Thu.Jan 05, 2023

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2022 U.S. CEO Outlook

Harvard Corporate Governance

Posted by John Rodi, KPMG LLP, on Thursday, January 5, 2023 Editor's Note: John Rodi is the leader of the KPMG Board Leadership Center (BLC). This post is based on his KPMG memorandum. Overview. On the heels of the pandemic, CEOs are now facing another turbulent period. Our latest CEO Outlook is being released amid a business environment marred by high inflation, geopolitical tensions and fears of a recession.

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Digital transformations: The five talent factors that matter most

Mckinsey and Company

Setting up a winning digital and advanced-analytics organization is hard. Decisions about talent and technology will often determine the transformation’s success.

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2022 U.S. Shareholder Activism and Activist Settlement Agreements

Harvard Corporate Governance

Posted by Melissa Sawyer, Lauren Boehmke and Susan Lindsay, Sullivan & Cromwell LLP, on Thursday, January 5, 2023 Editor's Note: Melissa Sawyer , Lauren Boehmke are partners and Susan M. Lindsay is counsel at Sullivan & Cromwell LLP. This post is based on a Sullivan & Cromwell memorandum by Ms. Sawyer, Ms. Boehmke, Ms. Lindsay, Rodge Cohen , and Marc Treviño.

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World Wrestling Entertainment Reviews Potential Sale, Return Of Former Chief Vince McMahon; Stock Soars

Benzinga

World Wrestling Entertainment, Inc (NYSE: WWE ) shares are gaining in the after-hours session on the news report that the company could be exploring a potential sale. The Wall Street Journal reported that former chief Vince McMahon, who retired after allegations of sexual misconduct, plans to return to the company. In July 2022, McMahon, the renowned promoter, who helped establish the careers of top stars such as Dwayne "The Rock" Johnson and John Cena , confirmed that he would officia

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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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IRS Announces 2023 Standard Mileage Rates and Vehicle Value Limitations

ThomsonReuters

IRS Notice 2023-03 (Dec. 29, 2022); IRS News Release IR-2022-234 (Dec. 29, 2022). Notice. News Release. The IRS has announced the optional 2023 standard mileage rates for business, medical, and other uses of an automobile, and the 2023 vehicle values that limit the application of certain rules for valuing an automobile’s use. For 2023, the business standard mileage rate is 65.5 cents per mile (a 3-cent increase from the 62.5-cent rate that applied during the second half of 2022—see our Checkpoin

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Employee Engagement in 2023: 6 Ways to Keep Employees Engaged

Rhythm Systems

Financial rewards are just the beginning of what keeps employees active in their job role. Another, more overlooked factor, is job satisfaction. Just like you want to be a part of the company and commit to the success of it, so too do the workers. But, you are also the main character in the story who can either band these individuals together or break them apart through engagement or lack thereof.

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Two Proven Growth Strategies for Business Owners

Biz Equity

If growth is a 2023 goal for your business owner clients, you can enhance the value you bring to those important relationships by helping them understand and implement different strategies for increasing their company’s valuation.

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Over $400M Robinhood Stock Linked To Sam Bankman-Fried, Dell Eyes Reducing Dependence On China, Walgreens Swings To Quarterly Loss: Top Stories Today

Benzinga

Benzinga. $465M Of Robinhood Stock Linked To Sam Bankman-Fried To Be Seized By Justice Department. The U.S. Department of Justice is working to seize $465 million worth of Robinhood Markets Inc (NASDAQ: HOOD ) shares associated with Sam Bankman-Fried , the founder of the collapsed FTX cryptocurrency exchange. The prosecutors are not considering the 56 million Robinhood shares to be a part of the bankruptcy estate, U.S.

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Year-End Appropriations Legislation Contains Group Health Plan Provisions

ThomsonReuters

Consolidated Appropriations Act, 2023, Pub. L. No. 117-328 (Dec. 29, 2022). Available at [link]. Congress has passed, and the President has signed, the Consolidated Appropriations Act, 2023 (CAA, 2023), containing provisions that impact both retirement and group health plan sponsors and advisors. Here are highlights of the provisions affecting group health plans: Telehealth/HDHPs.

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AAP Acquires Controlling Interest In Vertically Integrated Cannabis Business In The Arts District Of Downtown LA

Benzinga

AAP, Inc. (OTCPK:AAPJ) has acquired a controlling interest in the Buddha Company. It is a 22,000 square foot cannabis business, located in the Arts District of Downtown Los Angeles. The company has licenses that allow for all commercial cannabis activities at one location that include: cultivation, manufacturing, retail delivery, retail storefront, and B2B distribution.

