Tue.Sep 05, 2023

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New EU Package of Measures Aims to Simplify Merger Review Process

JD Supra: Mergers

The European Commission (EC) recently adopted a package of measures with the aim of further simplifying its procedures for reviewing concentrations under the EU Merger Regulation (EUMR). The new rules entered into force on September 1, 2023.

Mergers 177
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The importance of cybersecurity in the rail industry

Cisco: M&A

The railway industry is increasingly embracing new systems and technologies to enhance operational efficiency, safety, and connectivity.

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European Competition Law Newsletter – September 2023

JD Supra: Mergers

European Commission Investigates Restrictions on Sales of Branded Clothing in the EU - On 31 July 2023, the European Commission announced that it had sent a statement of objections, a preliminary statement of case, alleging that fashion house Pierre Cardin and its licensee Ahlers may have infringed EU competition law through their distribution and licensing practices.

Sale 165
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Barclays says buy this software stock with AI tailwinds

CNBC: Investing

The firm estimates Oracle shares have 24% upside potential, continuing its strong growth story over the past year.

Stock 126
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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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Members’ schemes of arrangements in the Cayman Islands no longer must satisfy the ‘headcount test’

JD Supra: Mergers

From 31 August 2022, members’ schemes of arrangement pursuant to section 86 of the Companies Act of the Cayman Islands are not subject to the ‘headcount test’ being met, bringing further certainty to the process. The amendment to section 86 of the Companies Act was gazetted on 21 October 2021 and came into effect on 31 August 2022, abolishing the ‘headcount test’ in members’ schemes of arrangement, typically used to privatise companies or as an alternative to the Cayman merger process.

Mergers 165
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Distressed Deals: Transactional Risk Insurance

Deal Lawyers

A recent Willis Towers Watson blog says that both debtors and potential buyers of distressed assets should consider using R&W insurance and the other transactional insurance solutions which have become staples of private M&A deals in other contexts as an alternative to traditional risk allocation for their transactions.

Insurance 124

More Trending

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Exclusive-Shell, Trinidad weigh Venezuela’s natural gas investment demands

Global Banking & Finance

Exclusive-Shell, Trinidad weigh Venezuela’s natural gas investment demands By Curtis Williams and Marianna Parraga HOUSTON (Reuters) – Shell and Trinidad and Tobago’s National Gas Company (NGC) are close to agreeing to credit Venezuela’s state-run oil firm for its $1 billion investment in a gas field the three want to jointly develop, four people close to […]

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Wells Fargo cuts price target on Disney. Here's what the pros say to do next

CNBC: Investing

Pros on CNBC discussed Disney after Wells Fargo cut its price target on the stock to $110 from $146 but is keeping its rating of overweight.

Stock 118
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Equipment rental firm Ashtead lowers UK rental revenue outlook, shares fall

Global Banking & Finance

Equipment rental firm Ashtead lowers UK rental revenue outlook, shares fall (Reuters) -British equipment rental firm Ashtead Group on Tuesday lowered its annual UK rental revenue growth forecast to 6%-9% from 10% to 13% citing softening market conditions.

Shares 119
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Goldman Sachs on why AI is not a bubble and the best ways to play it

CNBC: Investing

The fast advance in stocks tied to artificial intelligence has mostly been supported by strong underlying fundamentals, Goldman said.

IT 115
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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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Saudi Arabia’s STC Group to become Telefonica top shareholder with 9.9% stake

Global Banking & Finance

Saudi Arabia’s STC Group to become Telefonica top shareholder with 9.9% stake By Andres Gonzalez, Amy-Jo Crowley, Pablo Mayo Cerqueiro and Hadeel Al Sayegh LONDON/DUBAI (Reuters) -Saudi Arabia’s STC Group has amassed a 9.9% stake in Telefonica worth 2.1 billion euros ($2.25 billion), in a move to become the Spanish telecom giant’s top shareholder.

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Bitcoin and crypto are about to embark on a 'much stronger fundamental' rally, Bernstein predicts

CNBC: Investing

The setup for the next bitcoin bull run has become even more clear after last week's landmark ruling in Grayscale's suit against the SEC.

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Swimming-Peaty plays down bust-up with Olympic team mate Greenbank

Global Banking & Finance

Swimming-Peaty plays down bust-up with Olympic team mate Greenbank LONDON (Reuters) -Britain’s triple Olympic gold medallist Adam Peaty played down on Tuesday a training camp clash with team mate Luke Greenbank that left him with a cut over his left eye.

