Sat.Dec 16, 2023 - Fri.Dec 22, 2023

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Antitrust Enforcement in the Health Care Sector to remain a key focus in the Biden Administration

JD Supra: Mergers

On December 7, 2023, the White House announced a series of initiatives to “lower health care and prescription drug costs by promoting competition.” Citing increasing concentration in the health care industry among payers, providers, and drug companies, the Administration outlined new inter-agency efforts to stop what it views to be “anticompetitive mergers and anticompetitive practices by dominant corporations in health care markets.”.

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Adobe and Figma end $20B acquisition plans after regulatory headwinds in Europe

TechCrunch: M&A

Adobe’s $20 billion mega-bid to buy rival Figma is now officially dead, after the companies said today that regulatory pushback in Europe had caused them to put an end to the acquisition plans. “Although both companies continue to believe in the merits and procompetitive benefits of the combination, Adobe and Figma mutually agreed to terminate […] © 2023 TechCrunch.

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The Adequate Offer: Final Thoughts For 2024

H. Friedman Search

As we conclude the recruiter tips for the hiring manager and candidate series of 2024, I want to end on the importance of conveying an adequate offer and having it accepted. Without an offer being acknowledged and signed, everything that you both have worked hard to accomplish will be a series of great conversations with nothing being attained. With the acceptance of an offer, all your hard work over the months has now paid off.

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Asia's family offices have been betting big on risk — but that could be changing

CNBC: Investing

A global survey by Citi showed there has been a shift out of cash and into risk assets by family offices around the world — with one notable exception, Asia.

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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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FTC and DOJ Issue Final Merger Guidelines That Expand Reviews and Limit Combinations

JD Supra: Mergers

After "an extensive public consultation process" since late July 2023, the Federal Trade Commission (FTC) and U.S. Department of Justice (DOJ) Antitrust Division on Dec. 18, 2023, jointly announced the release of final Merger Guidelines that would significantly expand the number and types of transactions subject to antitrust challenge.

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Warner Bros. Discovery in Talks to Merge With Paramount

The New York Times: Mergers, Acquisitions and Dive

The talks, which are said to be in the early stages, add Warner Bros. Discovery to the list of companies pursuing a possible deal with Paramount.

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U.S. and Europe Eye Russian Assets to Aid Ukraine as Funding Dries Up

The New York Times: Banking

Despite legal reservations, policymakers are weighing the consequences of using $300 billion in Russian assets to help Kyiv’s war effort.

Funds 141
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Public Company Watch: December 2023

JD Supra: Mergers

In the December Public Company Watch, we cover key issues impacting public companies, including a preview of the SEC’s latest regulatory agenda, an update regarding the Fifth Circuit vacating the SEC’s share repurchase rules, recent shareholder activism litigation, the FTC’s and DOJ’s final merger guidelines and California’s new anti-greenwashing disclosure requirements.

Mergers 196
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Cisco to acquire cloud-native networking and security startup Isovalent

TechCrunch: M&A

Cisco announced this morning that it intends to acquire Isovalent, a cloud-native security and networking startup that should fit well with the company’s core networking and security strategy. The companies did not share the purchase price. Isovalent has helped develop eBPF, a key open source technology that gives developers deep insight into the operating system […] © 2023 TechCrunch.

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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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Monsanto Should Pay $857 Million in P.C.B. Case, Jury Finds

The New York Times: Mergers, Acquisitions and Dive

Students and parent volunteers from a school in Washington State said in a lawsuit that they had become sick after being exposed to chemicals known as P.C.B.s. that had dripped from light fixtures.

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EU and UK regulators reveal updated plans for bond tape frameworks

The TRADE

Both the FCA and ESMA have published updates to their respective consolidated tape framework plans, including expected timelines, with a continued focus on the procedures for the selection of a bond CTP. In the EU, ESMA has confirmed that the selection of the bond tape provider is set for two years from now. The expected timeline according to ESMA begins with the Mifir review entering into force in Q1 2024.

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Newly Finalized FTC/DOJ Merger Guidelines Are Likely to Increase Antitrust Scrutiny of M&A Deals - Health Care and Private Equity Transactions May See Significant Impact

JD Supra: Mergers

Earlier this week, the Department of Justice (“DOJ”) and Federal Trade Commission (“FTC”) released the long-awaited 2023 Merger Guidelines. The final guidelines are the result of nearly two years of behind-the-scenes drafting, numerous public listening sessions and workshops, and the receipt of some 35,000 public comments.

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Two of Africa’s largest B2B e-commerce platforms MaxAB and Wasoko in merger talks

TechCrunch: M&A

Egyptian B2B e-commerce startup MaxAB and Wasoko, a Kenya-based e-commerce player with operations in Tanzania, Rwanda, Uganda and Zambia, are in talks to merge operations, TechCrunch has exclusively learned from multiple sources. They say talks are still ongoing and the agreement hasn’t been finalized yet. The merger talks come as B2B e-commerce companies in Africa […] © 2023 TechCrunch.

