AI innovation and disruption in M&A
PE Hub
OCTOBER 30, 2023
Within the broad field of AI, there is a crucial distinction between traditional AI and generative AI. The post AI innovation and disruption in M&A appeared first on PE Hub.
October, 2023
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It’s official: Microsoft closes $68.7B Activision Blizzard acquisition as UK approves restructured deal
TechCrunch: M&A
OCTOBER 12, 2023
After a prolonged antitrust tussle, Microsoft’s near-two-year attempt to buy gaming giant Activision is finally happening, after the U.K.’s Competition and Markets Authority (CMA) accepted a restructured proposal that addresses the CMA’s concerns about Microsoft dominating the cloud gaming market. The crux of Microsoft’s concession to get the deal over the line lies squarely in […] © 2023 TechCrunch.
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Warren Buffett on what to do during price swings — 'Volatility is a huge plus to the real investor'
CNBC: Investing
OCTOBER 7, 2023
The Berkshire Hathaway CEO believes volatility shouldn't matter to those who view their equity stakes as small pieces of businesses.
European Commission Signals Increased Scrutiny in Semiconductors, AI, Quantum Technologies, and Biotechnologies
JD Supra: Mergers
OCTOBER 17, 2023
On October 3, 2023, the European Commission ("Commission") unveiled a list of 10 technology areas qualified as "critical" to the European Union's ("EU") economic security, out of which four (Semiconductors, AI, Quantum Technologies, and Biotechnologies) are considered as highly likely to present the most sensitive and immediate risks related to Europe's technology security and technology leakage.
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.
First base for your gen AI journey? Could be efficiency
Accenture Capital Markets
OCTOBER 11, 2023
In my previous blog in this short series on generative AI in capital markets, I gave my perspective on why gen AI is so game-changing for our industry. From the highest level, using gen AI to drive efficiencies could help firms to respond to some of the bigger global macroeconomic challenges currently confronting the industry—not least inflationary and economic headwinds as these shifts may also demand firms to undertake cost transformation programs as part of what Accenture calls Total Enterpri
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Sam Bankman-Fried Denies Knowing FTX Money Was Missing, as He Concludes Testimony
The New York Times: Banking
OCTOBER 31, 2023
The founder of the FTX crypto exchange was grilled by a federal prosecutor for a second day, just before both sides rested their case in the criminal fraud trial.
Atlassian to acquire former unicorn Loom for $975M
TechCrunch: M&A
OCTOBER 12, 2023
Atlassian announced this morning that it is acquiring video messaging service Loom for $975 million, the same company that had a $1.53 billion valuation in May 2021 when it announced a $130 million Series C. That was when companies were still thinking about all work being cloud-based and the future looked oh so bright. As […] © 2023 TechCrunch.
'The bond vigilante is coming back,' UBS strategist says
CNBC: Investing
OCTOBER 23, 2023
The "bond vigilantes are coming back" as investors continue to sell amid the prospect of a growing fiscal deficit, according to UBS Asset Management's Kevin Zhao.
Sheridan Capital forms Ascend Plastic Surgery Partners
PE Hub
OCTOBER 27, 2023
Sheridan invested alongside Ascend’s surgeons and management, who have retained a meaningful ownership stake in the business. The post Sheridan Capital forms Ascend Plastic Surgery Partners appeared first on PE Hub.
Rite Aid Files for Bankruptcy, Facing Slumping Sales and Opioid Suits
The New York Times: Mergers, Acquisitions and Dive
OCTOBER 16, 2023
The pharmacy chain, one of the country’s largest, faces more than a thousand lawsuits that say it filled illegal prescriptions for painkillers.
Britain pulls rules aimed at applying lessons from Carillion, BHS, collapses
Global Banking & Finance
OCTOBER 16, 2023
Britain pulls rules aimed at applying lessons from Carillion, BHS, collapses By Huw Jones LONDON (Reuters) – Britain on Monday unexpectedly scrapped “burdensome” draft rules is has already put to parliament for approval just 13 weeks ago to apply lessons from the collapse of builder Carillion and retailer BHS.
