Fri.Jun 30, 2023

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GM buys software startup that predicts EV battery fires

TechCrunch: M&A

General Motors said Friday it has acquired Algolion, an Israel-based software startup that can detect potential hazards in battery cells. Financial terms were not disclosed. The automaker did say that Algolion’s six employees, including the company’s founders, will remain based in Israel and join more than 850 employees at the GM Technical Center in Herzliya, Israel.

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FTC Proposes Major Overhaul of Merger Filing Requirements

JD Supra: Mergers

Summary - The Federal Trade Commission (FTC), with the concurrence of the Department of Justice Antitrust Division, published a Notice of Proposed Rulemaking (Proposed Rule) aiming to revamp the premerger notification rules and process implementing the Hart-Scott-Rodino (HSR) Act in ways that will substantially increase the burdens on filing parties.

Mergers 152
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M&A is back and the enterprise is hot

TechCrunch: M&A

It’s been a quiet year when it comes to tech M&A. In fact, up until this week, there had only been a handful of enterprise deals of substance. It’s unclear whether it was a lack of cash, high interest rates or buyer caution in an uncertain market, but suddenly this week, it’s as though the M&A floodgates finally opened and we started to see some movement.

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Pre-Closing Special Dividends: Distributions or Sales Proceeds?

JD Supra: Mergers

A recent pair of decisions by the California Office of Tax Appeals examined the tax treatment of special dividends paid in connection with the acquisition of a corporate target. Private company acquisitions are frequently priced on a “cash-free, debt-free” basis.

Sale 145
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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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Well done, Pismo and Visa! You gave SoftBank a win

TechCrunch: M&A

Hello, and welcome back to Equity , a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. All the cool kids are filling out the Equity listener survey. We want to hear from you! Mary Ann and Alex are back for another busy news week chock full of deals to chew through. Here’s the rundown: Deals of the Week: We think that the idea behind the recently-funded Honey Homes is excellent , but we’re split about the cost.

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FTC and DOJ Propose Significant Changes to US Merger Review Process

JD Supra: Mergers

Introduction - On 27 June 2023, the Federal Trade Commission (FTC) and the Department of Justice–Antitrust Division (DOJ) (collectively, the Agencies) announced sweeping proposed changes to the US-premerger notification filing process. The proposed changes mark the first significant overhaul of the federal premerger notification form since its original release in 1978 and would require parties to reportable transactions to collect and submit significantly more information and documentation as.

Mergers 137

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FTC Proposes Sweeping Changes to HSR Reporting Requirements

JD Supra: Mergers

On June 27, the Federal Trade Commission (FTC) issued a press release[1] announcing proposed changes to reporting requirements under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the HSR Act). Under the HSR Act, parties to transactions that are large enough to trigger filing requirements must submit HSR forms, pay a filing fee and observe a waiting period before consummating the transaction.

Trading 137
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Apple passes $3 trillion market cap. Here's how to play the stock

CNBC: Investing

Pros on CNBC discuss Apple for becoming the first and only company to close above $3 trillion in market capitalization.

Stock 98
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FTC Plans Massive Revamp of HSR Act Reporting Requirements

JD Supra: Mergers

Big changes appear to be in store for the premerger notification program under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”). The HSR notification process currently requires parties to transactions valued in excess of statutory thresholds (including a deal value of $111.4 million), to submit a relatively straightforward form (the “HSR Form”) putting the Federal Trade Commission and Department of Justice Antitrust Division on notice that the deal is coming.

Trading 137
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Tech Learning Takes a Turn for the Faster: Introducing The U.

Cisco: M&A

Welcome to The U. , a new expert-led technical video series from the masterminds behind Cisco U. , our new digital tech learning experience.

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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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FTC Releases Proposed Changes to Premerger Notification Form and Process

JD Supra: Mergers

The Federal Trade Commission (FTC) has proposed, for comment, significant changes to the information and documents to be submitted with premerger filings—even in transactions that do not raise significant antitrust issues. The changes proposed may not take effect and may be different when finalized. But if promulgated as proposed, every Hart-Scott-Rodino (HSR) filing will be more difficult and time-consuming, and transactions that might raise even marginal antitrust issues will require.

Trading 130
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Wall Street investors say Big Tech is the best way to invest in A.I., CNBC survey shows

CNBC: Investing

Most Wall Street investors believe the best way to take advantage of the artificial intelligence boom is to buy Big Tech stocks, according to a CNBC survey.

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Nine Fundamental Principles of Experience Management - Part 1

JD Supra: Mergers

As the legal industry becomes increasingly competitive, law firms are recognizing the importance of effectively managing their experience and knowledge to foster collaboration, demonstrate their expertise to clients and win new business. However, firms of all sizes continue to struggle to implement repeatable processes, incorporate new technologies and increase attorney engagement to establish a robust experience management program.

