Tue.Jul 26, 2022

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Comment by Commissioners Peirce and Uyeda on the Financial Accounting Foundation Draft Strategic Plan

Harvard Corporate Governance

Posted by Hester M. Peirce and Mark T. Uyeda, U.S. Securities and Exchange Commission, on Tuesday, July 26, 2022 Editor's Note: Hester M. Peirce and Mark T. Uyeda are Commissioners at the U.S. Securities and Exchange Commission. This post is based on their recent public statement. The views expressed in the post are those of Commissioners Peirce and Uyeda, and do not necessarily reflect those of the Securities and Exchange Commission or the Staff.

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Should US banks be moving to next-generation core banking platforms?

Mckinsey and Company

Banks today urgently need a new core platform, but building one is time-consuming, expensive, and uncertain. It may help to think strategically and pursue a two-track process.

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C-Suite View of Volatility, War, Risks, and Growth for Global Business

Harvard Corporate Governance

Posted by Charles Mitchell, The Conference Board, Inc., on Tuesday, July 26, 2022 Editor's Note: Charles Mitchell is Executive Director of Knowledge Content & Quality at The Conference Board, Inc. This post is based on a Conference Board memorandum by Mr. Mitchell, Rebecca L. Ray , Ataman Ozyildirim , and Dana Peterson. Energy, inflation, cyber risk, and recession are immediate CEO concerns.

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US summer travel 2022

Mckinsey and Company

McKinsey’s recent US travel survey shows that leisure travel is booming, and this summer many people are planning to take their vacations “no matter what”.

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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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DOJ Launches Antitrust Probe of PGA Over Its Response to Saudi-backed 'Rebel' Tourney, WSJ Reports

Mogin Rubin M&A

The Justice Department’s Antitrust Division is investigating the PGA Tour for potentially anticompetitive conduct, the Wall Street Journal was first to report. Specifically, the DOJ is investigating conduct related to the PGA Tour’s suspension of all members who compete on the rival LIV Golf Tour – a new series of eight invitational tournaments largely funded by Saudi Arabia’s Public Investment Fund.

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How green can green growth be?

Mckinsey and Company

The transition to net-zero greenhouse-gas emissions will take trillions of dollars and several decades. Here’s how B2B leaders can extract maximum value from the journey.

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More Trending

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Digital health: An opportunity to advance health equity

Mckinsey and Company

Digital health solutions have the potential to make healthcare more equitable. Here’s how innovators can deliver on that promise.

Equity 120
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Carvana Is Looking More Like Icarus

Auto Dealer Valuation Insights

Lately, Carvana has been in the news for all the wrong reasons. Its share price is down over 90% since its pandemic peak and currently sits below the low levels of March 2020. This post provides an abbreviated history of Carvana from its founding in 2012 to 2022 and discusses what its successes and struggles mean for traditional auto dealerships. The company was founded by Ernie Garcia III in 2012.

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Is app switching interrupting your work?

Avanade

In this new era of hybrid work, learn how to deliver rich employee experiences with collaborative apps – Microsoft’s solution for bringing together all your essential apps in one place.

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US Lawmakers Race To Introduce Bill Aiming To Exempt Small Crypto Transactions From Capital Gains Tax

Benzinga

A bill has been introduced to the U.S. Senate that would make small cryptocurrency transactions exempt from capital gains taxes. What Happened: The Virtual Currency Fairness Act , introduced by Sens. Pat Toomey (R-PA) and Kyrsten Sinema (D-AZ) would establish a de minimis (of little importance) exemption from reporting taxes on purchases made in crypto.

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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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Reimagining education in MENAP

Mckinsey and Company

Stakeholders can consider a range of bold initiatives to transform education and create new opportunities for youth in the Middle East, North Africa, and Pakistan.