Crypto Goes on Trial, as Sam Bankman-Fried Faces His Reckoning
The New York Times: Banking
OCTOBER 2, 2023
The FTX founder’s uphill court battle starts Tuesday, after he has come to symbolize everything that went wrong with the cryptocurrency industry.
WordPress.com owner buys all-in-one messaging app Texts.com for $50M
TechCrunch: M&A
OCTOBER 24, 2023
WordPress.com and Tumblr owner Automattic is adding another company to its portfolio with today’s news that it has acquired the all-in-one messaging app Texts.com for $50 million. The app brings all your messaging apps together in a single dashboard, including iMessage, Slack, WhatsApp, Instagram, Telegram, Messenger, LinkedIn, Signal, Discord and X, with plans for more […] © 2023 TechCrunch.
Wall Street hikes forecasts for anti-obesity drug sales to $100 billion and beyond. A look at the numbers
CNBC: Investing
OCTOBER 23, 2023
Citi notched its estimate for incretin drug sales to $71 billion by 2035, up from its prior estimate of $55 billion. That view seems conservative. Here's why.
Failure to plan for an IPO is planning to fail
PE Hub
OCTOBER 31, 2023
With a new year just around the corner and the economy bracing for the Presidential election, those looking to IPO by Q4 2024 must prepare now. The post Failure to plan for an IPO is planning to fail appeared first on PE Hub.
Artificial Intelligence in Higher Education: Trick or Treat?
Tyton Partners
OCTOBER 30, 2023
If you have been at any higher education events lately, AI has been the top item on conference agendas. Reactions throughout the academy have ranged from, “the sky is falling“ to “AI is the solution to everything.” So, as a leader at your institution or organization, how should you be thinking about the potential or AI as one of the items in your “bag of tricks” to achieve better institutional outcomes and efficiencies at your organization?
U.S. dollar gains as risk sentiment sours, Treasury yields rise
Global Banking & Finance
OCTOBER 25, 2023
U.S. dollar gains as risk sentiment sours, Treasury yields rise By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar edged higher against a basket of currencies on Wednesday, as investors’ appetite for riskier currencies faded following lacklustre corporate results that raised worries over the economic outlook, and as Treasury yields rose.
China Bet It All on Real Estate. Now Its Economy Is Paying the Price.
The New York Times: Banking
OCTOBER 16, 2023
After relying on a borrow-to-build model for decades, Beijing must make difficult choices about the country’s housing market and economic future.
AI-powered parking platform Metropolis raises $1.7B to acquire SP Plus
TechCrunch: M&A
OCTOBER 5, 2023
AI-powered parking platform Metropolis today announced that it raised $1.7 billion to acquire SP Plus, a provider of parking facility management services, in a combination of equity and debt.
‘Big Short’ Michael Burry takes a victory lap after calling the tech-led market correction
CNBC: Investing
OCTOBER 27, 2023
Michael Burry, best known for calling the subprime mortgage crisis, added a new notch in his belt by predicting the latest market correction.
A quantum leap in finance: How to boost Europe’s quantum technology industry
European Investment Bank
OCTOBER 19, 2023
Quantum technologies offer a vision of a healthier, more sustainable and resilient Europe. They will one day enable disruptive innovations that could transform our societies, economies and almost all industries by solving problems that have eluded even our most powerful computers. From chemicals and life sciences to finance and renewable energy, quantum technologies can speed up the development of groundbreaking new products and improve the ways we do things now.
Microsoft Closes $69 Billion Activision Blizzard Deal
The New York Times: Mergers, Acquisitions and Dive
OCTOBER 13, 2023
The megadeal could strengthen Microsoft’s standing in the video game industry, after a year and a half of negotiations with regulators around the world.
