Sat.Dec 23, 2023 - Fri.Dec 29, 2023

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In a slow year for enterprise tech M&A, there were few standout deals

TechCrunch: M&A

It was a slow year in enterprise technology M&A, and the total was the second lowest since we started compiling the data in 2018. © 2023 TechCrunch. All rights reserved. For personal use only.

M&A 252
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Court of Chancery Finds Officer Liable for Competing With Corporation and Misappropriating Trade Secrets

JD Supra: Mergers

On September 1, 2023, Vice Chancellor Paul A. Fioravanti, Jr. of the Court of Chancery delivered a decision finding that the president of a plaintiff company and a second business the president had formed and served simultaneously were liable for his misappropriation of trade secrets, breach of contract and breaches of his fiduciary duty of loyalty to the plaintiff.

Trading 170
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Serious Medical Errors Rose After Private Equity Firms Bought Hospitals

The New York Times: Mergers, Acquisitions and Dive

A new study shows an increase in the rate of inpatient complications, including infections and falls, though patients were no more likely to die.

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World stocks at highest in over a year on rate cut bets

Global Banking & Finance

World stocks at highest in over a year on rate cut bets By Koh Gui Qing and Dhara Ranasinghe NEW YORK/LONDON (Reuters) -World stocks rallied to their highest level in more than a year on Wednesday, while the U.S.

Stock 124
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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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The option income ETF craze has started to cool, but Wall Street is betting it's here to stay

CNBC: Investing

Funds like the JPMorgan Premium Income ETF (JEPI) may be less attractive to investors during big rallies, but can still deliver solid payouts.

Funds 138

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The TRADE predictions series 2024: Utilising data for better outcomes

The TRADE

Paul Humphrey, chief executive officer, BMLL Technologies Back in 2020, we said the race for speed was over, and the global race for quality data and analytics was on. We see this continuing, and the industry-wide lack of quant resources – critical for researching, analysing and understanding market behaviour – adds both complexity and urgency to this race.

Trading 120
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Asia shares at 5-month highs as rate cut bets pile up

Global Banking & Finance

Asia shares at 5-month highs as rate cut bets pile up By Wayne Cole SYDNEY (Reuters) -Asian shares scaled five-month peaks on Thursday as market wagers on ever-more aggressive rate cuts extended a huge rally in U.S. stocks and bonds, while also leaving plenty of scope for disappointment in the new year.

Shares 124
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Could a bitcoin ETF approval be a sell-the-news event? What investors are expecting on the big day

CNBC: Investing

A bitcoin ETF approval is expected in the coming weeks, but the market may be a little overheated. Here's what to expect of it happens.

Investors 129
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Empowering Africa through impact investing

JD Supra: Mergers

Please give us an overview of your experience in Europe and then Africa. How has that shaped your perspectives on PE in Africa? I started off my African PE journey back in 2010 with Helios Investment Partners. I was with Helios for about five years, which was a great experience, working up to being a principal, and leading transactions in the energy and digital infrastructure sectors.

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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 TRADE predictions series 2024: Digital assets

The TRADE

Duncan Trenholme and Simon Forster, global co-heads of digital assets, TP ICAP We expect 2024 to see the wholesale cryptoasset market professionalise and become increasingly serviced by traditional brands and providers. Spot exchange operating models will continue to unbundle, with the separation of execution and custody becoming the default for institutional market participants; this unbundling will protect investors.

Trading 119
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Dollar dips as traders focus on US rate cuts next year

Global Banking & Finance

Dollar dips as traders focus on US rate cuts next year By Ankur Banerjee SINGAPORE (Reuters) -The dollar nursed steep losses on Thursday and was headed for a yearly decline, while the Swiss franc perched at a nine-year peak and the euro at a five-month high on expectations that 2024 will bring deep rate cuts.

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Brazil stocks enjoyed their best year since 2019. What to expect in the new year

CNBC: Investing

The Bovespa index, Brazil's stock benchmark, rallied 22% this year. That's its biggest annual increase since 2019 — when it rallied 31.6%.

Stock 120
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FTC and DOJ Release New Merger Guidelines

JD Supra: Mergers

On December 18, 2023, the Federal Trade Commission and the Department of Justice jointly released their final Merger Guidelines. The Guidelines “identify the procedures and enforcement practices [the agencies] most often use to investigate whether mergers violate the antitrust laws.” The agencies issued the Guidelines after a nearly two-year process that included issuance of draft Guidelines on July 19, 2023, a subsequent public comment period, four public “listening sessions” and three.

Mergers 165
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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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Qatar’s Edaa postpones T+2 switch until March

The TRADE

The Qatari CSD Edaa has postponed the reduction of the settlement period from T+3 to T+2 until March 2024, in coordination with the Qatar Financial Market Authority (QFMA). Sheikh Saif bin Abdullah Al-Thani, CEO of Edaa, indicated that the deadline was granted so that market participants, financial intermediaries and custodians could update their systems and notify their clients of the new procedures in preparation for its implementation.

