Category: 3. Business

  • Ropes & Gray Represented Samsonite on Its Entry into New Senior Credit Facilities and Its Issuance of €350 Million Senior Secured Notes Due 2033 | News & Events

    Ropes & Gray Represented Samsonite on Its Entry into New Senior Credit Facilities and Its Issuance of €350 Million Senior Secured Notes Due 2033 | News & Events

    Ropes & Gray represented Samsonite Group S.A., a leader in the global lifestyle bag industry and the largest travel luggage company, in connection with the refinancing of the company’s existing senior secured notes and senior secured credit facilities. The refinancing included the issuance of €350 million Senior Secured Notes due 2033, a new $800 million tranche A Term Facility due 2030, a new $494 million tranche B Term Facility due 2032 and a new $850 million Revolving Credit Facility due 2030. The bank financing closed on November 6, 2025 and the bond financing closed on November 11, 2025.

    A cross-border team from Ropes & Gray’s London and U.S. offices advised on the deal. Stefanie Birkmann, a finance partner in New York, led on the bank financing, alongside associates Kavita DeVaney (New York), Hayden Frye (Los Angeles) and Wouter Korevaar (New York). Michael Kazakevich, a finance partner in London, led on the bond financing, supported by associates Daniel Wilson (Boston), Henry Gee (London) and Kennedy Myers (San Francisco). Tax advice was provided by partner David Saltzman, counsel Sara Clevering and associate Elizabeth Sun, all based in Boston.

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  • France and Netherlands mull own versions of Germany’s Sprind innovation agency

    France and the Netherlands are mulling setting up their own versions of Germany’s Sprind innovation agency, which organises multi-stage competitive challenges to invent new technologies and promises to deliver money much faster than conventional funders. 

    The French Ministry for Europe and Foreign Affairs has for the past two years seconded one of its employees to Sprind to see how it operates, and Sprind’s founder is now co-leading a task force to scope out how France could adopt its model. 

    Meanwhile, Sprind agreed earlier this year to launch joint technology challenges with the Swedish innovation agency Vinnova. And the Dutch are also thinking of setting up their own Netherlands Agency for Disruptive Innovation (NADI).

    “The initiatives with France and the Netherlands and Sweden, they are not just ideas. They’re real,” Sprind’s founder Rafael Laguna de la Vera told Science|Business in an interview on the sidelines of the Falling Walls science conference in Berlin on November 7. 

    Mathilde Vivot, who has been seconded to Sprind from the French government, said that “all options are on the table and these scenarios, including Sprind’s model, will be duly analysed by a common task force.” 

    That task force will be led by de la Vera and Nicolas Dufourcq, chief executive of Bpifrance, a public investment bank, and will officially start work next week. Last month, Sprind and Bpifrance signed a memorandum of understanding to work more closely together, and launch joint calls for proposals. 

    For now, it’s not clear if France will set up an entirely new agency, or simply get Bpifrance or other funders to adopt some of Sprind’s ideas. 

    “That’s all to be decided,” said de la Vera, although he hopes France will indeed set up a new institution. “I think we have to create something new,” he said, because although Bpifrance was “doing a marvellous job for 20 years,” it is not an innovation agency. 

    On the other hand, Bpifrance has “achieved a level of freedom that I am even envious of. They’re like a private entity. I’m sort of half [private] half [public],” he said.

    Ultimately it will be a “political decision” what elements of the Sprind model France adopts, de la Vera said. Regardless of the outcome, Sprind and Bpifrance want to launch joint challenge calls “really quickly,” he added. 

    The Netherlands too

    Dutch efforts are not quite as advanced as French interest. “Right now it’s a commission,” , de la Vera said.

    In July, the previous Dutch government announced a plan to bolster the country’s innovativeness, including scoping out NADI, which would be inspired by Sprind, the UK’s new Advanced Research and Invention Agency, and the US Defense Advanced Research Projects Agency.

    NADI would offer challenge-based programmes involving “temporary teams of top experts from knowledge institutions and the business community. They are given a clear goal, a limited timeframe, and room to experiment,” the plan says. 

    Following the Dutch general election at the end of October, however, it could take months to form a new government, and it’s unclear to what extent any new coalition will adopt the NADI idea

    Still, the scoping exercise is continuing, with de la Vera travelling to The Hague in mid-December. 

