Wed.Sep 18, 2024

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Securities Regulation and Big Business

Harvard Corporate Governance

Posted by James Park (UCLA), on Wednesday, September 18, 2024 Editor's Note: James Park is Professor of Law at UCLA School of Law. This post is based on his recent working paper. Towards the start of the twentieth century, big businesses were primarily created through mergers engineered by Wall Street financiers. The federal government enacted antitrust statutes to check the power of trusts that put numerous competitors under the control of one entity to stifle competition.

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Pre-September 2024 Fed Meeting

Value Scope

By: Thomas Rizzo Vol. 24 No. 9 The Peak of Contractionary Monetary Policy Today represents a shift in monetary policy as the Fed pivots from contractionary to expansionary monetary policy. In this monetary policy cycle, in an attempt to fight inflation, the Fed has raised the benchmark rate 11 times, leaving it unchanged at 5.25% – 5.50% for over a year.

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Litigation Targeting Large Company DEI Programs on the Rise

Harvard Corporate Governance

Posted by Mike Delikat and Ernan Kiselica, Orrick, Herrington & Sutcliffe LLP, on Wednesday, September 18, 2024 Editor's Note: Mike Delikat is a Partner and Ernan Kiselica is an Associate at Orrick, Herrington & Sutcliffe LLP. This post is based on their Orrick memorandum. The Supreme Court’s 2023 decision in Students for Fair Admissions, Inc. v.

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A new tech-driven era of impactful marketing and sales

Mckinsey and Company

Salesforce president and chief marketing officer Ariel Kelman and former Solo Brands chief digital officer Jenna Posner discuss the importance of human-led, tech-powered marketing.

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How to Leverage Intent Data for Better Outcomes

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

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California lawmakers fail to delay compliance deadlines in landmark climate-related disclosure laws

Harvard Corporate Governance

Posted by Loyti Cheng, Michael Comstock and David A. Zilberberg, Davis Polk & Wardwell LLP, on Wednesday, September 18, 2024 Editor's Note: David A. Zilberberg , Loyti Cheng , and Michael Comstock are Counsels at Davis Polk & Wardwell LLP. This post is based on their Davis Polk memorandum. Proposals to delay compliance deadlines in California’s three landmark climate-related disclosure laws failed to pass during the recently concluded legislative session, while a modest set of changes to

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Alaska Airlines Chief Plans More Routes After a Deal With Hawaiian

NYT M&A

The airline’s chief executive, Ben Minicucci, said in an interview that closing its acquisition of Hawaiian Airlines would allow it to expand, including on international routes.

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Organon To Buy Psoriasis Treatment Biz For Up To $1.2B

Law 360 M&A

Women's healthcare-focused company Organon, advised by Covington & Burling LLP, on Wednesday announced it will purchase Freshfields Bruckhaus Deringer LLP-led Dermavant, a subsidiary of Roivant that develops and commercializes therapies in immuno-dermatology.

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Comment on AMCs Violating TILA and C&R Fee Clauses by Mike Ford, AGA™

Appraisers Blog

In reply to Pat Turner. Why would you NOT be able to do so? Federal law protects our right to disclose the fee IN our appraisal report. Federal law also prohibits lenders from telling us HOW or what to write in our reports. Put a separate text page after TOC or in your transmittal if you want.

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EU Drops Microsoft-Inflection Probe After Illumina Ruling

Law 360 M&A

European enforcers said Wednesday they will not review Microsoft's acquisition of key personnel from Inflection AI after member states withdrew their referrals in the wake of a recent high court ruling in the Illumina-Grail merger challenge.

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Sunsetting Tax Provisions and Potential Impacts In Divorce Cases

Gross Mendelsohn

The Tax Cut and Jobs Act (TCJA) of 2017 impacted all U.S. taxpayers due to drastic changes in the tax code. Some of these changes were permanent, while others expire (or “sunset”) after December 31, 2025. This means that unless Congress acts, several provisions will revert to the way they were pre-TCJA as of January 1, 2026. Since it is impossible to predict what Congress will do before the end of 2025, there is a lot of uncertainty and potential for widespread changes.

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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

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Strong Internal Controls and Audits Can Help Safeguard Against Data Breaches

Machen McChesney

The average cost of a data breach has reached $4.88 million, up 10% from last year, according to a recent report. As businesses increasingly rely on technology, cyberattacks are becoming more sophisticated and aggressive, and risks are increasing. What can your organization do to protect its profits and assets from cyber threats?

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Comment on AMCs Violating TILA and C&R Fee Clauses by Mike Ford, AGA™

Appraisers Blog

The damage caused by Appraisal Management Companies violating TILA & the Customary & Reasonable fee clauses goes beyond just financial losses.

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Beyond the balance sheet: North American asset management 2024

Mckinsey and Company

Even with markets in ascent, asset managers’ revenues have flatlined. But the evolution of balance sheets among banks, insurers, and high-net-worth individuals could unlock the next wave of growth.

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Comment on AMCs Violating TILA and C&R Fee Clauses by Pat Turner

Appraisers Blog

The damage caused by Appraisal Management Companies violating TILA & the Customary & Reasonable fee clauses goes beyond just financial losses.

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Mastering Intent Data: Understanding its Importance & Best Practices

Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

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Bank merger crackdown risks missing bigger financial picture

Financial Times M&A

An important task for regulators is to understand how different forms of financial intermediation fit together to benefit customers

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Nvidia Considers $165M OctoAI Acquisition, Aims to Strengthen AI and Cloud Dominance

Benzinga

Nvidia Corp (NASDAQ: NVDA ) is considering acquiring the OctoAI startup for $165 million to boost its software and cloud computing services. According to the Information, which cites shareholders’ messages, the startup sells software designed to enhance the efficiency of artificial intelligence models. OctoAI raised $132 million from investors, including Tiger Global, which was valued at $900 million in 2021.

