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DAI Closes HCA Hospice, Home Health Transaction
Deaconess Associations Incorporated (DAI) has closed its acquisition of 31 home health and hospice agencies from HCA Healthcare (NYSE: HCA).
Starbucks Explores Majority Stake Sale in Japan Business at Potential $3 Billion Valuation
Starbucks (NASDAQ:SBUX) is considering selling a majority stake in its Japanese operations in a transaction that could value the business at approximately $3 billion, according to two people familiar with the matter. The company has invited several financial advisers to present options for the business and is open to relinquishing majority ownership, the sources told Reuters.
Kroenke Sports & Entertainment announces agreement to buy Angels
Kroenke Sports & Entertainment announced Tuesday that it has entered into an agreement to acquire a controlling interest in the Los Angeles Angels. In a news release issued Tuesday, the ownership group said the deal with the Moreno family is expected to close early next year. The transaction would require approval from Major League Baseball. The Kroenke-affiliated group also owns…
Packers Claim 102-Tackle Rookie Off Waivers From Vikings
The Green Bay Packers claimed defensive lineman Arden Walker off waivers from the Minnesota Vikings according to the NFL transaction wire. The post Packers Claim 102-Tackle Rookie Off Waivers From Vikings appeared first on HEAVY.
Bratvold joins Colliers' Des Moines office
Real estate brokerage and investment firm Colliers has announced that Tim Bratvold has joined their Des Moines office as associate vice president, focusing on the multi-family sector. He will work closely with Collier’s Minneapolis-St. Paul multi-family team, which closed more than $1 billion in multifamily transactions over the past two years. Before joining Colliers, Bratvold…
Messi to buy second Spanish lower league club
Argentina icon Lionel Messi has agreed to take over Spanish club Eldense, the second division side confirmed on Thursday."CD Eldense can confirm that Lionel Messi has reached an agreement in principle with the club's current owners to acquire the shares currently held by Grupo TH Soluciones, which would make him the majority shareholder of CD Eldense," they told AFP. "At this time, the transaction is pending completion of the final legal and contractual procedures, including the due diligence pr
Sorbent to acquire Kenvue's Stayfree and Carefree business in Australia and New Zealand
Sorbent Paper Company Pty Ltd ("Sorbent") has signed an agreement with Kenvue's Singaporean subsidiary to acquire its Stayfree and Carefree feminine care business in Australia and New Zealand. Following completion of the transaction, the business in New Zealand will be managed by Sorbent's affiliate, Cottonsoft.
Meta (META)’s Stilla.ai Deal Could Turn Business Agent Into a New Monetization Engine
Meta Platforms, Inc. (NASDAQ:META) is taking another step toward monetizing artificial intelligence beyond its core advertising business. On September 9, the company acquired AI startup Stilla.ai. The acquisition will strengthen the company’s agentic AI capabilities as it moves to capitalize on growing demand for AI agents that can handle business transactions. Plans are underway to […]
Pioneer of China NewCo model sued in US over trade secret misuse, double-dealing
A legal feud unfolding in New York is putting a spotlight on the work of a business development veteran who is credited for pioneering one of biopharma’s hottest dealmaking mechanism: the China “NewCo” model. In a lawsuit originally filed in New York state court and recently moved to federal court, China’s Lepu Medical Technology has alleged that biopharma business development consultant Su Zhang, who was hired to help shop its GLP-1 weight-loss candidates to Western partners, engaged in corporate double-dealing and trade secret leaks. According to the complaint, while acting as Lepu’s primary dealmaking liaison for a group of obesity and metabolic disease drug candidates, Zhang was secretly double-dipping as the acting chief business officer for a direct competitor, BrightGene Pharmaceutical. “She never adequately disclosed the role, never sought Lepu’s consent, and never proposed any safeguard,” Lepu alleged in its complaint, which was filed in July after Zhang’s consulting firm, CoDevCo, sought certain transaction-based success fees from its angry customer through an arbitration process in Singapore. Lepu, the parent company of Lepu Biopharma, has asked Zhang to pay back its $500,000 retainer and disgorge all benefits she received during the alleged breaches of fiduciary duty, plus other damages and relief. The company has also requested the court grant injunctions to protect Lepu’s trade secrets. The ill-fated partnership officially kicked off in December 2024, when Lepu tapped CoDevCo as its “exclusive business development mechanism” to identify collaborators for the company’s drug candidates. According to Lepu’s complaint, Zhang personally negotiated and signed the agreement as managing director for CoDevCo, which used her home address. Before the Lepu deal, Zhang made a name following a short stint as the global head of business development for Hengrui Pharmaceuticals. It was during her tenure that Hengrui signed a landmark deal granting exclusive rights for a portfolio of GLP-1 assets to Hercules, which was at that time newly established by a group of private equity and venture capital firms. In addition to the regular upfront and milestone payments, Hengrui also gained an equity stake in Hercules, which later became Kailera Therapeutics. The Hengrui-Hercules deal opened a new paradigm, where a Chinese biopharma company spins off certain early-stage assets to investors for further development through the creation of a new company abroad. The “NewCo” model quickly came into vogue as it allows Western investors to access high-potential assets originating from China at an early stage while giving the Chinese licensors an opportunity to reap long-term benefits through equity stakes in the new firms. The NewCo model proved its value when Kailera staged a record-breaking $625 million IPO on Nasdaq this April, merely two years into the Hengrui deal. Related Kailera CEO 'knew we were in a good spot' before obesity biotech's record-breaking $625M IPO On her LinkedIn page, Zhang described her work at Hengrui as “[b]uilding team and capability from the ground up,” forming NewCo and major pharma partnerships worth billions of dollars. Lepu clearly wanted that kind of track record to help boost its own cardiometabolic portfolio, which includes a range of assets for obesity, Type 2 diabetes, fatty liver disease and muscle preservation during weight loss treatment. “Lepu’s pipeline is very valuable, but only if Lepu could secure the right international partner to expand into the overseas market during the available commercial window,” the company argued in its complaint. The Chinese biotech said it had little knowledge of U.S. laws, customs or business practices in the business development field, and therefore “needed to rely entirely” on the expertise of Zhang and her team as the firm’s first engagement of a U.S.-based BD consultant. “Zhang’s dominating influence on the business development strategy is further evidenced by the fact that she personally controlled the business-development communications on behalf of Lepu with potential partners,” Lepu said in its complaint. After entering the deal, Zhang introduced Lepu to her four associates. According to Lepu’s version of events, all of them were allegedly employed at different time points to perform similar jobs at other Chinese companies that Lepu described as its competitors, while having access to Lepu’s confidential information. As such, Lepu described Zhang’s team as “a roster of individuals whose primary professional loyalty, by virtue of their concurrent full-time employment, ran to Lepu’s competitors.” As well as the specific examples set out in the case, a look at Lepu’s deals over the period suggests Zhang may have been involved in at least one transaction. During their partnership, Lepu, through its subsidiary Shanghai Minwei Biotechnology, also out-licensed its GLP-1/GIP/FGF21 agonist MWN105 to a NewCo called Sidera Bio in the fall of 2025. The deal included an upfront and near-term payment of $35 million, up to $1.01 billion in milestones, and a 9.99% stake in the Danish startup. It seems likely that Zhang facilitated the Minwei deal given that Lepu is on record as having used CoDevCo as its “exclusive business development mechanism.” The big shock for Lepu came in the form of a news article on June 25, 2025. The article, reporting on phase 2 data for BrightGene’s GLP-1/GIP receptor agonist BGM0504, identified Zhang as acting chief business officer of the Lepu rival. Blindsided by her association with BrightGene, Lepu confronted Zhang in July 2025. “Lepu was given assurances that there was nothing to be concerned about and told that Zhang would explain the matter to Lepu,” Lepu alleged in its complaint. “Zhang never did.” Lepu claimed that Zhang had the motive and opportunity to steer potential prospective partners toward BrightGene or other competitors. Later, in February 2026, one of Zhang’s associates joined BrightGene as the vice president for global business development, according to the complaint. Around the same time, Lepu sent written demand letters asking Zhang to account for her BrightGene role, identify what confidential data were shared with the rival firm, and provide any conflict-of-interest or firewall policies during the engagement. According to Lepu, neither CoDevCo nor Zhang answered the questions in their responses. Related Novo vs. KBP: How a $1.3B deal turned into a fraud accusation and an international legal fight In a motion to dismiss filed with the U.S. District Court in the Eastern District of New York on Sept. 4, Zhang’s legal team argued that Lepu’s agreement was signed with CoDevCo, and that an employee of the contractor does not owe fiduciary duties to the client. In its complaint, Lepu said: “That CoDevCo was the contracting entity does not insulate Zhang from personal liability for duties she personally undertook and personally breached.” Taking the argument one step further, the defending party argued that the consulting agreement “does not create a fiduciary relationship even between CoDevCo and Lepu; instead, it identifies CoDevCo as an independent contractor retained to market Lepu’s business to potential western partners.” Although CoDevCo was Lepu’s exclusive business-development contractor, there were no terms stipulating that the consulting firm should serve only Lepu, Zhang’s lawyer noted. As to Lepu’s claims that Zhang misappropriated trade secrets, the defendant argued that Lepu authorized the use of the information so Zhang’s team could perform their service per the agreement. In a rebuttal filed on Sept. 11, Lepu’s lawyer set out why they believe the Chinese biotech satisfied New York law’s misappropriation definition by alleging that the defendant used a trade secret “in breach of a duty or through improper means.” As an alternative to dismissing the suit, the defendant suggested the action should be stayed pending outcomes from the arbitration of a separate case in Singapore. While NewCo pioneer Zhang is defending her business arrangements, momentum behind the NewCo trend has continued unabated into 2026. Through August, Chinese biotech assets have spurred 15 NewCo deals this year, according to local trade publication PharmaDJ.
