Wed.Dec 27, 2023

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Court of Chancery Finds Officer Liable for Competing With Corporation and Misappropriating Trade Secrets

JD Supra: Mergers

On September 1, 2023, Vice Chancellor Paul A. Fioravanti, Jr. of the Court of Chancery delivered a decision finding that the president of a plaintiff company and a second business the president had formed and served simultaneously were liable for his misappropriation of trade secrets, breach of contract and breaches of his fiduciary duty of loyalty to the plaintiff.

Trading 172
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World stocks at highest in over a year on rate cut bets

Global Banking & Finance

World stocks at highest in over a year on rate cut bets By Koh Gui Qing and Dhara Ranasinghe NEW YORK/LONDON (Reuters) -World stocks rallied to their highest level in more than a year on Wednesday, while the U.S.

Stock 124
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FTC and DOJ Release New Merger Guidelines

JD Supra: Mergers

On December 18, 2023, the Federal Trade Commission and the Department of Justice jointly released their final Merger Guidelines. The Guidelines “identify the procedures and enforcement practices [the agencies] most often use to investigate whether mergers violate the antitrust laws.” The agencies issued the Guidelines after a nearly two-year process that included issuance of draft Guidelines on July 19, 2023, a subsequent public comment period, four public “listening sessions” and three.

Mergers 167
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Asia shares at 5-month highs as rate cut bets pile up

Global Banking & Finance

Asia shares at 5-month highs as rate cut bets pile up By Wayne Cole SYDNEY (Reuters) -Asian shares scaled five-month peaks on Thursday as market wagers on ever-more aggressive rate cuts extended a huge rally in U.S. stocks and bonds, while also leaving plenty of scope for disappointment in the new year.

Shares 124
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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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Insights: The Delaware Edition - December 2023

JD Supra: Mergers

In this issue, we discuss recent Delaware court developments regarding officer liability, who can recover “lost-premium” damages, and trends in books and records actions, among other topics.

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‘Busted Deals’ and Damages: Court of Chancery Clarifies Who Can Recover ‘Lost-Premium’ Damages

JD Supra: Mergers

In October 2023, Chancellor Kathaleen St. J. McCormick of the Court of Chancery addressed an issue of first impression in Crispo v. Musk, C.A. No 2022-0666-KSJM, holding that “a provision purporting to define a target company’s damages to include lost-premium damages [in a busted deal] cannot be enforced by the target company” and if “a damages-definition provision purports to define lost-premium damages as exclusive to the target … it is unenforceable.”.

IT 161
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Dollar dips as traders focus on US rate cuts next year

Global Banking & Finance

Dollar dips as traders focus on US rate cuts next year By Ankur Banerjee SINGAPORE (Reuters) -The dollar nursed steep losses on Thursday and was headed for a yearly decline, while the Swiss franc perched at a nine-year peak and the euro at a five-month high on expectations that 2024 will bring deep rate cuts.

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Healthcare & Life Sciences Private Equity Deal Tracker: Windjammer Acquires Bio X Cell

JD Supra: Mergers

Windjammer Capital has announced it has acquired Bio X Cell (BXC). BXC, founded in 1997 and based in Lebanon, N.H., is a producer of monoclonal antibodies for use in both in vivo and in vitro pre-clinical research applications.

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Qatar’s Edaa postpones T+2 switch until March

The TRADE

The Qatari CSD Edaa has postponed the reduction of the settlement period from T+3 to T+2 until March 2024, in coordination with the Qatar Financial Market Authority (QFMA). Sheikh Saif bin Abdullah Al-Thani, CEO of Edaa, indicated that the deadline was granted so that market participants, financial intermediaries and custodians could update their systems and notify their clients of the new procedures in preparation for its implementation.

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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 Hammer Falls: U.S. Antitrust Agencies Issue Final Antitrust Merger Guidelines

JD Supra: Mergers

As expected, the final guidelines expand the types of transactions that may receive heightened scrutiny or result in a merger challenge.

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The TRADE’s most read stories of the year part one: Major acquisitions, senior appointments and exchange outages

The TRADE

10. Marex to acquire Cowen’s prime brokerage and outsourced trading business from TD At number ten was a story broken by The TRADE in September, news that Cowen’s prime brokerage and outsourced trading business had been acquired by Marex just six months after TD completed its purchase of the business. This came amidst a near-constant stream of mergers and acquisitions across both the sell- and buy-side this calendar year.