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Shared accountability and adaptability: Keys to a successful CIO journey

Mckinsey and Company

Costco’s chief information and digital officer details how technology leadership is expanding—as businesses increasingly rely on technology.

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Private equity suitors line up for Bausch + Lomb eyecare auction

Financial Times M&A

Sale process comes after tensions between investors and creditors over plan to split from Bausch Health

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Comment on AI to Counter Flawed Appraiser Bias Narrative by Pat Turner

Appraisers Blog

In reply to Mary T Thompson. That’s why she’s gone. AMCs and their exposure by her Do you think AI might partner up with REVAA like they did with AppraisalPort? Didn’t they sellout the residential folks?

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Crowd Strike Is Cloud Struck

BVR

Take a look back at the CloudStrike IT meltdown.

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Comment on United Appraisers Network Challenges Appraisal Institute by Maria

Appraisers Blog

“Diversity and inclusion would be a central tenet of the UAN’s leadership structure, with a commitment to prioritizing women, minorities, and underrepresented groups in key positions.” We heard this marxist/communist agenda so many times we became immune to it… it is still dangerous (even more)…so why do we celebrate it?

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Asda’s woes deepen after co-owner of UK’s third-largest supermarket steps back

Financial Times M&A

Mohsin Issa will relinquish responsibility amid faltering performance, with former M&S boss Stuart Rose stepping in

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Comment on United Appraisers Network Challenges Appraisal Institute by Midwest Honky

Appraisers Blog

In reply to David Samnick. Why would anybody want to join something that appears to be led by somebody who cannot actually deal with substantive criticism? You say that you’re open to ideas from everyone? Good leadership would have started out and gathered some like-minded people together before broadcasting this and then whining when everybody doesn’t go along with your DEI ideas.

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How batteries will drive the zero-emission truck transition

Mckinsey and Company

Battery electric vehicle technology will be key to reducing road freight emissions and achieving global climate targets.

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Comment on United Appraisers Network Challenges Appraisal Institute by Baggins

Appraisers Blog

In reply to Chase Pursley. The article stated; elected by the members / That’s good, finally appraisers could have a vote. DEI hiring practices. My vote, my opportunity; vanished into thin air.

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How PowerSchool's Latest AI Solutions Could Drive Stock Higher

Benzinga

PowerSchool Holdings, Inc. (NYSE: PWSC ), a leader in cloud-based software for K-12 education, has announced two new AI-driven tools, PowerBuddy for College and Career and PowerBuddy for Custom AI. These tools aim to revolutionize the way students, families, and school districts access and manage information, potentially driving further growth for PWSC stock.

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Comment on United Appraisers Network Challenges Appraisal Institute by JOHN W HAMILTON

Appraisers Blog

I don’t join boys’ clubs. When I have tried I am always disappointed. All I ever see is TAKE OUR COURSES and some other fluff and there is no representation to advance appraiser workflow or appraiser prosperity. Many years ago I took AI 101 course for $550 to work toward an SRA. Instead of one instructor, we had 2. They tag-teamed. All they did was stand in the front of the room and read the book.

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TelevisaUnivision Considers Replacing CEO Wade Davis

NYT M&A

Wade Davis led an acquisition of Univision in 2020, buying out a consortium of private-equity owners.

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Comment on United Appraisers Network Challenges Appraisal Institute by Midwest Honky

Appraisers Blog

Good idea, but can’t be taken seriously for two reasons: 1) relying on a Stars Wars analogy for your mission is childish and unprofessional. 2) This statement- “Diversity and inclusion would be a central tenet of the UAN’s leadership structure, with a commitment to prioritizing women, minorities, and underrepresented groups in key positions. ” So…if I’m not the right color or gender I don’t get prioritized, for leadership or otherwise, no matter the merits of my experience or knowledge?

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When the money runs out: K–12 schools brace for stimulus-free budgets

Mckinsey and Company

As pandemic-related government funding ends, some school districts face tough choices. In our latest survey, K–12 leaders express concerns about budget pressures and their impact on students.

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Comment on United Appraisers Network Challenges Appraisal Institute by Baggins

Appraisers Blog

In reply to Jenn. [link] Bait; meet the hook. They went for it. On the bright side they did a much better job at forming something simple and straight forward then other orgs. Is the only choice here the lessor of two evils? Bearing false witness brings real harm to real people. I will now embark on a long journey around the world to the most remote places imaginable, inhospitable to life itself.

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Grant Thornton US among shortlist of bidders for UK franchise

Financial Times M&A

Buyout firms EQT and Permira are also in the running for the mid-tier accountancy firm

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Comment on United Appraisers Network Challenges Appraisal Institute by Highly Professional Appraiser

Appraisers Blog

In reply to JK. Sorry you have trouble understanding the Internet. This is a blog site where most of us try to remain anonymous lest some liberal like the OP try to dox us and cause issues. It’s called sarcasm, it’s not my professional resume. Now, do you have any substantive facts to bring up or, like most with weak arguments are you just whining because someone proved you wrong?

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PJT Partners expands with deal for Dubai-based boutique

Financial Times M&A

Paul Taubman advisory firm to buy former Morgan Stanley banker May Nasrallah’s deNovo Partners

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