Former Cowboys Starter Headlines Packers’ 3 DB Workouts
The Green Bay Packers worked out three players after their Week 2 win against the New York Jets, per the league’s transaction wire. Defensive backs Chris Edmonds, Wande Owens, and Juanyeh Thomas were all brought in for workouts on Monday. The Packers were already thin in their safety room. They signed Kahlef Hailassie to their […] The post Former Cowboys Starter Headlines Packers’ 3 DB Workouts appeared first on HEAVY.
TUSK Practice Sales Releases Q3 2026 Behavioral Health Market Report
TUSK Practice Sales ("TUSK"), the premier healthcare-focused M&A Advisor, released its Q3 2026 Behavioral Health Market Report. The report reviews transaction activity across the behavioral health industry from the first and second quarters of 2026, as well as the forces impacting buy-side sentiment and transition options for practices in today's market.
Trump is getting more brazen about using his office for political and personal gain
Few things have defined President Donald Trump’s second term as much as his transactionalism. He’s gone to great lengths to wield potential official actions for political and even personal gain in ways simply not seen since at least Watergate.
Nearly all luxury resale transactions on TikTok Shop US now come from livestreams
Year-to-date, 94% of revenue on TikTok Shop from luxury resale in the U.S. is coming from streaming, the platform revealed last week.
Montenegro Wants To Be Europe’s Next Crypto Hub, But Weak Regulation Might Be Costing It Big Business
Montenegro’s crypto market is growing despite regulatory gaps that could deter investors and leave billions in digital-asset transactions beyond effective oversight.
Giants Announce Willy Adames Decision Before Reds Series
The San Francisco Giants announced a series of 10 transactions before their series opener against the Cincinnati Reds. The biggest move of them all was placing shortstop Willy Adames on the 10-day injured list with a sprained left elbow.Adames, 30, suffered an elbow injury in their series finale against the Boston Red Sox. He told […] The post Giants Announce Willy Adames Decision Before Reds Series appeared first on HEAVY.
Hain Celestial Enters Into Definitive Agreement to Sell International Business
Sale would simplify Hain’s portfolio and create a focused North American business; Net proceeds from the transaction would be used to reduce debt Hain Celestial Enters Into Definitive Agreement to Sell International Business Sale would simplify Hain’s portfolio and create a focused North American business; Net proceeds from the transaction would be used to reduce debt HOBOKEN, N.J., Sept. 14, 2026 (GLOBE NEWSWIRE) -- As part of its ongoing strategic review, Hain Celestial announced today it has
Giants release their longest-tenured player, wide receiver Darius Slayton
The New York Giants released wide receiver Darius Slayton on Monday, moving on from the organization’s longest-tenured player in a transaction roughly a week before the season opener. Slayton was a fifth-round pick in 2019. Coming off core muscle surgery that slowed him during training camp, the 29-year-old had been relegated to second- and third-string duties during training camp.
Siemens Energy Plans to Spin Off Industrial Unit Omterra
The company said it could bring in external investors or undertake a potential capital markets transaction, and plans to deconsolidate the business while maintaining a minority stake.
How Americans’ Financial Health Is Faring In The “K-Shaped” Economy
Hey all, Jason here. Money20/20 is still two weeks away, but I’ve already started packing (not procrastinating for once!). My calendar is already filling up with various sessions I want to catch, meetings, and of course happy hours, dinners, and other side events. If you’ll be in Vegas and want to catch up, let me know by replying to this email, and we can try to find a time amidst the chaos of the Venetian. A big if not totally unexpected piece of news dropped on Friday: the Independent Community Bankers of America, a trade group that represents smaller U.S. banks, filed a lawsuit against the OCC and Comptroller Jonathan Gould, arguing that the regulator’s move to grant trust bank charters to firms seeking to use them to conduct substantial non-fiduciary activities exceeds the authorities granted to the OCC by Congress. I haven’t had time to fully digest the legal filing or speak to folks in my network about it, but you can expect to see coverage and analysis on it in next week’s newsletter. Subscribe or Support by Upgrading The NerdCon agenda just dropped. It’s stacked. Partner content: Nubank built an AI-first bank. Chime built its own banking core. Figure and Valon are rebuilding the mortgage stack. At NerdCon, you’ll hear from the people behind those bets: what they chose, what they learned, and what they’re still figuring out. The agenda is live, with leaders from Nubank, Chime, OpenAI, Remitly, Mercury, Figure, Valon and more. Follow the mainstage conversations, bring the problem your team is wrestling with to a hands-on workshop, or pull up a chair at a roundtable. Pick your quests. Meet us in San Diego, November 18–20. Fintech Business Weekly readers save 20% with code FBW20. Explore the Agenda Things To Know & Other Good Reads Federal Reserve Board finalizes changes to enhance the transparency and public accountability of its stress test and reduce volatility in its stress test-related capital requirements (Federal Reserve Board of Governors) FDIC Announces Conclusion of Independent Monitorship (FDIC) Modernizing Financial Regulation: Initial Observations from eSLR (Fed Vice Chair for Supervision Michelle Bowman) The Data Version of Godzilla versus Kong: FRED Takes on AI (Fed Governor Christopher Waller) Financing the AI buildout (Brookings) Q3’26: Rules for Banks but Not for Crypto (Fintech Takes Banking) The Inevitability of Local Stablecoins (Lombard Notes) Delusions of AI Governance: The Human-in-the-Loop Comfort Blanket (Fintech Snark Tank) Stripe agrees to acquire Parafin to expand revenue opportunities for platforms and help small businesses grow (Stripe) Listen: Fighting Fraud in the Age of AI, with SEON’s Tamas Kadar (Fintech Business Weekly) How Americans’ Financial Health Is Faring In The “K-Shaped” Economy If there is one overarching theme across the economy and politics in the U.S. at the moment, it’s “affordability.” The term is vague enough to encompass a panoply of factors shaping Americans’ day-to-day lives: rising costs for the hallmarks of being “middle class,” including healthcare, housing, childcare, and education, inflation and rising interest rates, and a job market with the specter of AI hovering over it. At the same time, policy shifts under the Trump administration have resulted in reduced subsidies to those who get health insurance under the Affordable Care Act and new restrictions on qualifying for Medicaid and SNAP, the impacts of which have yet to be fully felt. These factors are contributing to declining consumer confidence and general dissatisfaction with the economy, despite continuing GDP growth and stock market records. This divergence is encapsulated in the idea of the “K-shaped” economy, in which a small proportion of Americans have seen their wealth balloon, while the majority of American households struggle to preserve the lifestyle they have. Perhaps the greatest determinant of which branch of the “K” a household is on is whether their wealth and income are primarily derived from employment vs. from assets. Nearly two decades of low interest rates and, more recently, elevated rates of inflation have benefited asset owners, while those whose income is primarily or solely derived from labor have largely seen real purchasing power stagnate or decline. This is reflected in recent Bureau of Labor Statistics data showing that labor share of U.S. GDP — the fraction of economic output that accrues to workers as compensation in exchange for their labor — dropped to just 52.8% in Q2 2026, the lowest since the BLS began keeping records. In 1947, approximately 2/3rds of economic output accrued to workers; even as recently as 2001, labor’s share of GDP was 64.1%. Against this backdrop, we’ve seen the rise of more credit and credit-like products: cash advance apps, “no-fee” overdraft, earned wage access, and buy now pay later, which are often used as small-dollar short-term borrowing mechanisms to meet immediate consumption needs or pay other bills (eg utilities, cell phone, other debt payments). With the markers of a middle class existence and, increasingly, basic financial stability seemingly out of reach for many, it should be no surprise there’s been an increase in “financial nihilism,” something industry peers like Alex Johnson and Frank Rotman have discussed and analyzed the roots of. The explosion of gambling and gambling-adjacent products and services — often marketed under the guise of being an “investment” — is inextricably intertwined with the rise of financial nihilism. Crypto, sports betting, and, more recently, prediction markets offer an escape or even hope of sorts, like a contemporary, digital version of a scratch-off lottery ticket, while leaving the overwhelming number of people who use such products worse off. Share of Households That Are Financially “Vulnerable” Ticks Up The Financial Health Network’s 2026 Financial Health Pulse® report adds context on how American households are faring. (I linked to this report in last week’s newsletter, but wanted to take time to further unpack the data in the report this week.) The Financial Health Network publishes the report annually, providing insight into how Americans’ financial circumstances are changing over time. The 2026 report is derived from a survey fielded in April and May 2026. The report leverages survey responses to assess indicators of financial health across spending, saving, borrowing, and planning/protecting and to determine a zero to 100 “FinHealth” score. Those with scores between 