Wed.May 01, 2024

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Corporate Transparency Act: Beware of Filing Scams

JD Supra: Mergers

Since the Corporate Transparency Act took effect on January 1, 2024, scammers have seized the opportunity to send notices to owners of recently formed companies offering “filing services.” In response to these scams, FinCEN posted an alert on the Beneficial Ownership Information homepage stating, “FinCEN has learned of fraudulent attempts to solicit information from individuals and entities who may be subject to reporting requirements under the Corporate Transparency Act.

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DE Chancery: “Commercially Reasonable” Doesn’t Require Actions Beyond Buyer’s Self-Interest

Deal Lawyers

Himawan v. Cephalon, Inc. (Del. Ch.; 4/24) presents a familiar fact pattern in life-sciences M&A. The target biotech company was developing one main asset for two possible indications. In its acquisition by Cephalon, its stockholders were entitled to “milestone” payments tied to regulatory approval of the asset for those indications.

M&A 120
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Navigating Immigration Challenges in Corporate Mergers and Acquisitions

JD Supra: Mergers

In the intricate processes of mergers and acquisitions, the focus often lands squarely on financials, asset management, and strategic alignments. However, an equally crucial aspect that demands attention is the impact of these transactions on the workforce, particularly where that workforce includes foreign nationals employed under various visa conditions.

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Microsoft signs deal to invest more than $10 billion on renewable energy capacity to power data centers

CNBC: Investing

Microsoft and Brookfield Asset Management will develop 10.5 gigawatts of renewable energy, in a deal they describe as the largest of its kind.

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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?

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US Regulators Announce Inquiry Into Healthcare Consolidation

JD Supra: Mergers

Companies should prepare for increased regulatory scrutiny into healthcare transactions and increased emphasis on compliance programs. The Federal Trade Commission (FTC), the Department of Justice (DOJ), and the Department of Health and Human Services (HHS) have announced a new public inquiry into the impact of corporate consolidation and practices in the healthcare sector, with a focus on what they are calling “corporate greed in healthcare.

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The FDIC's Tougher Policy on Mergers - Why It Matters for Banks and Fintechs

JD Supra: Mergers

The FDIC proposed revisions last month to its existing policy on how it evaluates merger transactions that require the FDIC's approval under the Bank Merger Act (BMA).

Mergers 165
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Exxon Mobil reaches agreement with FTC, poised to close $60 billion Pioneer deal

CNBC: Investing

The FTC will not block the deal now that the regulator and Exxon have reached a consent agreement, according to a source familiar with the matter.

96
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Reducing Litigation Risk in M&A Transactions and Regulatory Compliance

JD Supra: Mergers

Litigation rarely occurs in a vacuum. While no one has a crystal ball, and no in-house counsel can correctly predict every future dispute, examining litigation trends and data can help companies and their legal departments identify and avoid many risks when engaging in M&A transactions or regulatory compliance activities.

M&A 159
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Bitcoin losses could steepen after the cryptocurrency breaks below $60,000, analysts say

CNBC: Investing

The bitcoin sell-off could get worse before it gets better, according to analysts who look only at price charts.

IT 110
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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 Drawbacks Of Banking Regulators' Merger Review Plans

JD Supra: Mergers

The Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency recently announced proposals to update their approaches to evaluating bank mergers and other business combinations under the Bank Merger Act. Originally published by Law360 - April 26, 2024.

Mergers 159
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A tip from the charting pros for navigating this difficult market

CNBC: Investing

Frank Cappelleri reviews a tactic used by technical analysts to cut through the noise and gain some clarity on what can be some confusing stock charts.

Stock 90
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Takeover Panel Consults on Narrowing Scope of Companies Subject to Code

JD Supra: Mergers

Overview- The City Code on Takeovers and Mergers (the “Code”) contains a number of traps for the unwary, not least that it can extend to unlisted companies or companies with overseas listings, with seemingly limited nexus to the UK public markets.

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Viking is the biggest IPO of the year, capping off a huge month for IPOs

CNBC: Investing

Eighteen IPOs raised a combined $5.3 billion in April, according to Renaissance Capital, the busiest month since November 2021.

IPO 103
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How Embedded Analytics Gets You to Market Faster with a SAAS Offering

Start-ups & SMBs launching products quickly must bundle dashboards, reports, & self-service analytics into apps. Customers expect rapid value from your product (time-to-value), data security, and access to advanced capabilities. Traditional Business Intelligence (BI) tools can provide valuable data analysis capabilities, but they have a barrier to entry that can stop small and midsize businesses from capitalizing on them.

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Rhode Island AG Approves Merger of Media Companies

JD Supra: Mergers

On April 23, Rhode Island Attorney General (AG) Peter Neronha, approved the merger of Rhode Island PBS and The Public’s Radio.

Mergers 175
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Which Programming Language to Choose for AI?

