July, 2024

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Antitrust in focus - April 2024

JD Supra: Mergers

Spotlight on below-threshold merger reviews: doubts over European Commission’s powers while in depth probes launched in Italy - Last month, we reported on the landmark Advocate General (AG) opinion in Illumina/GRAIL. The AG assessed whether the European Commission (EC) has jurisdiction (under its revised “Article 22” referrals policy) to review transactions where neither EU nor national merger control notification thresholds are met.

Mergers 314
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SoftBank acquires UK AI chipmaker Graphcore

TechCrunch: M&A

While the figure of $500 million has been bandied around in various reports for months, in a press briefing early Thursday morning, Graphcore co-founder and CEO Nigel Toon remained coy on the details. © 2024 TechCrunch. All rights reserved. For personal use only.

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Citadel's Ken Griffin buys a stegosaurus for $45 million in a record auction sale

CNBC: Investing

Ken Griffin purchased a late-Jurassic stegosaurus skeleton for $44.6 million at Sotheby's Wednesday, marking the most valuable fossil ever sold at auction.

Sale 144
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Climate Activists in New York Protest Citibank and Other Backers of Big Oil

The New York Times: Banking

Amid soaring temperatures, hundreds of activists are staging boisterous blockades and solemn marches at banks and insurers that support fossil fuel projects.

Insurance 145
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Top 3 Secrets to Staying Relevant with Gen Z

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. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

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Food giants are strangling Britain’s farmers and consumers. What’s the solution? Break them up | Nicholas Shaxson

The Guardian: Mergers & Acquisitions

The UK has a huge problem with monopolies – yet taking conglomerates apart is not as hard as you might think When British farmers protested outside the Houses of Parliament earlier this year, they sent 49 scarecrows , after a survey had found that 49% of UK fruit and vegetable farmers said they expected to go bust within a year. The scarecrows stood in for real farmers, who are mostly too afraid to speak out.

Food 111

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What Is an Involuntary Bankruptcy and How Can Creditors Use This Powerful Tool? - Creditor’s Rights Toolkit

JD Supra: Mergers

In most bankruptcies, the company decides to file for relief. In involuntary bankruptcies, creditors force the company into bankruptcy. Involuntary petitions are an extreme remedy, and therefore the requirements and standards to meet for filing such petitions are strictly construed and applied. If creditors meet the requirements under the Bankruptcy Code for filing an involuntary petition, it can serve as a powerful tool to use against a debtor.

IT 185
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Wiz walks away from Google’s $23B acquisition offer: Read the CEO’s note to employees

TechCrunch: M&A

Cybersecurity startup Wiz has turned down a $23 billion acquisition offer from Alphabet, Google’s parent company, according to a source familiar with discussions. Despite the offer representing a substantial premium over its last private valuation of $12 billion, Wiz’s management team with the support of investors has opted to remain independent, the person said.

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NextEra considers restarting Iowa nuclear plant amid rising demand for carbon-free energy

CNBC: Investing

NextEra CEO John Ketchum said the company is considering restarting the Duane Arnold Energy Center, though a risk assessment is needed.

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Synapse Bankruptcy: When a Fintech Isn’t a Bank and Savings Accounts Are Frozen

The New York Times: Banking

For unsuspecting depositors of online financial start-ups, the unraveling of a little-known intermediary has separated them from their life savings.

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Provide Real Value in Your Applications with Data and Analytics

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 Reporting Disclosures in accordance with the GRI Standards 2023

European Investment Bank

The GRI Standards allow organisations to publicly and transparently report on the impacts of their activities. The EIB Group applies the GRI Standards framework under the Global Reporting Initiative to comprehensively disclose information relevant to its stakeholders. While the framework applies the materiality principle — meaning that information which is deemed material is disclosed — the EIB Group discloses additional information relevant to its stakeholders, which may not necessarily be cons

IT 98
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Improving Data Center Energy Efficiency to Power the AI Revolution

Cisco: M&A

The need to support hyperscale data centers, pervasive cloud services, and AI workloads is changing the data center paradigm. Today’s data centers need to be scalable, energy efficient, and advance sustainability.

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Under Pressure—Rethinking Board Practices - A Jones Day Governance Perspective.

JD Supra: Mergers

The Situation: Boards of directors face increasingly intense workloads, pressure to respond to developments in real time, and exposure to a higher level of legal risk than ever before.

