deloitte, Ryan has built his expertise in business valuation. He is the founder of Peak Business Valuation, a firm dedicated to providing independent third-party valuation services for SBA lenders and individuals.

Business 130
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Goldman Sachs is getting more bullish about stocks, raises S&P 500 forecast to 6,000

CNBC: Investing

Goldman Sachs thinks the stars are aligning for the stock market through year-end and beyond.

S&P 138
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Fosun International: The Hidden Gem Ready to Shine – Co-CEO Chen Qiyu on Unlocking True Value for Investors

Global Banking & Finance

Chinese multinational conglomerate Fosun International Limited is a global innovation-driven consumer group whose mission is “creating happier lives for families worldwide.” Since its inception in 1992, Fosun has accumulated profound technology and innovation capabilities and a significant industrial presence in more than 35 countries and regions worldwide.

Investors 105
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Wells Fargo downgrades Amazon on slowing growth expectations, Walmart competition

CNBC: Investing

The good times for Amazon may be over for now, according to Wells Fargo.

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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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Antitrust: The FTC Votes Another Proposed Director Off the Island

Deal Lawyers

Remember when the FTC wouldn’t let Exxon Mobil move forward with its acquisition of Pioneer Natural Resources unless the company agreed not to honor a commitment to put Pioneer’s founder on Exxon’s board? Well, they did it again last week – this time imposing a similar condition on Chevron’s acquisition of Hess.

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Bernstein upgrades Campbell as people taking GLP-1 drugs eating more soup

CNBC: Investing

The Wall Street firm upgraded the food company and raised its price target, viewing it as a beneficiary of increased GLP-1 usage.

Food 122
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Shaping Tomorrow’s Cyber-Guardians: A Hackathon for Kids

Cisco: M&A

In our hyperconnected world, cybersecurity is pivotal for our future. Therefore, preparing the next generation of cyber-guardians is among our most crucial responsibilities.

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Fed cuts could turn the tide for commercial real estate. Where to find opportunity

CNBC: Investing

Investors should tread carefully if wading into the market.

Investors 116
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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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How Close Are We to G20 Cross-Border Goals?

Global Banking & Finance

Attribute to Kamran Hedjri, Group CEO at PXP Financial. Cross-border payments are crucial to the global economy, facilitating transactions across countries and currencies.

Finance 95
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Tuesday's big stock stories What’s likely to move the market in the next trading session

CNBC: Investing

A jump in oil prices and Treasury yields dragged the major averages lower on Monday. Here's what CNBC is watching going into Tuesday.

Trading 81
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Automation and TCA must go hand in hand

The TRADE

Transaction cost analysis (TCA) was central to an automation discussion that took place last week at the Fixed Income Leaders Summit (FILS), with panellists noting that one cannot come without the other. TCA is central to making automated execution more fruitful by supplying insights into processes pre-trade to inform decisions, noted speakers when exploring ways to implement the right tools and skillsets to future-proof the trading desk.

Trading 81
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MEDIROM Rehab Solutions Inc. Acquires Rehabilitation Centers from Y’s, Inc.

Global Newswire by Notified: M&A

TOKYO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- MEDIROM Healthcare Technologies Inc. (NASDAQ: MRM) (“Medirom” or the “Company”) is pleased to announce that it is capitalizing on its extensive experience operating wellness clinics and healthcare technology to expand into the rehabilitation industry. In doing so, MEDIROM established a wholly-owned subsidiary, MEDIROM Rehab Solutions Inc., which acquired all of the rehabilitation centers of Y’s, Inc.

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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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Charts indicate a near-term rally in energy stocks will continue. How to play it

CNBC: Investing

Katie Stockton breaks down the chart in the SPDR Energy ETF and Exxon Mobil.

IT 76
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ProductLife Group Acquires IntiQuan, Strengthening Global Drug Development Capabilities

Global Newswire by Notified: M&A

ProductLife Group (PLG) is pleased to announce the acquisition of IntiQuan AG, a premier Swiss boutique specializing in pharmacometric services.

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Monday's analyst calls: Netflix gets an upgrade, Jefferies downgrades Apple

CNBC: Investing

A major streaming company and a tech giant were among the stocks being talked about by analysts on Monday.

Stock 74
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Marex Prime Services establishes UAE presence

The TRADE

Marex Prime Services has established a “dedicated presence” in Dubai as the firm looks to bolster its operations in the Middle East. Mazen Najjar The builds on the firm’s existing presence in the region as Marex looks to enhance its offering to institutional clients across MENA. Shahab Hashemi, chief executive (MENA) at Marex, said: “This strategic move strengthens our current operations and better positions us meet the evolving needs of our clients in the region.

Funds 64
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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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Goldman Sachs upgrades China stocks, sees as much as 18% upside from here

CNBC: Investing

The Wall Street firm hiked its rating on Chinese stocks to overweight in light of Beijing’s rare stimulus blitz.

Stock 72
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Territorial Bancorp Urges Shareholders to Vote FOR Hope Bancorp Merger

Global Newswire by Notified: M&A

Compelling Combination with Hope Bancorp Creates Substantial Value for All Territorial Shareholders and Significant Benefits for Hawai ‘ i and Territorial Customers, Employees and Communities ​

Mergers 64
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How to hedge the overall market with several critical events just around the corner

CNBC: Investing

Mike Khouw lays out a put spread trade on the SPDR S&P 500 ETF trust.

S&P 71
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People Moves Monday: Stifel, Citadel and Ninety One

The TRADE

Seema Arora was appointed managing director and head of execution services for EMEA at Stifel after most recently serving at Instinet for five and half years before leaving earlier this year. Prior to joining Instinet, Arora spent almost 11 years at Kepler Cheuvreux in senior execution services sales roles and also previously spent six years at JP Morgan as head of execution sales and five years at Desdner Kleinwort as head of program trading sales.

Sale 64
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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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Slump for tech stocks could open the door for tactical trades in fourth quarter, investors say

CNBC: Investing

The Nasdaq Composite lagged other major averages in the third quarter, with Nvidia and Microsoft both losing ground.

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Candriam trader to join Nordea in equities role

The TRADE

Edgar Castel is set to join Nordea as an equity trader following almost five years at Candriam, The TRADE can reveal. Castel most recently served as a trader focused on equities (cash and swap), foreign exchange, and listed derivatives. He will begin his new role as of 1 November, based in Denmark, The TRADE understands. Castel was one of The TRADE’s Rising Stars of Trading and Execution in 2023 , recognised as a budding buy-side talent in the institutional trading space.

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Moe Rock Acquires San Diego Weekly, Poised to Elevate Local Journalism and Economy

Global Newswire by Notified: M&A

SAN DIEGO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- In a strategic move set to redefine San Diego’s media landscape, Moe Rock, the CEO of the Los Angeles Tribune and a key figure in American news media, has acquired San Diego Weekly. The acquisition is expected to bring renewed focus on local journalism, particularly in covering San Diego’s burgeoning economy, vibrant small businesses, and political affairs.

Media 59