Tue.May 16, 2023

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The Meme Stock Frenzy: Origins and Implications

Harvard Corporate Governance

Posted by Dhruv Aggarwal (Yale University), Albert H. Choi (University of Michigan), Alex Lee (Northwestern University), on Tuesday, May 16, 2023 Editor's Note: Dhruv Aggarwal is a Ph.D. Candidate at Yale University, Albert H. Choi is Paul G. Kauper Professor of Law at the University of Michigan, and Alex Lee is Professor of Law at Northwestern Pritzker School of Law.

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Influencing the Future of Valuation: The Importance of Global Collaboration in Standard Setting

IVSC

Alistair Darling Chair of the IVSC Board of Trustees Alistair Darling was appointed Chair of the IVSC Board of Trustees during the Singapore AGM in October 2019. Alistair was previously UK Chancellor of the Exchequer from 2007 to 2010. Prior to this, he held a number of Cabinet positions, being one of only three people to have served in Cabinet continuously since Labour was elected to government in the UK in 1997.

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The 2023 Say on Pay Season – Potential Outcomes and Considerations

Harvard Corporate Governance

Posted by Linda Pappas, Jose Lawani, and Perla Cuevas, Pay Governance LLP, on Tuesday, May 16, 2023 Editor's Note: Linda Pappas is Principal, and Jose Lawani and Perla Cuevas are Consultants at Pay Governance LLC. This post is based on their Pay Governance memorandum. The 2023 Say on Pay (SOP) season has a unique hallmark unlike previous SOP years: most companies within the S&P 500 have experienced significant decreases in total shareholder return (TSR) in the most recent performance year (2

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AMD Stock Is Gaining Tuesday: Here's Why

Benzinga

Advanced Micro Devices, Inc (NASDAQ: AMD ) shares are trading higher Tuesday following Daniel Loeb's hedge fund Third Point disclosed new stakes in AMD. As per the filing, the fund bought 1 million AMD shares at roughly $98, valuing the stake at $98 million. It forms 1.6% of the total fund. Also, Bernstein's comments that PC shipments appear to be normalizing at pre-COVID levels are adding to the gains.

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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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Defining your Employee Benefits Strategy | Meaden & Moore

Meade & Moore

The pandemic has had a lasting impact both on our economy and on our work environment. When rising inflation, product shortages, and a stricter regulatory environment are combined with new expectations in the job market, employers must be willing to embrace change. Unfortunately, change can be expensive, especially when it comes to benefits. To meet expectations in the job market and to keep existing employees happy, employers should maximize spending on benefits while still keeping overall cost

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EU's Microsoft-Activision OK Raises Question: Fix Or Fight?

Law 360 M&A

European Union antitrust officials' clearance on Monday of Microsoft Corp.'s planned $68.7 billion takeover of Activision Blizzard Inc. only marginally boosted prospects for a deal still under challenge in the United States and facing a U.K. block, but it does highlight important differences between the three enforcers.

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Land: A crucial resource for the energy transition

Mckinsey and Company

To achieve its decarbonization targets, the European Union will need to expand renewable-energy capacity. Identifying and allocating sufficient land will be foundational to the effort.

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Comment on The New & Improved Fannie Mae “FRAUDULATOR 2.0” by Kimberly DeFilppis

Appraisers Blog

In reply to Retired Appraiser. The ones who stay in this profession are the ones who are righteously defending our profession. We are the ones who believe in truth. We are the ones who protect the public trust. America is being attacked from within on so many different levels and we are defending the financial freedoms of its citizenry. And we’re stubborn.

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Responding to productivity improvement challenges in pulp and paper

Mckinsey and Company

The PaperLens Index shows that global pulp and paper productivity has declined by 1.6 percent per year over the past six years. Addressing this challenge requires actions beyond new production lines.

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Comment on The Scam of Racial Discrimination by Appraisers by Mike Ford, AGA™

Appraisers Blog

[link] Promoted (and incorporated in) my local MLS. Im not interested in another software huckster’s questionable products so I’m not going to book a trial. The static example looks like one location criterion is the ‘economic ability of residents. I’m curious about what other prohibited consideration demographic data these MLS data providers think comprise 48% of value.

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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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Zefiro Methane Corp. Acquires Plants & Goodwin – Setting the Stage for Plugging Orphaned and Abandoned Oil & Gas Wells Across the US

Business Wire M&A

FORT LAUDERDALE, Fla. & BRADFORD, Pa.--(BUSINESS WIRE)--Zefiro Methane Corp. (ZMC), which seeks to reduce methane emissions by plugging orphaned and abandoned oil and gas wells, while originating methane emission offsets, announced today it has acquired a majority ownership stake in Plants & Goodwin, (“P&G”), a leading Pennsylvania-based provider of services to plug orphaned oil and gas wells over the past 50-plus years.

