Tue.May 28, 2024

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Rescheduling Marijuana FAQs: Cannabis-Related Investments

JD Supra: Mergers

On May 21, 2024, the Drug Enforcement Agency (DEA) filed the Proposed Rule to move marijuana from Schedule I of the Controlled Substances Act (CSA) to Schedule III of the CSA. In light of the rescheduling marijuana news, industry insiders anticipate a significant increase in cannabis-related investments and acquisition activity. While this anticipated increase in activity is exciting, it is no secret that those who have already invested capital into the cannabis industry have learned some hard.

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Chancery Addresses Tension Between Fiduciary & Contractual Duties

Deal Lawyers

One of the most challenging aspects of Delaware’s corporate law jurisprudence over the past 40 years has involved efforts to reconcile the contractual obligations that a target board may commit itself to in connection with a sale transaction and its fiduciary duties to target company stockholders.

Sale 140
Insiders

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UK CMA Provides First Insights into the Application of UK Merger Control Rules to AI Partnerships

JD Supra: Mergers

The UK Competition & Markets Authority (“CMA”) has published the first in a series of anticipated merger control decisions in the artificial intelligence (“AI”) space, providing insight on its approach to the application of UK merger control rules to AI partnerships. On 17 May 2024, the CMA published a decision announcing that a partnership between Microsoft and Mistral AI ("Mistral”), intended to assist Mistral in developing and deploying AI foundation models (“FMs”), did not qualify for.

Mergers 278
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Med tech stock Semler Scientific takes bitcoin play from MicroStrategy's book, surges 30%

CNBC: Investing

Semler Scientific saw its shares surge Tuesday after it said it has adopted bitcoin as its primary treasury reserve asset.

Stock 140
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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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Did the Seventh Circuit Just Sound the Death Knell for Mootness Fees?

JD Supra: Mergers

For decades, corporate merger and acquisition deals have been plagued by meritless claims asserting, typically, that the companies and their officers and directors have provided insufficient disclosures. Courts have sought to crack down on these lawsuits, but—as in the game of whack-a-mole—the plaintiffs bringing these lawsuits have adjusted their tactics to avoid the judicially imposed barriers.

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DOJ Antitrust Division Launches New Task Force on Health Care Monopolies and Collusion

JD Supra: Mergers

The U.S. Department of Justice’s Antitrust Division has intensified its scrutiny of healthcare platforms that integrate doctors with insurers, data, and other assets. Assistant Attorney General Jonathan Kanter described this trend as an “alarming” concentration of resources.

Insurance 177
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Shared Responsibility: How We Can All Ensure Election Security and Voter Confidence

Cisco: M&A

In 2024, voters in more than 60 countries—representing 4 billion people—will cast ballots. Some of the elections are far-reaching—such as the upcoming EU Parliamentary elections, which will span 27 countries from June 6 to 9.

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Key Takeaways from the New Egyptian Merger Control Guidelines

JD Supra: Mergers

The Egyptian merger control regime will enter into force on 1 June 2024. In anticipation of this, the Egyptian Competition Authority has published the relevant notification forms, as well as detailed guidelines and Q&As to assist parties in navigating this new regime and promote compliance. We highlight here some of the key features provided in the guidelines.

Mergers 172
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Navigating DORA (Digital Operational Resilience Act) with Secure Workload

Cisco: M&A

The Digital Operational Resilience Act (DORA) represents a shift toward establishing harmonized guidelines that can keep pace with the dynamic nature of cyber threats.

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Provide Real Value in Your Applications with Data and Analytics

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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What the new private sale process regime means for private equity investors

JD Supra: Mergers

The UK Takeover Panel (the Panel) has published a new framework for private sale processes. If you are a private equity investor considering potential P2P acquisitions after receiving initial soundings from management teams, then this new regime should be helpful in enabling early stage talks to happen in private.

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These robust companies may be primed to start offering a dividend, Wolfe says

CNBC: Investing

Meta Platforms and Alphabet announced dividends earlier this year. Wolfe highlights a few companies that may join their ranks.

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Federal Appeals Court Offers Additional Clarity on Requirements Contract Laws

JD Supra: Mergers

We previously previewed the issues presented in Higuchi Int’l Corp. v. Autoliv ASP, Inc., an appeal with potentially far-reaching implications for suppliers, in our March 22 and May 21 blog posts. Yesterday, the U.S. Court of Appeals for the Sixth Circuit issued its decision, offering additional clarity on the law of requirements contracts in the wake of the Michigan Supreme Court’s 2023 decision in MSSC, Inc. v.