0 and 39 are considered “Financially Vulnerable,” consumers with scores ranging between 40 and 79 are defined as “Financially Coping,” and those with scores of 80 to 100 are “Financially Healthy.” The report found that moderate improvements in 2025 were reversed, with the share of respondents considered financially “vulnerable” rebounding to 17%. The longitudinal data reflect the impact of pandemic-era programs, like expanded unemployment, cash stimulus payments, and pauses of federal student loan payments. The positive impacts of those programs, as reflected in the Financial Health Pulse reports, had largely disappeared by 2023. While pandemic-era inflation — to be fair, in part caused by the various support and stimulus measures — had come down from as high as 9% in 2022, it has rebounded since the start of Trump’s second term, with tariffs and energy market disruptions owing to the war in Iran pushing prices back up. Specific indicators in the survey that deteriorated from 2025 to 2026 include the share of respondents spending less than their income over the past 12 months, the share paying all bills on time over the past 12 months, the share that have a manageable amount or no debt, the share that are “moderately” or “very” confident their insurance is adequate to cover them in an emergency, and the share that “somewhat” or “strongly” agree that their household plans ahead financially. Unsurprisingly, lower- and moderate-income households are more likely to struggle to pay their bills on time and have any funds leftover to save. The share of low-income households whose income exceeded their spending dropped from 35% in 2025 to 31% in 2026, while the share of upper-income households whose income exceeded expenses remained unchanged at 63%. Households with student loans or revolving credit card debt reported having “a bit more” or “far more” debt than was manageable at rates far higher than those not carrying these types of debts. The share of those with student loan debt indicating their debt load was too high to manage increased from 50% in 2025 to 55% in 2026, while the share of those with revolving credit card debt saying the same ticked up from 51% in 2025 to 54% in 2026. Households that had student loans were markedly more likely to be financially “coping” or “vulnerable” vs. those without student loans. In 2026, 27% of households with student loans were considered financially vulnerable, a jump of 6% points vs. 2025. Households without student loans saw just a 1% point increase (not statistically significant) in those considered financially vulnerable. Households’ perception of the affordability of categories of goods and services paints a stark picture, with less than one-fourth considering higher education affordable, about a third deeming childcare affordable, and less than half viewing healthcare as affordable. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Democratic Senate Report Highlights How Iran Uses Tether to Evade U.S. Sanctions Iran uses stablecoins, specifically Tether, to evade sanctions, fund regional proxies, and to purchase military drones, a report released last week by the Senate Permanent Subcommittee on Investigations says. The report was authored by committee ranking member Senator Richard Blumenthal (D-CT) and the minority staff. Crypto and stablecoin proponents will often push back on criticism that criminals make use of these assets by arguing that, on an absolute dollar basis, far more illicit funds flow through traditional banking systems and payment rails than via crypto and stablecoins. And while that is likely true, it elides the reality presented in news story after news story: whether state actors — Russia, Iran, North Korea — or criminal groups, those looking to engage in illicit transactions increasingly favor stablecoins and, specifically, Tether (USDT). The report from the Senate Permanent Subcommittee on Investigations released last week adds context to how Iran uses Tether has a lynchpin in its shadow banking system. The report analyzed 846 wallets that have been sanctioned or targeted for seizure, finding that 84% of them transacted exclusively or primarily in Tether. The ability to create near limitless, anonymous wallets and to move funds effectively instantaneously and irreversibly have made crypto a favored financial mechanism for bad actors. Stablecoins solved key drawbacks of bitcoin, namely, the original cryptocurrency’s highly volatile value in dollars. And while Tether (the company) has the technical ability to “freeze” or destroy funds, the company is often limited and reactive in its approach to doing so, the Senate report argues. Tether, which is nominally based in crypto-friendly El Salvador, “has stated that its compliance with OFAC sanctions is ‘voluntary’ and that it follows ‘OFAC guidelines,’” the Senate report says. Owing to these favorable attributes, Tether “became a primary cryptocurrency for Iran, Hamas, Hizballah, and the Houthis beginning in 2023 and has expanded in scale since,” according to the report. Tether’s role in Iran’s shadow banking system, the report says, is enhanced by crypto exchanges like Bybit, Kyrrex, OKX, Gate, and Binance, and through “over the counter” exchanges and hawala networks. The consequences of these financial flows aren’t hypothetical. The Senate report links Tether as a funds transfer mechanism to Iranian proxies in the region, including Hizballah, the Houthis, and Hamas. Tether has also been used to make payments to secure components necessary to manufacture drones, the report says. The report concludes by arguing that “[s]tablecoin issuers with a significant nexus to the United States, particularly those that offer dollar-denominated stablecoins, should be subject to American sanctions law rather than being allowed to hide behind foreign jurisdictions.” Stablecoin issuers like Tether must be held accountable for repeated failures to prevent illicit finance and sanctions violations by law enforcement, the Department of Justice, the Securities and Exchange Commission, and OFAC, the report argues. [Paying Subscriber Exclusive] OUSD Goes Live, Make Your Own Neobank, U.S. Sanctions Russia’s A7 Network As “Transnational Criminal Organization” OpenUSD, the stablecoin issued by the Open Standard consortium that includes Stripe, Visa, Mastercard, core providers, crypto firms, and numerous banks, went live last week. Social commerce platform Whop raised eyebrows in fintech by offering creators on its platform the ability to launch their own neobanks, which the company describes as “great businesses that are easy to run,” in just 15 minutes. And OFAC and FinCEN target Russia’s “shadow banking” A7 Network — more on these stories after the paywall.
Sacoa powers cashless payments at new Saudi entertainment venue
Sacoa Cashless System has supplied the technology infrastructure for BOLTS, a new social entertainment venue in Jubail, Saudi Arabia, according to a press release. The installation includes 38 Spark RFID readers, three point-of-sale stations with readers, RFID cards, customer relationship management and online sales modules, and the Sacoa Mobile App. The integrated platform enables guests to access attractions and make cashless transactions while providing the venue with tools to manage payments and track customer activity.
EigenQ and Silicon Valley Acquisition Corp. Advance Proposed Business Combination Transaction through Confidential Submission of Registration Statement on Form S-4
/PRNewswire/ -- EigenQ, Inc. ("EigenQ" or the "Company"), a quantum technology company, and Silicon Valley Acquisition Corp. (Nasdaq: SVAQ) ("SVAQ"), a...
PayPal layoffs hit Israel as payment giant restructures global operations
The cut will hit the Tel Aviv development center, which develops artificial intelligence systems to analyze transactions in real time, detect fraud, prevent money laundering, and monitor the company’
Sportico Transactions: Moves and Mergers Roundup for Oct. 9
Welcome to Sportico’s transactions wire, a weekly rundown of personnel, partnerships, products and purchases across the sports business industry. PERSONNEL X Games Appoints Sports Steve Rogers as Chief Operating Officer X Games has named sports and entertainment executive Steve Rogers as chief operating officer, as the company continues the expansion of the MoonPay X Games …
Broncos bring back familiar face for a tryout
Taylor Rapp returned to the Broncos' facility for what the NFL's transaction wire described as a "tryout" on Friday.
Hard Rock Stadium Selects Clover Sport to Power Point-of-Sale Solutions
Integrated Technology Supports Faster Transactions and Streamlined Operations Across Sports, Concerts and Global Events MILWAUKEE, Oct. 07, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology, today announced that Hard Rock
Sportico Transactions: Moves and Mergers Roundup for Sept. 11
Welcome to Sportico’s transactions wire, a weekly rundown of personnel, partnerships and products across the sports business industry. PERSONNEL Puma Appoints Steve Cecchini to Lead Global Sports Marketing Puma has appointed industry expert Steve Cecchini as its senior vice president sports marketing, effective Oct. 1. He will report directly to Puma CEO Arthur Hoeld. In …
Iridium stockholders approve Rocket Lab acquisition
Stockholders of McLean-based Iridium approved an acquisition with Rocket Lab, with the transaction expected to close in 2027.
Metro 2039 Doesn’t Mess Around, and it Might Already Be My Favorite FPS in Years
In an age where single-player first-person shooters are slowly going extinct because they only make money for their publisher once while multiplayer live-service shooters vie for our time and attention on a daily basis (and often contain lots of bullsh*t, like microtransactions and/or drawn-out gameplay loops), Metro 2039’s single-player-only craftsmanship and attention to detail after my first few hours with it have me already prepared to call it my favorite first-person shooter in a long time.