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Buy this home improvement retailer as tailwinds start adding up, Bernstein says

CNBC: Investing

The firm upgraded shares to outperform from market perform.

Retail 113
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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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Tonix’s long COVID drug fails to meet mid-stage trial goal

Global Banking & Finance

Tonix’s long COVID drug fails to meet mid-stage trial goal (Reuters) – Tonix Pharmaceuticals Holding Corp said on Tuesday its experimental drug failed to meet the primary goal in a mid-stage study for management of widespread muscle pain and tenderness associated with long COVID-19. Shares of the company were down 12% in premarket trading.

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Wells Fargo says this could be a good long-term buying opportunity for Disney, sees more than 30% upside

CNBC: Investing

Analyst Steven Cahall maintained his overweight rating on the stock and lowered his price target by $36 to $110.

Stock 111
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UK investors’ stocks sell-off accelerates, ESG ‘boom ends’ – Calastone

Global Banking & Finance

UK investors’ stocks sell-off accelerates, ESG ‘boom ends’ – Calastone LONDON (Reuters) – Investors in Britain dumped both stocks and bonds in August as they continued to opt for the safety of cash and money-market funds, according to data from fund network Calastone published on Tuesday.

Investors 119
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Goldman says now's the time to buy this potato processing stock with 30% upside

CNBC: Investing

Goldman estimates more than 30% upside for the food processing company's shares.

Food 111
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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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Russian services activity grows in Aug at fastest rate in five months -PMI

Global Banking & Finance

Russian services activity grows in Aug at fastest rate in five months -PMI MOSCOW (Reuters) – Activity in Russia’s services sector grew at the fastest rate in five months in August as the sharpest rise in new orders since July 2020 drove up output, a survey showed on Tuesday.

S&P 119
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RBC upgrades this credit card stock, says it can rally 25% despite uncertain consumer outlook

CNBC: Investing

American Express remains better positioned among its consumer finance peers, according to RBC.

IT 111
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Euro zone producer prices drop for seventh month in July

Global Banking & Finance

Euro zone producer prices drop for seventh month in July BRUSSELS (Reuters) – Euro zone producer prices fell for a seventh consecutive month in July, data showed on Tuesday, with figures sharply lower than a year earlier possibly offering some comfort to the European Central Bank.

Bank 117
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Watch these stocks ahead of a historically weak September on Wall Street

CNBC: Investing

These stocks have historically outperformed overall market weakness in September trading.

Stock 109
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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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EIB Working Paper 2023/05: Which European firms were hardest hit by COVID-19?

European Investment Bank

The COVID-19 shock had a strong negative effect on aggregate economic performance, with the average firm taking a hit on sales revenues and financial performance. However, the effects varied from firm to firm. Were already-struggling firms hit hardest, threatening their very survival? Or did the COVID-19 shock disproportionately deter tomorrow’s superstars at the upper end of the distribution, thus sacrificing future growth potential?

Sale 105
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This little-known biotech stock has 'blockbuster potential,' says Citi

CNBC: Investing

The bank predicts Cabaletta's autoimmune disease treatment could help shares soar more than 65% from Friday's close.

Stock 108
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My Journey to Cisco: Fulfilling a Dream and Finding Family

Cisco: M&A

As a young college student, I was introduced to the world of networking, and from that moment, I knew Cisco was where I belonged.

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Recent pullback creating a buying opportunity in certain airline stocks, says Deutsche Bank

CNBC: Investing

The firm has three major carriers that are buy worthy.

Banking 106
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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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How to securely scale telehealth adoption

Cisco: M&A

Patients today expect ease, convenience, efficiency, and a digital experience when accessing healthcare services.

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This income fund has a yield of more than 5%, and is cheap compared to its peers

CNBC: Investing

The Weitz Core Plus Income Fund (WCPNX) received five stars and a bronze medalist rating from Morningstar.

Funds 106
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Cyber Crime: What You Need to Know About Cyber Resiliency

Accenture Capital Markets

If you think the cost of doing business is rising, here’s another element to consider. Only this one does not come about by market forces, but rather by menaces in the netherworld. The genesis is the online environment – that powerful capability at our fingertips we depend on for so many facets of our business and everyday lives. Though, it’s a sphere laden with some landmines.

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Taming AI Frontiers with Cisco Full-Stack Observability Platform

Cisco: M&A

The Generative AI Revolution: A Rapidly Changing Landscape The public unveiling of ChatGPT has changed the game, introducing a myriad of applications for Generative AI, from content creation to… Read more on Cisco Blogs

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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?