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Eutelsat, OneWeb Brace To Unite To Compete SpaceX: Report

Benzinga

Eutelsat Communications SA (OTC: ETCMY ) and OneWeb Ltd braced to combine in an all-share deal. The deal valued the U.K. satellite operator at $3.4 billion, Bloomberg reports. The initiative aimed to create a European champion to rival the likes of Tesla, Inc (NASDAQ: TSLA ) CEO Elon Musk’s SpaceX. The deal offers Eutelsat a “unique position” on the market and has the potential to generate €1.5 billion ($1.53 billion) in increased revenue, investments, and cost synergies,

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Care for the caretakers: Building the global public health workforce

Mckinsey and Company

Public health systems globally can play a pivotal role in addressing workforce shortages across the health ecosystem. Here are four shifts that governments can implement today to prepare for tomorrow.

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First Quarter Losses & Lax Compliance: Two Real-Life Fintech Due Diligence Mistakes to Avoid

N Contracts

Fintech relationships are game changers for financial organizations. These relationships help banks, credit unions, mortgage companies, and other fintechs satisfy consumer demands and keep pace in a rapidly evolving marketplace.

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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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Moonshot: can Eutelsat compete in a space race with Bezos and Musk?

Financial Times M&A

Merger of French satellite operator and money-losing OneWeb shows pressure old order faces from challengers

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The McKinsey Crossword: Jukebox Musicals | No. 86

Mckinsey and Company

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.

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A Lawyer's Guide To Collecting Fees From Nonpaying Clients

Law 360 M&A

You've done the work and sent the bill, but haven't been paid. What do you do? Joshua Wurtzel at Schlam Stone offers recommendations on how lawyers — from solo practitioners to BigLaw partners — can avoid leaving significant receivables on the table from clients who have the ability to pay.

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The law firm vs the crypto billionaire

Financial Times M&A

Plus, SoftBank ends its whirlwind romance with THG and 3M turns to Big Law to tackle its liabilities

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Sarbanes-Oxley At 20: How It Complicates Musk's Twitter Case

Law 360 M&A

Twenty years after the passage of the Sarbanes-Oxley Act, Elon Musk’s impending difficulty proving that Twitter eluded auditor scrutiny and misled the U.S. Securities and Exchange Commission is a perfect case study for how the legislation continues to protect investors from securities fraud today, says James Park at UCLA School of Law.

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Colorado’s new tax – retail delivery fees

Henry Horne

Brand new just this month: Retail Delivery Fees! Effective July 1, 2022, Colorado began imposing a retail delivery fee on all deliveries by motor vehicle to a location in the state with at least one item of tangible personal property that is subject to state sales or use tax. To be clear: this is not … Keep Reading. The post Colorado’s new tax – retail delivery fees appeared first on Henry+Horne.

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These Law Firms Have The Most-Diverse Equity Partnerships

Law 360 M&A

While law firms overall continue to take only modest steps towards achieving their longstanding diversity and inclusion goals, some firms are making significant strides and showing that progress is possible even in the uppermost ranks.

Equity 75
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Why do a sell-side financial due diligence

Henry Horne

There are three main reasons sell-side financial due diligence projects (quality of earnings) are being done. Sellers want to present their Company in the best possible light to increase value. It gives confidence to the Buyer that someone other than the Company and M&A advisor has analyzed the financial data of the Company. Time kills … Keep Reading.

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Musk Says Twitter Is Dragging Feet On Oct. Chancery Trial

Law 360 M&A

Attorneys for Tesla "Technoking" and CEO Elon Musk accused Twitter Inc. on Tuesday of both foot-dragging and rushing in the workup to a planned October trial in Delaware's Chancery Court on Musk's efforts to terminate a $44 billion deal to buy the social media giant.

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THG and SoftBank call off plan for $1.6bn investment in UK group

Financial Times M&A

Share price fall scuppered agreement for Japanese group to buy 19.

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How to find the best co-founder for your startup

Vested

Starting a business is challenging, especially if you’re doing it alone. Being solely responsible for operations, legal, growth, and all business areas is a challenge for anyone.