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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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Real-world data quality: What are the opportunities and challenges?

Mckinsey and Company

Growth in the availability and variety of real-world data, including nonhealth sources of data, opens up new opportunities, as well as challenges, in their application to real-world evidence and improving health outcomes.

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Why Western Digital Stock Is Rising Today

Benzinga

Western Digital Corp (NASDAQ: WDC ) shares are trading higher Thursday following reports suggesting the company and Kioxia have revived merger talks. What To Know: According to a Bloomberg report , Western Digital restarted talks with Kioxia about combining into one publicly traded company. The discussions began near the end of last year. Full story available on Benzinga.com.

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The Standard Business Mileage Rate Is Going Up in 2023

Machen McChesney

Although the national gas price is a bit lower than it was a year ago, the optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will increase in 2023. The IRS recently announced that the 2023 cents-per-mile rate for the business use of a car, van, pickup, or panel truck is 65.5 cents. These rates apply to electric and hybrid-electric automobiles, as well as gasoline and diesel-powered vehicles.

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SpartanNash Ramps Up Supply Chain Network Via Great Lakes Foods Acquisition

Benzinga

Food Distributor SpartanNash (NASDAQ: SPTN ) has acquired Great Lakes Foods , an independent grocery wholesaler, for an undisclosed sum. The company will also acquire Great Lakes' 300,000-square-foot distribution center in Menominee, Michigan. The warehouse serves approximately 100 independent grocery customers across the Midwest and employs 125 Associates.

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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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Delaware Chancery Court Denies Dismissal of Challenge to SPAC Merger Disclosures

National Law Review M&A

Jonathan E Richman Jurisdiction: Delaware Type of Law: Mergers & Acquisitions Corporate & Business Organizations Litigation / Trial Practice

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Shared mobility: Sustainable cities, shared destinies

Mckinsey and Company

By 2030, shared mobility could generate up to $1 trillion in consumer spending. New research reveals the trends and data to know.

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Top Groups Lobbying The FCC

Law 360 M&A

Dozens of groups lobbied the Federal Communications Commission in December on issues ranging from broadband map accuracy, the FCC's program to "rip and replace" Chinese-made network equipment, the next-generation TV transition, satellite competition, internet security and rural health care.

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First Abu Dhabi Bank backs away from Standard Chartered bid

Financial Times M&A

Shares in UK-based emerging market lender spiked 20 per cent on reports of a takeover

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Kirkland-Led WWE Founder Reenters The Ring To Review Biz

Law 360 M&A

Embattled World Wrestling Entertainment founder Vince McMahon, advised by Kirkland & Ellis, is coming off the ropes to assume the role of executive chairman of the organization's board and potentially explore a sale of the business, after stepping away from his leadership role last summer amid allegations of misconduct.

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Is the regulatory opening up of China a catalyst for Tencent’s share price growth?

Valutico

Tencent Holdings Ltd. Weekly Valuation – Valutico | 5 January 2023. Link to valuation. About Tencent Holding. Tencent is a multinational technology company specializing in online advertising, entertainment, and artificial intelligence. Tencent’s product portfolio includes messenger services such as WeChat and QQ, but also famous video games like PUBG, and League of Legends.

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Deals Rumor Mill: SpaceX, Fanatics, Tokyo Gas

Law 360 M&A

Elon Musk's SpaceX looks to raise $750 million in fresh funding at $137 billion valuation, Fanatics is divesting its 60% stake in NFT company Candy Digital, and a unit of Tokyo Gas Co. wants to buy U.S. natural gas producer Rockcliff Energy. Here, Law360 breaks down these and other deal rumors from the past week that you need to be aware of.

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What A 1099 Accountant Can Do For You

Redpath

With the new year comes tax season. It’s time to pull together all the year-end data and documents needed to file your business tax returns. Part of that process involves sending 1099s to certain vendors you paid for services during 2022—independent contractors, but also other non-employee individuals and unincorporated entities. Compiling 1099s can be confusing, you don’t have much time, and there are expensive penalties if you do it wrong.

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Is the regulatory opening up of China a catalyst for Tencent’s share price growth?