    The Sprind model

    The French and Dutch interest is the latest sign that European policymakers are looking to Sprind to radically shake up the way public innovation and technology development is done. 

    The agency was lauded by former Italian prime minister Mario Draghi in his report last year diagnosing the EU’s economic woes. 

    Draghi wants the EU to fund more “disruptive innovation,” with “a greater use of innovation challenges, similar to those developed by the German Sprind agency.”

    The EU’s own agency, the European Innovation Council (EIC), is next year piloting its own challenges. These draw in part on the Sprind model, which pits teams against each other to develop a real-world technology, with some teams eliminated each year. Aside from challenges, Sprind also has a rolling open call for teams with breakthrough ideas. 

    One of Sprind’s selling points is how quickly it gets money to successful applicants. For its challenges, its target is 14 days from a call closing to winners getting money in the bank. The most driven innovators won’t wait months or even years for more conventional research funding, the agency argues, so speed is essential. 

    De la Vera said he was speaking to Michiel Scheffer, president of the EIC, to help the council speed up its own grants. The EIC hopes to get money to challenge applicants within two months

    “Of course, he has a harder nut to crack than me,” said de la Vera. “We only have one government. He has 27; that’s always a little more complex. And Brussels bureaucracy is probably also a little more complex than the German one.” 

    No BioNTech yet

    For all the attention it has received so far from European policymakers, Sprind is still only six years old, and can’t boast of spawning a breakthrough technology just yet. 

    Still, it has backed a real world project to build the world’s tallest wind turbine, and 28 of its supported companies have so far received Series A or B funding. A five-year assessment in 2024 stressed it would take time before breakthrough companies emerged. 

    “Of course, we want the next BioNTech or something,” said de la Vera, referring to the start-up whose messenger RNA technology underpinned the first Covid vaccine. “If that happens, and it’s public and it has a valuation of €50 billion, nobody will ask questions anymore. But that takes 10, 15 years until that happens. We’re only here for six.” 

    Think tank

    Sprind has also become something of a think tank on innovation policy, as well as a funder, advising the German government on how to make innovation easier and faster.

    It has consulted on reforming German universities’ technology transfer office system, and is also funding a project to create European digital wallets, so that entrepreneurs don’t have to repeatedly visit German government offices to obtain various documents when founding a start-up. It can take new companies up to six months to get a tax number and become operational, said de la Vera.

    “When I started Sprind, I thought it was going to be very simple,” he said. “You just pull out great projects, and then you help them flourish. Then you suddenly recognise that there are so many systematic breaks built into all these systems.” 


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    Asked whether the EU innovators lacked ideas, or the funding to scale them up, de la Vera said that money to grow was the bigger impediment.

    “If you look at the number of patents per capita, we’re good, better than the US,” he said. “But when you look at the number of unicorns, we have a 20th [. . .] and that’s the problem.” 

    This implies that what Europe needs even more than new innovation agencies is a better functioning capital market for new companies. 

    “I wish we had a capital market union,” said de la Vera. “We are also supporting EU Inc [a campaign for a pan-European company structure]. We’re signing the petitions, we’re talking to politicians.”

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  • Auditors warn of funding risks to ITER fusion project

    Fusion for Energy (F4E), the organisation responsible for the EU’s €5.61 billion contribution to the International Thermonuclear Experimental Reactor (ITER) project in 2021-27, has been heavily criticised by auditors for failing to manage increased risks arising from changes to ITER’s scope and milestones made in 2024. These included postponing the end of the assembly phase from 2025 to 2035 and the end of the whole project from 2042 to 2059.

    While auditors have long sounded the alarm about rising costs at F4E, they now say that the organisation has failed to track these new legal, technical and financial risks, which could jeopardise the EU’s funding contribution.

    “F4E’s risk identification process mainly focuses on risks to the project’s operational implementation,” the European Court of Auditors (ECA) says in its latest report. “It does not address horizontal risks – such as the need to restructure the JU [Joint Undertaking] and reallocate human resources to adjust to the 2024 baselines, the disproportionate use of external service providers, topics of resource planning and management, and non-compliance with the EU Staff Regulations or the JU’s ethical framework – in a similar manner.”