UK to release experimental jobless data instead of standard numbers
Global Banking & Finance
OCTOBER 23, 2023
UK to release experimental jobless data instead of standard numbers LONDON (Reuters) -Britain’s Office for National Statistics (ONS) said it would publish an experimental adjusted estimate of Britain’s unemployment rate on Tuesday, instead of its usual labour market survey which has suffered from a falling response rate.
Africa Needs Its Debts Paused So It Can Prepare for Climate Catastrophe
The New York Times: Banking
OCTOBER 8, 2023
Instead of receiving funds to address the climate crisis, Africa is borrowing money at a cost up to eight times higher than the rich world to rebuild.
After $43B valuation, Databricks acquires data replication startup Arcion for $100M
TechCrunch: M&A
OCTOBER 23, 2023
Databricks has remained a hot startup at a time when interest from investors has cooled across the ecosystem. Just last month the company raised $500 million at an eye-popping $43 billion valuation. That would be big money anytime, but especially in the current fundraising climate. With that kind of dough in its coffers, the company […] © 2023 TechCrunch.
The next AI winners may be these old economy companies embracing the revolution
CNBC: Investing
OCTOBER 26, 2023
Investor Nancy Tengler says a search for more traditional companies embracing digitization could help investors find less ovious beneficiaries of the AI boom.
The TRADE announces the Rising Stars of Trading and Execution 2023
The TRADE
OCTOBER 18, 2023
For the first time, The TRADE is announcing the 2023 Rising Stars of Trading and Execution ahead of the gala awards ceremony, Leaders in Trading on 8 November. Now in its ninth year, the Rising Stars awards scheme, in partnership with Instinet, is designed to recognise the very best up-and-coming buy-side trading professionals, and to shine a spotlight on those who have the potential to be the future leaders of the buy-side community.
Exxon Acquires Pioneer Natural Resources for $60 Billion
The New York Times: Mergers, Acquisitions and Dive
OCTOBER 11, 2023
The acquisition of Pioneer Natural Resources, Exxon’s largest since its merger with Mobil in 1999, is a bet that U.S. energy policy will not move against fossil fuels in a major way.
Dollar gains against yen, eases against euro
Global Banking & Finance
OCTOBER 16, 2023
Dollar gains against yen, eases against euro By Karen Brettell NEW YORK (Reuters) – The dollar was mixed on Monday before a week heavy with speeches by Federal Reserve officials that will be watched for further clues on interest rate policy and as investors monitored developments in the Middle East.
Wall Street’s Most Hated Regulator Faces a Fundamental Threat
The New York Times: Banking
OCTOBER 1, 2023
Rohit Chopra, who leads the Consumer Financial Protection Bureau, says he is simply enforcing the law. Bankers call him reckless — a “regulator gone rogue.
Block acquires music financial services startup Hifi
TechCrunch: M&A
OCTOBER 12, 2023
Block, the Jack Dorsey-founded fintech company previously known as Square, has acquired Hifi, a music-focused fintech startup. The company declined to share deal terms. Hifi founder and CEO Damian Manning announced the news in a LinkedIn post yesterday. The company also updated its website, which states that it’s joining Block to “further our shared purpose […] © 2023 TechCrunch.
Goldman Sachs upgrades this homebuilder stock, says it can outperform despite higher mortgage rates
CNBC: Investing
OCTOBER 16, 2023
This construction company's focus on sales volume could help push the stock higher as consumer affordability remains tight, Goldman Sachs says.
Cboe Global Markets appoints new head of derivatives
The TRADE
OCTOBER 11, 2023
Cboe Global Markets has appointed Catherine Clay as global head of derivatives as part of new senior leadership changes made by the firm to support growth strategies. Clay previously served as global head of data and access solutions and digital and will now oversee Cboe’s global derivatives business. This will include futures and options markets in the US and Europe, alongside globally traded proprietary products including S&P 500 Index option and VIX franchises.
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