Mon.Jul 29, 2024

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Canva acquires Leonardo.ai to boost its generative AI efforts

TechCrunch: M&A

Canva has acquired Leonardo.ai, a generative AI content and research startup, as the company looks to broaden the scope of its AI tech stack. The financial terms of the deal weren’t disclosed, but Canva co-founder and chief product officer Cameron Adams said it’s a mix of cash and stock. All of Leonardo.ai’s 120 employees will […] © 2024 TechCrunch.

IT 353
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Antitrust M&A Snapshot | Q2 2024

JD Supra: Mergers

UNITED STATES - - Agencies Revisiting Consummated Mergers - What’s old is new again, as agencies are increasingly scrutinizing consummated mergers from years past. In May 2024, the US Department of Justice (DOJ), Antitrust Division, together with 30 states and the District of Columbia, sued Live Nation, alleging monopolization and other claims. If successful, the lawsuit could result in Live Nation being forced to sell Ticketmaster despite regulators clearing the combination in 2010.

M&A 288
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Helping Business Owners Achieve Successful Exits: Proven Strategies for a Smooth Transition

How2Exit

E234: Helping Business Owners Achieve Successful Exits: Proven Strategies for a Smooth Transition - Watch Here About the Guest(s): Christine McDannell is the founder and principal intermediary of The Magnolia Firm, a boutique business brokerage firm. Boasting over 20 years of entrepreneurial experience, Christine has built, sold, exited, acquired, and merged numerous businesses.

Business 130
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China’s Updated Company Law: Impacts on Shareholders’ Rights

JD Supra: Mergers

China’s updated Company Law (the “new Law”) took effect on July 1, 2024. First promulgated on December 29, 1993, the PRC Company Law has undergone two substantial updates during its 30 years of development, the previous one undertaken in October 2005, and four less substantial amendments, the latest of which was in 2018.

IT 177
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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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Customer Focus: The Key to Transforming a Struggling HOA Company into a Success Story

How2Exit

E235: Customer Focus: The Key to Transforming a Struggling HOA Company into a Success Story - Watch Here About the Guest(s): Brian Shields is a seasoned acquisition entrepreneur with over 15 years of experience in investment banking, private equity, and business acquisition and management. After starting his career in New York's fast-paced financial sector, Brian transitioned into operations, gaining hands-on experience running businesses.

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2024 DGCL Amendments: The Impact of the “Donut Hole” on Pending Cases

Deal Lawyers

I don’t usually delay blogging about Chancery Court decisions, but I did last week after working my way through Vice Chancellor Laster’s opinion in Seavitt v. N-Able, (Del. Ch.; 7/24). The case is the latest in the series of post-Moelis cases challenging governance provisions in stockholders’ agreements working their way through the Chancery Court.

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Scammers Are Targeting Older Americans and Their Retirement Savings

The New York Times: Banking

Criminals on the internet are increasingly going after Americans over the age of 60 because they are viewed as having the largest piles of savings.

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New Vanguard CEO says improving customer experience is a 'very high' priority and AI could help

CNBC: Investing

Salim Ramji comes to Vanguard from rival BlackRock, making him the first outsider CEO for the roughly $9 trillion asset manager

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The Fed Is Impacting Our Election, Our Climate, Our Economy

The New York Times: Banking

The Fed’s refusal to lower interest rates is souring the public in an election year, harming vulnerable Americans, hindering the fight against climate change and potentially destabilizing the economy.

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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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Math and Money: Teaching Children the Basics of Personal Finance

Global Banking & Finance

One of the best things parents can do is to teach kids about money and management skills. Children who get a good financial education are better prepared to handle their own money as adults and to make wise choices about their spending and savings.

Finance 96
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Yields on cash are likely to drop. Put money to work here instead, Janus Henderson says

CNBC: Investing

For investors who need to get out of cash but have cold feet about adding duration, short-term bonds might be a nice incremental step.

Investors 109
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Unlock the Potential of AI/ML Workloads with Cisco Data Center Networks

Cisco: M&A

Harnessing data is crucial for success in today's data-driven world, and the surge in AI/ML workloads is accelerating the need for data centers that can deliver it with operational simplicity.

IT 98
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Coinbase could be ready to achieve a mainstream milestone that boosts the stock, predicts Oppenheimer

CNBC: Investing

Blockchain development in the U.S. is reaching a "monumental turning point," Oppenhimer said.