    Added to inflation and supply chain pressures, the new baselines for ITER are estimated to cost an additional €4.2 billion in the contributions from the EU, which covers some 45% of the construction costs through its nuclear programme Euratom, and other partners funding F4E’s operational budget.

    “There is a financial risk that the significantly higher F4E contributions may not be sustainably financed by Euratom in the future,” the ECA says. In other words, the Euratom budget will not go up enough to cover the growing cost of the ITER project.

    In a written reply to the audit, F4E acknowledges these additional risks, which it is currently trying to “adequately show” in its risk register. It also points out that the revised plan for ITER presents opportunities.

    “In particular, the use of tungsten in the first wall instead of beryllium, and the redesign of hot cell facilities simplify safety demonstration and long-term operability, while reducing certain important cost drivers,” it says.

    Accounting weaknesses

    The criticism of F4E appears in the ECA’s annual assessment of EU Joint Undertakings, public partnerships set up by the European Commission to achieve strategic research and innovation goals. Financed by EU programmes, they cover areas ranging from global health to clean hydrogen to the circular bioeconomy. 

    Eleven JUs were set up in 2021, with €10 billion in Horizon Europe funding to be matched by private contributions in cash or in kind, for example through the use of data and laboratories.

    The ECA approved their 2024 accounts, but reiterated concerns about accounting and funding shortcomings. 

    “As in previous years, our audit revealed errors that showed weaknesses in the JUs’ management and control systems in respect of the legality and regularity of operational expenditure,” the ECA says in its report. “These errors mainly related to incorrect declarations of staff costs in grant transactions by the JUs’ beneficiaries.”

    Based on a random selection of grant payment and clearing transactions made by JUs under Horizon 2020, Horizon Europe and Digital Europe, the ECA cited errors in the calculation of hourly or daily rates, the reporting of the staff costs of SMEs, and the declaration of subcontracting costs, in part due to the complexity of cost declarations for beneficiaries.

    The auditors previously recommended that the JUs implement a risk-based framework to reinforce controls of the risky beneficiaries and projects. At the end of 2024, only four JUs had finalised such a framework for Horizon Europe grant payments.


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    The ECA also found shortcomings in budget planning for administrative spending, which mostly consists of salaries and routine payments. Two of the Joint Undertakings, the Clean Hydrogen Partnership and the Global Health European and Developing Countries Clinical Trials 3 Partnership (EDCTP3), blamed delays in recruitment procedures, refurbishment contracts and invoice submissions.

    The auditors however pointed out that low implementation rates had already been reported in the past and resulted in the accumulation of unused administrative payment funds, “which may indicate structural issues.”

    Lagging private contributions

    The ECA also observed, once again, that contributions from private partners were falling short for several JUs.

    Under the current long-term budget, through to 2027, the total financial resources for the JUs excluding F4E amount to around €38.5 billion, of which some €17.2 billion comes from the EU. The plan was to have other members contribute up to 123% of EU money, namely €21.3 million.

    Although this is much lower than the 158% target set under the 2014-20 budget, the JUs have on average achieved only 26% of this objective so far.

    Most notably, the European High Performance Computing JU had reached just 0.3% of its €900 million target for 2021-27 at the end of last year. This “threatens the achievement of its overall programme objective to have a strong cooperation with private partners,” the ECA says.

    In the case of the Single European Sky Air Traffic Management Research 3 JU, which aims to modernise air traffic management, the contribution from the European Organisation for the Safety of Air Navigation, its international founding member, stood at 16% of a €500-million under Horizon Europe. The same goes for the Global Health EDCTP3 JU, which has obtained 4% of a promised €400 million, for lack of sufficient contributing partners.

    According to the ECA, this can be partly explained by the slow start of the 2021-27 programmes.

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  • FDA clearance for Philips Cardiovascular Workspace

    FDA clearance for Philips Cardiovascular Workspace

    “Our cloud-enabled Cardiovascular Workspace provides the foundation for future AI enabled tools and workflow insights across the cardiology care continuum,” said Madhuri Sebastian, Business Leader Imaging Informatics at Philips. “With cloud deployment, we are enabling secure remote reading and improving efficiency. Our approach is a true differentiator because it unlocks the ability to scale and innovate through large datasets. This is how Philips is helping health systems deliver smarter, more connected cardiovascular care.”