Cisco: M&A

Did you ever ask ChatGPT how it was programmed? Or which programming language might be useful when you are about to create or test new AI application features?

IT 95
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Fed Holds Rates Steady, Noting Lack of Progress on Inflation

The New York Times: Banking

The Federal Reserve left interest rates unchanged for a sixth straight meeting and suggested that rates will stay high for longer.

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Beyond visibility, there’s observability

Cisco: M&A

Organizations are shifting to observability over the entire application stack to achieve exceptional, secure, performant digital experiences Whether managing supply chains, transferring funds,… Read more on Cisco Blogs

Funds 82
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Embedding BI: Architectural Considerations and Technical Requirements

While data platforms, artificial intelligence (AI), machine learning (ML), and programming platforms have evolved to leverage big data and streaming data, the front-end user experience has not kept up. Holding onto old BI technology while everything else moves forward is holding back organizations. Traditional Business Intelligence (BI) aren’t built for modern data platforms and don’t work on modern architectures.

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Diversify your Big Tech holdings into these other stocks with similar traits, recommends Barclays

CNBC: Investing

While Big Tech valuations look reasonable to Barclays, the firm said they're "not the only game in town" and suggested investors diversify their portfolios.

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CFTC announces changes to large trading reporting for futures and options

The TRADE

The CFTC has approved updates to its large trading reporting regulations for futures and options. The updated regulations call for future commission merchants, clearing members, foreign brokers and reporting firms to report position information for the largest futures and options traders to the Commission. The finalised rules substitute the data elements listed in the CFTC’s regulations with an appendix specifying applicable data elements.

Trading 67
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Lock in attractive real yields with this inflation-protected investment, says UBS

CNBC: Investing

After UBS upgraded 5-year TIPS to most preferred in August, the firm is now recommending to move further out the curve.

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What to Watch as the Fed Makes Its Interest Rate Decision

The New York Times: Banking

Policymakers are expected to leave borrowing costs unchanged, but investors are bracing for signals that rates will stay higher for longer.

IT 73
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How to Leverage AI for Actionable Insights in BI, Data, and Analytics

In the rapidly-evolving world of embedded analytics and business intelligence, one important question has emerged at the forefront: How can you leverage artificial intelligence (AI) to enhance your application’s analytics capabilities? Imagine having an AI tool that answers your user’s questions with a deep understanding of the context in their business and applications, nuances of their industry, and unique challenges they face.

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Once-hot AI play Super Micro is getting crushed, but most analysts are staying bullish

CNBC: Investing

Despite Wednesday's pullback, major Wall Street banks are optimistic about Super Micro's long-term prospects for the most part.

Bank 82
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Savage Acquires Texon - Strengthens its Position in the Midstream Energy Space

Global Newswire by Notified: M&A

SALT LAKE CITY, May 01, 2024 (GLOBE NEWSWIRE) -- Savage , a global provider of supply chain infrastructure and solutions, has acquired Texon , a Houston, Texas-based midstream service provider of butane blending and energy marketing. The addition of Texon and its team, which will continue to operate under its legacy brand, significantly bolsters Savage’s existing energy business.

IT 64
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Beware AI stocks trading at rich valuations. How to profit from a pullback using options

CNBC: Investing

Tony Zhang sees further downside in many of the AI-focused stocks and explains how to trade it using options.

Trading 84
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DTCC connects Saphyre’s trade solution to ALERT platform

The TRADE

The Depository Trust and Clearing Corporation ( DTC C ) is collaborating with Saphyre to provide a combined solution to support clients with the T+1 settlement requirements. Gabino Roche As part of the tie-up, Saphyre’s Ready-To-Trade solution will be linked with data from DTCC’s ALERT with a view to increasing transparency and efficiency in the institutional trading market.

Trading 62
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Embedded Analytics Insights for 2024

Organizations look to embedded analytics to provide greater self-service for users, introduce AI capabilities, offer better insight into data, and provide customizable dashboards that present data in a visually pleasing, easy-to-access format. To better understand the factors behind the decision to build or buy analytics, insightsoftware partnered with Hanover Research to survey IT, software development, and analytics professionals on why they make the embedded analytics choices they do.

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Analysts bail on Starbucks with 2 downgrades, slashed price targets. 'Stunning across-the-board miss,' says Blair

CNBC: Investing

Starbucks' fiscal second-quarter earnings and revenue fell short of analyst estimates, driven by a surprise decline in same-store sales.

Sale 76
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When Banks Fail, Why Do We Keep Bailing Out Uninsured Depositors?

The New York Times: Banking

In routinely making the uninsured whole, the F.D.I.C. isn’t doing its job, an N.Y.U. professor argues.

Bank 80
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Earnings playbook: Beware of these stocks reporting soon where analysts are slashing their earnings expectations

CNBC: Investing

These names have seen big drops in what analysts expect them to report for earnings.

Stock 89