Sat.Dec 23, 2023 - Fri.Dec 29, 2023

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In a slow year for enterprise tech M&A, there were few standout deals

TechCrunch: M&A

It was a slow year in enterprise technology M&A, and the total was the second lowest since we started compiling the data in 2018. © 2023 TechCrunch. All rights reserved. For personal use only.

M&A 264
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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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Serious Medical Errors Rose After Private Equity Firms Bought Hospitals

The New York Times: Mergers, Acquisitions and Dive

A new study shows an increase in the rate of inpatient complications, including infections and falls, though patients were no more likely to die.

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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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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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The TRADE predictions series 2024: Utilising data for better outcomes

The TRADE

Paul Humphrey, chief executive officer, BMLL Technologies Back in 2020, we said the race for speed was over, and the global race for quality data and analytics was on. We see this continuing, and the industry-wide lack of quant resources – critical for researching, analysing and understanding market behaviour – adds both complexity and urgency to this race.

Trading 121

More Trending

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Manchester United Sells 25 Percent Ownership Stake to Jim Ratcliffe

The New York Times: Mergers, Acquisitions and Dive

The billion-dollar deal leaves the team’s unpopular owners, the Glazer family, in control of the club, but it delegates important responsibilities to their new partner.

IT 128
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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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The TRADE predictions series 2024: Digital assets

The TRADE

Duncan Trenholme and Simon Forster, global co-heads of digital assets, TP ICAP We expect 2024 to see the wholesale cryptoasset market professionalise and become increasingly serviced by traditional brands and providers. Spot exchange operating models will continue to unbundle, with the separation of execution and custody becoming the default for institutional market participants; this unbundling will protect investors.

Trading 120
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Empowering Africa through impact investing

JD Supra: Mergers

Please give us an overview of your experience in Europe and then Africa. How has that shaped your perspectives on PE in Africa? I started off my African PE journey back in 2010 with Helios Investment Partners. I was with Helios for about five years, which was a great experience, working up to being a principal, and leading transactions in the energy and digital infrastructure sectors.

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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 option income ETF craze has started to cool, but Wall Street is betting it's here to stay

CNBC: Investing

Funds like the JPMorgan Premium Income ETF (JEPI) may be less attractive to investors during big rallies, but can still deliver solid payouts.

Funds 136
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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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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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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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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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Could a bitcoin ETF approval be a sell-the-news event? What investors are expecting on the big day

CNBC: Investing

A bitcoin ETF approval is expected in the coming weeks, but the market may be a little overheated. Here's what to expect of it happens.

Investors 127
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IMCD Colombia to acquire the distribution business of Joli Foods S.A.S. to strengthen its food and nutrition portfolio

Global Newswire by Notified: M&A

ROTTERDAM, The Netherlands (27 December 2023) – IMCD N.V. (“IMCD” or “Company”), a global leading distribution partner, and formulator of speciality chemicals and ingredients, today announces that IMCD Colombia has signed an agreement to acquire the distribution business of Joli Foods S.A.S. (“Joli Foods”) to expand its food and nutrition business and product portfolio.

Food 105
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The TRADE predictions series 2024: Foreign exchange, it’s all about swaps and forwards

The TRADE

Eric Huttman, chief executive, MillTechFX Despite the relative calming of FX volatility compared to 2022, the management of currency risk was still a top priority for fund managers throughout 2023. Our own research found that 82% of North American and 77% of UK fund managers were affected by USD and GBP volatility respectively, clearly highlighting that fund managers aren’t out of the woods yet when it comes to the threat of currency movements.

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UAE issues new Competition Law with new merger control regime

JD Supra: Mergers

The United Arab Emirates is the latest country in the Middle East to overhaul its competition regime. On December 29, 2023, a new competition law comes into effect, including a new merger control regime that can be triggered by the parties' turnover and would suspend transactions by up to 90 days pending completion of the review. Failure to comply is subject to potentially steep fines.

Mergers 161
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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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Brazil stocks enjoyed their best year since 2019. What to expect in the new year

CNBC: Investing

The Bovespa index, Brazil's stock benchmark, rallied 22% this year. That's its biggest annual increase since 2019 — when it rallied 31.6%.

Stock 118
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Red Sea shipping workarounds add costs, delays for suppliers, retailers

Global Banking & Finance

Red Sea shipping workarounds add costs, delays for suppliers, retailers By Lisa Baertlein LOS ANGELES (Reuters) -Toymaker Basic Fun’s team that oversees ocean shipments of Tonka trucks and Care Bears for Walmart and other retailers is racing to reroute cargo away from the Suez Canal following militant attacks on vessels in the Red Sea.

Retail 97
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The TRADE’s most read stories of the year part three: Regulation, consolidation and resignation

The TRADE

4. Cboe names new chief executive as Edward Tilly resigns over undisclosed personal relationships Coming in at number four in The TRADE’s most read stories for 2023 was news in September that Cboe Global Markets’ chief executive officer Edward Tilly had resigned over undisclosed personal relationships. Tilly resigned from the company following the conclusion of an investigation into his conduct, launched in late August 2023.

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Senior Living Alert – Antitrust Developments Related to Transactions Involving Private Equity Investment in Senior Living Facilities and Other Healthcare Entities 

JD Supra: Mergers

White House and Agency Initiatives - On Dec. 13, 2023, the White House announced new efforts to lower healthcare and prescription drug costs, issuing a detailed Fact Sheet. Two of the initiatives focus on private equity investments in healthcare.

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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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Top Wall Street analysts like these stocks into the new year for their growth potential

CNBC: Investing

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Uber and Costco.

Stock 131
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Oil prices settle down 3% as Red Sea shipping disruptions ease

Global Banking & Finance

Oil prices settle down 3% as Red Sea shipping disruptions ease By Shariq Khan BENGALURU (Reuters) -Oil prices fell 3% on Thursday as more shipping companies said they were ready to transit the Red Sea route, easing concerns about supply disruptions as Middle Eastern tensions stay elevated.

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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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New Merger Enforcement Toolkit: FTC and DOJ Release Final 2023 Merger Guidelines

JD Supra: Mergers

On December 18, 2023, the Federal Trade Commission (“FTC”) and the Department of Justice (“DOJ”) (collectively, the “Agencies”) published the long-awaited final 2023 Merger Guidelines. The 2023 Merger Guidelines are informed by almost two years of considerable engagement between antitrust regulators, practitioners, economists, and the general public.

Mergers 161
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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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Oprah's flip on weight loss drugs is a sign of what's to come for the 'Ozempic trade' in 2024

CNBC: Investing

Oprah Winfrey has changed her mind on weight loss drugs and others have, too. What's ahead for the category in 2024.

Trading 128
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Dollar hits 5-mth low against euro as Fed seen closer to rate cuts

Global Banking & Finance

Dollar hits 5-mth low against euro as Fed seen closer to rate cuts By Karen Brettell NEW YORK (Reuters) -The dollar slipped to a five-month low against the euro and a basket of currencies on Wednesday on expectations the Federal Reserve could soon cut U.S. interest rates.

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Norsk Hydro: Status share buyback program

Global Newswire by Notified: M&A

Please see below information about transactions made under the share buyback program for Norsk Hydro ASA. Announcement date of the share buyback.

Shares 96