Tue.Jun 13, 2023

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Beyond Paperwork: Assessing the Effectiveness of a Compliance Program

JD Supra: Mergers

In the world of FDA-regulated companies, compliance with regulatory requirements is not just a matter of paperwork. It is a critical aspect that can significantly impact mergers and acquisitions (M&A) and the overall success of your business. In this alert, we delve into the importance of healthcare compliance in M&A for FDA-regulated companies and provide key insights on evaluating the effectiveness of a compliance program.

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Party planning platform Punchbowl’s owner is acquiring Timehop

TechCrunch: M&A

The online party planning platform Punchbowl is rebranding to create a parent organization called Sincere Corporation. Additionally, it is also acquiring the personal memory capsule app Timehop — and yes, it still exists. Sincere said that Timehop as a product will continue to work on the memory space. As a part of this deal, some employees working mainly at Timehop are moving to Sincere, including former Timehop CEO Matt Raoul.

IT 185
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Delaware Supreme Court Affirms Tesla’s Acquisition of SolarCity as “Entirely Fair”

JD Supra: Mergers

The Delaware Supreme Court affirms the Court of Chancery’s determination that Tesla’s acquisition of SolarCity was the result of fair dealing, reflected a fair price, and was entirely fair—even when the process was imperfect. Supreme Court recognizes that a board of directors may have legitimate reasons not to employ the “best practice” of MFW protections in a conflicted, controlling stockholder transaction.

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Nick Bradley, Business Exit Expert, Discusses the Keys to Successful Exits and Scaling Businesses

How2Exit

b' Nick Bradley, Business Exit Expert, Discusses the Keys to Successful Exits and Scaling Businesses - Watch Here rn rn Here is what my team and I learned from this interview: (These are notes from team members, writers, sometimes AI, and even listeners who submitted what i learned loosely edited and shared here) - If it seems a bit unrefined, you're reading our notes, so. yeah.

Business 130
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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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Private Equity's Increasing Consolidation of Oncology Practices

JD Supra: Mergers

On April 23 a group led by private equity firm TPG agreed to acquire OneOncology, the nation’s largest independent community oncology network, in a deal valued at $2.1 billion. AmerisourceBergen, the big drug wholesaler, is buying a minority stake in the firm; OneOncology’s affiliated practices, physicians, and management team will also retain a minority interest.

More Trending

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Delaware Supreme Court Affirms Decision Rejecting Fiduciary Duty Claims As To Allegedly Conflicted Acquisition Because It Satisfied Entire Fairness Review  

JD Supra: Mergers

On June 6, 2023, in an opinion authored by Justice Karen L. Valihura, the Supreme Court of Delaware sitting en banc unanimously affirmed judgment in favor of defendant, the CEO/Founder and then-Chairman (the “Chairman”) of Tesla Motors, Inc. (the “Company”), on derivative claims for breach of fiduciary duty asserted by stockholders in connection with the Company’s acquisition of SolarCity Corporation (the “Target”).

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Contested Solicitations in 2023

Deal Lawyers

Over on TheCorporateCounsel.net, we received a question on our Q&A Forum asking whether there’s a list of contested solicitations since the adoption of universal proxy.

Investors 100
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European biotech enjoys a burst of dealmaking activity

JD Supra: Mergers

European biotech just enjoyed its most abundant quarter in nearly two years in a tentative sign of a renaissance in the sector. There were 46 deals in Q1 2023, the second biggest year for deals in the region on Mergermarket record.

IT 130
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India to lose 6,500 millionaires in 2023, Dubai and Singapore top choice

Business Standard - FInance

This places India as the second-largest country in terms of HNWI outflow globally, following China (net loss of 13,500)

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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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State Street to support entire ETF lifecycle through Alpha platform

The TRADE

State Street has expanded the capabilities of its Alpha platform to support the entire lifecycle for exchange traded funds (ETFs). The new State Street Alpha for ETF Issuers offering integrates Charles River Development’s front-office products with State Street’s ETF servicing capabilities to provide end-to-end technology and processes for ETF issuers.

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Decoded: Why India's millionaires are flocking to Dubai and Singapore

Business Standard - FInance

Prohibitive tax laws coupled with convoluted and complex rules on outbound remittances that are open to misinterpretation and abuse are among the problems that have triggered the migration

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Unleash the Power of Cisco DNA Center on AWS

Cisco: M&A

Cisco’s partnership with Amazon Web Services (AWS) empowers customers and partners to leverage the agility and scalability of the cloud by running Cisco DNA Center on AWS.