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Books and Records Demands 2023 Recap: Courts Continue To Develop the Law Regarding the Scope of Inspection

JD Supra: Mergers

As discussed in prior articles, stockholder plaintiffs have increasingly sought to obtain companies’ books and records under 8 Del. C. § 220 (Section 220) and the Delaware Limited Liability Company Act’s analogous provision, Section 18-305(a), which has led the Court of Chancery to face a record number of books and records actions. In response, over the past year, Chancellor Kathaleen St.

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These are the biggest Nasdaq winners of 2023. Where analysts see them going

CNBC: Investing

CNBC Pro screened for Nasdaq-100 stocks with the best performance this year, according to FactSet. Tesla and MongoDB are some of the standout players.

Stock 104
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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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Oil stabilises as investors watch for Red Sea developments

Global Banking & Finance

Oil stabilises as investors watch for Red Sea developments By Robert Harvey LONDON (Reuters) -Oil prices stabilised on Wednesday after the previous day’s strong gains as investors monitored Red Sea developments, with some major shippers resuming passage through the trade route despite continued attacks and broader Middle East tensions.

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Leon Cooperman remains one of the best-known and most prolific stock pickers

CNBC: Investing

Leon Cooperman, who racked up market-beating returns, remains one of the most influential voices on Wall Street and a prolific stock picker.

Stock 102
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World stocks at highest in over a year as rate cut hopes hold firm

Global Banking & Finance

World stocks at highest in over a year as rate cut hopes hold firm By Dhara Ranasinghe and Rae Wee LONDON (Reuters) -World stocks rallied to their highest levels since late 2022 on Wednesday, with year-end optimism high on hopes that major central banks such as the U.S.

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These bonds offering tax-free income will still be a good deal in 2024

CNBC: Investing

Muni bonds faced a runup in yields this year, but with rates expected to cool in 2024, price appreciation could be in the cards.

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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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Self-driving cars could be on UK roads by 2026 -minister

Global Banking & Finance

Self-driving cars could be on UK roads by 2026 -minister LONDON (Reuters) – Self-driving cars could be on some British roads by 2026, the country’s transport minister Mark Harper said on Wednesday.

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These were the most traded stocks and options heading into Christmas, Interactive Brokers says

CNBC: Investing

Market volume may be dormant this time of the year, but some retail traders snapped up some stocks and options in recent days.

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Dollar touches five-month low on rate cut hopes in thin market

Global Banking & Finance

Dollar touches five-month low on rate cut hopes in thin market By Samuel Indyk and Ankur Banerjee LONDON (Reuters) -The dollar slipped to a five-month low on Wednesday and the euro touched a four-month peak on expectations that the Federal Reserve could soon cut interest rates, but thin year-end trading flows limited moves.

Trading 94
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Stocks making the biggest moves premarket: Coherus, Netease and more

CNBC: Investing

These are the stocks posting the largest moves in premarket trading.

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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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European shares start last week of 2023 on strong footing

Global Banking & Finance

European shares start last week of 2023 on strong footing By Shashwat Chauhan (Reuters) -European shares advanced on Wednesday, as tech stocks benefited from an overnight Wall Street rally amid persisting optimism around U.S. interest rate cuts as early as next March, while robust China data lifted miners. The pan-European STOXX 600 gained 0.

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Global Cobalt Market Size Worth USD 27.4 Billion in 2032 | Emergen Research

Global Newswire by Notified: M&A

Rising adoption of cobalt in production of high-speed cutting tools and increasing application of cobalt in the medical sector and wind turbines and super alloys in the aerospace and defense industry are key factors driving cobalt market revenue growth. Rising adoption of cobalt in production of high-speed cutting tools and increasing application of cobalt in the medical sector and wind turbines and super alloys in the aerospace and defense industry are key factors driving cobalt market revenue

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Buy these stocks for a potentially choppy 2024, Roth MKM says

CNBC: Investing

Roth MKM believes 2024 could prove a volatile year for stocks. Here are some of the firm's top picks.

Stock 104
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Home Automation Market Size Worth USD 120.46 Billion in 2032 | Emergen Research

Global Newswire by Notified: M&A

Rising demand for security and safety among individuals is one of the major factors driving Home Automation market revenue growth Rising demand for security and safety among individuals is one of the major factors driving Home Automation market revenue growth

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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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Where ESG money managers say to invest in 2024

CNBC: Investing

See where two pros recommend putting money to work entering the new year.

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The TRADE predictions series 2024: Front-to-back technological enhancements

The TRADE

Kerim Acanal, global head of emerging markets, Tradeweb The request-for-market (RFM) protocol will continue to be the next frontier for electronic trading in emerging markets. Having gained significant traction over the past few years, the protocol allows buy-side participants to ask dealers for a two-way market rather than a price based on one direction.

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Form 8.3 - Young & Co's Brewery plc

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 MORE Rule 8.3 of.