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    1. Senate Confirms Gary Gensler as SEC Chairman

      Senate Confirms Gary Gensler as SEC Chairman

      The Senate voted Wednesday to confirm Gary Gensler as chairman of the Securities and Exchange Commission, paving the way for what could be an ambitious financial regulatory agenda under President Joe Biden. The vote was 53-45. Gensler, who began his career as a banker at Goldman Sachs GS, +2.21% , is one of the few Wall Street veterans to win the adoration of the left wing of the Democratic Party after he proved willing to take on the financial services industry as chairman of the Commodity Futures Trading Commission, where he helped craft the Dodd-Frank reform legislation and aggressively implemented ...

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    2. Opinion: Longtime Shareholders Deserve Extra Perks for Their Loyalty

      Opinion: Longtime Shareholders Deserve Extra Perks for Their Loyalty

      All shareholders of Churchill Downs get free season passes to its racetracks; Willamette Valley Vineyards rewards all its shareholders with discounts on its wines. Nice perks, but why not offer special rewards, in cash or votes, to a company’s most loyal shareholders, say those with lengthy and/or concentrated ownership in the stock? Companies and shareholders would gain from drawing in such patient and focused shareholders...

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    3. Sustainable Investing: ESG Investing Now Accounts for One-Third of Total U.S. Assets Under Management

      Sustainable Investing: ESG Investing Now Accounts for One-Third of Total U.S. Assets Under Management

      Money managers who use environmental, social and governance factors in their investment analysis say climate change continues to be their top concern and the leading criteria as they put money to work. The amount of professional money managed using all three ESG criteria rose sharply, according to a group that measures this type of investment, and now represents 33% of the $51.4 trillion in total U.S. assets under professional management...

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    4. Activist Investor Trian Takes Big Stakes in Invesco, Janus Henderson

      Activist Investor Trian Takes Big Stakes in Invesco, Janus Henderson

      Shareholder activist Trian Fund Management LP has taken big stakes in investment firms Invesco Ltd. and Janus Henderson Group PLC and plans to agitate for deal making aimed at building a rival to the biggest asset managers in the world. Trian has accumulated 9.9% stakes in both Invesco IVZ, -1.40% and Janus Henderson JHG, -0.55% , with the two positions totaling roughly $900 million, people familiar with the matter said...

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    5. Gilead Reaches $21 Billion Deal for Immunomedics

      Gilead Reaches $21 Billion Deal for Immunomedics

      Gilead Sciences Inc. will pay $21 billion to buy biotech Immunomedics Inc. and its prized breast-cancer drug, the company said Sunday, a sign of the value of the cancer-drugs business. Immunomedics has a market value of roughly $10 billion following a recent surge in its stock, meaning that Gilead is paying up to secure ownership of the company. Gilead agreed to pay $88 a share in cash for Immunomedics, whose shares closed at $42.25 Friday. That represents a 108% premium...

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    6. L Brands Will See a Boost by taking Victoria’s Secret Private, but Bank of America Wanted a ‘Clean Break’

      L Brands Will See a Boost by taking Victoria’s Secret Private, but Bank of America Wanted a ‘Clean Break’

      Victoria’s Secret has been taken private, which Bank of America says will leave L Brands Inc. on much stronger footing with a stand-alone Bath & Body Works. Calling the beauty chain “one of the best growth stories in retail,” Bank of America analysts led by Lorraine Hutchinson reiterated their buy stock rating for L Brands and the $30 price objective...

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    7. Who Owns Your Company? NMC investors in London are Finding Out the Hard Way

      Who Owns Your Company? NMC investors in London are Finding Out the Hard Way

      The crisis unfolding at NMC Health, the Middle East’s largest hospital operator, has reignited the debate about the governance of overseas companies listing in London. The mystery of NMC’s ownership structure deepened on Monday after founder and co-chairman Bavaguthu Raghuram Shetty quit the board of the FTSE 100-listed company over concerns that he misreported his stake...

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    8. What Does the ‘WeWork effect’ Mean for IPOs in 2020?

      What Does the ‘WeWork effect’ Mean for IPOs in 2020?

      The public crash and burn of WeWork’s initial public offering and poor early performances from high-priced startups that actually managed to go public in 2019 likely won't stop other “decacorns” from testing the IPO market in 2020, but it may change how they do it. Some of the biggest “decacorns” — startups valued at $10 billion or more on the private markets — made it to market in 2019 as expected , but there are still others that waited and watched an uneven performance by their peers...

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      Mentions: IPO PayPal SoftBank
    9. Code Green: Activist Investors are Coming for Environmental Offenders

      Code Green: Activist Investors are Coming for Environmental Offenders

      Christopher Hohn’s activist fund TCI this week warned several companies, including Airbus AIR, -3.54%  , Moody’s MCO, -0.65%   and Charter Communications CHTR, -0.31%  , to improve the carbon footprints or it will vote against their directors, according to a report by the Financial Times...

       

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    10. Square is Dropping an Accounting Metric After the SEC said it’s not Allowed

      Square is Dropping an Accounting Metric After the SEC said it’s not Allowed

      Square Inc. is making a change to its accounting after receiving a comment letter from the Securities and Exchange Commission in a move that has implications for other U.S. companies. The payment company is abandoning its practice of offering an adjusted revenue number, a metric that does not conform with Generally Accepted Accounting Principles, or GAAP, the U.S. standard, and that the Securities and Exchange Commission does not allow, as MarketWatch has reported in the past...

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    11. Bidding War for Just Eat Heats Up

      Bidding War for Just Eat Heats Up

      The bidding war for Just Eat has become increasingly acrimonious after activist investor Cat Rock Capital on Monday launched a scathing attack on Prosus, accusing it of “undermining” the sale of the U.K. online food-delivery company. Prosus, the Dutch-listed vehicle owned by South African tech conglomerate Naspers, last week made a £4.9 billion hostile cash bid for Just Eat JE, +0.40% in an attempt to gatecrash its already agreed merger with Takeaway.com, a Dutch food-delivery company...

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