Mon.Oct 16, 2023

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Clock is Ticking on New York's Non-Compete-Ban Bill

JD Supra: Mergers

While many in the antitrust community have been focused on the FTC’s proposed ban of non-competes, the states also have been active in this area. Earlier this year, the New York legislature passed a broad non-compete ban, which has been awaiting Governor Hochul’s approval for several months. Governor Hochul had expressed support for a non-compete ban applicable to workers who earn below the state median wage.

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Rite Aid Files for Bankruptcy, Facing Slumping Sales and Opioid Suits

The New York Times: Mergers, Acquisitions and Dive

The pharmacy chain, one of the country’s largest, faces more than a thousand lawsuits that say it filled illegal prescriptions for painkillers.

Sale 145
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Department of Justice Seeks to Reward Due Diligence and Timely Self-Disclosures in Mergers & Acquisitions Through New Safe Harbor Policy

JD Supra: Mergers

The United States Department of Justice (DOJ) recently announced a new department-wide Mergers & Acquisitions Safe Harbor Policy that protects acquiring companies that self-disclose criminal misconduct discovered at an acquired company. For acquiring companies that promptly and voluntarily disclose criminal misconduct, fully cooperate in the government’s investigation, and provide timely remediation, restitution, and disgorgement of….

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China Bet It All on Real Estate. Now Its Economy Is Paying the Price.

The New York Times: Banking

After relying on a borrow-to-build model for decades, Beijing must make difficult choices about the country’s housing market and economic future.

IT 145
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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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DOJ Announces Extension of Voluntary Self-Disclosure Guidance for Misconduct Discovered Through M&A Due Diligence

JD Supra: Mergers

On October 4, 2023, the U.S. Department of Justice (DOJ) announced a uniform approach for the resolution of voluntary self-disclosure (VSD) of misconduct discovered during M&A due diligence. The Mergers & Acquisitions Safe Harbor Policy (M&A Safe Harbor) provides that, absent aggravating factors, the DOJ presumptively will decline to press charges if the acquiring company voluntarily discloses and remediates, in a timely manner, any misconduct discovered during pre- and post-acquisit

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Britain pulls rules aimed at applying lessons from Carillion, BHS, collapses

Global Banking & Finance

Britain pulls rules aimed at applying lessons from Carillion, BHS, collapses By Huw Jones LONDON (Reuters) – Britain on Monday unexpectedly scrapped “burdensome” draft rules is has already put to parliament for approval just 13 weeks ago to apply lessons from the collapse of builder Carillion and retailer BHS.

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UBS upgrades this 'core' health-care stock, sees nearly 20% upside

CNBC: Investing

The firm upgraded shares of the health-care giant to buy from neutral and raised its target price to $640 from $520.

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Dollar gains against yen, eases against euro

Global Banking & Finance

Dollar gains against yen, eases against euro By Karen Brettell NEW YORK (Reuters) – The dollar was mixed on Monday before a week heavy with speeches by Federal Reserve officials that will be watched for further clues on interest rate policy and as investors monitored developments in the Middle East.

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Goldman Sachs upgrades this homebuilder stock, says it can outperform despite higher mortgage rates

CNBC: Investing

This construction company's focus on sales volume could help push the stock higher as consumer affordability remains tight, Goldman Sachs says.

Stock 139
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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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10-16-2023 Newsletter: So you want to pursue a role in Private Equity?

OfficeHours

If you’re a ‘ new kid on the block ’ in the world of finance, you might have thought about what it’s really like to work on the Buyside and if all the excitement is true. People often say not to mess up an interview because it could affect your chances for more opportunities in the future. Take advantage of our October Promotion! But what if you’re just curious about how you’d do?

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Buy this electrotherapy stock for more than 62% upside, RBC Capital Markets says

CNBC: Investing

This electrotherapy stock could benefit if the company moves into the patient monitoring market, the firm said.

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DOJ and FTC Using New Weapons to Attack Antitrust Conduct

JD Supra: Mergers

In spring 2022, the Department of Justice (the DOJ) announced its intention to aggressively pursue monopolization cases. While the DOJ is continuing its aggressive prosecution of criminal cases, it is also now utilizing alternative methods to pursue alleged monopolistic conduct. Please see full Publication below for more information.