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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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The Debt Problem Is Enormous, and the System for Fixing It Is Broken

The New York Times: Banking

Economists offer alternatives to financial safeguards created when the U.S. was the pre-eminent superpower and climate change wasn’t on the agenda.

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How Tesla rose to retail investor stardom: 'It's always in people's minds'

CNBC: Investing

The electric vehicle maker is poised to see the highest net inflows from retail traders of any security this year.

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Insights From Delaware Litigators: What We’re Watching in 2024

JD Supra: Mergers

In 2023, the Delaware courts continued to be called upon to elaborate important rules of corporate law. The year’s docket brought further development in a number of areas, including oversight liability, “busted deal” disputes, SPAC litigation, Revlon liability and Con Ed provisions. We will be watching as new cases in 2024 explore the implications of those rulings.

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Softbank sells Open Opportunity Fund to Black and Latino executives

TechCrunch: M&A

The Japanese conglomerate is selling the Open Opportunity Fund to its chairman Paul Judge, and Marcelo Claure, who's being appointed as vice chairman and general partner. © 2023 TechCrunch. All rights reserved. For personal use only.

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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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Americans May Be Taking on Too Much Pay-Later ‘Phantom Debt’

The New York Times: Banking

Buying mattresses, clothes and other goods on installment plans has propped up spending, but economists worry that such loans could put some people at risk.

Debt 124
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Survey suggests demand for a bitcoin ETF may not live up to the hype

CNBC: Investing

Registered investment advisors will probably be the main driver of bitcoin ETF flows in the event of U.S. approval, according to Needham.

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Megadeals highlight resilience of construction and EMU industries

JD Supra: Mergers

Consolidation and alternative energy drive big-ticket energy, mining and utilities M&A - Global dealmaking in the construction and energy, mining and utilities (EMU) sectors has cooled over the course of 2023. There were 2,927 deals announced across the sectors through the first nine months of the year, down 12.7 percent from the same period last year.

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Snowflake goes all in on data clean rooms with Samooha acquisition

TechCrunch: M&A

Snowflake is buying Samooha, a startup developing a “cross-cloud” data collaboration suite, the companies announced this morning — adding to the list of big tech acquisitions leading up to the holiday season. With the deal, which is expected to close by the end of the month subject to customary closing conditions, Snowflake gains an established […] © 2023 TechCrunch.

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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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Hochul Plans to Veto Ban on Noncompete Agreements in New York

The New York Times: Banking

The governor wanted to allow employers to use the agreements with high-paid workers, but was unable to work out a compromise with state lawmakers.

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Generative AI has landed on Wall Street. Here's how it can help propel 'massive' revenue growth

CNBC: Investing

Wealth management firms could see billions of dollars in added value thanks to AI, McKinsey & Company found.

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New Merger Guidelines Cap Off a Year of Hostility to Employers — 2023 Closes With Antitrust Agencies’ Most Radical Foray Yet

JD Supra: Mergers

The year in antitrust began apace on January 5 with the release of the Federal Trade Commission’s proposed rule banning all employer-employee noncompete agreements. At mid-year, the FTC and the Antitrust Division of the Department of Justice issued a proposal that would dramatically increase merging parties’ filing requirements, and expense, under the Hart-Scott-Rodino Act.

Mergers 187
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Salesforce acquires automated commission management platform Spiff

TechCrunch: M&A

Salesforce has announced plans to acquire Spiff, a platform that automates commission management for sales teams. Terms of the deal were not disclosed. Founded in 2017, Spiff serves up a low-code interface designed to make it easy for businesses to create a sales compensation plan that automatically updates based on personnel meeting their pre-agreed targets. […] © 2023 TechCrunch.

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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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Liquidnet enhances electronic trading offering with bondIT credit analytics integration

The TRADE

Liquidnet has expanded its fixed income electronic trading capabilities with the integration of AI-based credit research from bondIT. Fixed income fintech bondIT’s Scorable Credit Analytics leverage machine learning to anticipate credit spreads and ratings and identify future trading opportunities “We are thrilled to be able to enrich the Liquidnet platform with a service of Scorable’s caliber,” said Nicholas Stephan, global head of fixed income product and partnership programs at Liquidnet.

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The Hot New Market in Crypto? Trading FTX’s Carcass.

The New York Times: Banking

Investors are spending hundreds of millions of dollars on FTX bankruptcy claims, betting that the firm’s new leaders will recover the money that Sam Bankman-Fried misappropriated.

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Market Opportunities for Cross-Border M&A in China Persist Despite Regulatory Changes and Trade Tensions

JD Supra: Mergers

After a multiyear low in 2022, China’s cross-border M&A activity experienced a slow recovery in 2023. Although outbound M&A deal value and volume remained lackluster in the first half of 2023, the market overall rebounded in the second half.

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