Wed.May 15, 2024

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Key Takeaways from 2024 Asembia Specialty Pharmacy Summit

JD Supra: Mergers

Asembia’s 20th Annual Specialty Pharmacy Summit once again brought investors and operators in the specialty pharmacy ecosystem to Las Vegas for learning sessions and networking. Bass, Berry & Sims brought a team of four attorneys from our Specialty Pharmacy & Pharmaceuticals and 340B Program Services practice groups to join the fun.

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Distressed Acquisitions: Buying Creditors’ Claims to Obtain Control

Deal Lawyers

Wachtell recently published the 2024 edition of its “Guide to Distressed Investing, Mergers & Acquisitions.” This 230-page publication provides an in-depth review of the legal and process issues associated with acquiring or investing in distressed companies both in and out of bankruptcy proceedings.

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Australian Government Announces Procedural Reforms to Strengthen and Streamline Australia's Foreign Investment Policy

JD Supra: Mergers

The Situation: The Australian government has restated its commitment to foreign investment and announced procedural reforms to Australia's foreign investment framework. The government aims to attract the significant foreign capital inflows needed to support its priorities, while also protecting the national interest in an increasingly complex economic and geopolitical environment.

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‘Big Short’ investor Michael Burry piles into physical gold fund, making it his biggest bet

CNBC: Investing

Burry, who now manages hedge fund Scion Asset Management, bought more than 440,000 units of the Sprott Physical Gold Trust (PHYS).

Funds 145
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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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[Event] Medical Device Digital Health Conference - June 13th - 14th, San Francisco, CA

JD Supra: Mergers

Wilson Sonsini’s 31st Annual Medical Device & Digital Health Conference will address topics of critical importance to medical device and digital health companies, including early and late-stage venture financing, partnering strategies for AI and digital health, current and future AI trends in healthcare, and developments in M&A.

Medical 172

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Leto v. United States: How a Taxpayer’s Section 1202 Exclusion Could Have Been Saved

JD Supra: Mergers

In Leto v. United States, the taxpayer reincorporated an S corporation business into a C corporation, then the taxpayer later sold the shares in the C corporation and tried to exclude the gain from such sale under section 1202. The court denied the taxpayer’s gain exclusion under section 1202; however, proper structuring could have saved some, if not all, of that gain exclusion.

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Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buying

CNBC: Investing

His conglomerate Berkshire Hathaway has acquired nearly 26 million shares of Chubb for a stake worth $6.7 billion.

Insurance 145
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Scrutiny of U.S. Defense Contractor-Related M&A Activities Will Soon Intensify

JD Supra: Mergers

Current and future U.S. defense contractors, and entities interested in acquiring these contractors, should prepare for increased regulatory scrutiny of mergers and acquisitions (M&A) transactions. Congress is signaling that it will push for more oversight of M&A activities that specifically involve and affect the defense industrial base (DIB).

M&A 149
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Warren Buffett thinks taxes are on the way up. Why selling stocks in advance may not be a good call

CNBC: Investing

Preemptively trimming a stake in an appreciated stock may make sense for the billionaire investor's conglomerate, but may not be the best move for you.

Stock 115
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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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A New Day for Cisco’s Go-to-Market

Cisco: M&A

Over the last 40 years, Cisco has built one of most sophisticated and extensive Go-to-Market (GTM) engines in the industry. Today, we are taking the next step in that mission.

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Warren Buffett downsized his Apple stake for tax reasons. Here's what it means

CNBC: Investing

The Oracle of Omaha, who paid over $5 billion in corporate taxes in 2023, believes the corporate tax rate could go higher soon to help plug the fiscal deficit.

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Embracing the Platform Approach for Smart Scaling and Sustainable Growth

Cisco: M&A

Switching to a platform-based IT strategy can make growing a breeze, cutting through complexity and bolstering teamwork. It’s a smart, forward-thinking move that keeps things simple and sustainable.

IT 98
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These strong performers are still cheap as the S&P 500 hits a fresh all-time high

CNBC: Investing

Several stocks, from major U.S. airlines to a popular toymaker, are still ripe for the picking even as the broader market reaches record-high levels.

S&P 107
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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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Explore New Freedoms with Cisco Hypershield

Cisco: M&A

Cisco Hypershield places security enforcements exactly where and when it’s needed, seamlessly at cloud speed and in highly distributed environments. Check out more of its key benefits here.

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Offline UPI Payment – How To Make UPI Payment Without Internet?