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How to Navigate a Shifting Funding Market: Tips from a VC

Lighter Capital

As you are aware, the startup funding landscape has been changing over the past several months. Rather than funding growth at any cost, priorities are now rapidly shifting to achieving profitability, conserving cash, and shoring up balance sheets. Austin Guyette, Partner at , Voyager Capital , joined our weekly all-hands to share a VC perspective on the current funding environment for startups.

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Why the Cannabis Industry Needs Internal Audit

Audit Board

Imagine that an exciting, thriving industry — one filled with multi-billion-dollar companies, far-reaching growth potential, and fascinating risks — offered you a wide-open door to build better processes and lay your wisdom at its feet. Imagine being consistently viewed as a trusted advisor, and not a checkbox or roadblock. This opportunity is real: The cannabis industry has gone mainstream, and it needs risk and internal audit professionals.

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How to Navigate a Shifting Funding Market: Tips from a Risk Perspective

Lighter Capital

You’ve seen the staggering inflation rates. You’ve almost certainly been hit by them – at the gas pump, at the supermarket checkout, even in your utility bills. You’re not imagining it; we’re seeing the steepest spike since 1981. But what does this all mean to technology entrepreneurs and business owners like you? How do you make sense of it all – and, more important, distinguish the current economic landscape from prior downturns?

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Mercer Capital’s Team Continues to Grow

Auto Dealer Valuation Insights

Mercer Capital welcomes several new members to our team: Mr. Koby Allen, Mr. Jeff Capwell, Mr. Ben Lomo, Ms. Kate Mabry, Mr. Davis Rolfe, CPA, and Mr. Luke Tanner to our team. Koby, Ben, Kate, Davis, and Luke join us as financial analysts. Jeff joins the team as a Senior Financial Analyst. “Mercer Capital is growing,” said Matt Crow, President. “I’m excited about this group.

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Equifax Strengthens Fraud Prevention Via Midigator Acquisition

Benzinga

Equifax Inc. (NYSE: EFX ) has agreed to acquire Midigator LLC , a provider of post-transaction fraud mitigation solutions. Financial terms were not disclosed. Midigator's automated, data-driven chargeback prevention and chargeback dispute management solutions complement the Equifax Kount Identity Trust Global. Full story available on Benzinga.com.

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When Values Matter: Real Estate Entities & Effective Estate Planning

Merrimack Business Appraisers

The Need for a Business Valuation to Value Fractional Share Business valuations are typically thought of in the event of selling a business, allocating assets as part of a divorce settlement, or settling an estate. What I thoroughly enjoy about what I do is the unique scenarios of how a business valuation can be part […]. The post When Values Matter: Real Estate Entities & Effective Estate Planning appeared first on Merrimack Business Appraisers.

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SomaLogic Acquires DNA Nanotechnology Provider For $35M

Benzinga

SomaLogic Inc (NASDAQ: SLGC ) has agreed to acquire Palamedrix Inc for $14 million in cash and $21 million in SomaLogic common stock. Up to an additional $17.5 million may be paid in connection with achieving certain future revenue-based milestones. The transaction is expected to close in the third quarter of 2022 and is not expected to contribute to SomaLogic 2022.

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UK Opens Probe Into Saint-Gobain's $2.3B Takeover Of GCP

Law 360 M&A

Britain's antitrust authority said Tuesday that it has launched a formal probe into Freshfields-led French construction chemicals company Saint-Gobain's $2.3 billion acquisition of U.S. building materials business GCP Applied Technology.

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Why Plan Sponsors Should Read Their Service Providers’ SOC Reports

Trout CPA

When a plan sponsor hires a service provider, that organization and its professionals become part of the team operating the client’s retirement plan. Each member of the team is expected to perform a specific task according to what is prescribed in the plan document. But how do you know whether each service provider has effective systems and controls in place to ensure that they are executing their roles correctly?

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