Businesses on the move in Marin, Sonoma, Napa and Mendocino counties: Sept. 3 report
Check out which companies are leasing and buying office, retail, industrial and multifamily properties in Sonoma, Marin, Napa and Mendocino counties via the following deals. Leases Transaction key: Square footage at address, city;…
Trump bets big on ‘transactional politics’ in midterm sprint
President Donald Trump is leaning into transactional politics in the final month of the 2026 midterm campaign, tying his administration directly to economic benefits in states that could determine control of Congress. This week alone, Trump has promoted billions of dollars in proposed investments in Alaska and Iowa, redirected $20 million in Department of Homeland […]
Brazil: Lessons from a Disaster
By Antonio Martins (Outras Palavras) Defeats become deeper and more prolonged when we misunderstand what caused them, avoid correcting course, and embrace “solutions” that only compound our mistakes. Lula’s government and the Brazilian left suffered a disaster in Sunday’s election. Contrary to every poll, the president finished the first round 2.2 million votes behind Flávio Bolsonaro—and, more significantly, 3.4 million votes below his total four years ago, when the machinery of the state was working against him and in favor of his opponent. His vote share declined in 98 percent of Brazil’s municipalities. The PL, the main party of the far right, elected 121 deputies and 28 senators, becoming the largest caucus in both houses of Congress. The parties aligned with the Centrão—Brazil’s bloc of transactional center-right parties—were somewhat diminished, but will still hold roughly 250 seats in the Chamber of Deputies and 35 in the Senate. That will make it easier to assemble the majorities needed to amend the Constitution or impeach Supreme Federal Court justices. If elected, Flávio Bolsonaro could appoint four members of the Court, substantially altering its internal balance of power. What produced these results? How can the far right be prevented from consolidating them into a prolonged political hegemony? And what is the essential change of direction the left now needs? Explaining the Disaster Across the commercial media and the exuberant chaos of digital platforms, interpretations are multiplying. Some focus on specific episodes: Lula’s absence from the Globo debate, his very close relationship with Alexandre de Moraes, or his emphasis on issues supposedly remote from most people’s everyday concerns, such as rare earth minerals. Among the more systemic interpretations, three seem especially questionable. One argues that the principal defeat was not the left’s, since its congressional representation declined only slightly. The decisive movement captured at the ballot box, according to this view, was a shift within the right itself—from the more moderate and transactional forces of the Centrão toward the more ideological and radicalized forces of the PL and Novo. A second interpretation holds that the nature of electoral and political processes has changed. The material interests and aspirations of society, it argues, no longer play the central role they once did; they have given way to forms of subjective self-identification that the left has yet to understand. And a third concludes that, because of these two developments, we should expect a political winter: a prolonged period in which the far right and the broader right dominate Brazilian political life. There are important elements in all three interpretations. The problem lies in what they deny or leave out: Lula’s third government was a small-bore government. It offered the majorities that elected it neither a clearly better life nor reasons to believe again in politics and its power to transform society. These failures flowed from two fatal accommodations, which I will examine below. As a result, the government suffered a slow but steady erosion of support. And, as has happened in so many Western countries, it gave the far right the opportunity to present itself as anti-system and to benefit from popular frustration and distress. The interpretation that emphasizes the migration of votes from the center-right and traditional right toward the far right has been advanced, among others, by the courageous journalist Leonardo Sakamoto. In his UOL column on Monday, October 5, he highlights the miserable behavior of the traditional conservative parties. Over the past four years, they repeatedly joined forces with the “neo”-fascists, helping to “normalize” them—a criticism that could equally be directed at almost the entire corporate media. Believing they could use the far right as a stepping stone, they instead ended up partly devoured by it. This was especially true in the Senate, where the PL’s gain of 13 senators and Novo’s gain of two came at the expense of the PSD, which lost nine; the MDB, which lost two; the PSDB, which lost two; and the PP, which lost one. Sakamoto’s observation is accurate and necessary, but it leaves uncomfortable questions unanswered. Why did the erosion of the Centrão benefit the far right rather than, for example, producing growth for the left—as has happened so many times before, both in Brazil and elsewhere? The answer is not difficult. Throughout its four years in office, Lula’s third government was almost invariably associated with the Centrão. Here lies its first accommodation: accepting the limits imposed by conservative institutions; avoiding, as much as possible, any attempt to strain those limits through popular pressure; and believing only in the modest changes that could be squeezed through openings in Congress. The failure of the campaign to end the six-day workweek is emblematic. Lula could have electrified the presidential race by pairing it with a popular campaign for passage of the measure. Instead, he chose to place his hopes in the hands of Senate president Rodrigo Alcolumbre. He generated no mass mobilization, did not force his opponents onto an uncomfortable defensive, and won no victory. In September 2025, the government squandered the greatest of its many opportunities to shake up conservative power in Congress. Popular opposition to the so-called Shielding Amendment—which, if approved, would have restricted criminal proceedings against members of Congress—brought crowds into the streets, mobilized primarily by artists and social movements. This opened the possibility for a broader political education: a campaign that could begin exposing the limits and dysfunctions of Brazil’s political system while putting Bolsonaro’s movement on the defensive for its predictable support of political privilege. The amendment was defeated. But the executive branch then backed away from the fight. It remained associated with an institutional world widely seen as corrupt, elitist, and indifferent to ordinary people’s struggles. In doing so, it forfeited its credibility as a vehicle for the protest vote. On Sunday, it reaped the bitter fruits. Are We Doomed? Taking a different approach from Sakamoto, the philosopher Moysés Pinto Neto and other writers have drawn attention, in their first analyses of October 4, to the fragmentation of the public sphere produced by Big Tech platforms. Through their algorithms, these platforms present each person with a different view of social reality. As a consequence, it becomes much harder to identify common material problems and demands—for example, the fight for labor rights or for a properly funded public health system. Voters no longer embrace such demands, these authors argue, because they no longer see themselves as part of a collective. Instead, they tend to value the identities assigned to them by neoliberal subjectivity—the role of the entrepreneur, for example. On this interpretation, the left’s possible error lies in clinging to outdated illusions. Moysés’s warning is highly relevant and resonates with arguments such as Naomi Klein and Astra Taylor’s “Apocalyptic Fascism and the Billionaires’ Bet.” Unlike a century ago, the far right no longer promises a radiant future. It concentrates instead on resentment—especially that of young men. “They belong to a generation that fears it may never own a home, but compensates with the pleasure it gets from constantly provoking progressives online. Convinced their future has been stolen, they share memes romanticizing historical authoritarian regimes,” the authors write. But Moysés seems to confuse this danger with inevitability. He fails to see that the left’s answer cannot be adaptation. On the contrary, it must strengthen the possibility of politics as collective action. Nor does he recognize that precisely such a reversal is already becoming possible in some of the most promising mobilizations of the twenty-first century: the election, at the end of 2025, of the young Muslim Zohran Mamdani as mayor of New York, on a platform centered on the intensely material fight for an affordable city; the Left Party’s victory in Berlin two weeks ago, built around the demand to expropriate private real-estate corporations; and the very recent wave of demonstrations in Spain—including an occupation of Madrid’s Puerta del Sol—in which tens of thousands of young people mobilized by the Tenants’ Union have demanded limits on rents. By putting itself in the straitjacket of the “fiscal framework” in the first months of 2022, Lula’s third government adopted the second fatal accommodation of its term. Faced with conservative institutions and a country devastated by four years of Bolsonaro, increased public investment was the government’s remaining weapon for offering a more dignified life to the majority and forging an anti-conservative pact with them. The same state that disburses 1 trillion reais a year to enrich a small class of rentiers could instead spend money to extend the Family Health Strategy to every Brazilian, at a cost of 30 billion reais; provide full-day public schooling and childcare to all adolescents and children—and, especially, relief to their mothers; achieve universal sanitation while cleaning up polluted urban rivers; multiply metro systems; begin transforming the urban peripheries; and undertake many other urgently needed projects. In April 2023, an article in Outras Palavras warned that the fiscal framework could “shrink the Lula government and preserve the forces that condemn the country to inequality and regression.” A year later, another article showed that restraints on public spending were strangling policies vital to ordinary people and undermining the president’s popularity. In November 2024 came a reality check, in the form of the government’s humiliating defeat in the municipal elections. Even then, the fiscal lock was neither removed nor loosened. On the contrary: throughout the government’s four years, fiscal restraint remained central to its political narrative. The administration proudly proclaimed that it had “put the state’s accounts in order,” without grasping either how misleading that phrase was—given the payment of 1 trillion reais in interest—or how badly the message was hurting it politically. Lula finally woke up in September 2026. The increase in Bolsa Família benefits, after four years of being frozen; the announcement that anti-obesity drugs would be offered through Brazil’s public health system; and the ban on online betting showed that the state has the power to act decisively on behalf of the majority when those in government are willing to confront obstacles. The huge marches that closed the campaign in Fortaleza, Salvador, Rio de Janeiro, and São Paulo on the eve of October 4 showed how such initiatives can mobilize activists and the broader public. But it was too late—and too little to change the outcome of the first round. History has not ended The possibility of a turnaround in the three weeks leading up to November 25 cannot be ruled out. It will not be simple or easy. Lula must not only make up a deficit of 2.2 million votes; he must also offset the movement of voters who backed other right-wing candidates in the first round, most of whom are likely to move toward Flávio Bolsonaro. Pulling that off will require a broad, grassroots effort to win over voters, potentially reinforced by new initiatives from Lula. The coming hours and days will be decisive. If Bolsonaro’s movement also wins the presidency, the result will create a high-risk situation for Brazilian sovereignty and democracy. The enormous challenges posed by such an outcome would require the left to reexamine, in depth and with a genuine willingness to engage in self-criticism, its political projects—or its lack of them—and its practices. But would that mean we are condemned to the long winter of far-right hegemony that some analyses are beginning to forecast? It is far too early to say, suggests a recent text by Álvaro García Linera, the thinker who served as vice president of Bolivia under Evo Morales. His central hypothesis is that this political current will prove short-lived. At a moment when the entire world is once again talking about sovereignty and protecting national economies, the far right offers a stale, recolonizing neoliberalism. Its submission to the United States is as blatant and pathetic as Flávio and Eduardo Bolsonaro’s overtures to Donald Trump. Its project amounts to something like every man for himself: greater inequality, capitalism without limits, devastation, and supremacism. Will it work? In the United States, just two years into his second term, Trump himself is reaching record levels of unpopularity and may be on the verge of losing Republican control of both the House and Senate in November. Every new beginning is difficult. Whatever the outcome of the second round, the defeats of October 4 show how profoundly the Brazilian left will have to rethink and rebuild. But just as it would be foolish to underestimate the seriousness of its mistakes, it would be equally foolish to conclude that rebuilding a political project is no longer possible. History has not ended. The times are moving faster than ever. Originally published in Portuguese by Outras Palavras. English translation by Eric Blanc; I’ve added the subtitles. More We can’t stop the far right at home or abroad without a revitalized labor movement, which is yet another reason why you should become a sustaining supporter of the Emergency Workplace Organizing Committee (EWOC) — one of US labor’s pivotal bright spots. Relatedly, Jacobin published a short piece of mine reflecting on a decade of Bernie Sanders inspiring a whole new generation of young worker organizers.
