Fri.Aug 23, 2024

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What Is an Assignment for the Benefit of Creditors and How Does It Differ From a Bankruptcy? - Creditor’s Rights Toolkit

JD Supra: Mergers

An assignment for the benefit of creditors (ABC) is a process by which a financially distressed company (referred to as the assignor) transfers its assets to a third-party fiduciary (referred to as the assignee). The assignee is responsible for liquidating those assets and distributing the proceeds to the assignor's creditors, pursuant to the priorities established under applicable law.

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Fed Chair Powell Signals Interest Rate Cuts in Jackson Hole Speech

The New York Times: Banking

Jerome H. Powell used a speech in Jackson Hole to signal that the Federal Reserve will begin to cut rates on Sept. 18, and to voice wariness about the job market.

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What You Should Know: Q&A Covering the Hart-Scott-Rodino Antitrust Improvements Act Of 1976, 15 U.S.C. § 18a

JD Supra: Mergers

What is the Hart-Scott-Rodino (HSR) Act? The HSR Act revamped the Federal government’s review of mergers and acquisitions to require premerger notification of transactions of a certain size and character and implemented a waiting period prior to consummating the transactions.

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New Podcast Series: “Understanding Activism with John & J.T.”

Deal Lawyers

We’re excited to announce the launch of “Understanding Activism with John & J.T.” – a new podcast series available to members of TheCorporateCounsel.net and DealLawyers.com. Orrick’s J.T. Ho will be John’s co-host for these podcasts.

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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 Entrepreneurs Report – 1H 2024

JD Supra: Mergers

In this latest issue of The Entrepreneurs Report, we’ve compiled a range of data on venture, convertible note, and SAFE financing transactions in which the firm was involved during the second quarter of 2024, with the objective of identifying relevant trends in activity and valuation levels for the U.S. venture capital industry in general.

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Dental/DSO Intelligence Monthly Report: July/August 2024

JD Supra: Mergers

Background on Indiana’s “Baby HSR” Law - Indiana passed Senate Bill 9 in March 2024, which requires an Indiana healthcare entity involved in a merger or acquisition with another healthcare entity with a value of at least $10MM to provide a 90-day pre-closing notice to the Office of the Indiana Attorney General (“Indiana AG”) of certain healthcare transactions.

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Traders are confident Nvidia stock will rise after earnings, according to options market

CNBC: Investing

Nvidia is set to report its latest results Aug. 28, and the numbers could serve as a gut check not only for the chipmaker, but also for the entire stock market.

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CFIUS Annual Report Touts an Increase in Penalties and Efficiency in Transaction Reviews

JD Supra: Mergers

While the total number of filings declined in comparison to recent years, CFIUS's latest Annual Report to Congress highlights an uptick in penalties and an increased use of enforcement tools relating to national security-focused transaction reviews.

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Surging China EV sales weigh on oil demand, Goldman says Brent could fall to $68 per barrel by next year

CNBC: Investing

China has been the pillar of growth for the oil global market over the past 20 years, but EV sales are eroding demand.

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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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Another Delaware Corporation Announces Stockholder Approval Of Nevada Reincorporation

JD Supra: Mergers

I continue to be on the lookout for Delaware corporations that have made the decision to reincorporate in Nevada. Last Friday, Elevai Labs Inc. filed a preliminary information statement with the Securities and Exchange Commission disclosing that its stockholders had "approved the re-domestication of the Company from a Delaware corporation to a Nevada corporation".

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Founder’s Five: Lewis Johnson, Alelo

Tyton Partners

Founder’s Five is a continuing series from Tyton Partners that invites education company founders to shed light on their own success and illuminate the landscape for other education entrepreneurs and investors by answering five basic questions. Dr. W. Lewis Johnson founded Alelo to better prepare individuals for challenging conversations, acquire knowledge, develop new skills, and improve their performance.

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Middle Market M&A Planning: What is Rollover Equity?

JD Supra: Mergers

The term “rollover equity” is frequently used in discussions about the sale of middle market companies (which often is described as meaning companies with enterprise values from $10 million to $1 billion[1]), but frequently is not well understood by people selling middle market companies (particularly founder or family-owned companies). It generally means the ownership / equity interest that the seller(s) will own in the buyer after the sale transaction closes.

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Myth-Busting Assurance: Device-Centric vs. Service-Centric and Why Both Are Key

Cisco: M&A

This blog compares user experience insights offered by device-level vs. service-level assurance. Learn which approach to assurance can help you gain a valuable customer-centric view.

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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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Healthcare & Life Sciences Private Equity Deal Tracker: Fort Point Acquires NewBold

JD Supra: Mergers

Fort Point Capital has announced its acquisition of NewBold Corp. NewBold, founded in 1994 and based in Greenville, South Carolina, is a provider of managed technology services to healthcare and other industries.