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Morgan Stanley upgrades this cybersecurity stock that can double from here

CNBC: Investing

Morgan Stanley's bull case on this cybersecurity stock could see shares nearly double.

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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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Bill Snow: From Sales to Mergers and Acquisitions Expert -E149

How2Exit

b' E149: Bill Snow: From Sales to Mergers and Acquisitions Expert - 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. -Ron rn rn Sponsor: rn rn Reconciled provides industry-leading virtual bookkeeping and accounting services for busy business owners and entrepreneurs acr

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The bitcoin safe haven trade is back on, says Bernstein

CNBC: Investing

With recession fears swelling again, investors seeking a safe place to put their assets should be interested in bitcoin, says Bernstein.

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Why PE Investors Care About Interest Rates

OfficeHours

If you have been following the news related to interest rates, you have definitely noted a lot of hikes in the past several months as well as general uncertainty around the near-term outlook for both long and short-term rates. The current Fed interest rates are in the 5.25% – 5.50% range, unchanged from the Federal Reserve policy meeting in late September.

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Cathie Wood says the bond market is key to a resurgence in her favorite innovation stocks

CNBC: Investing

Ark Invest's Cathie Wood said her innovation darlings are poised to lead the market once bonds start to rally and push interest rates lower.

Stock 133
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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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Italy unveils tax-cutting 2024 budget amid debt worries

Global Banking & Finance

Italy unveils tax-cutting 2024 budget amid debt worries By Giuseppe Fonte and Gavin Jones ROME (Reuters) -Italy’s government on Monday approved a budget for next year with measures worth around 24 billion euros ($25.3 billion) in tax cuts and increased spending, despite market concerns over the country’s strained public finances.

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Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Netflix, Colgate, Pfizer, Disney and more

CNBC: Investing

Here are Monday's biggest calls on Wall Street.

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Fiduciary Duties: Thinking Strategically About Strategic Alternatives

Deal Lawyers

This recent Cooley blog provides guidance on how boards should approach assessments of multiple strategic alternatives and offers up 13 principles that directors should keep in mind when engaging in that process.

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Analysts are getting bullish on these corporate earnings slated for release this week

CNBC: Investing

Wall Street analysts predict these companies will upsides following their quarterly earnings announcements this week.

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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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How Much Money Should You Have Saved by 30?

OfficeHours

If you’re in your 20s, you have probably thought about saving, investing, or retirement in some way. Even though it may seem far off, it’s never too early to start seriously thinking about how much you are saving and how you can make your money work for you in an effective way that requires little time or effort on your end. At the same, it’s not too late if you are closer to 30 or older!

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Amid a rocky market in preferred securities, Bank of America finds opportunity

CNBC: Investing

Bank of America is cautious on preferred securities, but sees some relative value in these names.

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SEC adopts new short selling rule to bolster transparency for market participants

The TRADE

The US Securities and Exchange Commission (SEC) has adopted a new rule to bolster transparency to market participants through increased public availability of short sale related data. Named Rule 13f-2, the new rule will require institutional investment managers that meet or exceed specific thresholds to report short sale related information for equity securities through Form SHO.

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Here's what all the major analysts expect from Goldman Sachs' earnings Tuesday

CNBC: Investing

The bank is scheduled to report its third-quarter earnings on Tuesday before the market opens.

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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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Vodafone-Three merger could add up to £300 a year to mobile bills, says union

The Guardian: Mergers & Acquisitions

Tie-up is a ‘terrible deal for Britain’ that also poses risks for national security, Unite claims Mobile phone bills could rise by as much as £300 a year as a result of the merger of the UK operations of Vodafone and the owner of Three , a trade union has said. Unite has been a vocal critic of the proposed deal , which would create the UK’s largest mobile operator, and said that it is a “terrible” deal that also poses risks for national security.

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Stifel upgrades Colgate-Palmolive, sees 14% upside driven by strong Hill's pet food sales

CNBC: Investing

The investment bank cut its price target 5% but thinks declining inflation and strong pricing power will still help lift shares in the year ahead.

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Why PE Investors Care About Inflation

OfficeHours

For private equity investors who have been monitoring the situation around inflation for the last few months to a year, many have been disappointed to see the slow trajectory with which inflation has been coming down from highs. Currently, inflation in the U.S. sits around 3.7%; while that is certainly better than the 8% and 9% seen earlier this year, it still remains a key point of concern for anyone monitoring the economic situation.

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