Sat.Aug 31, 2024 - Fri.Sep 06, 2024

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Salesforce acquires data management firm Own for $1.9B in cash

TechCrunch: M&A

Salesforce has acquired Own Company, a New Jersey-based provider of data management and protection solutions, for $1.9 billion in cash. Own is Salesforce’s biggest deal since buying Slack for $27.7 billion in 2021. The company reportedly considered — but ultimately decided against — purchasing data management software firm Informatica earlier this year.

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Question of the Week: What is the next frontier in AI mergers and acquisitions, and how will it shape the future landscape of the industry?

JD Supra: Mergers

"We’re currently seeing a lot of follow-on investments into AI. For example, sponsors are making incremental investments into portfolio companies or using portco balance sheet cash and/or stock to finance acquisitions of minority investments in or joint venture transactions with AI-focused companies.

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Nvidia is a no-go for over half of this ultra-rich club's members with assets worth $165 billion

CNBC: Investing

Over half of Tiger 21's members don't invest in Nvidia, according to a recent asset allocation report released by the network of ultra high net worth investors.

Investors 135
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Why It’s So Hard for China to Fix Its Ailing Economy

The New York Times: Banking

A real estate collapse has made consumers cautious and businesses wary, as China confronts a crisis unlike any other since it opened its economy to the world.

IT 139
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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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From InstaDeep to Paystack: Here are Africa’s biggest startup exits and how much they raised

TechCrunch: M&A

As we continue to monitor the growth of Africa's tech ecosystem, it’s essential to highlight and analyze the biggest disclosed acquisitions. © 2024 TechCrunch. All rights reserved. For personal use only.

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Goldman tells clients to go for gold, likes metal amid geopolitical risk, rate cuts

CNBC: Investing

Gold futures have surged nearly 22% this year, with the precious metal poised to rally even more when the Federal Reserve starts cutting interest rates.

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7-Eleven Rejects Takeover Bid From Big Canadian Chain

The New York Times: Mergers, Acquisitions and Dive

Japan’s Seven & i Holdings, the operator of 7-Eleven, has rebuffed a buyout offer that would have been the largest foreign-led acquisition of a Japanese company.

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Verizon bets on fiber’s staying power as it acquires Frontier for $20B

TechCrunch: M&A

Verizon's big interest in Frontier is its fiber business and the fact that it extends to places that Verizon does not currently cover as well. © 2024 TechCrunch. All rights reserved. For personal use only.

IT 224
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Justice Department’s New Task Force on Health Care Monopolies and Collusion

JD Supra: Mergers

DOJ recently formed the Antitrust Division’s (the “Division”) Task Force on Health Care Monopolies and Collusion (“HCMC”), signaling anticompetitive activity in health care markets as an enforcement priority.

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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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America Must Free Itself from the Tyranny of the Penny

The New York Times: Banking

Few things symbolize our national dysfunction as much as this accursed coin, which we mint by the millions because it’s too worthless to spend.

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Biden Expected to Block U.S. Steel Takeover

The New York Times: Mergers, Acquisitions and Dive

The Committee on Foreign Investment in the United States is expected to raise national security concerns about selling the iconic steel producer to Japan’s Nippon Steel.

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Bank of America says Nvidia is a buy, near the cheapest in 5 years

CNBC: Investing

Shares of Nvidia have pulled back 14% in the past quarter, opening up an attractive entry point for investors, Bank of America said.

Bank 143
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Australia’s proposed mandatory merger notification thresholds announced

JD Supra: Mergers

On Friday 30 August 2024 the Australian Government released its much-anticipated proposed mandatory merger notification thresholds, marking a significant milestone in Australia’s shift to a mandatory merger regime. The thresholds for Australia's proposed mandatory and suspensory regime have been released and will be open for public consultation until 20 September 2024.

Mergers 291
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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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Stock Slide as Investors Wrestle With Shifting Bets on Rate Cuts

The New York Times: Banking

The stock market “can’t win” at the moment, said Andrew Brenner, head of international fixed income at National Alliance Securities. “Heads I lose, tails I lose.

