Tue.Aug 15, 2023

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Hospital Mergers Double the Risk of a Data Breach, Study Shows

JD Supra: Mergers

The healthcare sector is a prime target for data breaches. According to a summary by the HIPAA Journal, 32% of all data breaches between 2015 and 2022 were in the healthcare sector, “almost double the number recorded in the financial and manufacturing sectors.” Industry analysts cite to many reasons for this, including the sensitivity of health data and its value on the black market compared to other forms of data.

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Appraisal: No Deference to Deal Price in Squeeze-Outs Conditioned on MFW

Deal Lawyers

On Monday, the Delaware Chancery Court issued a post-trial decision in HBK Master Fund LP v. Pivotal Software, Inc., an appraisal action brought by the former Class A common stockholders of Pivotal following a squeeze-out merger with VMware, Pivotal’s controlling stockholder.

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FTC and DOJ Announce New Draft Merger Guidelines

JD Supra: Mergers

vOn July 19, 2023, the U.S. antitrust enforcers, the Federal Trade Commission (“FTC”) and the Antitrust Division of the Department of Justice (“DOJ”) (collectively, the “Agencies”), released draft merger guidelines for public comment (“Draft Guidelines”). The Draft Guidelines are intended to replace the existing Horizontal Merger Guidelines, last updated in 2010, and the Vertical Merger Guidelines issued in 2020 and provide guidance for both horizontal and vertical mergers.

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Investors can get a 5% yield with this corporate bond fund

CNBC: Investing

Here's how the Invesco Corporate Bond fund looks to provide returns for investors.

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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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CFIUS Proposal Underscores Risks in Foreign Real Estate Acquisitions in the United States

JD Supra: Mergers

The Committee on Foreign Investment in the United States (CFIUS or the Committee) recently proposed expanding the scope of its jurisdiction to review real estate transactions to add over 200,000 square miles of land associated with national security-related facilities. CFIUS’s proposal would add significantly to the Committee’s broad reach over real estate deals, and comes on the heels of proposals in the Congress to potentially expand the focus on such transactions further.

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Stephen Mandel's Lone Pine Capital reveals new stakes in Nvidia and Live Nation

CNBC: Investing

Lone Pine Capital, whose founder Stephen Mandel is one of the so-called 'Tiger Cub' fund managers, has been betting big on tech stocks all year.

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More Trending

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Cargill to Offload Deicing Salt Businesses

The Deal

Private agricultural and chemical products giant Cargill is looking to offload a selection of U.S. deicing salt businesses, The Deal has learned. The company is working with advisers on a sale process for a selection of assets within its deicing technologies segment that generate roughly $40 million of Ebitda on about $375 million in revenue, according to people who have viewed marketing materials for the business.

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ECJ Antitrust Ruling Not Likely to Jump-Start EC Deal Challenges in "Gap Cases"

JD Supra: Mergers

In Short - The Development: The Court of Justice of the European Union ("ECJ") annulled a General Court ("GC") ruling that had adopted a high standard of proof for the European Commission ("EC") to block transactions in concentrated markets in which neither the parties to the deal nor other competitors have a "dominant position," a so-called "gap case" (European Commission v CK Telecoms).

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Making Your First Terraform File Doesn’t Have to Be Scary

Cisco: M&A

For the past several years, I’ve tried to give at least one Terraform-centric session at Cisco Live. That’s because they’re fun and make for awesome demos. What’s a technical talk without a demo?

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NAAG Hosts Antitrust Bootcamp: State/Federal Cooperation Is Key

JD Supra: Mergers

The National Association of Attorneys General (NAAG)’s Eastern Region Meeting, held August 1-3, 2023 in Connecticut in conjunction with the Attorney General Alliance, included an “Antitrust Bootcamp” that surveyed the history and current state of and future challenges for state and federal antitrust enforcement.

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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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UBS hikes Nvidia price target ahead of earnings, sees more than 20% upside for the high-flying chipmaker

CNBC: Investing

Analyst Timothy Arcuri maintained his buy rating on the stock and raised his price target substantially to $540, which implies a 23.4% upside.

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A Hart-Scott-Rodino Act Transaction Update (July FY 2023)

JD Supra: Mergers

Editor’s Note: The Hart Scott Rodino Act (HSR Act) is a federal law that requires companies planning to merge or acquire certain assets or voting securities to notify the Federal Trade Commission (FTC) and the Department of Justice (DOJ) before completing the transaction. The HSR Act establishes the FTC and DOJ Premerger Notification Program, which is designed to allow the agencies to review the proposed transaction for potential antitrust concerns.

