Wed.May 01, 2024

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Corporate Transparency Act: Beware of Filing Scams

JD Supra: Mergers

Since the Corporate Transparency Act took effect on January 1, 2024, scammers have seized the opportunity to send notices to owners of recently formed companies offering “filing services.” In response to these scams, FinCEN posted an alert on the Beneficial Ownership Information homepage stating, “FinCEN has learned of fraudulent attempts to solicit information from individuals and entities who may be subject to reporting requirements under the Corporate Transparency Act.

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DE Chancery: “Commercially Reasonable” Doesn’t Require Actions Beyond Buyer’s Self-Interest

Deal Lawyers

Himawan v. Cephalon, Inc. (Del. Ch.; 4/24) presents a familiar fact pattern in life-sciences M&A. The target biotech company was developing one main asset for two possible indications. In its acquisition by Cephalon, its stockholders were entitled to “milestone” payments tied to regulatory approval of the asset for those indications.

M&A 124
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Navigating Immigration Challenges in Corporate Mergers and Acquisitions

JD Supra: Mergers

In the intricate processes of mergers and acquisitions, the focus often lands squarely on financials, asset management, and strategic alignments. However, an equally crucial aspect that demands attention is the impact of these transactions on the workforce, particularly where that workforce includes foreign nationals employed under various visa conditions.

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Microsoft signs deal to invest more than $10 billion on renewable energy capacity to power data centers

CNBC: Investing

Microsoft and Brookfield Asset Management will develop 10.5 gigawatts of renewable energy, in a deal they describe as the largest of its kind.

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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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US Regulators Announce Inquiry Into Healthcare Consolidation

JD Supra: Mergers

Companies should prepare for increased regulatory scrutiny into healthcare transactions and increased emphasis on compliance programs. The Federal Trade Commission (FTC), the Department of Justice (DOJ), and the Department of Health and Human Services (HHS) have announced a new public inquiry into the impact of corporate consolidation and practices in the healthcare sector, with a focus on what they are calling “corporate greed in healthcare.

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The FDIC's Tougher Policy on Mergers - Why It Matters for Banks and Fintechs

JD Supra: Mergers

The FDIC proposed revisions last month to its existing policy on how it evaluates merger transactions that require the FDIC's approval under the Bank Merger Act (BMA).

Mergers 167
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These are the stocks with the most to gain or lose from the Fed decision

CNBC: Investing

Watch for Federal Reserve Chair Jerome Powell's comments on Wednesday and what that means for these interest-rate-sensitive stocks.

Stock 113
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Reducing Litigation Risk in M&A Transactions and Regulatory Compliance

JD Supra: Mergers

Litigation rarely occurs in a vacuum. While no one has a crystal ball, and no in-house counsel can correctly predict every future dispute, examining litigation trends and data can help companies and their legal departments identify and avoid many risks when engaging in M&A transactions or regulatory compliance activities.

M&A 161
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Which Programming Language to Choose for AI?

Cisco: M&A

Did you ever ask ChatGPT how it was programmed? Or which programming language might be useful when you are about to create or test new AI application features?

IT 105
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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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The Drawbacks Of Banking Regulators' Merger Review Plans

JD Supra: Mergers

The Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency recently announced proposals to update their approaches to evaluating bank mergers and other business combinations under the Bank Merger Act. Originally published by Law360 - April 26, 2024.

Mergers 161
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A tip from the charting pros for navigating this difficult market

CNBC: Investing

Frank Cappelleri reviews a tactic used by technical analysts to cut through the noise and gain some clarity on what can be some confusing stock charts.

Stock 106
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Faster, Stronger, and Simpler? Australia’s New Merger Control Regime

JD Supra: Mergers

On 10 April 2024, Australia’s Federal Government announced far-reaching reforms to its merger control regime, most notably the introduction of a new single, mandatory and suspensory, merger control system. The reform package is due to come into effect from 1 January 2026 and will align Australia’s regime for reviewing M&A transactions from a competition perspective with the majority of other merger control regimes globally.

Mergers 155
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Diversify your Big Tech holdings into these other stocks with similar traits, recommends Barclays

CNBC: Investing

While Big Tech valuations look reasonable to Barclays, the firm said they're "not the only game in town" and suggested investors diversify their portfolios.