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Comment on We Need a Lobbyist by Mike Ford, AGA™

Appraisers Blog

In reply to Spencer Pauls. Valid point Spencer. The webpage is obsolete. No argument. We’re ok with the truth, even when it makes us appear negative. (Our web host was contacted hours ago. It will be addressed asap. Please note that AB has already changed our ad to the left as well. Apparently, some readers were unaware that AGA is actually a union.

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Vice Media Told To Talk Out Ch. 11 Loan Objections

Law 360 M&A

A New York bankruptcy judge told Vice Media Group on Tuesday that it must try to resolve objections from the U.S. Trustee's Office to its proposed $60 million debtor-in-possession financing package before it can take out the money to fund its Chapter 11 case.

Finance 75
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10Pearls Expands Advanced Emerging Technology Capabilities with Acquisition of Oiga Technologies in LATAM

Business Wire M&A

WASHINGTON--(BUSINESS WIRE)--10Pearls, a leading digital transformation company, has acquired Oiga Technologies, a high-tech product development company based in Colombia specializing in artificial intelligence, machine learning, big data, and blockchain. This strategic alignment strengthens 10Pearls' capabilities in emerging technologies and product development, providing its clients with innovative solutions across industry verticals.

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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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Court Rejects Warner's Bid To Shift Fees In Motor Trend Suit

Law 360 M&A

Saying it was a close call, Delaware's chancellor on Tuesday rejected an attempt by Warner Bros. Discovery Inc. to shift about $1.5 million in legal fees to the minority owner of Motor Trend Group after Warner previously beat most allegations of bad faith conduct in a dispute over a joint venture appraisal.

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Comment on The New & Improved Fannie Mae “FRAUDULATOR 2.0” by Mike Ford, AGA™

Appraisers Blog

In reply to Bill Billson. Claiming exemption from USPAP is not actually the same as BEING exempt. Since FNMA doesn’t conform to their own published standards (or any other recognized standards), I contend they do not meet the requirements under FIRREA for exemption. Facilitating fraud against a federally insured bank is not an accepted standard anywhere, outside of FNMA.

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Chancery Won't Speed Or Stay Activision-Microsoft Deal Suit

Law 360 M&A

A shareholder's Delaware Chancery Court lawsuit over Microsoft's proposed $68.7 billion takeover of Activision Blizzard Inc. will move forward at a normal pace, the court's chancellor said Tuesday, denying both the Activision investor's request to fast-track the litigation and the video game company's motion to put it on hold.

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Latch to Acquire Ring Founder Jamie Siminoff’s Latest Company, Honest Day’s Work

Business Wire M&A

NEW YORK & LOS ANGELES--(BUSINESS WIRE)--Latch, Inc. announced it has entered into a definitive agreement to acquire Honest Day’s Work, Ring founder Jamie Siminoff’s latest company.

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Comment on The New & Improved Fannie Mae “FRAUDULATOR 2.0” by Mike Ford, AGA™

Appraisers Blog

In reply to Seneca. If they filed with the state board you should have heard the details of the complaint already. Are you referring to a complaint they made to the bank where the bank is supposed to reach out to you for a rebuttal? OR was it a state complaint that already hit the board and you responded and are waiting for the state’s decision on the complaint?

Banking 76
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How to beat the cash flow squeeze

JPAbusiness

Invariably, most businesses will go through a period of cash flow difficulty. It could be because of the business growing too fast , with expenses to assist in servicing the growth outweighing income and returns. Or it might be because of a downturn in the business sales and/or as a result of other external events interrupting the normal flow of business performance (e.g.

Finance 64
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Comment on AMC Hires a Convicted Felon as Property Data Collector by Mike Ford, AGA™

Appraisers Blog

In reply to Andrew T Picarsic. The VA had no problem finding his prior conviction.

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Start-up funding in logistics: Adjusting to a new reality

Mckinsey and Company

Funding for logistics start-ups tightened in 2022. Where are investors focusing their interest now?

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Comment on The New & Improved Fannie Mae “FRAUDULATOR 2.0” by Brian Jarrard

Appraisers Blog

Truth bombs ALL OVER this article Former FNMA Subject Matter Expert 2

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UK watchdog denies it blocked Microsoft deal on orders of US regulator

The Guardian M&A

Head of Competition and Markets Authority tells MPs decision not to allow acquisition of Activision Blizzard based on ‘own analysis’ The UK’s competition watchdog has denied acting on the orders of the Federal Trade Commission in the US, as it defended its decision last month to block Microsoft’s $69bn (£55bn) acquisition of the Call of Duty creator Activision Blizzard.