Razorpay

Offline UPI transactions provide a solution for conducting digital transactions even in areas with poor network coverage. This service, based on the USSD code *99#, lets you perform various mobile banking transactions without an active Internet connection. You can transfer money, request funds, change your UPI PIN, and check your account balance anytime and anywhere.

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Announcing the Build for Better Code Challenge Winners

Cisco: M&A

We invited the Cisco DevNet community to use automation and AI to demonstrate the significant role technology can play in addressing tech's ecological footprint. We were blown away by the community participation.

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Bank loan loss reserves are high. What that means for the economy and earnings

CNBC: Investing

Banks are better prepared for loan losses than they were pre-pandemic, but where the economy goes next could determine if that is enough.

Bank 111
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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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Four ways DORA compliance is an opportunity for financial services organizations to accelerate digital transformation

Cisco: M&A

The Digital Operational Resilience Act (DORA) offers financial service institutions the chance to enhance operational resilience and competitive advantage through compliance, with Cisco providing a comprehensive suite of solutions to support FSIs in meeting these new regulatory requirements.

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Wednesday's analyst calls: Goldman bullish on Alphabet's AI plans, EV stock gets an upgrade

CNBC: Investing

Alphabet and a Chinese electric vehicle maker were among the names being talked about by analysts on Wednesday.

Stock 120
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Consumer prices rose 3.4 percent.

The New York Times: Banking

The Consumer Price Index, which will be released on Wednesday morning, could show price gains moderated a bit in April.

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Goldman says buy call options in these stocks set to benefit from an AI-driven energy demand surge

CNBC: Investing

AI and data centers will consume 8% of U.S. power demand by 2030, compared with 3% currently, according to Goldman projections.

Stock 105
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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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OTC Markets to launch overnight US dollar trading

The TRADE

OTC Markets has set out plans to launch a new overnight US dollar trading offering in the coming months in a bid to expand accessibility to the over-the-counter markets. Overnight trading takes place after market close and prior to the next day’s market open. Named OTC Overnight, the new offering will make OTC equity securities available for trading from Sunday through to Thursday between 8 pm and 4 am EST.

Trading 75
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Short squeezes driven by renewed meme enthusiasm about to violently reverse, says chart analyst

CNBC: Investing

The short squeeze rally over the past two days appears close to a violent reversal, according to Wolfe Research.

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Prime Drink Group Corp. Enters Into Definitive Agreement to Acquire Triani Canada Inc.

Global Newswire by Notified: M&A

MONTREAL, May 15, 2024 (GLOBE NEWSWIRE) -- Prime Drink Group Corp. (CSE:PRME) (“ Prime ” or the “ Company ”) announces that it has entered into a share purchase agreement dated May 14, 2024 (the “ Share Purchase Agreement ”) with 9296-0186 Québec Inc. (“ 9296 ”), the shareholders of 9296 (together with 9296, the “ Vendors ”), and Angelpart Ventures Inc., whereby the Company will acquire all of the issued and outstanding common shares (“ Triani Shares ”) of Triani Canada Inc. (“ Triani ”), subjec

Shares 81
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Warren Buffett's Berkshire Hathaway made a number of changes in its equity portfolio last quarter

CNBC: Investing

The Omaha-based conglomerate tweaked his energy exposure last quarter, along with other changes in its equity portfolio.

Portfolio 103
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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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Coinme Surpasses $1 Billion in Retail Sales, Marks a Decade of Championing Crypto Accessibility

Global Banking & Finance

Coinme Surpasses $1 Billion in Retail Sales, Marks a Decade of Championing Crypto Accessibility Coinme, the cryptocurrency-cash exchange best known for powering thousands of bitcoin ATMs, has reached a milestone in its effort to make crypto more accessible to mainstream consumers.

Retail 75
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Baupost’s Seth Klarman picked up a few AI-linked stocks in the first quarter

CNBC: Investing

The noted hedge fund investor added a sizable stake in web recommendation platform Outbrain last quarter.

Funds 109
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Embracing Machine-as-a-Service: Transforming Manufacturing

Cisco: M&A

Get ready to ride the wave of the future with Machine-as-a-Service (MaaS) — a concept that's set to revolutionize the manufacturing landscape. At Cisco, we're all about staying ahead of the curve, and we're here to help you navigate this thrilling new frontier. Let’s talk about the current state of things, what to expect, and how technology will play a role in the Manufacturing revolution.