     

    As Tom C. Nguyen, M.D., FACS, FACC, chief medical executive and Barry T. Katzen Endowed Chair of Baptist Health Miami Cardiac & Vascular Institute shared, “[Health systems are] accelerating AI integration in clinical workflows, focusing on automated imaging analysis, predictive risk modeling and workflow optimization to drive more precise, efficient and proactive cardiovascular care. While the present use of AI in heart care often focuses on operational improvements, the future promises deeper, more meaningful impacts on patient diagnosis and treatment.” [2]

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  • Wall Street set to open lower as markets await data after government reopening – Reuters

    1. Wall Street set to open lower as markets await data after government reopening  Reuters
    2. The big event is going to be the return of official US data  FXStreet
    3. Stocks mixed in afternoon as investors weigh impact of possible data releases  MarketWatch
    4. S&P 500 Forecast: SPX slips as the US government reopens and the wait for data continues  FOREX.com
    5. Missing Data Throw Fed Cuts Into Doubt. What That Means for Stock Markets.  MSN

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  • MAS and SFA Announce FinTech Award Winners at Singapore FinTech Festival 2025

    MAS and SFA Announce FinTech Award Winners at Singapore FinTech Festival 2025

    Singapore, 13 November 2025…The Monetary Authority of Singapore (MAS) and the Singapore FinTech Association (SFA) today announced the winners of the Global FinTech Hackcelerator and the Singapore FinTech Festival (SFF) FinTech Excellence Awards at SFF 2025. The winners, comprising financial institutions, FinTechs, solution providers and individuals, were recognised for their innovative solutions which have the potential to enhance performance and drive change in the financial services industry.

    Global FinTech Hackcelerator

    2 The Global FinTech Hackcelerator, organised by MAS and in partnership with the Global Finance & Technology Network (GFTN), sought innovative and market-ready solutions to address problem statements centred on “Artificial Intelligence (AI) for Financial Services”. The winners of the competition were selected on Demo Day, held on 12 November 2025 during SFF. The 17 finalists pitched their solutions to a panel comprising industry experts across multiple domains (further details on the competition and the judging panel can be found at Annex A).

    3 The top three teams (in alphabetical order and in no order of merit) that will receive S$80,000 each in prize money are:

    Company Name Solution Name Jurisdictions
    ActuaViz ActuaWorks Taiwan
    Claimsio Claimsio Poland
    Oxford Risk Oxford Risk United Kingdom

    ActuaViz transforms insurance product management by converting complex documentation into structured, machine-readable formats. The platform processes regulatory PDFs, pricing spreadsheets, and actuarial models to enable intelligent tools that generate product comparison tables, provide real-time agent support through chatbots, and enable transparent pricing simulations. By automating manual processing workflows, ActuaViz accelerates product development cycles and enhances customer understanding of insurance products.

    5 Claimsio provides AI-native debt collection services designed for SMEs, replacing traditional collection agencies with automated workflows. The solution begins with soft collection methods through multichannel communication and expands to include automated legal filings and integrated FinTech services such as factoring. This comprehensive approach streamlines debt recovery processes, reducing administrative burden and maintaining professional relationships for SMEs.

    Oxford Risk enables banks to deliver hyper-personalised financial services by training AI models with insights into investor decision-making processes. The platform integrates traditional transaction data with behavioural layers including cognitive biases, risk tolerance variations, and decision-making patterns. This enriched dataset allows AI systems to move beyond generic suggestions, delivering strategies that align with each investor’s unique cognitive profile and empowering financial advisers to anticipate client needs and tailor interactions more effectively.

    SFF FinTech Excellence Awards

    7 The Awards, jointly organised by MAS and SFA, and supported by PwC Singapore, recognise innovative FinTech solutions by corporates and individuals. These solutions seek to harness new technologies, create new growth opportunities, promote financial inclusion, and enhance the delivery of financial services.

    8 155 submissions were received this year, and eight winners across six award categories were eventually selected by an international panel of industry experts across multiple domains (more details on the competition and the judging panel are at Annex B).