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Call for Nominations for the ISA Board of Directors

ISA

5/16/2023 12:00:00 AM Here is your opportunity to lead, inspire others, and work for the good of your profession and the benefit of the membership. Call for Nominations for the ISA Board of Directors – Apply by June 16 We are accepting applications from members wishing to be considered for the two vacancies on the 2023 ISA Board of Directors. Our members look to the Board to do their utmost to encourage enhanced opportunities for the membership, such as quality educational programming and

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Arkema Acquires Polytec PT, a German Company Specialized in Adhesives for Batteries and Electronics Applications

Business Wire M&A

COLOMBES, France--(BUSINESS WIRE)--Regulatory News: With the planned acquisition of Polytec PT, Arkema (Paris:AKE) will strengthen Bostik’s product offer to serve the fast-growing batteries and electronics markets. This bolt-on acquisition is part of the Group’s strategy to become a full system provider and support its customers to develop sustainable solutions for the batteries and electronics markets.

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Book Review: The Psychology of Money

Auto Dealer Valuation Insights

Investing, personal finance, and business decisions are typically taught as a math-based field, where data and spreadsheets dictate your family business’ next move. But as Morgan Housel teaches us in his book The Psychology of Money, there is theory, and then there is reality. As my colleague Atticus Frank writes in a previous post, most financial literature focuses on one of three areas: Housel.

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UBS filed an amended Form F-4 registration statement with the SEC, including pro forma financial information

Business Wire M&A

ZURICH--(BUSINESS WIRE)--Regulatory News: Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules In connection with the planned acquisition of Credit Suisse, UBS Group AG (NYSE:UBS) (SWX:UBSN) has filed a registration statement on Form F-4 with the US Securities and Exchange Commission (SEC) covering the UBS Group AG shares to be issued to Credit Suisse Group AG shareholders in the acquisition.

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Maravai LifeSciences Shares Fall After Rejecting Potential Takeover By Private Equity

Benzinga

Maravai LifeSciences Holdings Inc (NASDAQ: MRVI ) reportedly attracted takeover interest from Thomas H. Lee Partners with a non-binding offer, though the offer price could not be learned. Maravai is a U.S. provider of capping reagents for COVID-19 vaccines. Maravai rejected the offer, and there is no certainty a new bid will follow or any deal will be reached, Reuters reported , citing sources.

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Section 1071 Data Collection: What Is “Reasonably Designed?” | Ncontracts

N Contracts

Before Section 1071 small business data collection begins, small business lenders need to draft procedures for collecting the data. Recognizing that different lenders do things differently, the Consumer Financial Protection Bureau (CFPB) gives small business lenders the flexibility to collect applicant-provided data in a time and manner “reasonably designed” to get a response.

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UK's CMA On The European Commission Approval Of Microsoft And Activision Deal: 'We Stand By Our Decision'

Benzinga

The U.K. Competition & Markets Authority (CMA) issued a strong response to the European Commission 's approval of the $68.7 billion proposed merger between Microsoft Corp. (NASDAQ: MSFT ) and Activision Blizzard Inc. (NASDAQ: ATVI ). In a statement released on Twitter, the CMA emphasized the need for cloud gaming to remain an open and competitive market, as well as remaining steadfast on its decision to block the deal.

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Monument Re neemt portfolio over van Integrale Lux S.A.

Business Wire M&A

HAMILTON, Bermuda--(BUSINESS WIRE)--Monument Re heeft vandaag aangekondigd dat haar Luxemburgse dochteronderneming Monument Assurance Luxembourg S.A. ('MAL') een overeenkomst heeft bereikt met Integrale Luxembourg voor de overname van haar closed-book portfolio van langlopende levensverzekeringen. De portfolio bedient voornamelijk de Luxemburgse, Nederlandse en Franse markt en is strategisch afgestemd op het bestaande bedrijfsmodel van MAL.

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Why Are WiSA Shares Trading Lower Today?

Benzinga

WiSA Technologies, Inc (NASDAQ: WISA ) shares are trading lower Tuesday since it reported its quarterly topline miss. On Monday, WISA reported first-quarter revenue of $0.5 million, down from $0.6 million a year ago vs. the consensus of $0.8 million. EPS loss of $(0.53) beat the consensus loss of $(3.36). The Q1 gross margin loss of (267)%, compared to 11% a year ago, was mainly attributable to a.

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Cummins Filtration Unit Atmus Launches Plans For $275M IPO

Law 360 M&A

Cummins Inc.'s engine filtration unit Atmus on Tuesday set a price range for an estimated $275 million initial public offering, part of its plans to spin off into a stand-alone company, represented by Baker & McKenzie LLP and underwriters' counsel Simpson Thacher & Bartlett LLP.

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