Valuation 101
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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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Takeover Panel Consults on Narrowing Scope of Companies Subject to Code

JD Supra: Mergers

Overview- The City Code on Takeovers and Mergers (the “Code”) contains a number of traps for the unwary, not least that it can extend to unlisted companies or companies with overseas listings, with seemingly limited nexus to the UK public markets.

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Bitcoin losses could steepen after the cryptocurrency breaks below $60,000, analysts say

CNBC: Investing

The bitcoin sell-off could get worse before it gets better, according to analysts who look only at price charts.

IT 120
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Rhode Island AG Approves Merger of Media Companies

JD Supra: Mergers

On April 23, Rhode Island Attorney General (AG) Peter Neronha, approved the merger of Rhode Island PBS and The Public’s Radio.

Mergers 177
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Beyond visibility, there’s observability

Cisco: M&A

Organizations are shifting to observability over the entire application stack to achieve exceptional, secure, performant digital experiences Whether managing supply chains, transferring funds,… Read more on Cisco Blogs

Funds 96
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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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Once-hot AI play Super Micro is getting crushed, but most analysts are staying bullish

CNBC: Investing

Despite Wednesday's pullback, major Wall Street banks are optimistic about Super Micro's long-term prospects for the most part.

Bank 104
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CFTC announces changes to large trading reporting for futures and options

The TRADE

The CFTC has approved updates to its large trading reporting regulations for futures and options. The updated regulations call for future commission merchants, clearing members, foreign brokers and reporting firms to report position information for the largest futures and options traders to the Commission. The finalised rules substitute the data elements listed in the CFTC’s regulations with an appendix specifying applicable data elements.

Trading 68
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Viking is the biggest IPO of the year, capping off a huge month for IPOs

CNBC: Investing

Eighteen IPOs raised a combined $5.3 billion in April, according to Renaissance Capital, the busiest month since November 2021.

IPO 108
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4 Takeaways from Hannover Messe 2024

Cisco: M&A

Hannover Messe is an event focused on “what’s next” for manufacturers. It’s an opportunity to showcase our innovation, sustainability, and business value.

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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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Lock in attractive real yields with this inflation-protected investment, says UBS

CNBC: Investing

After UBS upgraded 5-year TIPS to most preferred in August, the firm is now recommending to move further out the curve.

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Savage Acquires Texon - Strengthens its Position in the Midstream Energy Space

Global Newswire by Notified: M&A

SALT LAKE CITY, May 01, 2024 (GLOBE NEWSWIRE) -- Savage , a global provider of supply chain infrastructure and solutions, has acquired Texon , a Houston, Texas-based midstream service provider of butane blending and energy marketing. The addition of Texon and its team, which will continue to operate under its legacy brand, significantly bolsters Savage’s existing energy business.

IT 64
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Beware AI stocks trading at rich valuations. How to profit from a pullback using options

CNBC: Investing

Tony Zhang sees further downside in many of the AI-focused stocks and explains how to trade it using options.

Trading 105
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DTCC connects Saphyre’s trade solution to ALERT platform

The TRADE

The Depository Trust and Clearing Corporation ( DTC C ) is collaborating with Saphyre to provide a combined solution to support clients with the T+1 settlement requirements. Gabino Roche As part of the tie-up, Saphyre’s Ready-To-Trade solution will be linked with data from DTCC’s ALERT with a view to increasing transparency and efficiency in the institutional trading market.

Trading 63
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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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Earnings playbook: Beware of these stocks reporting soon where analysts are slashing their earnings expectations

CNBC: Investing

These names have seen big drops in what analysts expect them to report for earnings.

Stock 108
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Fed Holds Rates Steady, Noting Lack of Progress on Inflation

The New York Times: Banking

The Federal Reserve left interest rates unchanged for a sixth straight meeting and suggested that rates will stay high for longer.

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Analysts bail on Starbucks with 2 downgrades, slashed price targets. 'Stunning across-the-board miss,' says Blair

CNBC: Investing

Starbucks' fiscal second-quarter earnings and revenue fell short of analyst estimates, driven by a surprise decline in same-store sales.

Sale 87