    9 The winners for the Corporate categories for the SFF FinTech Excellence Awards 2025 are:

    Award Category (Corporates) Company Name
    Emerging FinTech Award Fennech Pte Ltd
    Financial Inclusivity Award WeeFin
    Regulatory Leader Award Cynopsis Solutions Pte Ltd
    Sustainable Innovator Award ESGpedia Pte Ltd
    Thematic – Artificial Intelligence LexisNexis Risk Solutions

    10 The winners for the Individual category recognising FinTech mentors under the SFF FinTech Excellence Awards 2025 are:

    Award Category (Individual) Individual Name Company Name & Position
    FinTech Mentor Award Alice Liu Digital Treasures Center Pte Ltd, CEO and Co-Founder
    Jeeta Bandopadhyay Tookitaki Holding Pte Ltd, COO and Co-Founder
    Louis Liu FOMO Pay, CEO and Founder

    11 Mr Kenneth Gay, Chief FinTech Officer, MAS, “The Global FinTech Hackcelerator and FinTech Excellence Awards stand as a testament to the boundless creativity and vision within our FinTech ecosystem. This year’s remarkable innovations, including cutting-edge AI solutions, underscore the sector’s unwavering commitment to solving real-world financial challenges through technology and expertise. We are delighted to see this initiative continue to empower solutions that drive positive change across the financial landscape. Our heartiest congratulations to all our winners!”

    12 Ms Holly Fang, President of SFA, said, “Congratulations to all the winners of the Global FinTech Hackcelerator and the SFF FinTech Excellence Awards 2025! This year’s winners represent the bold thinking and collaborative spirit that power Singapore’s dynamic FinTech ecosystem. Their innovative solutions showcase how technology can advance financial inclusion, sustainability, and resilience across the industry. We are excited to see how these innovations will further transform and shape the future of fintech in Singapore. As the FinTech landscape continues to expand, SFA is steadfast in building a strong network that connects stakeholders, empowers innovators to push boundaries, and create opportunities that drive sustainable growth while strengthening the global impact of Singapore’s FinTech community.”

    ***



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  • 21shares launches two US crypto index ETFs – Reuters

    1. 21shares launches two US crypto index ETFs  Reuters
    2. Cardano Gains Institutional Visibility Through 21Shares ETF Inclusion  Bitget
    3. Grayscale Says Cardano Is Flexible, Scalable, and Now Solid  The Crypto Basic
    4. Cardano Enters 21Shares FTSE Crypto ETFs as $0.50 Line Decides Path to $0.70  Coinpaper
    5. Cardano Joins 21Shares ETFs, Expanding Institutional Reach  TheTradable

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  • AbbVie Announces 20 Recipients of Migraine Career Catalyst Award™

    AbbVie Announces 20 Recipients of Migraine Career Catalyst Award™

    • As a leader in migraine treatment, AbbVie is committed to addressing the impact of migraine in the workplace.
    • 2025 honorees represent a diverse group of achievers—from teachers and authors to small business owners and aspiring yoga and meditation instructors—each redefining success while living with migraine.
    • Presenteeism accounts for nearly 90% of migraine-related productivity loss, impacting careers, finances, and overall well-being.1

    NORTH CHICAGO, Ill., Nov. 13, 2025 /PRNewswire/ — AbbVie (NYSE: ABBV) today announced the 20 recipients of its second annual AbbVie Migraine Career Catalyst Award™ contest, an initiative that helps people living with migraine pursue their career and professional development goals. Each winner received $2,500 in financial support to invest in opportunities that advance their aspirations, from continued education and training to creating healthier, more supportive work environments.

    Migraine affects one in six people and is present in nearly every workplace. Still, despite its widespread impact and significant costs, awareness and understanding remain limited. Amid these challenges, many people living with migraine continue to redefine what is possible, showing remarkable resilience and advocacy in both their personal and professional lives.