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Duolingo acquires Detroit-based design studio Hobbes

TechCrunch: M&A

Design and animation are core to the Duolingo experience, which makes learning a new language or skill more like a game rather than a task to be dreaded. © 2024 TechCrunch. All rights reserved. For personal use only.

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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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China is doubling down on homegrown tech. Goldman Sachs shares its chip plays

CNBC: Investing

Goldman Sachs analysts pointed out there are notable catalysts for certain semiconductor and artificial intelligence China stock plays.

IT 138
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Apartments Could Be the Next Real Estate Business to Struggle

The New York Times: Banking

Owners of some rental buildings are starting to struggle because of rising interest rates and waning demand in some once booming Sun Belt cities.

Business 142
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Skydance Reaches Deal to Merge With Paramount

The New York Times: Mergers, Acquisitions and Dive

The deal, approved by Paramount’s board, ushers in a new chapter for the company, which owns CBS and the movie studio behind “Top Gun.

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The Right Way To Think About Market Timing When Selling Your Business

Benchmark International

When is the right time to put your company on the market? Many business owners struggle with this question. It's a difficult decision involving many complexities, but it doesn't have to be that complicated. There is one simple rule for any business owner to live by: ALWAYS have your company in the best position to be sale-ready.

Business 111
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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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Federal Trade Commission Unanimously Votes To Block Vertical Mattress Merger

JD Supra: Mergers

After a 5-0 vote, on July 2, 2024, the U.S. Federal Trade Commission sought to block mattress manufacturer (the “Manufacturer”) contemplated $4 billion acquisition of a mattress retailer (“Retailer”) by filing both an administrative complaint and a complaint in the U.S. District Court for the Southern District of Texas, the latter with a request for preliminary relief to enjoin the transaction pending the administrative proceeding.

Trading 185
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Samsung to acquire UK-based knowledge graph startup Oxford Semantic Technologies

TechCrunch: M&A

The Korean tech giant is acquiring Oxford Semantic Technologies, a U.K.-based knowledge graph startup that has built an AI reasoning engine. © 2024 TechCrunch. All rights reserved. For personal use only.

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Ray Dalio makes the case for gold as the precious metal hits new record high

CNBC: Investing

Ray Dalio believes gold deserves a significant portion of one's portfolio, saying the precious metal is still appealing even at record highs.

Portfolio 138
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Archegos Founder Bill Hwang Found Guilty on 10 Charges

The New York Times: Banking

The 2021 collapse of Archegos Capital Management led to some $10 billion in losses for some Wall Street banks. He could spend the rest of his life in prison.

Capital 132
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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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Google’s Plan to Buy Wiz for $23 Billion Falls Apart

The New York Times: Mergers, Acquisitions and Dive

Wiz’s chief executive said the company walked away from a “humbling offer” and would pursue an initial public offering instead.

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Our Shared Responsibility: Africa’s Cybersecurity Imperative

Cisco: M&A

We have a shared responsibility to embed cybersecurity at the core of our digital strategies, and we look forward to the opportunity to enhance cyber resilience in Africa—a continent on the brink of a remarkable digital transformation.

Shares 96
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Navigating Risks in Technology Transactions Involving AI

JD Supra: Mergers

Many companies are considering or currently engaging in acquisitions or investments in startups and established providers of artificial intelligence (“AI”) technology. They see opportunities to leverage AI to build and improve their existing businesses or get into new markets. While AI may present extraordinary opportunities, risks abound.

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Unpacking how Alphabet’s rumored Wiz acquisition could affect VC

TechCrunch: M&A

Alphabet, the parent company of Google, is in advanced talks to acquire cybersecurity startup Wiz for $23 billion, the Wall Street Journal reported on Sunday. TechCrunch’s sources heard similar and added that deal discussions could last into next week. If this deal does end up getting done, it would be Alphabet’s largest acquisition yet.

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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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Friday's analyst calls: Tesla downgraded to sell, JPMorgan likes Netflix into earnings

CNBC: Investing

With the earnings season about to kick into higher gear, analysts are taking hard looks at their models and adjusting ratings. UBS cuts Tesla to sell.

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Fresh inflation data is expected to show continued cooling.

The New York Times: Banking

The Federal Reserve is watching inflation figures as it contemplates when to lower interest rates, and could receive positive news Thursday.

IT 140
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How Beautycounter Fell Apart, Sinking Almost $700 Million With It

The New York Times: Mergers, Acquisitions and Dive

When the private equity firm Carlyle bought Beautycounter, the skin care brand that people sold at kitchen tables, everything changed.