Fri.Oct 27, 2023

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Quarterly Cartel Catch-Up: Recent Developments in Criminal Antitrust for Busy Corporate Counsel ? 3rd Quarter 2023

JD Supra: Mergers

The third quarter of 2023 was eventful for both domestic and international cartel enforcers. In the United States, the Department of Justice (DOJ) continues to revamp policies to sharpen its enforcement efforts. On October 4, 2023, the Deputy Attorney General announced a safe harbor for merging parties to self-report criminal violations—not just antitrust violations—for up to six months after the transaction closes.

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‘Big Short’ Michael Burry takes a victory lap after calling the tech-led market correction

CNBC: Investing

Michael Burry, best known for calling the subprime mortgage crisis, added a new notch in his belt by predicting the latest market correction.

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[Video] What You Need to Know About the New FTC and DOJ HSR Changes

JD Supra: Mergers

Continuing a more aggressive posture toward corporate mergers, the Department of Justice and Federal Trade Commission recently announced new HSR rules that dramatically change and expand the amount and type of information that needs to be submitted with HSR filings. How will this impact future M&A activity and Second Requests? Brian Rafkin, counsel in Akin’s antitrust and competition practice, joins the podcast to examine the new HSR rules and their potential implications.

M&A 183
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BuzzFeed in Advanced Talks to Sell Complex, Backtracking on Digital Media Bet

The New York Times: Mergers, Acquisitions and Dive

BuzzFeed is negotiating a sale of much of Complex Networks for under $140 million, less than half of what it paid to acquire it two years ago.

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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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Is Planet Merger Control becoming uninhabitable? - Observations on the increasingly shaky statics of international merger control

JD Supra: Mergers

Merger and acquisition (M&A) transactions are facing ever longer regulatory reviews and an increasingly uncertain outcome. Less than a decade ago, it seemed we were on a clear path to substantial international convergence, and the "community" understood that it is difficult to hold transactions together over long periods of regulatory uncertainty, so various initiatives to speed up global deal reviews were considered.

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A New Port in a Storm: Comparing the M&A Safe-Harbor Policy With Leniency

JD Supra: Mergers

DOJ’s announcement of a safe harbor for voluntary self-disclosure in the context of acquisitions is the latest policy change in support of its effort to incentivize compliance, empower compliance professionals, and make compliance a cost-savings center. It also heightens the importance of diligence and post-acquisition investigation to unearth acquired misconduct within the policy’s short, six-month window for self-disclosure.

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10-27-2023 Newsletter: From Investment Banking to Media & Entertainment

OfficeHours

Bring Questions for Rhea Harsoor TODAY at 3PM ET! How does one go from IB to Media? Transitioning from a career in investment banking to the dynamic world of media may seem like a significant shift. However, with the right strategy and thoughtful planning, this transition is indeed possible… learn more from prior webinar attendees with the link below!

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Antitrust M&A Snapshot - Q3 2023

JD Supra: Mergers

UNITED STATES - Proposed Merger Guidelines Outline Fundamental Change of Approach to Merger Investigation and Enforcement - On July 19, 2023, the Federal Trade Commission (FTC) and the US Department of Justice (DOJ) released new proposed merger guidelines. The agencies have requested comments on these new guidelines and will work to finalize them in the coming months.

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Here are Friday's biggest analyst calls: Apple, Intel, Rivian, ResMed, Amazon, Enphase, Southwest & more

CNBC: Investing

Here are Friday's biggest calls on Wall Street.

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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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Brussels Regulatory Brief: October 2023

JD Supra: Mergers

Antitrust and Competition - European Commission Prohibits US$1.7 Billion Merger in Online Travel Agency Sector - On 25 September 2023, the European Commission (Commission) prohibited, under Council Regulation (EC) No 139/2004 (EU Merger Regulation), a merger in the online travel agency sector.

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Here are the most oversold stocks due for a bounce following the market's tough week

CNBC: Investing

CNBC Pro used FactSet data to screen for the most overbought and oversold names in the S&P 500 based on their 14-day relative strength index, or RSI.

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Blakes Competitive Edge™: October 2023 Update

JD Supra: Mergers

Welcome to the October issue of Blakes Competitive Edge, a monthly publication of the Blakes Competition, Antitrust & Foreign Investment group. Blakes Competitive Edge provides an overview of recent developments in Canadian competition law and foreign investment, including updates on enforcement activity by the Canadian Competition Bureau (Bureau), recent initiatives and key trends.