IT 167
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Commerzbank streamlines cross-asset trading with migration to Murex platform

The TRADE

Commerzbank has moved to simplify and streamline its cross-asset trading with a migration onto Murex’s MX.3 platform. The bank has migrated its foreign exchange, commodities, derivatives, and equities onto the platform in a bid to simplify risk and trading. Now completed, the pair said the migration would help Commerzbank achieve business “expansion, consolidation, modernisation, and digitalisation” by improving speed to market and optimising efficiencies.

Trading 93
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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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T+1 Settlement Cycle to Take Effect on May 28, 2024

JD Supra: Mergers

Beginning May 28, 2024, the new T+1 settlement cycle will apply to most routine securities transactions, which means that the settlement period for most securities issuances and trades will shorten from two business days after the trade date to one business day after the trade date.1 White & Case issued a Client Alert on this topic in February 2023.

Trading 161
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Tuesday's analyst calls: Cruise stock gets an upgrade, regional bank to rally 30%

CNBC: Investing

A major cruise line operator and a bank in the Midwest were among the stocks being talked about by analysts on Tuesday.

Bank 113
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I Seen a Girl on a One-Way Corridor, Stealing Down a Wrong-Way Street – Tax Opportunities with ISOs in M&A

JD Supra: Mergers

by John Ludlum Incentive Stock Options (“ISOs”) have a somewhat legendary status as equity incentives for technology and other early-stage companies. It is true that ISOs are one of two types of equity awards that can achieve capital gains treatment on the entire appreciation value of the awards—profits and interests are the other type.

M&A 161
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This maker of seatbelts and airbags is a 'growth safe haven story,' says UBS in upgrade

CNBC: Investing

A Swedish auto parts maker traded in the U.S. can navigate broader industry headwinds and still find growth, UBS says.

Trading 113
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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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Updates to the UK National Security and Investment Act

JD Supra: Mergers

Key Points - Following our Alert last month addressing the United Kingdom Government’s intentions to improve the workings of the National Security and Investment Act 2021 (NSIA), the U.K. Government has now published two new sets of guidance - an updated “Section 3 Statement” and updated Market Guidance - designed to enhance comprehension of and compliance with the NSI regime, including.

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Investors have made these 9 AI plays their core holdings, Bank of America data shows

CNBC: Investing

The Wall Street firm looked at the holdings of U.S. large-cap equity mutual funds that are actively managed.

Investors 115
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Gas Explosion Rips Facade Off Ohio Building, Injuring at Least 7

The New York Times: Banking

One person was in critical condition at a hospital after the midafternoon episode in Youngstown.

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A bearish options trade on a beer stock that's breaking down

CNBC: Investing

Nishant Pant is analyzing Boston Beer (SAM) and sees an opportunity for a bearish trade.

Trading 108
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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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EE. UU. promueve la apertura de bancos a las empresas de Cuba

The New York Times: Banking

Las nuevas normas permitirán a los empresarios cubanos abrir cuentas bancarias en Estados Unidos, lo que facilitará su crecimiento y animará a otros cubanos a crear empresas.

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UBS says this little-known IT stock is primed to rally nearly 40%

CNBC: Investing

This IT stock's solid fundamentals give it a leg up above its peers, according to UBS.

Stock 104
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Exploring the role of cloud-based software in modern business operations

Global Banking & Finance

Exploring the role of cloud-based software in modern business operations In today’s fast-paced business environment, leveraging advanced technology is essential. One such innovation making waves is katanamrp.com, a cloud-based inventory and manufacturing software for small and medium-sized businesses. This tool provides real-time visibility into inventory levels, production planning and order management.

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Nasdaq and FIA Tech partner to improve resiliency of post-trade infrastructure

The TRADE

Nasdaq and FIA Tech have entered a partnership to reduce the complexity of post-trade data processing across the exchange traded derivative market. As part of the move, Nasdaq will integrate its clearing platform, Nasdaq Real-Time Clearing, into FIA Tech’s Trade Data Network. The Trade Data Network combines trade data from the buy-side, brokers, clearing houses and clearing members into a common framework, establishing a shared source of clearing activity for participating firms.

Trading 69
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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?

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Here are Tuesday's biggest analyst calls: Nvidia, Meta, Dell, Amazon, Apple, CrowdStrike, Netflix, Airbnb & more

CNBC: Investing

Here are Tuesday's biggest calls on Wall Street.

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Adam Neumann Gives Up on Buying Back WeWork

The New York Times: Mergers, Acquisitions and Dive

The co-founder of the shared-office company, who stepped down under pressure before the firm went bankrupt, announced an audacious takeover bid earlier this year.

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EE. UU. promueve la apertura de bancos a las empresas de Cuba

The New York Times: Banking

Las nuevas normas permitirán a los empresarios cubanos abrir cuentas bancarias en Estados Unidos, lo que facilitará su crecimiento y animará a otros cubanos a crear empresas.