Stock 113
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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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German American Bancorp, Inc. and Heartland BancCorp Announce Definitive Merger Agreement

Global Newswire by Notified: M&A

JASPER, Ind. and WHITEHALL, Ohio, July 29, 2024 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (Nasdaq: GABC) (“German American”) and Heartland BancCorp (OTCQX: HLAN) (“Heartland”) jointly announced today that they have entered into a definitive agreement to merge Heartland into German American. Upon completion of the transaction, Heartland’s subsidiary bank, Heartland Bank, will be merged into German American’s subsidiary bank, German American Bank, and operate under a co-branded name within

Mergers 81
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Watch out. These stocks reporting this week, including Meta, are primed for huge moves postearnings

CNBC: Investing

Activity in the options market suggests that traders expect these stocks to see big moves after earnings.

Stock 107
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EuroCTP unveils advisory committee members

The TRADE

EuroCTP has unveiled the first members of its advisory committee – an independent body composed of leading industry participants aiming to exchange views and co-design ‘the best’ European consolidated tape. Through these discussions, all perspectives are set to be taken into account when it comes to defining how the tape will operate. Specifically, the committee members are: Christiane Baumgarten of Deutsche Börse; Emil Framnes of Norges Bank; Jessica Horsfall of Bloomberg; Bogumil Jezewski fr

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Here are JPMorgan's top drug stock picks into earnings

CNBC: Investing

These are JPMorgan's top drug picks heading into earnings.

Stock 110
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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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People Moves Monday: Millennium, Morgan Stanley, Citadel and more…

The TRADE

David Kirk is set to join Millennium, following almost three and a half years at Marble Bar Asset Management where he most recently served as a trader, The TRADE understands. Kirk joins the capital management firm with experience working as a trader on both the buy- and sell-side. Previously he worked as an equities and fixed income trader at James Hambro & Partners and before that as a high touch cash equities trader for Jefferies.

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Citi feels the heat over India’s job numbers

Financial Times - Banking

Reaction to forecasts by the bank point to the political sensitivity of research in the country

Bank 100
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Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Live Nation, 3M, Uber, Eli Lilly, Amazon, Coinbase & more

CNBC: Investing

Here are Monday's biggest calls on Wall Street.

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One Trading receives AFM approval for European crypto derivatives trading

The TRADE

The AFM has granted crypto-asset exchange One Trading an Organised Trading Facility (OTF) license, making the trading venue the first regulated derivatives exchange in Europe accessible to retail clients. The approval makes the exchange the only perpetual futures trading venue within the EU and the first European cash-settled perpetuals platform. The move also establishes One Trading as a Mifid II trading venue.

Trading 58
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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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Morgan Stanley's auto analyst Jonas names Tesla his top pick, sees 40% upside

CNBC: Investing

Tesla is successfully cutting costs and is exposed to notable growth drivers for the future, according to the analyst.

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Solganick Named a Top 25 Investment Bank by Axial, Q2 2024

Solganick & Co.

July 29, 2024 – Los Angeles and Dallas – Solganick has been named a Top 25 Lower Middle Market Investment Bank by Axial for Q2 2024. Axial released its Q2 2024 Lower Middle Market Investment Banking League Tables. To assemble this list, Axial reviewed the deal-making activities of 404 investment banks and advisory firms that met the qualifications to be considered for league tables last quarter.

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World stocks gain, US yields fall at start of jam-packed week

Global Banking & Finance

By Chris Prentice and Wayne Cole NEW YORK/SYDNEY (Reuters) -Global stocks advanced and longer-dated U.S. yields slipped on Monday, at the start of a week jammed with earnings and a trio of central bank meetings that could see the United States and Britain open the door to interest rate cuts. U.S.

Stock 52
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International Petroleum Corporation Announces Results of Normal Course Issuer Bid

Global Newswire by Notified: M&A

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 230,519 IPC common shares (ISIN: CA46016U1084) during the period of July 22 to 26, 2024 under IPC’s normal course issuer bid / share repurchase program (NCIB).

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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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Factbox-Britain shakes up listings rules to attract investment

Global Banking & Finance

LONDON (Reuters) – Britain’s biggest reform of company listing rules in over three decades takes effect on Monday on the London Stock Exchange, a measure intended to help it compete more effectively with New York and the European Union after Brexit.

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Collegium to Acquire Ironshore Therapeutics, Expanding into Neurology

Global Newswire by Notified: M&A

– Adds Commercial Product Jornay PM®, Establishing Collegium’s Presence in Neurology (ADHD) – – H1’24 Jornay PM Prescriptions Grew 32%.

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How GFT’s Marco Santos is Guiding Banks Through a New Digital Frontier

Global Banking & Finance

When Marco Santos began his journey with digital transformation company GFT almost 13 years ago as the Country Manager of Brazil, the market was a completely new frontier for the company—and for Marco, who accepted the challenge of building the business completely from scratch.

Banking 52