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Amazon shares surge after Q3 earnings surpass expectations. Here's what the pros say

CNBC: Investing

Pros on CNBC discussed Amazon after the company reported third-quarter results that beat on the top and bottom lines.

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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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Increased Importance of Corporate Compliance Rises With New Department of Justice Safe Harbor Policy

JD Supra: Mergers

Compliance assessments can be a valuable tool during the mergers and acquisitions process, but the Department of Justice (DOJ) is incentivizing due diligence reviews under a newly announced policy. Deputy Attorney General Lisa Monaco announced the Safe Harbor Policy earlier this month during a speech about compliance and ethics.

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M&A Voluntary Self-Disclosure Safe Harbor: Tips for Acquirers

Deal Lawyers

Last week, John blogged about the DOJ’s new “Mergers & Acquisitions Safe Harbor Policy” intended to incentivize voluntary self-disclosure of wrongdoing uncovered during the M&A process, which Deputy AGs had previewed in a speech and multiple prior comments. This Wilson Sonsini alert describes how acquirers can apply the policy and gives five practical suggestions: 1.

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Food Venture Financing News - Weekly Issue No.166

JD Supra: Mergers

Food Venture Financing Trends - - Ferrara Candy announced that it plans to buy Jelly Belly Candy, the prominent jelly bean business, for an undisclosed amount. - Tyson Foods announced that it plans to make a strategic minority investment in Protix, an insect protein startup company.

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Russia’s Central Bank Raises Rates to 15 Percent to Curb Inflation

The New York Times: Banking

The jump, from 13 percent, would bring a long period of “tight monetary conditions” in order to ease price pressures, the bank said.

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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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DOJ Safe Harbor Policy for Mergers & Acquisitions Encourages Voluntary Disclosure

JD Supra: Mergers

The Department of Justice (DOJ) recently unveiled a policy for voluntary disclosure of misconduct in mergers and acquisitions (M&A). This is another in a series of recent initiatives relating to corporate compliance, including updates to relevant guidance and corporate voluntary self-disclosure.

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These stocks reporting next week typically beat the Street and rally

CNBC: Investing

Nearly 30% of the S&P 500 is reporting earnings next week. The following stocks have a history of beating estimates.

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Empowering Partner Success: How Cisco’s PXP Transforms the Partner Experience

Cisco: M&A

Four and a half years ago, I came into Partner Performance with one primary goal – simplifying a complex environment. I know that goal resonates with many of our partners across the globe!

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Vanguard's bond chief expects a recession in 2024. Here's how she's preparing her funds

CNBC: Investing

Sara Devereux, the global head of fixed income at Vanguard's Investment Management Group, spoke exclusively to CNBC's Bob Pisani.

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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 Post-Gorman Era Begins

The New York Times: Banking

Wall Street’s most closely watched succession saga ended with the selection of Ted Pick as the bank’s next leader. But he now must keep the momentum going.

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Analyst calls: All the market-moving chatter from Wall Street on Friday morning

CNBC: Investing

Check out the market-moving analyst calls and latest chatter on Wall Street today.

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What is Payment Security? Actionable Guide to Securing Your Online Payments

Razorpay

The internet has revolutionised the way businesses collect customer payments. However, fraud vulnerabilities and security breaches make internet security a challenging task. As a business owner, you must strive to deliver an excellent payment experience to your customers when they make payments through different online payment channels. This can be achieved by having sufficient security measures in place.

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A cautious way to bet on a bounce in one of the broken 'Magnificent Seven' stocks

CNBC: Investing

To capture elevated options premium while still feeling comfortable in potentially owning the stock, selling a put spread is the prudent approach.

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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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Sica | Fletcher Maintains #1 Spot as Leading Advisor In the M&A Industry

Sica Fletcher

S&P Global’s 2023 September YTD Market Intelligence League Table Released NEW YORK, NY - October 27, 2023 - Sica | Fletcher, a premier financial advisory firm, retains its commanding presence in the #1 spot on S&P Global’s Market Intelligence League Table, a position the firm has held quarter-over-quarter since 2017. The S&P Global Market Intelligence League Table reveals that Sica | Fletcher closed 78 M&A deals year-to-date, with a significant focus on insurance-related transact

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The Fed decision and jobs report are in the week ahead as Wall Street wraps up a brutal month

CNBC: Investing

Investors will seek a shift in focus from Fed Chair Jerome Powell's comments next week.

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Combating retail theft & fraud

Cisco: M&A

Shrink in retail, and more specifically, theft & fraud components, have long been accepted as a cost of doing business.

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