90 Ideas in 90 Minutes: Blaire Massa
Measure belonging, not just outputCompanies are exceptionally good at measuring transactions. At Ballet Des Moines, we know exactly how many tickets we sell, how many students attend our programs, how many dollars we raise. But those numbers look backward, not forward. We wanted to find out whether people were going to come back. So we…
Dave & Buster's Entertainment (NASDAQ:PLAY) CFO Acquires 4,000 Shares of Company Stock
Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Get Free Report) CFO Cory Hatton purchased 4,000 shares of the business's stock in a transaction dated Monday, September 28th. The shares were acquired at an average price of $6.50 per share, for a total transaction of $26,000.00. Following the acquisition, the chief financial officer owned 104,475 shares of the company's stock, valued at $679,087.50. This trade represents a 3.98% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.
How to use cybersecurity to increase your business’s value
Strong cybersecurity can also boost business valuations and inspire buyer confidence. Both sides of the transaction should treat cybersecurity as a key factor in building enterprise value.
Panthers Injury Report & Transactions
Let’s take a look at the Panthers key roster moves and the injury report heading into this week’s matchup.
Howard Fensterman
Howard Fensterman is the managing partner and co-founder of Abrams Fensterman, a full-service law firm representing healthcare professionals, physicians, licensed professionals, businesses and institutions in regulatory, corporate, litigation and transactional legal matters.
Panthers Injury Report & Transactions
Let’s take a look at the Panthers key roster moves and the injury report heading into this week’s matchup.
Clearsight Advises Ambit in its Acquisition by Danforth Health
Clearsight Advisors, Inc. ("Clearsight") is pleased to announce a successful transaction in its Healthcare and Life Sciences Services practice. Clearsight served as the exclusive sell-side advisor to Ambit RD, Inc. (the "Company" or "Ambit") on its acquisition by Danforth Health, Inc. ("Danforth"), a portfolio company of Avesi Partners ("Avesi").
NYC Health + Hospitals and Maimonides Health Transaction Moves Forward After New York State Health Planning Council Vote
New York, NY – In a unanimous vote, the full New York State Public Health and Health Planning Council (PHHPC) today approved the proposal for Maimonides
Green Bay Packers Kaleb Johnson trade gets strong review From ESPN
The Green Bay Packers have bolstered their backfield by bringing in Kaleb Johnson from the Steelers, sending Pittsburgh a future 2028 draft pick in return. ESPN viewed the transaction favorably, pointing to Green Bay’s decision as a savvy way to strengthen the position before the 2026 season gets underway. “The most likely outcome is still [...]
Fitzgibbon Hospital in Marshall transitions to new management
Fitzgibbon Hospital in Marshall has transitioned to new management following the U.S. Bankruptcy Court's approval of the transaction.
Protecting Your Clients and Your Business From Fraud
Essential real estate fraud prevention tips for agents: verify, detect, and report to protect clients and transactions.
What Does Caesars Entertainment (CZR) Shareholder Approval Mean For Its Privatization?
Caesars Entertainment (NasdaqGS:CZR) shareholders have approved the acquisition of the company by Fertitta Gaming. The vote clears a key hurdle for Caesars to become a wholly owned subsidiary of Fertitta Gaming and to complete its move to private ownership. Regulatory and closing conditions now become the next focus as the transaction advances toward completion. The shareholder approval for Fertitta Gaming's takeover of Caesars Entertainment sits against broader shifts our research has...
Menlo Business Brokerage Expands Team with Strategic Hire
TEMPE, Ariz., September 11, 2026--Menlo Business Brokerage today announced that Emily Stubbs has joined the firm as a business advisor. She will represent ABA practices, professional services firms, medical practices, and other businesses looking to sell, bringing a strategic and legally informed perspective to each transaction.
Joshua M. Liebman
Rosenberg Calica Birney Liebman & Ross Partner Joshua M. Liebman is an experienced and skilled litigator and transactional attorney.
GameSquare Enters Definitive Contribution Agreement to Acquire Sports, Music and Entertainment IP Assets from FanEngine
("FanEngine"), a technology and media asset consolidator that collectively enables sports, music and entertainment IP owners to build direct relationships with fans and monetize those relationships through gamification, brand integration, events, content, commerce, and experiences.The Transaction is expected to be immediately accretive to profitability and represents the next step in GameSquare's strategy to build a differentiated, end-to-end platform spanning audience analytics, creators, agenc
Renew Health + Recovery Purchases Assets of Aware Recovery Care
Renew to operate in-home substance use disorder treatment across 11 statesMIDDLETOWN, CT / ACCESS Newswire / September 15, 2026 / Renew Health + Recovery today announced the completion of a transaction under which it purchased many of the assets of the in-home substance use disorder treatment provider, Aware Recovery Care. Renew will serve without interruption clients and families as it has acquired many of the clinical models and care teams.
Inseego completes acquisition of Nokia’s Fixed Wireless Access business
Transaction expected to approximately double Inseego’s revenue and expand its global footprint across Europe, the Middle East, Asia, Oceania, and the Americas
Bendon continues strategic expansion; acquires Hinkler's North American business
Hinkler’s Australian and international operations are not part of the transaction and will continue to operate independently under existing ownership.
NOTABLE TRANSACTIONS: September 16, 2026
Siddhi Ventures Inc., based in Ankeny, paid Maples Apartments LLC $1.5 million for property at 1011 SE Third St. in Ankeny, Polk County real estate records show. The property includes an 18-unit multifamily structure built in 1980. The transaction was recorded Sept. 8. Steven and Courtney Lowry paid Timothy and Ambe Bogardus just over $1…
Villa-Chelsea transfer links are about business, not friendship, says Emery
Aston Villa do not share a special relationship with Chelsea despite a number of transfers between the clubs in recent years, manager Unai Emery said on Sunday, describing the deals as purely business transactions.
NYC Health + Hospitals and Maimonides Health Transaction Moves Forward to Next Step After Unanimous New York State Advisory Board Vote
In a unanimous vote on Thursday, August 27, the Establishment and Project Review Committee of the New York State Public Health and Health Planning Council
Former Youngstown clerk accused of falsifying business records
BUFFALO, N.Y. (WIVB) — A woman is facing charges after she allegedly used a Village of Youngstown account to make fraudulent transactions while employed as a village clerk, the Niagara County…
BitGo acquires NYDIG’s institutional trading business
The transaction allows NYDIG to focus on power generation, bitcoin mining and data center development, the company said.
