Sat.May 11, 2024 - Fri.May 17, 2024

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U.S. Steel-Nippon Steel Merger: A Potent Catalyst for U.S.-Japan Relations and Technological Advancement

JD Supra: Mergers

As the proposed $14.9 billion acquisition of U.S. Steel by Nippon Steel garners global attention, its implications extend far beyond mere corporate gains. This merger symbolizes a strengthening of the crucial U.S.-Japan economic and strategic partnership, promising significant investment in American infrastructure, workforce development, and industrial innovation.

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Uber to acquire Foodpanda’s Taiwan unit from Delivery Hero for $950M in cash 

TechCrunch: M&A

Uber Technologies announced Tuesday that it will buy the Taiwan unit of Delivery Hero’s Foodpanda for $950 million in cash. The deal is part of Uber Eats’ strategy to expand in Asia, specifically by strengthening its position in Taiwan. On the other hand, it also underscores Delivery Hero’s ongoing retreat from that same market: The sale […] © 2024 TechCrunch.

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Supreme Court Rejects Challenge to Consumer Watchdog’s Funding

The New York Times: Banking

A decision against the agency, the Consumer Financial Protection Bureau, could have cast doubt on all of its regulations and enforcement actions.

Funds 145
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‘Big Short’ investor Michael Burry piles into physical gold fund, making it his biggest bet

CNBC: Investing

Burry, who now manages hedge fund Scion Asset Management, bought more than 440,000 units of the Sprott Physical Gold Trust (PHYS).

Funds 144
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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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Brussels Regulatory Brief: April 2024

JD Supra: Mergers

Antitrust and Competition - European Commission Charges Company with Providing Incorrect, Incomplete, and Misleading Information During a Merger Control Proceeding - On 19 March 2024, the European Commission (Commission) sent a Statement of Objections to a manufacturer and distributor of mineral fibre sandwich panels (Company) in which it took the preliminary view that the Company intentionally or negligently provided incorrect, incomplete, and misleading information during the Commission’s.

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The Billionaire Frank McCourt Mounts Bid to Buy TikTok

The New York Times: Mergers, Acquisitions and Dive

Mr. McCourt, a longtime critic of the way tech companies use data, sees acquiring TikTok as a chance to create an “alternative to the current internet.

More Trending

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Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buying

CNBC: Investing

His conglomerate Berkshire Hathaway has acquired nearly 26 million shares of Chubb for a stake worth $6.7 billion.

Insurance 144
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Banking and Consumer Regulatory Digest - May 2024

JD Supra: Mergers

Bank for International Settlements. Credit risk management. On April 30, 2024, Bank of International Settlements issued updated guidance on counterparty credit risk management. The fresh guidance reaffirms the need for ongoing due diligence and the development of a comprehensive risk mitigation strategy to control counterparty credit risk.

Banking 190
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The End of TikTok Is a Win for Beijing

The New York Times: Mergers, Acquisitions and Dive

A new bill will result in a ban of the app and a propaganda win for Beijing.

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Ukraine Needs Money to Fight. Can Seized Russian Assets Help?

The New York Times: Banking

Kyiv’s supporters are discussing how to use the interest earned by frozen Russian assets to help pay for weapons and postwar reconstruction.

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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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'Big Short' trader Danny Moses is still betting against Tesla, says core business is 'falling apart'

CNBC: Investing

"Everything is kind of falling apart in their core business," Moses Ventures founder Danny Moses told CNBC's "Fast Money.

Business 141
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New DOJ Task Force Will Scrutinize Health Care Industry for Antitrust Issues

JD Supra: Mergers

A new federal antitrust task force will focus on investigations in health care markets, and, where warranted, civil and criminal enforcement, the Department of Justice announced.

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Sony and Apollo Take Key Step in Bid for Paramount’s Assets

The New York Times: Mergers, Acquisitions and Dive

The two companies have expressed interest in acquiring the media conglomerate, but are backing away from their $26 billion all-cash offer.

Media 139
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In the Corporate World, Woke Is the Rage but Greed Is Still King

The New York Times: Banking

Three new books chronicle businesses where executive self-enrichment at the expense of workers — and sometimes the law — prevails.

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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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Strategic Staffing: Nathan Hirsch's Key to Scaling Businesses through Effective Team Building

How2Exit

b' E211: Strategic Staffing: Nathan Hirsch's Key to Scaling Businesses through Effective Team Building - Watch Here rn rn rn About the Guest(s): rn Nathan Hirsch is an entrepreneur with a wealth of experience in online businesses and a talent for strategic growth and operations. Co-founder of FreeUp, a marketplace for pre-vetted freelancers which was scaled and successfully exited in 2019, Nathan has a knack for acquiring top-notch talent through optimized hiring processes.