Valutico

Tencent Holdings Ltd. Weekly Valuation – Valutico | 5 January 2023. Link to valuation. About Tencent Holding. Tencent is a multinational technology company specializing in online advertising, entertainment, and artificial intelligence. Tencent’s product portfolio includes messenger services such as WeChat and QQ, but also famous video games like PUBG, and League of Legends.

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Health care and cybersecurity insurance: The importance of understanding your organization’s coverage

LaPorte

(authored by RSM US LLP) Cyber insurance could be a way to protect health care organizations from costly threats, but there's much to consider about this coverage. The post Health care and cybersecurity insurance: The importance of understanding your organization’s coverage first appeared on LaPorte.

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Could this be the year to sell or gift your business?

Merrimack Business Appraisers

We turn the calendar and we face the unknown. For some, it is a time of excitement and anticipation while for others, a source of uncertainty and foreboding. What will the New Year bring for you and your business? More importantly, are you taking charge to make 2023 your year? If selling your business is […]. The post Could this be the year to sell or gift your business?

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Mercer Capital Attending the 2023 Heckerling Institute on Estate Planning

Auto Dealer Valuation Insights

Atticus L. Frank, CFA, ABV, and Andrew Frew, ASA, ABV will be attending the 2023 Heckerling Institute on Estate Planning in Orlando, Florida during the week of January 9 – 13, 2023. The Heckerling Institute on Estate Planning is the nation’s premier conference for estate planning professionals, offering unparalleled educational and professional development opportunities for all members of the.

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Western Digital, Japan's Kioxia Holdings Resume Merger Talks: Report

Benzinga

Western Digital Corp (NASDAQ: WDC ) resumed talks with Japan's Kioxia Holdings Corp in a deal that could unite two technology storage providers. The parties discussed merging into one publicly traded company, Bloomberg reports. Also Read: Why Is This Analyst Bearish On. Full story available on Benzinga.com.

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DAC Beachcroft Guides GRP On Regional Broker Purchase

Law 360 M&A

Insurance acquisition vehicle Global Risk Partners said on Thursday that it has bought a regional English commercial broker in a deal steered by DAC Beachcroft LLP and JMW Solicitors LLP.

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Five Ways to Evaluate Cryptocurrency before You Purchase It

Financial Analyst Insider

The cryptocurrency market attracts the interest not only of seasoned investors but also of regular consumers who have no prior expertise when it comes time. The post Five Ways to Evaluate Cryptocurrency before You Purchase It appeared first on Financial Analyst Insider.

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Is the regulatory opening up of China a catalyst for Tencent’s share price growth?

Valutico

Tencent Holdings Ltd. Weekly Valuation – Valutico | 5 January 2023. Link to valuation. About Tencent Holding. Tencent is a multinational technology company specializing in online advertising, entertainment, and artificial intelligence. Tencent’s product portfolio includes messenger services such as WeChat and QQ, but also famous video games like PUBG, and League of Legends.

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Quantive Advises Brandon Green Management Group on Sale

Quantive

Quantive is pleased to announce that we recently advised Brandon Green Management Group, LLC (BCMG) on its sale to EM Key Solutions (EMKS). “We are excited to welcome BGMG – its employees and clients – to the EM Key Solutions team,” said Mike Snyder, EMKS CEO.

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Can Our Health FSA Reimburse Vitamins?

ThomsonReuters

QUESTION: Several participants in our company’s health FSA have asked whether vitamins qualify for reimbursement. What should I tell them? ANSWER: Unless your plan imposes additional limits, the answer depends on whether the vitamins are being taken for general health or for a specific medical condition. Health FSAs can only reimburse expenses that are for “medical care” as defined in Code § 213(d).

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Federal Trade Commission Proposes to Invalidate Non-Compete Agreements

National Law Review M&A

Barry P. Kaltenbach Richard W. Warren Robert T.

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SECURE 2.0 Act Provisions Enacted as Part of Year-End Appropriations Legislation

ThomsonReuters

Consolidated Appropriations Act, 2023, Pub. L. No. 117-328 (Dec. 29, 2022). Available at [link]. Congress has passed, and the President has signed, the Consolidated Appropriations Act, 2023 (CAA, 2023), containing provisions that affect both retirement and group health plans. Retirement plan provisions are set forth in a portion of CAA, 2023 known as the SECURE 2.0 Act of 2022 (SECURE 2.0), as some elements build on provisions in the original Setting Every Community Up for Retirement Enhancemen