Kroenke Sports & Entertainment to Acquire the Los Angeles Angels of Anaheim
Kroenke Sports & Entertainment ("KSE") today announced that it has entered into a definitive agreement to acquire a controlling interest in the Los Angeles Angels Baseball Club from the Moreno family. The transaction is expected to clos
ProTributeBands.com Clarifies Direct Booking Model for Corporate Event Entertainment Planners
SAN RAMON, CA - September 25, 2026 - PRESSADVANTAGE -ProTributeBands.com, the curated booking and lead generation platform for high-end tribute bands, has outlined how its direct-booking structure works for event planners seeking corporate event entertainment. Under the model, bands featured on the platform negotiate terms and close each booking directly with the client, while ProTributeBands follows up to keep the transaction moving smoothly.The structure separates ProTributeBands.com from traditional booking agencies that insert themselves into every contract. Rather than acting as an intermediary that controls the final agreement, the platform connects event planners, performing arts centers, festivals, wedding clients, and private party hosts with pre-screened, national-act-caliber tribute acts, then steps back so the parties can settle details themselves. The platform maintains contact with both sides to ensure momentum is not lost during the process.Founded by David Victor, former guitarist and co-lead vocalist of the multiplatinum band BOSTON, ProTributeBands.com features tribute acts covering artists such as Queen, The Beatles, ABBA, Journey, The Eagles, and Pink Floyd. Selected bands receive optimized profile pages and booking leads generated through the platform."Event planners often assume a booking platform means another layer of negotiation and markup," said David Victor, Founder of ProTributeBands.com. "The approach here is different. The bands negotiate terms and close each booking directly, which keeps the conversation honest and the details accurate. The platform stays involved by following up so nothing stalls between the first inquiry and the signed agreement."The direct-booking method reflects how corporate and private event planning typically operates. Planners frequently need to confirm technical requirements, stage dimensions, scheduling, and performance specifics with the people who will actually be on stage. By allowing those conversations to happen between the client and the band, the model aims to reduce miscommunication that can occur when information passes through a third party.ProTributeBands.com applies a screening process before an act appears on the platform, focusing on production quality, musicianship, and readiness for larger venues. The company ranks tribute bands across categories including Queen, The Beatles, The Eagles, Journey, Pink Floyd, and BOSTON tributes, drawing on performance quality and audience response.The ProTributeBands guide to hiring a tribute band offers additional context for planners weighing these decisions, covering topics such as understanding the audience and event, assessing entertainment value, viewing an act in person before hiring, and reviewing rider and insurance requirements. The guide addresses the practical considerations planners face when selecting an act for a corporate function, festival, or private celebration."A tribute production for a corporate audience has to hold the room the same way a headline act would," Victor said. "The vetting exists so planners can trust that the act they see listed can deliver at that level, and the direct-booking structure lets them confirm every detail with the band before committing."ProTributeBands.com serves clients across the United States and abroad, working with tribute acts that perform at performing arts centers, summer concert series, product launches, corporate parties, private parties, and wedding receptions. The platform also accepts artist submissions from tribute bands seeking consideration for inclusion. The company operates online at protributebands.com.###For more information about ProTributeBands.com, contact the company here:ProTributeBands.comDavid Victor(925) 236-0217hello@protributebands.com11040 Bollinger Canyon Road Suite E-938, San Ramon, CA 94582
Kroenke Sports & Entertainment announces agreement to buy Angels
Kroenke Sports & Entertainment announced Tuesday that it has entered into an agreement to acquire a controlling interest in the Los Angeles Angels. In a news release issued Tuesday, the ownership group said the deal with the Moreno family is expected to close early next year. The transaction would require approval from Major League Baseball. The Kroenke-affiliated group also owns…
House unanimously votes to eliminate 1-cent coin permanently
The Common Cents Act passed the House to officially end penny minting and establish cash rounding to the nearest nickel for cash transactions.
Panthers Lose 6-Foot-4 TE to Cowboys
The Carolina Panthers recently discarded an experienced 6-foot-4 tight end from their roster ahead of Week 1 of the NFL season. The Dallas Cowboys opted to be the beneficiary. On Thursday, the NFL’s official transaction report showed that the Cowboys signed TE James Mitchell to their practice squad. The Panthers had waived Mitchell after the […] The post Panthers Lose 6-Foot-4 TE to Cowboys appeared first on HEAVY.
LA Rams owner Kroenke reaches agreement to buy Angels
Kroenke Sports & Entertainment ("KSE") today announced that it has entered into a definitive agreement to acquire a controlling interest in the Los Angeles Angels Baseball Club from the Moreno family. The transaction is expected to close in the first quarter of 2027, subject to customary closing conditions and approval
Who's building and who's buying in Greater Baton Rouge
A look at the latest issued permits and property transactions across East Baton Rouge, Ascension and Livingston parishes. East Baton Rouge Parish Metro Industriplex Properties purchased a reta… Already an INSIDER? Sign in. Already an INSIDER? Sign in
Political Risk Reshapes M&A Strategy, White & Case Chief Says
EchoStar Corp.'s deals to sell airwave rights to AT&T and SpaceX highlight the political and regulatory pressures driving M&A activity, according to the lawyer who steered the transactions.
Colorado Sues EarnIn For “Immoral, Unethical, Oppressive and Unscrupulous” Business Practices
Hey all, Jason here. When this hits your inbox, I should be en route to the airport — not to go anywhere myself, just to pick up my better half. I must admit, it’s been strange to be home alone (well, with two dogs) for two weeks! Really lets me “optimize” to spending more time on reading/writing/working, whether that’s healthy or not! Looking forward to getting back into a (somewhat) more balance routine. Subscribe or Support by Upgrading Compare Notes With the People Who Built Modern Fintech Partner content: Remitly CEO Sebastian Gunningham. Increase founder Darragh Buckley. Linda Du, Co-founder & President at Valon. They’ll unpack the decisions behind building and scaling major financial products: what they got right, what broke, what they would do differently, and how AI and new infrastructure are changing the operator playbook. Most events tell you where fintech is going. NerdCon puts the people who built the present in the room and asks them what comes next. Expect an operator-led conversation grounded in real products, real trade-offs and lessons earned the hard way. Fintech Business Weekly readers save 20% on Regular tickets with code FBW20 before standard pricing ends September 11. Meet the Builders Things To Know & Other Good Reads Advent and Stripe Abandon $50 Billion Pursuit of PayPal (Bloomberg) Trump Family’s New Crypto Bank Is Backed by Abu Dhabi Sheikh (Wall Street Journal) The multiplying risks of financing data centres (FT) Let the Bond Market Speak (Wall Street Journal) Did we waste a crisis? Modest proposals to reform deposit insurance. (Fintech Takes Banking) Untangling Guggenheim: How Private Credit Built Its Own Universe (Net Interest) The Hater’s Guide To Circular Financing — Part One (Ed Zitron) Fiat Ventures Rebrands to FGV Capital, Announces $35M Oversubscribed Fund II (BusinessWire) Socure Announces Strategic Growth Investment at $5.2B Valuation and Acquires Agentic Operations Platform Fravity (Socure) Listen: When Consumer Protection Disclosures Work Too Well (Consumer Finance Monitor Podcast) Colorado Sues EarnIn For “Immoral, Unethical, Oppressive and Unscrupulous” Business Practices When Andreessen Horowitz led EarnIn’s $39 million Series B in 2017, Alex Rampell, a partner at the storied venture capital firm, described EarnIn’s small-dollar advance product as “free,” relying on “entirely on voluntary contributions instead of fees.” Rampell favorably compared EarnIn’s approach to typical payday loans, writing, “Payday loans historically have had the potential to be a slippery slope for consumers into financial distress: opaque systems and steep fees that are hard to repay and set individuals back further than where they started. For many Americans living paycheck to paycheck, that kind of slide into debt can be extremely difficult to recover from.” But EarnIn’s product — which, the company says, isn’t a “loan,” legally speaking — ends up being anything but free for most users. While it is technically possible to take a no-fee advance from the company, most users incur “Lightning Speed” (instant funding) fees and/or ostensibly optional tips that combined can equate to annualized percent rates that can reach over 1,000%. With an average term of 9.77 days, even fees and tips that are small on an absolute dollar basis are equivalent to high APRs on an annualized basis. A lawsuit filed last week by Colorado Attorney General Phil Weiser against EarnIn describes the company and its product and business practices quite differently than Andreessen’s Rampell; “EarnIn’s business practices are unfair because they are immoral, unethical, oppressive and unscrupulous,” the complaint, filed in District Court in Denver, Colorado, says. EarnIn’s marquee product, Cash Out, isn’t a loan, the company says, as Cash Out is not “[f]orward [l]ooking” because “[t]he money is transferred based on earnings to date,” does not carry a mandatory fee to access funds, and is “non-recourse,” meaning EarnIn cannot pursue recovery from users who don’t repay advanced funds. EarnIn is sometimes referred to as an “Earned Wage Advance” service. Though, unlike some others in the broader category, EarnIn does not integrate with employers’ payroll or time and attendance systems. Rather, EarnIn attempts to verify a user’s income and employment, by examining direct deposit transaction data in their linked external bank account, by using GPS location and Bluetooth data to estimate a user’s time spent at work, if they work in a fixed location, and/or by having a user provided a work email address. While repayment is theoretically optional, as EarnIn would have no recourse, such as reporting non-payment to the credit bureaus or a collections agency, this is anything but clear to users of the EarnIn app, Colorado’s complaint argues. During the process of taking a Cash Out, users must agree to a preauthorized debit of the amount advanced, plus any expedited funding fee and/or tips. Though users technically can revoke this ACH authorization, the fact that they have this right isn’t presented to users during the Cash Out process, but rather is included in linked terms and conditions few users are likely to actually read. And users who do wish to revoke their ACH authorization must do so three or more days before the scheduled transaction date by emailing EarnIn’s customer support. Similarly, EarnIn’s marketing claims that it carries “no interest” and “no mandatory fees” is technically true, but is not the reality for many of the app’s users, the Colorado complaint argues. Further, EarnIn has extensively marketed to users the ability to “access your pay today,” to get “instant” funds, and to get funds “the same day you work” — when, in reality, this speed of access was only possible by paying the additional, undisclosed Lightning Speed fee. The Colorado complaint highlights this contradiction specifically, noting: EarnIn tells consumers that they can ‘Make any day payday with EarnIn’ and that there no ‘hidden’ or ‘mandatory fees.’ For a consumer to access their pay on the same day requested, they would have to pay the Lightning Speed fee. In the fine print of the advertisement EarnIn discloses that ‘[f]ees apply to use Lightning Speed,’ a direct contradiction to the larger text of the advertisement, and a fact that would not be immediately understood by a consumer as ‘Lightning Speed’ is not defined nor explained. Like other small-dollar lending services, rather than explicitly charge interest, EarnIn collects a markup on the optional Lighting Speed fee, which, given the nature of the transactions, many users opt for, as well as offering users the option to leave “tips.” EarnIn leverages either Real-Time Payments (RTP) rails or push-to-card via debit rails if a user opts for the optional Lightning Speed. But while these capabilities cost EarnIn, on average, $0.075 or $0.20 per transaction, respectively, EarnIn charges users significantly more. Initially, EarnIn charged as little as $1.99 for Cash Outs up to $24. But EarnIn has hiked these fees multiple times, and now charges $4.99 for Cash Outs up to $75 and $6.99 for those over $75. According to the Colorado complaint, EarnIn leverages “dark patterns” to manipulate users and to make it more difficult to avoid tipping. Examples of these “road blocks” highlighted in the complaint include: As of 2023, in the EarnIn app, a consumer attempting to get a loan under the default settings had to make at least eighteen separate taps to complete the transaction and reduce the tip to $0. There is an alternative method to leave a $0 tip, via the “Custom tip” feature, but EarnIn made this option difficult to access by visually deemphasizing it and positioning it near devices’ “home” button. Using language and imagery such as “Tip to pay it forward,” “Your generosity supports the service + helps,” “Your tips make a difference,” and “[t]he APR for this cash out is 0%. Your tips help support us.” While Lightning Speed and tipping are, in theory, both optional, in practice, users nearly always ended up paying something. According to the Colorado suit, users were charged either a tip or an expedite fee for more than 92% of transactions, with an average APR of nearly 388%. And, although the advances are “non-recourse,” EarnIn successfully collects on nearly all transactions — 99.18%, according to the complaint, which, Colorado argues, “demonstrat[es] that EarnIn’s advances function as high cost loans, not voluntary payments.” The share of EarnIn users incurring fees — despite the product being marketed as 0% APR — is hard to reconcile with Andreessen investor Rampell’s favorable description of EarnIn vs. “opaque systems and steep fees” associated with payday loans, which, Rampell says, can be “extremely difficult” for borrowers to extricate themselves from. According to Colorado’s suit, EarnIn’s Cash Out product “trapped many consumers in extreme cycles of high-cost reborrowing.” The suit gives an example of one consumer in the state, who took out a whopping 1,151 loans, paying a total of $4,038.50 in Lightning Speed expedited funding fees on loans that averaged the equivalent of 1,421% APR. Another Colorado user, the suit says, took out 1,033 loans, paying $8,561.22 in tips and fees at an average APR of 1,539% . These types of usage patterns demonstrate “the severe and repeated financial harm caused by EarnIn’s illegal lending model,” the Colorado complaint argues. In aggregate, from January 2023 through July 2025, EarnIn extended 3.1 million loans to 56,778 users in Colorado — an average of nearly 55 transactions per person during the time period. EarnIn lent more than $300 million and collected more than $16 million from Colorado users in Lightning Speed fees and in tips. Ultimately, the Colorado complaint argues that “EarnIn’s Cash Outs are loans under Colorado law, and EarnIn’s contention that its product is not a loan based on its disclaimer of any legal repayment obligation lacks any real-world significance given how the Cash Out transactions actually operate in practice.” Colorado further argues that “EarnIn was not working with companies here in providing consumers with funds but acted as a third-party lender and charged illegally high rates, used deceptive design strategies to extract some charges, and trapped consumers in repeat borrowing. Colorado will continue to stand up for consumers and hold companies accountable when they violate our credit laws or attempt to evade them through misleading practices.” Colorado’s suit alleges EarnIn assesses finance charge in excess of that permitted by Colorado law, that EarnIn failed to make legally required disclosures to Colorado borrowers, that EarnIn made supervised loans to consumers without obtaining the requisite license, that EarnIn violated the state’s Deferred Deposit Loan Act, that EarnIn engage in unfair and deceptive trade practices, and that EarnIn made false or misleading statements concerning price. The suit seeks a court order enjoining EarnIn from violating relevant Colorado laws, for EarnIn to refund amounts charged in excess of state law, fees, costs, and penalties, and other relief the court deems to be just. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Q2 Quarterly Banking Profile: Five Quick Takeaways The FDIC released its quarterly banking profile, which is always worth a read, for the second quarter. The profile provides an aggregate snapshot about the overall health of the 4,238 institutions whose deposits are insured by the FDIC, who, collectively, hold more than $26 trillion in assets and saw a total net income of more than $90 billion in the second quarter. Net income was up 12% vs. Q1 2026, with lower provisions and realized gains on securities helping to drive the improvement, somewhat offset by increases in non-interest expense and applicable income taxes. Overall net interest margin was basically flat quarter over quarter (up 1 basis point vs. Q1 2026), though community banks saw NIM grow by 10 basis points, to 3.81%. Unsurprisingly, given that interest rates haven’t changed, unrealized losses on securities changed little, edging up slightly to $326.7 billion vs. $325.1 billion in Q1 2026. Aggregate credit quality has remained benign, with asset quality actually improving slightly in Q2. Overall, institutions reported a 9 basis point decline in their past-due and non-accrual rate, to 1.44%. Net charge off rate also declined by 2 basis points, to 0.57%. And finally, the FDIC’s deposit insurance fund stands at $161.1 billion, making the DIF reserve ratio 1.48% — above the statutory minimum of 1.35%, but still below the designated target reserve ratio of 2%. [Paid Subscriber Exclusive] Nissan Withdraws ILC App, State Associations Plan BankChain Alliance, FDIC Defines “Unsafe or Unsound Practice” For First Time Automaker Nissan withdrew its application to charter a Utah industrial loan company and its corresponding application to the FDIC for deposit insurance last week, on August 19th. Nissan’s application had been outstanding for more than a year, as it originally applied in June 2025. Recent applications to the OCC to form national banks have been decisioned, one way or the other, substantially more quickly than has historically been the case.
Who’s building and who’s buying in Greater Baton Rouge
Here are the latest notable issued permits and property transactions in East Baton Rouge, Ascension and Livingston parishes. East Baton Rouge Parish A remodel permit was issued for Interior re… Already an INSIDER? Sign in. Already an INSIDER? Sign in
Insider Selling: Caesars Entertainment (NASDAQ:CZR) Director Sells 7,000 Shares
Caesars Entertainment, Inc. (NASDAQ:CZR - Get Free Report) Director David Tomick sold 7,000 shares of Caesars Entertainment stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $29.67, for a total transaction of $207,690.00. Following the transaction, the director directly owned 38,911 shares in the company, valued at approximately $1,154,489.37. This trade represents a 15.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Sportico Transactions: Moves and Mergers Roundup for Sept. 18
Welcome to Sportico’s transactions wire, a weekly rundown of personnel, partnerships and products across the sports business industry. PERSONNEL Íñigo Aznar Named CRO of Inter Miami CF and Nu Stadium Inter Miami CF announced Iñigo Aznar has been named chief revenue officer of the club and Nu Stadium. Aznar brings 25 years of international experience …
Merrimack Anheuser-Busch Property purchased by United Therapeutics Corporation
Biotechnology firm United Therapeutics Corporation has acquired the former Anheuser-Busch brewery site in Merrimack for $47 million, according to sources familiar with the matter. The transaction secures one of Southern New Hampshire’s largest industrial parcels, spanning nearly 300 acres off Daniel Webster Highway
GameSquare Enters Definitive Contribution Agreement to Acquire Sports, Music and Entertainment IP Assets from FanEngine
Highly profitable transaction expected to be immediately accretive to earnings and support multiple recurring revenue opportunitiesFanEngine's assets add well-known global IP assets Peaky Blinders, Simon's Cat, The Two Robbies and Friends, 4Cast Media Platform featuring Former England Captain Ben S…
What one power broker thinks is driving Williamsburg’s booming retail market
Ariel Schuster has been involved in several notable recent transactions in Williamsburg, including Bylt Basics' first New York City store.