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How you can rebuild your credit score even after late payments

Business Standard - FInance

Start by reviewing your credit report and identifying the late payment entry. Understand the impact it has had on your credit score and how it may affect your overall creditworthiness.

IT 98
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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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Morgan Stanley says this retailer is set up for an 'inflection point'

CNBC: Investing

Analyst Alex Straton upgraded the retailer to overweight, saying its low valuation relative to peers creates an attractive risk-reward balance to the upside.

Retail 95
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Microfinance loan portfolio up 22% to Rs 3.48 trillion in FY23, shows data

Business Standard - FInance

Microfinance loan portfolio increased by 22 per cent to Rs 3.48 lakh crore during 2022-23, according to a report. Gross loan portfolio stood at Rs 2.85 lakh crore as on March 31, 2022. Microfinance loan disbursals during FY 2022-23 improved by 23 per cent to Rs 2,96,423 crores compared to Rs 2,39,433 crore in the previous financial year. About 7.17 crore loans were disbursed during FY 22-23 as against 6.30 crore in the previous year indicating higher ticket size of new loans, microfinance instit

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Cathie Wood builds a $47 million bet on Meta after exiting A.I. winner Nvidia too early

CNBC: Investing

Ark Invest's Cathie Wood built a sizable stake in Meta Platforms Monday after the innovation investor missed out on the recent rally in AI winner Nvidia.

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CBI files FIR against Gujarat firm for Rs 1,518L fraud against PNB

Business Standard - FInance

CBI has filed an FIR against Gujarat-based Eternal Motors Pvt Ltd, its promoter and others for allegedly cheating the Punjab National Bank for an amount of Rs 1,518 lakh, an official said

Bank 98
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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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Duke Energy to sell commercial renewables business to Brookfield Renewable for $2.8bn

PE Hub

The sale is expected to close by the end of 2023. The post Duke Energy to sell commercial renewables business to Brookfield Renewable for $2.8bn appeared first on PE Hub.

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Higher deposit pricing to compress net interest margins by 10-20 bps

Business Standard - FInance

Banks are expected to see a 10-20 bps compression in their net interest margins (NIMs) to 3-3.1 per cent this fiscal as they price deposits higher to attract more funds, says a report. However, lower credit costs will offset this tailwind on account of continued benign asset quality, which will help them maintain profitability steady after touching a decadal high of 1.1 per cent on a return on assets basis, last fiscal, Crisil Ratings said in a report on Tuesday.

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Oracle stock gets upgraded as company beats on earnings. Here's what the pros have to say

CNBC: Investing

Pros on CNBC discussed what they think about Oracle as the stock hit an all-time high after fiscal fourth-quarter beats on the top and bottom line.

Stock 95
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Accenture plans to pump in $3 billion for data and AI in three years

Business Standard - FInance

Accenture's data and AI investment plan: India will be crucial part of the plan, since it is one of the largest delivery centres of the company

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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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U.S. Inflation Cools as Fed Plots Next Interest Rate Move

The New York Times: Banking

Consumer prices rose at the slowest pace in more than two years, an encouraging sign for policymakers as they plot their next interest rate move.

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Home prices costlier by 8% in India, Delhi-NCR sees steepest hike of 16%

Business Standard - FInance

Delhi-NCR saw the highest increase in residential prices at 16% year-on-year, followed by Kolkata and Bengaluru with 15% and 14% increase, respectively.

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Simplifying Experiences with a Platform Approach to SASE

Cisco: M&A

At Cisco Live in Las Vegas, we shared some exciting news and announcements about what Cisco is doing to lay the groundwork to be the connectivity and security provider for the world.

Shares 84
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India set for $168 bn behemoth as HDFC merger to be completed by 20 July

Business Standard - FInance

Announcement of the so called 'record date' - or the cut-off day set for investors - for the swapping of shares of Housing Development Finance Corp.

Mergers 98
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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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JPMorgan downgrades this regional bank stock, says earnings power looks challenged over the near term

CNBC: Investing

Rising expenses denting earnings growth create a murky near-term setup for shares of this regional bank stock, according to JPMorgan.

Bank 90
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Renovus Capital funds wealth tech firm F2 Strategy

PE Hub

In addition to this transaction, F2 has acquired consulting and services provider Winston-Salem, North Carolina-based Oakbrook Solutions. The post Renovus Capital funds wealth tech firm F2 Strategy appeared first on PE Hub.

Funds 81
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Here are 'anti-inflation' stocks that outperform as prices ease

CNBC: Investing

Inflation continued to slow in May, and the stocks that have benefited from easing prices could continue to enjoy the boost.

Stock 97