Sat.Aug 17, 2024 - Fri.Aug 23, 2024

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The banks that loaned Musk $13B to buy Twitter might be having regrets

TechCrunch: M&A

X, the social network formerly known as Twitter, looks like a pretty bad investment right about now. As readers might recall, billionaire Elon Musk borrowed $13 billion from Morgan Stanley, Bank of America and five other major banks to help finance the $44 billion acquisition of Twitter, as it was then called. According to the […] © 2024 TechCrunch.

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Compliance Lessons on Mergers and Acquisitions from Star Trek: The Ultimate Computer

JD Supra: Mergers

Last month, I wrote a blog post on the tone at the top, exemplified in Star Trek’s Original Series episode, Devil in the Dark. Based on the response, some passionate Star Trek fans are out there. I decided to write a series of blog posts exploring Star Trek: The Original Series episodes as guides to the Hallmarks of an Effective Compliance program set out in the FCPA Resources Guide, 2nd edition.

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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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How the Inflation Reduction Act sparked a manufacturing and clean energy boom in the U.S.

CNBC: Investing

The IRA has had a transformative impact on U.S. manufacturing, according to the Rhodium Group.

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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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AMD to acquire infrastructure player ZT Systems for $4.9B to amp up its AI ecosystem play

TechCrunch: M&A

AMD is acquiring ZT Systems, which provides compute design and infrastructure for AI, cloud and general purpose computing, for $4.9 billion. © 2024 TechCrunch. All rights reserved. For personal use only.

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Edgar Bronfman Jr. Submits Bid for Paramount

The New York Times: Mergers, Acquisitions and Dive

The offer by Edgar Bronfman Jr. comes days before a crucial deadline in the scramble to acquire control of Paramount.

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The explosion of online sports betting is taking a toll on how people invest

CNBC: Investing

While sports betting has put considerable sums into state coffers, it has come at a notable personal expense to gamblers and their families.

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Two incident management startups join forces as FireHydrant nabs Blameless

TechCrunch: M&A

FireHydrant, an NYC incident management startup that launched in 2019, announced on Wednesday that it has acquired Blameless, a former competitor. The companies did not share the purchase price. Both companies help SREs (site reliability engineers) deal with the daunting job of keeping software and websites up and running. When things go wrong, they help […] © 2024 TechCrunch.

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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.

IT 182
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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 Ultimate Exit Guide: Top Strategies for Preparing Your Business for a High-Value Sale

How2Exit

E239: The Ultimate Exit Guide: Top Strategies for Preparing Your Business for a High-Value Sale - Watch Here About the Guest(s): Christine Nicholson is a distinguished business mentor, speaker, and expert in exit and succession planning. With a robust background encompassing military service, banking, and accounting, Christine has amassed substantial expertise in mergers and acquisitions.

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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.

Stock 143
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Zomato buys Paytm’s entertainment ticket business for $244 million

TechCrunch: M&A

Zomato, the Indian food delivery giant, has acquired the entertainment ticketing business of financial services firm Paytm for $244.1 million, signaling a strategic move to expand its “going out” offerings. The acquisition, among the largest M&A deals among new-age Indian tech companies, includes Paytm’s ticketing services for movies, sports and events.

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State AGs Say Kroger-Albertsons Merger Will Increase Grocery Market Competition

JD Supra: Mergers

As litigation to block the proposed Kroger-Albertsons merger wages on at the state and federal level, four state attorneys general (AG) have jumped into the fray in support of the merger as the cases heat up on all fronts.

Mergers 182
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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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Lynch Yacht Sinking Off Sicily Proves as Baffling as It Is Tragic

The New York Times: Mergers, Acquisitions and Dive

As bodies were recovered, the authorities and experts wondered how a $40 million, stable and secure vessel could have sunk so quickly.

IT 126
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Goldman says buy Nvidia with conviction, earnings to top Street next week

CNBC: Investing

Goldman Sachs is staying bullish on Nvidia ahead of the chipmaker's second-quarter earnings report next week.

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Time Is On My Side…Or Is It?

H. Friedman Search

But who’s side is it on really? The Rolling Stone sang this song in the mid 60s, and it always caused me to ask the question of whose side was it on. Mick Jagger, who is now 81 and active as ever, clearly does have time on his side. As for candidates and client firms today… who has time on their side in the hiring process? Who’s Driving The Market?

IT 125
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California’s Bill Increasing Regulations on Private Equity Health Deals

JD Supra: Mergers

California is looking to take the lead on regulating private equity deals in the health care space by introducing bill AB 3129, which requires private equity groups or hedge funds to receive the state attorney general’s approval before purchasing a health care entity. At present, California’s proposal is the most extensive state legislation that seeks to regulate health care industry transactions in the U.S. and may encourage other states to establish similar legislation.

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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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A Standoff at Libya’s Central Bank Shows Cracks in Country’s Political Stability

The New York Times: Banking

The country has settled into a tense east-west divide, but turmoil around the central bank, which handles Libya’s oil riches, has worsened a fraying, fragile political setup.

Bank 121
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Berkshire Hathaway's new stock pick Ulta Beauty is a classic value play after a 30% sell-off

CNBC: Investing

Many view Berkshire's Ulta buy as a classic value bet after the stock suffered a big sell-off this year amid slowing demand and increased competition.

Stock 142
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Driving Toward a Degree 2024

Tyton Partners

Driving Toward a Degree 2024 highlights how generative AI addresses advisor capacity constraints, burnout, and turnover.

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Increased Scrutiny of Private Investment in Health Care: Key Insights for Health Care Innovators and Investors

JD Supra: Mergers

Federal agencies and lawmakers in several states are attempting to rewrite the rulebook for private investment in health care in the U.S. California and other states are considering new regulations reinforcing state prohibitions against the corporate practice of medicine (CPOM). Federal agencies and state legislatures are advocating greater oversight of investor-backed health care companies and health care transactions involving private investors.

Investors 177
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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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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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Crypto asset managers look past the next big coin to diversify portfolios

CNBC: Investing

You can forget about a Solana ETF alone. The next step in crypto asset management goes beyond identifying the next big coin.

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Vodafone merger ‘could leave 1m Three customers unable to find cheaper deals’

The Guardian: Mergers & Acquisitions

Unite union makes claim as it calls on CMA to block tie-up that would bring 27m customers under one provider Business live – latest updates A planned £15bn merger between Vodafone and Three UK, which is aimed at creating the UK’s largest mobile phone operator, could leave up to 1 million Three customers unable to choose a cheaper alternative operator, a trade union has claimed.

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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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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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National Security: CFIUS Steps Up Enforcement

Deal Lawyers

In October 2022, the Treasury Dept. issued its first ever CFIUS Enforcement & Penalty Guidelines. Under the Guidelines, three types of conduct may constitute a violation, including failure to file, non-compliance with CFIUS mitigation agreements or conditions and material misstatements or omissions from filed information or false or incomplete certifications.

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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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How to avoid common mistakes when adopting AI  

Cisco: M&A

Adopting AI requires a measured approach. Gartner outlines 5 phases to avoid major pitfalls and maximize chances of successful AI implementation.

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