County business halts as staff experience tech issues
Due to technical issues with phone systems and servers, Jefferson County is temporarily unable to process transactions.
Mesirow Fiduciary Solutions Acquires flexPATH’s 3(38) Business
The transaction will deepen the company’s custom portfolio and investment lineup service capabilities.
Doral bets $738 million on its U.S. renewable energy business
The Israeli company will more than double its stake in Doral LLC to 53.2%, valuing the American subsidiary at about $4.1 billion in the latest transaction and potentially postponing plans for a separate IPO.
Authentic Completes Acquisition of Care Bears, Establishing New Character Entertainment Vertical
Authentic Brands Group (Authentic), a global brand and entertainment platform, today announced the closing of its acquisition of the intellectual property (IP) of Care Bears, one of the world’s most enduring family entertainment franchises. The transaction establishes character IP as a new vertical within Authentic’s global platform., , , , Authentic has assembled a senior team of business and creative leaders to accelerate the brand through content, experiences, products and partnerships., , , , ...
McDonald’s is using AI to help price your Big Mac
A McDonald’s “pricing engine” analyzes millions of transactions and estimates what customers are willing to pay, Reuters reports.
Northwest Colorado Health reports $230K loss in financial fraud scheme
Northwest Colorado Health lost approximately $230,000 this summer from fraudulent account transactions, with CEO Steph Einfeld describing the organization as the “victim of a sophisticated crime” involving the impersonation of one of the nonprofit’s financial...
Status of The Lions Bay Resources Barbrook Business Rescue Plan
Victoria, South Africa--(Newsfile Corp. - August 28, 2026) - On 25th August 2026, Vantage Goldfields released a press statement, wherein they claimed that the "Lions Bay Resources Proposed Transaction to Acquire the Barbrook Mine Has Failed" and further that "Confirmation provided by the South African Mining Regulator means that Lions Bay Resources, owned by Metals One Plc (AIM: MET1) (LSE: MET1) and Lions Bay Capital Inc. (TSXV: LBI), cannot obtain mining regulatory approval, so that the...
HSBC to wind down German business for transaction services, over 300 jobs to be phased out
HSBC is winding down its transactions services business in Germany, resulting in more than 300 job reductions, a spokesperson confirmed on Wednesday.
Robert C. Creighton
Robert Creighton is a corporate attorney focusing on merger and acquisition transactions and representing banks in commercial lending.
Chicago Bears 2026 53-Man Roster Transaction Tracker
NFL teams need to be down to 53 players by 5:00 CT on Sunday, August 30, and @wiltfongjr is tracking all the Bears moves here.
Brookfield Business (BBUC) Joins Reliance Deal. What Returns Can it Capture?
Brookfield Business Corporation (NYSE:BBUC) will participate in Brookfield’s proposed acquisition of Reliance Worldwide Corporation, announced September 15. The transaction values the plumbing-products manufacturer at approximately US$2.8 billion in enterprise value, excluding lease liabilities. The investment group plans to acquire 100% ownership. Funding will come through the Brookfield Capital Partners strategy and Brookfield Business Corporation (NYSE:BBUC). […]
The new tax changes every small business needs to know
Principal Tax Research Analyst at the Tax Institute at H&R Block, Carl Breedlove, breaks down what's new for 2026 filers, from higher reporting thresholds to new forms for crypto and digital asset transactions. If you run a small business, freelance, or trade digital assets, here's what you need to know.
Dallas Cowboys claim RB Emari Demercado off waivers
The Dallas Cowboys claimed former Arizona Cardinals running back Emari Demercado off waivers, the NFL announced Monday through its transaction wire.
General Mills closes sale of Brazil food business
Transaction with Grupo 3corações advances portfolio revamp.
Apple Card has three new and improved features in iOS 27
Apple Card gets even better in iOS 27, with new features like a recurring transactions section to help you stay on top of regular charges.
Following Andy’s Footsteps: Luke Petittte Begins Yankees Career In Tampa
Luke Pettitte, the son of former Yankees left-handed pitcher and five-time World Series champion Andy Pettitte, will begin his Yankees career in Low-A Tampa, according to MLB Pipeline and the Yankees transaction logs.The Yankees drafted the younger Pettitte in the eighth round (248th overall) out of Dallas Baptist University, a Division I program in Dallas, […] The post Following Andy’s Footsteps: Luke Petittte Begins Yankees Career In Tampa appeared first on HEAVY.
McKesson and CD&R to acquire Option Care Health for around $5.8B
The $5.8 billion transaction establishes a framework for McKesson to potentially acquire CD&R's stake.
Governor Stein won't oppose the WakeMed merger with Atrium Health; commissioners vote this week
The proposed WakeMed, Atrium Health merger has drawn scrutiny about how the transaction could affect patients and health care prices.
California Rethinks Software Tax Rules After Business Pushback
California tax officials are reconsidering parts of proposed rules for the state’s new software tax after businesses warned Thursday that the framework could conflict with existing tax systems, potentially exposing transactions to levies in multiple states.
Platinum Equity Completes Sale of Global Environmental Services Business Urbaser to Blackstone and EQT for $6.6 Billion
Sale of Madrid-based environmental infrastructure platform follows multi-year transformation process LONDON (September 22, 2026) – Platinum Equity announced today that the sale of Urbaser to Blackstone and EQT in a transaction valued at approximately $6.6 billion (€5.6 billion) has been completed. Urbaser is a global integrated environmental infrastructure platform specialized in the collection, management and […]
Panthers Injury Report & Transactions
Let’s take a look at the Panthers key roster moves and the injury report heading into this week’s matchup.
Rhett Marques pledges business support in AL-02 race
Marques said he will pass laws like exempting credit card transactions from sales taxes to help businesses succeed.
Qualified Small Business Stock – Maximizing the Gain Exclusion
By Aaron Pinegar With some advance planning, certain business owners (other than corporations) can achieve substantial tax savings on cash sale proceeds by structuring the transaction as a sale of “qualified small business stock” (commonly referred to as “QSBS,” for short, or as “1202 stock” because it is governed by section 1202 of the Internal Revenue Code of 1986, as amended (the “Code”).
Charlotte's Allspring on block for perhaps $4B, FT says
Allspring Global Investments, a Charlotte-based business that was formerly the asset management division of Wells Fargo, is considering a sale that could be as much as $4 billion, the Financial Times reported Friday. No decision has been made and talks are in early stages, according to the report, which cited people familiar with the transaction. […]
America first, global health last?
The US is reshaping global health aid through bilateral deals and stricter conditions – raising concerns over funding gaps, sovereignty and whether a transactional model can replace decades of multilateral cooperation
Should You Buy PayPal Stock For Its Credit Business?
PayPal (PYPL) has gained 27% over the past three months while the S&P 500 returned 0.7%. Over the trailing twelve months, the stock is still down 18.7%, so the whole gain is recent. A gain that recent still needs an operating reason to hold, and management points to what PayPal lends, not to the checkout button.
Caesars Entertainment gets FTC 2nd request on Fertitta deal
Caesars Entertainment NASDAQ:CZR and Fertitta Entertainment each received a request for additional information about their transaction from the Federal Trade Commission.The companies received the second request on Monday, according to an 8-K filing on Thursday. Caesars NASDAQ:CZR and Fertitta Ente…
Presidio Investors Sells Podium Entertainment To Flexpoint Ford And Shamrock Capital
Presidio Investors has sold Podium Entertainment to Flexpoint Ford and Shamrock Capital, completing an investment that began in 2019 when Podium was an early-stage, founder-led audiobook publisher. GoldState Music is joining the new ownership group as a minority investor. Financial terms of the transaction were not disclosed.
Book review: The shadow politics of US-Africa relations
Can Africa build a mutually beneficial relationship with the US that reshapes decades of transactional security relationships?
Harvest Small Business Finance, LLC Closes Its Seventh Securitization of SBA 7(a) Unguaranteed Portions - $93.1 Million of Offered Notes Rated by Morningstar DBRS
LAGUNA HILLS, Calif., October 01, 2026--Harvest Small Business Finance, LLC ("HSBF") (http://www.harvestsbf.com), one of the top non-bank originators of SBA 7(a) loans, closed its seventh securitization of the unguaranteed portions of owner-occupied primarily first-lien SBA 7(a) CRE loans. Performance Trust Capital Partners, LLC acted as sole structuring agent and initial purchaser, and East West Markets, LLC acted as co-manager for the $93.1 million Harvest SBA Loan Trust 2026-1 transaction ("H
Anthropic drops plans to acquire Israeli AI startup Decart
The companies had discussed a transaction worth roughly $6 billion, but the Claude maker ultimately decided against buying the company after reviewing its business and technology.