Blackstone, Goldman to sell Ipreo for $1.86B to IHS Markit | China, US reportedly form draft deal to lift ZTE ban | NAFTA talks could extend into 2019, Mnuchin says
May 22, 2018
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Blackstone, Goldman to sell Ipreo for $1.86B to IHS Markit
IHS Markit has agreed to buy data provider Ipreo from Blackstone and Goldman Sachs for $1.86 billion. Blackstone and Goldman bought Ipreo in 2014 for roughly $975 million.
Reuters (5/21) 
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National News
China, US reportedly form draft deal to lift ZTE ban
Chinese and US negotiators have agreed on an outline of a compromise under which the US lifts a ban on domestic companies' sales to Chinese telecommunication firm ZTE, sources say. As an alternative, ZTE reportedly must revamp management and might have to pay large fines.
MarketWatch (5/22) 
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NAFTA talks could extend into 2019, Mnuchin says
US Treasury Secretary Steven Mnuchin says talks with Mexico and Canada to update the North American Free Trade Agreement might extend into 2019. He adds that negotiators are "still far apart" on aspects of the agreement.
The Associated Press (5/20) 
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Financial and Tax Update
Cook: SEC best-interest rule would include FINRA role
Examinations by the Financial Industry Regulatory Authority will look at compliance if the Securities and Exchange Commission adopts a best-interest rule for broker-dealers, FINRA President and CEO Robert Cook says. "That said, it's not our rule, so exactly what the rule means and how it gets overseen is something we'll be working closely with the SEC on just as we do for other rules that we monitor for compliance," he says.
ThinkAdvisor (free registration) (5/21),  InvestmentNews (tiered subscription model) (5/21) 
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Senate panel aide Roisman eyed to replace SEC's Piwowar
Elad Roisman, chief counsel to the Senate banking committee, is being considered by the White House as the Republican replacement for Michael Piwowar on the Securities and Exchange Commission, sources say. Roisman's LinkedIn profile says that he was an aide to former SEC member Daniel Gallagher and that he has worked at the New York Stock Exchange.
The Wall Street Journal (tiered subscription model) (5/21) 
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Employment Focus
Opioid abuse in Ind. costly for state, employers
An Indiana University study found opioid misuse costs the state about $4 billion per year and was linked to $752 million in potential lost wages in 2016. Employee absenteeism related to opioid use and the use of prescription pain medications at work are key issues for employers, and Wellness Council of Indiana Executive Director Jennifer Pferrer said the opioid crisis has significantly reduced the ability of businesses to hire skilled workers.
The Tribune-Star (Terre Haute, Ind.) (5/20) 
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Supreme Court and Federal Court Watch
High court: Companies can use arbitration to avoid class actions
Companies can harness arbitration agreements to prevent employees from pursuing class actions over labor disputes, the Supreme Court has found. The court's more conservative justices accounted for the majority in the 5-4 decision.
USA Today (5/21),  The New York Times (tiered subscription model) (5/21) 
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Other Legal News
Boulder, Colo., faces lawsuit following assault-weapons ban
The city of Boulder, Colo., and its council are facing a federal lawsuit less than 24 hours after banning the sale and possession of assault weapons, bump stocks and high-capacity magazines. Plaintiffs in the case allege the ban violates their constitutional rights.
Governing magazine online/Tribune News Service/The Denver Post (5/18) 
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Professional and Business Development
Sports and being a boss have much in common
Sports and being a boss have much in common
(YouTube/John Baldoni)
Business leaders can learn from professional sports coaches, who know strategy is just one aspect of success, notes John Baldoni in this blog post and video. Bosses and coaches "must learn how to bring out the best in their employees, manage up in order to achieve their objectives and engage with the community around them," he writes.
SmartBrief/Leadership (5/18) 
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How to avoid feeling lonely at the top
Leaders often feel isolated and unable to connect personally with employees, writes Art Petty. Finding avenues outside of work to discuss challenges and feelings can help, and so can practicing regular drop-ins to see how employees are doing, he writes.
Art Petty (5/14) 
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PLI News
Examine Key Developments in Education Law and Policy
PLI's 18th Annual School Law Institute will take place on June 7 in New York and via Live Webcast. An experienced faculty will discuss the speech rights of students and teachers, legal developments in special education, what documents count as education records under FERPA and IDEA, and ethical considerations of mobile technology.
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Learn Fundamental Strategies for Providing Effective Pro Bono Representation
PLI's Interactive Learning Center presents Introduction to Pro Bono, an online program that uses an engaging, graphic format to show participants how to prepare for a pro bono assignment and work with a pro bono client; what to consider when communicating with clients; how to handle issues of confidentiality and professionalism; who to turn to when challenges occur or questions arise; and more.
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Editor's Note
Correction
A summary in Monday's edition of PLI SmartBrief mischaracterizes a deal between General Electric and Wabtec. General Electric reportedly was close to completing negotiations to merge its transportation unit with rail-equipment supplier Wabtec, and this venture was expected to be worth more than $20 billion. SmartBrief regrets the error.
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The basis of insincerity is the idealized image we hold of ourselves and wish to impose on others.
Anais Nin,
writer
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