Sat.Oct 21, 2023 - Fri.Oct 27, 2023

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WordPress.com owner buys all-in-one messaging app Texts.com for $50M

TechCrunch: M&A

WordPress.com and Tumblr owner Automattic is adding another company to its portfolio with today’s news that it has acquired the all-in-one messaging app Texts.com for $50 million. The app brings all your messaging apps together in a single dashboard, including iMessage, Slack, WhatsApp, Instagram, Telegram, Messenger, LinkedIn, Signal, Discord and X, with plans for more […] © 2023 TechCrunch.

Portfolio 302
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Can I Still Make A Move This Year?

H. Friedman Search

Questions start coming in this time every year regarding the timing to make a move. With bonus season looming right around the corner, candidates ask me, “Can I still make a move this year?” The answer of course depends on where you want to move. This blog is going to explore the exit strategy that is appropriate as we round the end of 2023. However, this year the question is more complicated than usual with the unforeseen exit of a major player in our public finance space.

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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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'The bond vigilante is coming back,' UBS strategist says

CNBC: Investing

The "bond vigilantes are coming back" as investors continue to sell amid the prospect of a growing fiscal deficit, according to UBS Asset Management's Kevin Zhao.

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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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After $43B valuation, Databricks acquires data replication startup Arcion for $100M

TechCrunch: M&A

Databricks has remained a hot startup at a time when interest from investors has cooled across the ecosystem. Just last month the company raised $500 million at an eye-popping $43 billion valuation. That would be big money anytime, but especially in the current fundraising climate. With that kind of dough in its coffers, the company […] © 2023 TechCrunch.

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More Trending

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A Roadmap to the CTA’s Game-Changing Reporting Requirements

JD Supra: Mergers

Beginning on January 1, 2024, many U.S. legal entities and foreign entities registered to do business in the U.S. will be required to report information about themselves, their beneficial owners, and their company applicants pursuant to the Corporate Transparency Act (CTA).

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Wall Street hikes forecasts for anti-obesity drug sales to $100 billion and beyond. A look at the numbers

CNBC: Investing

Citi notched its estimate for incretin drug sales to $71 billion by 2035, up from its prior estimate of $55 billion. That view seems conservative. Here's why.

Sale 145
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Memory chip maker SK Hynix, a shareholder of Kioxia, opposes a merger with Western Digital

TechCrunch: M&A

A long-expected merger of two of the world’s biggest memory chip companies — Western Digital and Japan’s Kioxia — may be hampered by one of Kioxa’s shareholders, SK Hynix. The South Korean chipmaker said during its earnings call today that it would not agree to a combination of the two players. “SK Hynix is not […] © 2023 TechCrunch.

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Chevron to Acquire Hess for $53 Billion in Latest Major Oil Deal

The New York Times: Mergers, Acquisitions and Dive

The acquisition marks further consolidation of the oil industry and highlights the confidence that energy companies have in the future of fossil fuels.

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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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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.

Mergers 177
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U.S. dollar gains as risk sentiment sours, Treasury yields rise

Global Banking & Finance

U.S. dollar gains as risk sentiment sours, Treasury yields rise By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar edged higher against a basket of currencies on Wednesday, as investors’ appetite for riskier currencies faded following lacklustre corporate results that raised worries over the economic outlook, and as Treasury yields rose.

Economics 128
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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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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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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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[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 177
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UK to release experimental jobless data instead of standard numbers

Global Banking & Finance

UK to release experimental jobless data instead of standard numbers LONDON (Reuters) -Britain’s Office for National Statistics (ONS) said it would publish an experimental adjusted estimate of Britain’s unemployment rate on Tuesday, instead of its usual labour market survey which has suffered from a falling response rate.

IT 128
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The next AI winners may be these old economy companies embracing the revolution

CNBC: Investing

Investor Nancy Tengler says a search for more traditional companies embracing digitization could help investors find less ovious beneficiaries of the AI boom.