Business 130
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8th Annual European Fund Finance Symposium: The Latest From London May 2024 - FFA European Fund Finance Symposium Review – Key Themes

JD Supra: Mergers

Last week saw almost 1,140 registrants attend the FFA’s annual symposium at the Queen Elizabeth II Conference Centre in London. As ever, the event brought together a wide range of market participants from across the industry, providing a unique opportunity to network and learn more about the many exciting developments taking place in fund finance.

Finance 185
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The ‘Betches’ Got Rich. So What’s Next?

The New York Times: Mergers, Acquisitions and Dive

The women’s media company, which started as a raunchy college blog, is a rare financial success story — and on the White House’s radar. Now, it’s wrestling with how to grow up alongside its readers.

Media 130
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Consumer prices rose 3.4 percent.

The New York Times: Banking

The Consumer Price Index, which will be released on Wednesday morning, could show price gains moderated a bit in April.

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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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The revived craze for GameStop is confusing Wall Street. It's 'not in a position to be profitable'

CNBC: Investing

From a fundamental standpoint, the brick-and-mortar video game company isn't deserving of such a stock pop.

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Restrictive Covenants in the Sale of a Business: Converging U.S. and Canadian Approaches

JD Supra: Mergers

The treatment of restrictive covenants in Canada and the U.S. appears to be converging. The laws of both countries recognize an important distinction between non-competition agreements entered into in the context of employment (“employment non-competes”) and those entered into in the context of the sale of a business (“transactional non-competes”).

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Antitrust: New Merger Guidelines Feature Prominently in Recent FTC Challenge

Deal Lawyers

Last month, the FTC filed an administrative complaint seeking to block Tapestry Inc.’s $8.5 billion proposed acquisition of Capri Holdings. This fight is all about purses, folks, because the FTC says that the deal would eliminate competition between Capri’s Coach & Kate Spade brands and Tapestry’s Michael Kors.

Mergers 124
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China Says It Will Start Buying Apartments as Housing Slump Worsens

The New York Times: Banking

Signaling growing alarm, policymakers ramped up their efforts to stem a continued and steady decline in real estate values.

IT 131
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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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In case you missed: More of Warren Buffett's insights from the latest Berkshire meeting

CNBC: Investing

Buffett commented on a host of different topics at Berkshire's annual meeting, including what to do with volatility and why cash is attractive.

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Latest Symptom of the Health Care Crackdown: DOJ Announces New Task Force Targeting Sector’s Anti-Competitive Conduct

JD Supra: Mergers

On May 9, 2024, the U.S. Department of Justice’s Antitrust Division (DOJ) announced it is “upping [its] game” on health care enforcement through the Task Force on Health Care Monopolies and Collusion (HCMC). The most recent in a series of DOJ task forces designed to target particular industries, the HCMC will broadly “guide the division’s enforcement strategy and policy approach in health care, including by facilitating policy advocacy, investigations and, where warranted, civil and criminal.

IT 180
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Proposed 2024 DGCL Amendments: Revisions Pare Back Moelis Fix

Deal Lawyers

In March, the Delaware Bar proposed DGCL amendments designed to addresses the issues created by the Chancery Court’s Crispo, Moelis, and Activision Blizzard decisions. However, some of the proposed changes, particularly a proposed amendment to Section 122 of the DGCL, attracted a lot of criticism.

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What the Supreme Court Ruling Means for Other Consumer Bureau Actions

The New York Times: Banking

A score of court cases involving the Consumer Financial Protection Bureau can now proceed, but it is still likely to face legal challenges.

IT 127
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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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Bronze bust honoring the late Charlie Munger wowed crowd in Omaha at Berkshire meeting

CNBC: Investing

It took a total of 12 months and a number of iterations for Yu Shu to finish the final version of the Munger bust.

IT 123
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What Is a 341 Meeting, and Do I Need to Attend? - Creditor’s Rights Toolkit

JD Supra: Mergers

The purpose of the 341 Meeting is to examine the debtor’s financial position and to confirm facts stated by the debtor in the bankruptcy filing. While creditors are not required to attend the 341 Meeting, creditors have an opportunity to examine the debtor and ask questions related to the debtor’s financials and the bankruptcy case. The 341 Meeting can inform creditors of how claims might be treated and the debtor’s ultimate plan for their bankruptcy case.

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Conscious usage of TCA: Making trade analytics more actionable

The TRADE

In the constantly evolving financial markets landscape, where volatility and complexity are continually featured, the ability to discern the true costs of trading has become paramount for investors and institutions alike. If used correctly, transaction cost analysis (TCA) can provide valuable insights in this environment, providing a comprehensive framework to dissect and understand the intricacies of trade execution.

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Fed Chair’s Confidence in Slowing Inflation Is ‘Not as High’ as Before

The New York Times: Banking

Jerome H. Powell, the Federal Reserve chair, said that the central bank was poised to leave interest rates on hold after surprisingly stubborn inflation.

Banking 122
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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?