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Eik fasteignafélag hf.: Fyrirhugað yfirtökutilboð í hlutabréf Eikar fasteignafélags hf.

Global Newswire by Notified: M&A

Eik fasteignafélagi hf. hefur borist meðfylgjandi tilkynning um fyrirhugað yfirtökutilboð Langasjávar ehf. í allt hlutafé Eikar fasteignafélags hf.

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Northrop Grumman is among the most overbought stocks on Wall Street. Here are others

CNBC: Investing

Some stocks have climbed so high, so fast that they are now regarded as "overbought.

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Global Newswire by Notified: M&A

Westford, USA, Aug. 23, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that global Smart Retail Market will attain a value of USD 299.74 Billion by 2031, with a CAGR of 29% over the forecast period (2024-2031). The smart retail market mixes traditional purchasing processes with modern technologies. It incorporates cutting-edge technology into the retail business, including Artificial Intelligence (AI), Virtual Reality (VR), Augmented Reality (AR), and the Internet of Things (IoT), to improve custome

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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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How to Pay Off Credit Card Debt and Deal With Rising Bank Fees

The New York Times: Banking

More borrowers have been falling behind on their credit card bills and are paying more for basic banking services, like A.T.M. fees.

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Fireside Friday with… Broadridge Financial Solutions’ Chris Perry

The TRADE

What are the top challenges facing the buy- and sell-side when it comes to technology? One of the underlying challenges is an over reliance on legacy technology and inadequate IT infrastructure. The shortening of settlement cycles across markets and asset classes, combined with increasing trade volatility, is creating new pressures on manual operational processes for both buy- and sell-side participants across multiple trade lifecycle functions.

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Fed’s Powell Signals an Upcoming Rate Cut in Jackson Hole Remarks

The New York Times: Banking

Jerome H. Powell indicated the Federal Reserve will begin to cut interest rates in September, but stopped short of stating how large that move might be.

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Here are Wolfe's favorite stocks as market approaches fresh record

CNBC: Investing

"While we expect continued choppy trading in the market, we expect companies with solid fundamentals to outperform," Wolfe Research's Chris Senyek said.

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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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Form 8.3 - [ECKOH PLC - 22 08 2024] - (CGWL)

Global Newswire by Notified: M&A

FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the.

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Founder’s Five: Lewis Johnson, Alelo

Tyton Partners

Founder’s Five is a continuing series from Tyton Partners that invites education company founders to shed light on their own success and illuminate the landscape for other education entrepreneurs and investors by answering five basic questions. Dr. W. Lewis Johnson founded Alelo to better prepare individuals for challenging conversations, acquire knowledge, develop new skills, and improve their performance.

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Tradefeedr and FactSet collaborate on FX trading data and analytics

The TRADE

FX analytics provider Tradefeedr and execution management system FactSet Portware have integrated their offerings to expand FX trading data and analytics. As part of the deal, clients of FactSet will be able to connect to Tradefeedr’s analytics services via its Portware EMS. “Our clients are increasingly demanding advanced FX analytics, to inform their decisions and improve trading outcomes,” said John Marchese, VP head of FX EMS sales at FactSet.

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Wall Street cheers Powell speech, but risks remain. This options trade capitalizes on a potential move lower

CNBC: Investing

I believe the Fed will remain data dependent, which should temper euphoria and keep the S&P 500 in its 2024 range.

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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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If Your Debt Is Ballooning, There Are Steps You Can Take

The New York Times: Banking

More borrowers have been falling behind on their credit card bills and are paying more for basic banking services, like A.T.M. fees.

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Fighting financial crime: How the property sector can keep up with evolving regulations

Global Banking & Finance

By Phil Cotter, CEO, SmartSearch Selling and buying property is an ideal cover to carry out money laundering, with criminals investing £6.7bn of suspicious funds into UK property since 2016. Data from HM Land Registry also shows the number of attempted property frauds has increased by 70% in the last five years.

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Prestige Wealth Inc. Announces Acquisition of Wealth AI, an AI-Driven Wealth Management Solution Provider

Global Newswire by Notified: M&A

HONG KONG, Aug. 23, 2024 (GLOBE NEWSWIRE) -- Prestige Wealth Inc. (NASDAQ: PWM) (“PWM”, or the “Company”), a wealth management and asset management services provider based in Hong Kong, today announced that, on August 20, 2024, it entered into a definitive acquisition agreement pursuant to which PWM will purchase all shares of SPW Global Inc, a company incorporated under the laws of the British Virgin Islands, which in turn wholly owns Wealth AI PTE LTD. or Wealth AI, a company incorporated unde