Mon.Oct 21, 2024

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FTC and State AGs Settle with Marriott over Starwood Data Breaches

JD Supra: Mergers

Our Consumer Protection/FTC and Privacy, Cyber & Data Strategy teams unpack Starwood Hotels’ and Marriott International’s settlements with the Federal Trade Commission and Marriott’s settlement with state attorneys general over three data breaches.

Trading 200
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Building a Digital Empire: Michael Swigunski’s Journey from Digital Nomad to SaaS Entrepreneur

How2Exit

E250: Building a Digital Empire: Michael Swigunski’s Journey from Digital Nomad to SaaS Entrepreneur - Watch Here About the Guest(s): Michael Swigunski is a global entrepreneur, author, TEDx speaker, and digital nomad. Having been an early employee at Empire Flippers, Michael played a critical role in the rise of one of the world's largest online businesses for buying and selling digital assets.

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Changes to the Cayman Islands Beneficial Ownership Regime

JD Supra: Mergers

On 31 July 2024, the Cayman Islands Beneficial Ownership Transparency Act, 2023 (“BO Act”) and the accompanying Beneficial Ownership Transparency Regulations, 2024 (“BO Regulations”) were brought into force. At the same time, Guidance on Complying with Beneficial Ownership Obligations in the Cayman Islands (“BO Guidance Notes”) was published on the General Registry’s website.

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From $3M to $11M in 3 Years: Nikolas Hulewsky's Entrepreneurial Secrets Revealed!

How2Exit

E251: From $3M to $11M in 3 Years: Nikolas Hulewsky's Entrepreneurial Secrets Revealed! - Watch Here About the Guest(s): Nicholas Hulewsky is a seasoned entrepreneur and investor with a rich background in healthcare and mergers and acquisitions. Growing up as the son of an immigrant in a large and financially struggling family, Nicholas learned the value of hard work and opportunity at an early age.

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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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Healthcare Trends & Transactions Q3 2024

JD Supra: Mergers

In the healthcare mergers and acquisitions (M&A) market, while deal volumes varied across different sectors, by and large the sure and steady pace of deal volume in Q2 continued into Q3. Moreover, several positive developments in Q3—namely, the Federal Reserve (finally) cutting interest rates, the courts striking down the Federal Trade Commission’s (FTC) national ban….

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Growing Interest in Utilising Equity Commitment Letters in the Context of Sponsor Margin Loans

JD Supra: Mergers

Equity Commitment Letters (ECL) are legal documents pursuant to which one party (typically the main fund or multiple funds managed by the sponsor) (the ECL Provider) commits to providing a certain amount of capital, usually cash, to another party (typically the borrower or borrowers owning the shares that back an underlying loan agreement) (the ECL Receiver) if certain triggers occur.

Equities 167
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Meet David Hoffmann, the Florida Billionaire Buying Up Print Newspapers

The New York Times: Mergers, Acquisitions and Dive

David Hoffmann has already bought 5 percent of one of America’s largest newspaper companies. Now, he wants to control the whole thing.

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FTC Announces New Premerger Notification Form

JD Supra: Mergers

On October 10, 2024, the Federal Trade Commission (“FTC”), with the concurrence of the Antitrust Division of the Department of Justice, (the “DOJ”, and together, the “Agencies”) voted unanimously to adopt new premerger notification rules (the “Final Rule”) that implement the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”).

Trading 167
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Diversify away from the growth concentration in the S&P 500, says value investor Bill Nygren

CNBC: Investing

There are too many investors in the so-called Magnificent Seven and it's time to move away from them, according to value investor Bill Nygren.

S&P 115
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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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FTC Issues Final HSR Rules Transforming the Merger Review Process

JD Supra: Mergers

On 10 October 2024, the Federal Trade Commission (FTC) issued final changes to the rules implementing the Hart-Scott-Rodino Act (HSR). In announcing the final rule, the FTC stated that it is “responding to changes in corporate structure and deal-making, as well as market realities in the ways businesses compete, that have created or exposed information gaps” hindering the agencies’ ability to conduct premerger review.

Mergers 161
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Leaders in Trading 2024: Industry Person of the Year shortlist revealed

The TRADE

The TRADE is delighted to announce the shortlisted nominees for the Industry Person of the Year Award 2024. As one of the most anticipated awards of the year, the recognition is designed to celebrate those individuals who have made a significant impact on their own organisation and, equally, the industry externally, with a commitment to bettering and future proofing the markets for years to come.

Trading 98
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Can AI Replace Insurance Agents? Not if They Know How to Prepare

Global Banking & Finance

Written By Sanket Das Artificial intelligence (AI) is transforming the insurance sector by automating routine tasks like policy servicing, customer queries, endorsements, and policy updates, allowing agents to focus on more complex and strategic roles.

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JPMorgan issues short-term buy call on China electric car stock

CNBC: Investing

Looming near-term catalysts could send Xpeng shares higher, according to the Wall Street bank.

