Fri.Oct 06, 2023

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Beyond ChatGPT: Understanding the Trends of Evolving Generative AI For Finance

Emagia

As businesses aim for better efficiency and productivity in today’s highly competitive and volatile markets, innovative technologies like Generative AI (GenAI) are becoming crucial tools for businesses to achieve success and growth. GenAI-enabled products help companies harness the potential of AI models to embrace advanced levels of creativity, productivity, and problem-solving capabilities.

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Fat Tax – Is America About to Start Charging Businesses for Fat Employees?

Due

Breaking news (October 6, 2023): Experts discussing the legitimacy of a fat tax on America Across all ages and backgrounds , obesity is one of the most serious public health issues. In fact, approximately 70% of adults in the United States are overweight. Among them, about one-third are obese. What makes obesity such a risk factor? Many chronic diseases exist, including heart disease, stroke, type 2 diabetes, and certain forms of cancer.

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Guam Heads Into New Fiscal Year With Governor

Reorg Blog

Guam Gov. Lourdes Leon Guerrero is concerned that Guam’s fiscal year 2024 budget, contains provisions that run counter to sound fiscal policy and could undermine the U.S. territory’s standing in the municipal bond market.

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Overcoming challenges in credit control: Strategies for common pain points

Chaser

Credit control is the process of managing a company's outstanding debts and ensuring that customers pay their invoices on time. While it may seem straightforward, credit control can often present challenges for businesses of all sizes. Keeping cash flow steady and minimising debt are key priorities for any business, and effective credit control is crucial in achieving these goals.

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Morgan Stanley Prices Brightline Florida’s $770M Nonrated Issuance

Reorg Blog

Today, Wednesday, Sept. 27, Morgan Stanley priced the $770 mn in AMT, nonrated bonds with a final maturity on July 1, 2057 for the Brightline Florida Passenger Rail Expansion Project.

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Financial Literacy Is a Serious Concern. GravyStack Is Addressing It In an Unexpected Way– Through Play

Due

Financial literacy is a critical skill. However, it’s more difficult to understand how money works than ever before. That’s not to say that there aren’t opportunities to generate wealth. On the contrary, Gen Zers have proven that it’s possible to exercise an entrepreneurial spirit in the 21st century more than ever before. However, the complexities involved with money management are intimidating.

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PREPA Ad Hoc Group Discloses $2.1B

Reorg Blog

Dechert has filed a rule 2019 statement as counsel for the newly-formed PREPA ad hoc group, disclosing total holdings of approximately $2.1 billion of uninsured PREPA bond holdings as of Sept. 22.

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Mashantucket Pequot Tribe’s Will Receive $1.9M Partial Interest Payment

Reorg Blog

UMB Bank, as trustee for the SSRO notes issued by the Mashantucket Western Pequot Tribe in connection with Foxwoods Resort Casino, issued a notice to beneficial owners today detailing the upcoming interest payment scheduled to be made on Friday, Sept. 29, under the indenture dated July 1, 2013.

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Hengda Real Estate Group Reports 1,946 Pending Litigation Cases Involving CNY 449.3B, Total Unpaid Debts CNY 278.5B at End of August

Reorg Blog

The post Hengda Real Estate Group Reports 1,946 Pending Litigation Cases Involving CNY 449.3B, Total Unpaid Debts CNY 278.5B at End of August appeared first on Reorg.

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Finaxy Sees Direct Lenders in Fray With Banks to Lead 6.5x Refinancing of Ardian-Backed Insurance Broker

Reorg Blog

The post Finaxy Sees Direct Lenders in Fray With Banks to Lead 6.5x Refinancing of Ardian-Backed Insurance Broker appeared first on Reorg.

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Holders of Country Garden’s USD Notes Yet to Receive Coupon

Reorg Blog

Two holders of Country Garden Holdings’ $500 mn 6.15% USD notes due Sept. 17, 2025 said they have not yet received the coupon payment.

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Atalian Creditors Appoint Perella Weinberg as Financial Advisor

Reorg Blog

Perella Weinberg Partners has won the mandate to advise a group of Atalian creditors following last week’s pitches.

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Drug Producer Idorsia’s Convertible Notes Drop to Yield 35%

Reorg Blog

Distressed debt investors are monitoring Swiss drug producer Idorsia’s bonds, sources told Reorg.

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