Investors 130
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Redefining Payments: Curlec by Razorpay Gains License to Acquire Merchants in Malaysia

Razorpay

We’ve always believed that every touch point for a business, when accepting payments online, needs to be easy to use, efficient, and fast. Earlier this year, having taken this vision beyond India’s borders, we announced our International Payment Gateway, developed for the Malaysian market – Curlec by Razorpay. With the digital payments market in Malaysia projected to soar by an impressive 17.06% between 2023 and 2027, culminating in a market volume of $41.74 billion in 2027, t

Business 111
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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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Antitrust & Competition Life Sciences Quarterly Update - Q3 2023

JD Supra: Mergers

The FTC’s Amgen/Horizon Lawsuit Ends With a Whimper - We covered the FTC’s investigation into (and litigation challenging) Amgen’s $28.3 billion acquisition of rare disease specialist Horizon Therapeutics in our Q1 and Q2 updates.

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Exclusive-Shell cuts low-carbon jobs, scales back hydrogen in overhaul by CEO

Global Banking & Finance

Exclusive-Shell cuts low-carbon jobs, scales back hydrogen in overhaul by CEO By Ron Bousso LONDON (Reuters) – Shell will cut at least 15% of the workforce at its low-carbon solutions division and scale back its hydrogen business as part of CEO Wael Sawan’s drive to boost profits, it said on Wednesday.

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These stocks are trying to solve a major shortcoming of weight loss drugs: Shrinking muscle mass

CNBC: Investing

Piper Sandler analyst Allison Bratzel said the loss of lean muscle while taking GLP-1 drugs is "a major shortcoming" that could have bigger consequences.

Stock 123
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Tradeweb and FTSE Russell partner to offer enhanced fixed income pricing and index trading products

The TRADE

Tradeweb Markets and LSEG’s FTSE Russel have entered a strategic partnership to develop enhanced fixed income index pricing and index trading products. The pair aim to offer improved pricing across a wider range of fixed income securities, which FTSE Russell will administer as benchmarks. This will build upon their existing collaboration on benchmark pricing for UK gilt and European government bonds, with the goal of delivering robust, algorithmic and reliable pricing.

Trading 109
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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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EU Foreign Subsidies Regulation: is Your Company Ready?

JD Supra: Mergers

As of October 12, 2023, notification obligations under the European Union’s (EU’s) groundbreaking Foreign Subsidies Regulation No. 2022/2560 (FSR) have started to apply, with wide-ranging implications for businesses operating in and with the EU.

Business 177
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Microsoft extends cloud lead over Alphabet with focus on OpenAI, big clients

Global Banking & Finance

Microsoft extends cloud lead over Alphabet with focus on OpenAI, big clients By Aditya Soni (Reuters) -Microsoft is outstripping Alphabet in the race to make money from generative artificial intelligence through early bets on OpenAI and focus on big clients, raising worries that the Google parent could lose share in the cloud-computing market.

Shares 126
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Top Wall Street analysts favor these five dividend stocks during tumultuous times

CNBC: Investing

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Cisco and Chesapeake Energy.

Stock 134
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BNY Mellon launches new FX platform to help manage execution and access to price transparency

The TRADE

BNY Mellon has launched a new foreign exchange (FX) platform, meeting client demands to manage execution across their entire portfolio and access improved price transparency. Named Universal FX, the platform supports BNY Mellon clients across all market segments, including investment managers, corporates, hedge funds and wealth managers. BNY Mellon stated that the new platform will also help clients navigate the industry transition to T+1 settlement.

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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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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.

Mergers 172
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Dollar rises as US business activity ticks up in October

Global Banking & Finance

Dollar rises as US business activity ticks up in October By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose against a basket of currencies on Tuesday as a slew of fresh economic data highlighted the strength of the U.S. economy relative to the United Kingdom and the European Union. U.S.

Business 126
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'Incredible alpha opportunities' in the year ahead despite headwinds, says Carlyle Group CEO Harvey Schwartz

CNBC: Investing

Wall Street leaders speaking at the annual Riyadh event broadly expressed varying degrees of pessimism and caution for the coming year.

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