Stock 120
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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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Living Our Purpose Through Pro Bono

Cisco: M&A

It’s remarkable what can be achieved when a motivated global team is aligned with a clear mission. At Cisco, our purpose is to power a more inclusive future for all. And within Cisco Legal, we live this purpose through pro bono.

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KKM Financial's Essential 40 stock fund is now an ETF

CNBC: Investing

Many asset managers have been converting their mutual funds to ETFs in recent years, due in part to a 2019 SEC rule change.

Funds 100
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Broadridge to support OTC derivatives reporting across various jurisdictions

The TRADE

Broadridge Financial Solutions has confirmed its preparedness to support new OTC derivatives reporting requirements by the Monetary Authority of Singapore (MAS) and the Australian Securities and Investments Commission (ASIC) expected to go live on 21 October. Broadridge added that it is also expanding its offerings to include other updated regulatory regimes and asset classes, including the Canadian rewrite scheduled for July 2025 and the Hong Kong rewrite slated for September 2025.

Trading 63
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Silver is breaking out and has potential to outperform gold ahead, says Katie Stockton

CNBC: Investing

The technical analyst looks at charts on the iShares Silver Trust.

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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: Groupama AM, Citi, SGX FX and more…

The TRADE

Eric Heleine, head of the buy-side trading desk at Groupama Asset Management, is set to step away from the firm before the end of the year, as revealed by The TRADE. His departure comes in the wake of the new Groupama-Amundi partnership – which he has led for the last two years. Heleine is not set to join the new offering, and instead will be moving on to embrace a new challenge according to sources familiar with the matter.

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Navigating M&A Financing: A Guide for Mid-Sized Businesses

Sun Acquisitions

In the dynamic world of mergers and acquisitions (M&A), financing plays a pivotal role in bringing deals to fruition. For mid-sized businesses eyeing growth opportunities through M&A, understanding the available financing options is essential for success. From traditional bank loans to alternative funding sources, many options exist. Let’s delve into some valuable financial insights to help you navigate the complexities of M&A financing. 1.

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How to Implement Unified High Availability (HA) and Disaster Recovery (DR) for SQL Server in Financial Services

Global Banking & Finance

By Don Boxley, CEO and Co-Founder, DH2i The financial services sector, including banking, mortgages, credit cards, payment services, tax preparation and planning, accounting, and investing, is one of the world’s most important and influential sectors. Here, assuring reputation and trust are a must.

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Jupiter Asset Management trader joins TT International

The TRADE

Michael Lam has joined TT International as a senior trader, following three and a half years at Jupiter Asset Management as a fixed income trader at the firm. London-based Lam announced his new role on social media. He has previous experience across multi-asset trading and his past roles include stints as a multi asset trader at Manulife Investment Management and BNP Paribas Asset Management.

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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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Wendel announces a transformational transaction in line with its strategic roadmap

Global Newswire by Notified: M&A

PRESS RELEASE - OCTOBER 22, 2024 Wendel announces a transformational transaction in line with its strategic roadmap Acquisition of Monroe Capital LLC.

IT 64
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France to take stake in Sanofi unit to quell backlash over sale to US firm

The Guardian: Mergers & Acquisitions

Move follows fears over jobs and control when private equity firm CD&R entered talks to buy Opella for €16bn The French government is to take a stake in the pharmaceutical company Sanofi’s consumer healthcare division to try to quell a backlash as the US private equity firm Clayton, Dubilier & Rice enters talks to buy the unit for €16bn (£13.3bn).

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The tax code could be in for upheaval. How to prepare your portfolio, per Bank of America

CNBC: Investing

Key provisions in the Tax Cuts and Jobs Act are slated to sunset at the end of 2025. The Wall Street bank has a few tips for investors to get ready.

Bank 63
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StemSation International Announces Execution of a Letter of Intent (LOI) to Acquire Gorilla Marketing Group, LLC

Global Newswire by Notified: M&A

StemSation International Announces Execution of a Letter of Intent (LOI) to Acquire Gorilla Marketing Group, LLC.

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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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Tuesday's big stock stories: What’s likely to move the market in the next trading session

CNBC: Investing

The Dow Jones Industrial Average lost more than 340 points on Monday, snapping a three-day winning run. Here's what CNBC will be watching on Tuesday.

Trading 61
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Quality is Priority Zero, Especially for Security

Cisco: M&A

Security software can be the first line of defense or the last, and the cost of failure is catastrophic. That's why quality is priority zero for Cisco.

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Food & Beverage 3Q 2024 Report

Focus Investment Banking

In Q3 2024, 113 transactions were announced in the food and beverage industry, continuing a trend of steady deal volume across segments and reflecting a 25% increase in M&A activity on a year-over-year basis. While deal volume was nearly the same as the previous quarter, several notable transactions during the period signaled that food and beverage is prime for dealmaking.

Food 52