Stock 124
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Citadel equity trader returns to Citi after four years

The TRADE

Vincent Hall has joined Citi as an equity trader following two years at Citadel where he served in the same role. He returns to Citi after four years, having previously worked at the firm as associate vice president in emerging markets equity trading. Elsewhere in his career, Hall has also worked at BlackRock as an associate. Read more: Fireside Friday with… Citi’s Chris Gooch Earlier this year, Citi appointed Jamie Miller as new head of electronic equity sales trading for the EMEA region , as

Equities 102
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The Fed won't save stocks, sell the first rate cut, says Stifel

CNBC: Investing

“Fed cuts are a red herring,” Stifel strategists said. “We have our doubts about the currently widespread belief that ‘Fed Cuts = Buy Stocks.

Stock 127
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Closing with Confidence: Representations and Warranties Insurance in M&A

JD Supra: Mergers

Representations and warranties insurance (RWI) has become an increasingly common feature in mergers and acquisitions (M&A) transactions, serving as a risk management tool for both buyers and sellers. RWI facilitates deal-making by offering protection against financial losses arising from breaches or inaccuracies of the representations and warranties made by the seller in the transaction documents, which are often a contentiously negotiated aspect of a purchase agreement.

M&A 283
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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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Carl Icahn, Activist Investor, Faces Intense Scrutiny From Wall Street

The New York Times: Banking

The value of the 88-year-old activist investor’s company has fallen by nearly $20 billion. Mr. Icahn said that he was “absolutely not selling.

Investors 125
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Leveraging Threat Intelligence in Cisco Secure Network Analytics

Cisco: M&A

Cisco Secure Network Analytics provides pervasive network visibility and security analytics for advanced protection across the extended network and cloud. The purpose of this blog is to review two methods of using threat intelligence in Secure Network Analytics.

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Friday's big stock stories: What’s likely to move the market in the next trading session

CNBC: Investing

The S&P 500 slid a third time on Thursday as traders braced for the big August jobs report. Here's what CNBC TV is watching going into Friday.

S&P 119
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Singapore: reinventing an ASEAN hub for investments, funds and restructuring

JD Supra: Mergers

Singapore’s status as a leading financial centre in Asia and regional hub for commodity trading, shipping, and increasingly, private capital activity has been cemented over the years, especially in the past decade.

Funds 268
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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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For the Fed, a Sign That the Job Market Is Cooling but Not Imploding

The New York Times: Banking

Fed officials have been watching the job market as they move toward a rate cut this month. Friday’s report contained good and bad news.

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Connectivity they can count on: Claflin University’s tech revolution

Cisco: M&A

Technology modernizations, reliable broadband access, and upskilling are transforming the way Claflin University delivers a high-quality education and how students and the community can now connect in ways they've never connected before.

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Top Wall Street analysts are bullish on these 3 dividend-paying stocks

CNBC: Investing

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Walmart and Energy Transfer.

Stock 132
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July 2024 HSR Transactions: What GDP Growth and Economic Trends Mean for eDiscovery

JD Supra: Mergers

ComplexDiscovery’s Editor’s Note: This article provides a detailed analysis of the July 2024 HSR transaction data and key economic indicators, emphasizing their impact on the eDiscovery sector. It explores the implications of GDP growth, personal income trends, and inflationary pressures on legal budgets and strategic spending within various industries.

Economics 268
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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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Lebanon Detains Riad Salameh, Former Head of Central Bank

The New York Times: Banking

Riad Salameh, once seen as an international financial wizard, is the subject of multiple inquiries and has attracted blame for the country’s economic crisis.

Economics 109
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Post-Merger Integration: A Complete Guide for the First-Time Buyer

Lake Country Advisors

Post-merger integration (PMI) is a crucial phase that can make or break a merger or acquisition. For first-time buyers, understanding PMI is essential for merging two companies into one effective unit. This guide, backed by expert mergers and acquisitions consulting , covers all you need to know about PMI to ensure a smooth transition and maximize your investment.

Mergers 96
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Wednesday's big stock stories: What’s likely to move the market in the next trading session

CNBC: Investing

Tech shares sold off sharply Tuesday, dragging the S&P 500 to its worst day since August. Here's what CNBC TV is watching going into Wednesday.

S&P 117