Stock Option Repricing: What Do Tech Companies Need to Know, What Different Forms Do They Take, and How Can Repricing Contribute to a Motivated Workforce?
In Washington: Sen. Chuck Grassley (R-IA) said on Tuesday that he would quarantine after exposure to COVID-19. Grassley added that he was "feeling well" and asymptomatic but that "it’s important we all follow public health...more
So . . . . Nice, quiet week while we were gone, right? Wall Street forecasts are always dicey, but it sure looks like Pfizer’s solid vaccine news (along with this weekend’s newfound presidential certainty) could make for...more
Breaking down Thursday’s GDP report, which—as expected—was gangbusters in isolation but in context shows U.S. economic output “3.5 percent below where it was in the last pre-pandemic quarter, equivalent to a severe recession...more
Wall Street had another come-to-Jesus day over the troubling recent Covid trends, as surging cases throughout the U.S. and across Europe drove markets to their worst performance since June....more
ConocoPhillips is doubling down on its commitment to the Midland basin by buying Concho Resources Inc. in “an all-stock transaction valued at $9.7 billion,” even “as the American shale-drilling industry is facing a downturn...more
New Disney CEO Bob Chapek made one of his biggest moves yet since taking the reins, announcing a realignment “of its business divisions on Monday that placed the focus squarely on Disney+ and its other streaming services as...more
Federal regulators—including the Federal Reserve and the OCC—have fined Citigroup $400 million over “longstanding” failures in the areas of risk management, data governance, and internal controls. In addition to the fine, the...more
The SEC has sued “cybersecurity pioneer John McAfee” for “promoting the sale of cryptocurrencies without disclosing that he was being paid to do so.” McAfee allegedly recommended “at least seven initial coin offerings to his...more
Markets globally and U.S. futures are down as investors digest the news out of D.C. overnight... Jobs Report Friday again. Here’s what we’re watching for in the numbers....more
JPMorgan is preparing to finalize a deal with federal prosecutors and regulators in which the bank would pay nearly $1 billion to “settle civil and criminal charges that its traders rigged futures and securities markets”...more
Microsoft made a huge gaming move on Monday with its $7.5 billion acquisition of ZeniMax Media, the “parent company of gaming studios like Bethesda,” and maker of titles like “The Elder Scrolls, Fallout, Doom, Quake and...more
In Washington - Senate Republican leaders hope to recess for election season by the end of next week, believing that chances for a COVID-19 relief package are slim. Senators anticipate passing only a government funding...more
The latest on the potential Oracle/TikTok deal includes news that the Treasury Department has added requirements addressing “how TikTok’s data and source code would be handled and secured” to any potential deal that the...more
Last Friday’s US Jobs Report saw unemployment fall to 8.4%, but the end of federal aid programs and a solid-but-not-gangbusters 1.4 million jobs gained in August leads many to fear a much worse employment picture ahead....more
Despite an earlier White House promise to postpone, American and Chinese trade negotiators met via videoconference on Monday to discuss “the status of the trade deal both nations signed in January, a pact that continues to...more
In Washington: Sens. Ben Cardin (R-MD) and Marco Rubio (R-FL) led a letter from a group of 31 senators calling on Senate leadership to include an international response to COVID-19 in the next coronavirus package....more
In Washington: The House will now require masks during committee hearings, per new guidance issued by the Capitol physician last night. Speaker Nancy Pelosi (D-CA) had discussed the idea with Democrats during a conference...more
Some rare last-minute SEC intervention forced Hertz to suspend its planned sale of up to $500 million in shares of the bankrupt car-rental company while the agency undertakes a closer review of the offering....more
In Washington - The Centers for Disease Control and Prevention (CDC) urged organizers of large gatherings that involve shouting, chanting, or singing to “strongly encourage” attendees to use cloth face coverings to lower...more
In Washington: Senate Republicans continue to disagree over unemployment benefits amid a recession. Forty million Americans are unemployed and the $600 additional weekly benefit expires at the end of next month. ...more
In Washington - Senate lawmakers are now saying they won’t pass another coronavirus relief package before the August recess. Previously, members said they were aiming to have something finalized for the 4 July recess but...more
In Washington - The House will be in session on Wednesday and Thursday and is expected to vote on two bills dealing with the Paycheck Protection Program (PPP) giving small businesses more flexibility in the use of the...more
In Washington: Speaker Nancy Pelosi (D-CA) and House Majority Leader Steny Hoyer (D-MD) released the details of their emergency remote proceedings. The plan temporarily implements remote committee proceedings, remote...more
In Washington: As we reported, House Democrats unveiled their $3 trillion “Phase 4” coronavirus stimulus package, H.R. 6800, the “Health and Economic Recovery Omnibus Emergency Solutions Act” or the “The Heroes Act.” ...more
In Washington: COVID-19 cases may not peak in the D.C. region until mid- or even late May. The Senate is back in session, but it may be a while before the House returns as leaders have not reached a bipartisan agreement on...more