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These sectors outperformed in the first half. How analysts are playing them for the rest of 2023

CNBC: Investing

The broader market index is up more than 15% year to date, on track for its best first half since 2019.

IT 98
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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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Sustainability and Antitrust – Do the EU Commission’s New Horizontal Guidelines Bring Fresh Momentum to the Debate and Provide Legal Certainty for Companies?

JD Supra: Mergers

On June 1, 2023, the EU Commission (EC) adopted its New Horizontal Guidelines on the applicability of the EU’s prohibition of anticompetitive agreements (Art. 101 Treaty on the Functioning of the European Union (TFEU)), accompanied by a Q&A document. In line with the EC's strategy to implement the Green Deal, the New Horizontal Guidelines include a new chapter providing general guidance on the assessment of agreements between competitors that pursue sustainability objectives.

IT 130
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Here's the next yield play for fixed income as rates peak, according to BlackRock

CNBC: Investing

It's time to step out of cash and start snapping up high-quality bonds, according to the asset manager.

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FTC and DOJ Propose Wide Ranging Changes to HSR Form and Instructions

JD Supra: Mergers

On June 27, 2023, the Federal Trade Commission (“FTC”), with the concurrence of the Assistant Attorney General of the Antitrust Division of the U.S. Department of Justice (together with the FTC, the “Agencies”), announced that it is proposing extensive changes to the premerger notification form, instructions, and implementing regulations under the Hart-Scott-Rodino (“HSR”) Act.

Trading 130
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Carnival and this power generator stock led the S&P 500 higher in the final week of June

CNBC: Investing

CNBC Pro screened for the best performers this week.

S&P 98
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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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Trouble on the Horizon for Amgen’s Planned Acquisition

JD Supra: Mergers

Six Democratic AGs joined the FTC in filing a lawsuit to block Amgen Inc.’s planned purchase of Horizon Therapeutics PLC, alleging that the transaction raises antitrust concerns and violates the Clayton Act.

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Investors are betting on stocks to keep rising in the second half with these ETFs

CNBC: Investing

The inflows suggest investors have not been looking to lock in their gains after the first-half rally.

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GSA Releases Final RFPs for $60B OASIS+ Program

JD Supra: Mergers

On June 15, 2023, the U.S. General Services Administration (GSA) released final solicitations for the six groups of One Acquisition Solution for Integrated Services Plus (OASIS+) contracts for complex professional and engineering services.

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Value and growth strategies are about to switch, BTIG says. These are the ETFs to play it

CNBC: Investing

BTIG said in a note that investors should be prepared for the growth stock rally in the first half to reverse in the coming months.

IT 98
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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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US antitrust agencies propose sweeping and burdensome changes to HSR Form

JD Supra: Mergers

On 27 June 2023, the Federal Trade Commission (FTC), in coordination with the Antitrust Division of the Department of Justice (DOJ), issued a notice of proposed rulemaking (Notice) to make extensive changes to the information and documents required in connection with premerger notification reports under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act).

Trading 100
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This cruise line stock can rally another 45% after more than doubling to start the year, Jefferies says

CNBC: Investing

Carnival shares more than doubled this year, and have run up more than 50% this month alone, amid a broader rally for cruise line stocks.

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Australia's New Register of Foreign Ownership of Australian Assets Commences on July 1, 2023

JD Supra: Mergers

In Short - The Situation: From July 1, 2023, foreign investors in Australia will be subject to new registration requirements under Australia's foreign investment regime.

Investors 100
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Analysts are bullish on Nike shares even after the apparel giant's earnings miss

CNBC: Investing

Nike shares slid in the premarket after the sports apparel firm missed earnings expectations. However, it did beat revenue estimates.

Shares 98
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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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Charts:182 of 200 firms in BSE 200 index see profit rise by 5% on year

Business Standard - FInance

FPI flows are a major contributor to volatility spillovers in various segments of Indian financial market

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This solar stock has a 'healthy' setup and can surge more than 50%, Bank of America says

CNBC: Investing

While the stock underperformed this year, down by more than 10%, the analyst expects it has plenty of upside.

Stock 98
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Paytm partners with Shriram Finance to strengthen its loan distribution biz

Business Standard - FInance

Paytm Shriram Finance Partnership: Now, Shriram Finance products will be available on Paytm's platform

Finance 98
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Here are Friday's biggest analyst calls: Nvidia, Apple, Carnival, Snowflake, Nike, SolarEdge & more

CNBC: Investing

Here are Friday's biggest calls on Wall Street.

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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?