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Now May Be the Time to Lock In High Interest Rates on Your Savings

The New York Times: Banking

Rates on C.D.s are the highest they’ve been in years. But the Fed is signaling that it may cut its borrowing costs next year, and C.D. rates could follow.

IT 113
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Oprah's flip on weight loss drugs is a sign of what's to come for the 'Ozempic trade' in 2024

CNBC: Investing

Oprah Winfrey has changed her mind on weight loss drugs and others have, too. What's ahead for the category in 2024.

Trading 128
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UAE issues new Competition Law with new merger control regime

JD Supra: Mergers

The United Arab Emirates is the latest country in the Middle East to overhaul its competition regime. On December 29, 2023, a new competition law comes into effect, including a new merger control regime that can be triggered by the parties' turnover and would suspend transactions by up to 90 days pending completion of the review. Failure to comply is subject to potentially steep fines.

Mergers 159
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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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The TRADE’s most read stories of the year part three: Regulation, consolidation and resignation

The TRADE

4. Cboe names new chief executive as Edward Tilly resigns over undisclosed personal relationships Coming in at number four in The TRADE’s most read stories for 2023 was news in September that Cboe Global Markets’ chief executive officer Edward Tilly had resigned over undisclosed personal relationships. Tilly resigned from the company following the conclusion of an investigation into his conduct, launched in late August 2023.

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IMCD Colombia to acquire the distribution business of Joli Foods S.A.S. to strengthen its food and nutrition portfolio

Global Newswire by Notified: M&A

ROTTERDAM, The Netherlands (27 December 2023) – IMCD N.V. (“IMCD” or “Company”), a global leading distribution partner, and formulator of speciality chemicals and ingredients, today announces that IMCD Colombia has signed an agreement to acquire the distribution business of Joli Foods S.A.S. (“Joli Foods”) to expand its food and nutrition business and product portfolio.

Food 105
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Top Wall Street analysts like these stocks into the new year for their growth potential

CNBC: Investing

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Uber and Costco.

Stock 128
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Senior Living Alert – Antitrust Developments Related to Transactions Involving Private Equity Investment in Senior Living Facilities and Other Healthcare Entities 

JD Supra: Mergers

White House and Agency Initiatives - On Dec. 13, 2023, the White House announced new efforts to lower healthcare and prescription drug costs, issuing a detailed Fact Sheet. Two of the initiatives focus on private equity investments in healthcare.

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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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The TRADE predictions series 2024: Foreign exchange, it’s all about swaps and forwards

The TRADE

Eric Huttman, chief executive, MillTechFX Despite the relative calming of FX volatility compared to 2022, the management of currency risk was still a top priority for fund managers throughout 2023. Our own research found that 82% of North American and 77% of UK fund managers were affected by USD and GBP volatility respectively, clearly highlighting that fund managers aren’t out of the woods yet when it comes to the threat of currency movements.

Trading 109
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Manchester United Sells 25 Percent Ownership Stake to Jim Ratcliffe

The New York Times: Mergers, Acquisitions and Dive

The billion-dollar deal leaves the team’s unpopular owners, the Glazer family, in control of the club, but it delegates important responsibilities to their new partner.

IT 109
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A look back at a remarkable stock market year, and what should worry investors into 2024

CNBC: Investing

The two biggest investing events of 2023 were AI and the growth of the Magnificent 7 and the recession that never came.

Investors 123
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New Merger Enforcement Toolkit: FTC and DOJ Release Final 2023 Merger Guidelines

JD Supra: Mergers

On December 18, 2023, the Federal Trade Commission (“FTC”) and the Department of Justice (“DOJ”) (collectively, the “Agencies”) published the long-awaited final 2023 Merger Guidelines. The 2023 Merger Guidelines are informed by almost two years of considerable engagement between antitrust regulators, practitioners, economists, and the general public.

Mergers 159
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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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The TRADE’s most read stories of the year part one: Major acquisitions, senior appointments and exchange outages

The TRADE

10. Marex to acquire Cowen’s prime brokerage and outsourced trading business from TD At number ten was a story broken by The TRADE in September, news that Cowen’s prime brokerage and outsourced trading business had been acquired by Marex just six months after TD completed its purchase of the business. This came amidst a near-constant stream of mergers and acquisitions across both the sell- and buy-side this calendar year.

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Red Sea shipping workarounds add costs, delays for suppliers, retailers

Global Banking & Finance

Red Sea shipping workarounds add costs, delays for suppliers, retailers By Lisa Baertlein LOS ANGELES (Reuters) -Toymaker Basic Fun’s team that oversees ocean shipments of Tonka trucks and Care Bears for Walmart and other retailers is racing to reroute cargo away from the Suez Canal following militant attacks on vessels in the Red Sea.

Retail 97
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Altimeter's Brad Gerstner, a top tech investor for 15 years, is showing no signs of slowing

CNBC: Investing

Brad Gerstner rose to prominence in the tech scene for his early lucrative bets in Snowflake and Meta Platforms, and he's showing no signs of slowing down.

Investors 106