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Morgan Stanley says this under-the-radar biotech stock can rally more than 80%

CNBC: Investing

Analyst Maxwell Skor upgraded the biotech stock to overweight from equal weight and raised his price target by $24 to $34.

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Top 5 SEC Developments for July 2023

JD Supra: Mergers

In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important SEC enforcement developments from the past month, with links to primary resources.

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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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Keith Meister's Corvex Management places new giant bet on a drugmaker, adds to a utility stake

CNBC: Investing

Founder Keith Meister was a protege of corporate raider Carl Icahn and was previously CEO of the billionaire's firm.

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Consultation Paper on the Hong Kong Securities and Futures Commission's Proposed Amendments to the Takeovers Codes

JD Supra: Mergers

In Short - The Situation: Certain provisions of the current Codes on Takeovers and Mergers and Share Buy-Backs of Hong Kong (the "Codes") may cause confusion to companies and relevant stakeholders in complying with the Codes. Also, various existing practices are not codified.

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Cisco Umbrella for Government: Delivering Mission Critical Security

Cisco: M&A

“It takes a village.” I have realized this is truly the case being part of Cisco’s go to market team for Umbrella for Government.

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Jana Partners loaded up on little known defense stocks in second quarter

CNBC: Investing

Barry Rosenstein's investment firm placed new bets on two little known defense stocks in the second quarter, and also added to a home health services holding.

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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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Russia’s Interest Rate Hike Highlights Economic Struggle Amid Ukraine War

The New York Times: Banking

With the third-largest interest rate increase in a decade to shore up the ruble, Moscow’s policymakers are pursuing the conflicting goals of paying for the war against Ukraine and taming inflation.

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Hedge funds beefed up A.I. bets in the second quarter

CNBC: Investing

Hedge funds boosted some of their A.I. bets in the second quarter even as technology stocks continued trending upward.

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AI could add $500bn to value of SMEs globally

Growth Business

By Timothy Adler on Growth Business - Your gateway to entrepreneurial success Artificial intelligence could add $500 billion in value to SMEs globally, whether they develop AI applications for others or use it themselves. So says Lee Chin Jian, vice-president at boutique investment bank DAI Magister , which has offices in New York and in London, and has advised tech startup clients which have been sold to Apple, Nokia, NVIDIA, Shell, Ziff Davis and others.

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Carbon storage is gaining favor. These are the companies investors need to know

CNBC: Investing

CNBC Pro breaks down what carbon capture is and what to know about the investing landscape.

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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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Lebanon Freezes Accounts of Riad Salameh

The New York Times: Banking

The action comes days after a U.S.-led coalition accused Riad Salameh of decades of corruption to enrich himself at the expense of his country.

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Viking Global slashes Amazon and insurance positions, adds to bets in biotech

CNBC: Investing

Ole Andreas Halvorsen's Viking Capital cut its holdings in Amazon and insurance companies in the second quarter.

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Tritium Partners-backed Inbenta closes acquisition of Horizn

PE Hub

Horizn is a Toronto-based provider of easy-to-embed interactive product demos for financial institutions. The post Tritium Partners-backed Inbenta closes acquisition of Horizn appeared first on PE Hub.

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Bank of America survey signals investors are overconfident and stocks' ‘strong tailwind’ is over

CNBC: Investing

Cash allocations are at a 21-month low and managers increasingly are expecting the economy to weather its challenges.

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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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Mexican digital bank Klar inks $100m credit facility from VPC

PE Hub

The financing will be used for growth and expansion. The post Mexican digital bank Klar inks $100m credit facility from VPC appeared first on PE Hub.

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KeyBanc thinks newly public Israeli beauty stock is underappreciated in health-care technology

CNBC: Investing

The analyst expects Oddity Tech to lead novel treatments in beauty and wellness through its AI-powered technologies.

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Comvest Partners backs Apotheco Pharmacy Group

PE Hub

Founded in 2013, Apotheco provides specialized dermatological care solutions to medical providers and patients. The post Comvest Partners backs Apotheco Pharmacy Group appeared first on PE Hub.

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Graf Acquisition Corp. IV and NKGen Biotech, Inc. Announce Effectiveness of Form S-4 for Proposed Business Combination

Global Newswire by Notified: M&A

Special Meeting of Graf Stockholders to Approve Proposed Business Combination to be Held on August 30, 2023 Post-Combination Company’s Securities to be.

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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?