    The contest drew entries from across the United States, with winners representing a broad mix of professions and life stages. Despite the challenges that migraine often presents, each recipient shared a powerful story of resilience, ambition, and commitment to advancing their professional goals. Among the 20 awardees, several shared reflections on what the recognition means to them and how it will help shape their professional paths:

    • “Receiving the AbbVie Migraine Career Catalyst Award is not just a financial boost; it’s a profound validation of my resilience,” said Debbie D., a user interface designer from California who has lived with migraine for more than 40 years and experienced significant stigma in the office. “However, the award shows that my ambition is seen and supported, offering the tools I need to thrive and advance my career without compromising my health. Most importantly, it empowers me to be a visible example to others that it is truly possible to succeed despite migraine.”
    • “I sat in the teacher’s lounge when it hit—my skull tightened, pressure crushing. The words on my computer blurred, my vision fracturing into bursts of color. Stars danced in the corners of my sight,” wrote Garcie C., an educator from Massachusetts who lives with Chronic Migraine. “Winning the AbbVie Migraine Career Catalyst Award means so much to me because it honors not only my journey but also the collective experiences of women navigating motherhood, migraine disability, and work within systems not designed for our realities.”
    • “This award marks the beginning of a new chapter, one filled with purpose and possibility,” said Laura M., a communicator and designer from Indiana whose migraine attacks disrupted her plans to attend law school. “I am grateful for the opportunity to build a career that aligns with who I am while navigating life with migraine.”

    Many people with migraine continue to face stigma, bias and insufficient support in their professional lives.2 The AbbVie Migraine Career Catalyst Award contest was created to help close this gap, providing recognition, resources, and visibility for individuals whose careers have been disrupted by migraine. By supporting their goals, AbbVie is helping to foster greater understanding of the realities of living and working with migraine.

    “AbbVie is helping shift how workplaces and society understand migraine, while empowering individuals to thrive and pursue their goals,” said Jag Dosanjh, senior vice president, AbbVie, and president, neuroscience and eye care. “We recognize that migraine doesn’t just interrupt workdays, it can alter career trajectories. We’re proud to be the only company to offer three treatment options that address the spectrum of migraine and we are continuing to research and drive innovation to uncover new therapies that can help people living with this debilitating disease.”

    For the complete list of 2025 winners, visit www.migrainecareercatalyst.com.

    About AbbVie in Migraine
    AbbVie is the only company with three prescription treatments designed to meet patient needs across the full spectrum of migraine to help patients living with this debilitating disease. However, our commitment to the community goes beyond medicine. Through our research and partnerships with the migraine community – including patients, healthcare providers, and advocacy organizations – AbbVie has a deep understanding of the challenges that people living with migraine can face in the workplace. The AbbVie Migraine Career Catalyst Award contest is an extension of this commitment, empowering people living with migraine to pursue their professional objectives.

    About AbbVie
    AbbVie’s mission is to discover and deliver innovative medicines that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people’s lives across several key therapeutic areas – immunology, oncology, neuroscience, and eye care – as well as products and services in our Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on LinkedIn, Facebook, Instagram, X (formerly Twitter), and YouTube.

    Media Contact:
    Jacqueline Karis
    +1 (310) 486-4993
    Jacqueline.karis@abbvie.com 

    References:

    1. Begasse de Dhaem O, Sakai F. Migraine in the workplace. eNeurologicalSci. 2022;27:100408. doi: 10.1016/j.ensci.2022.100408
    2. Migraine At Work. About. Accessed September 26, 2025. https://migraineatwork.org/about/

    US-NEUM-250114 11/25

    SOURCE AbbVie


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  • Intuit and Cherry Bekaert Partner to Accelerate Mid-Market Business Growth with AI-native Technology and Advisory Services :: Intuit Inc. (INTU)

    Intuit and Cherry Bekaert Partner to Accelerate Mid-Market Business Growth with AI-native Technology and Advisory Services :: Intuit Inc. (INTU)





    Intuit Enterprise Suite provides growing businesses with enterprise-grade power and AI-driven intelligence that simplifies complexities, boosts productivity and profitability

    Cherry Bekaert guides businesses to achieve success, combining the power of innovative solutions with curated advisory services

    MOUNTAIN VIEW, Calif. & RALEIGH, N.C.–(BUSINESS WIRE)–
    Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, today announced a partnership with Cherry Bekaert, a top 20 advisory, assurance, and tax firm, to deliver Intuit Enterprise Suite to the firm’s growing client list of businesses needing a powerful, AI-native, ERP solution that drives growth.

    Together, Intuit and Cherry Bekaert will deliver meaningful client services coupled with Intuit’s AI-native, intelligent ERP platform, which simplifies the complexities of scaling, multi-entity businesses and automates workflows through a modern, intuitive experience. Cherry Bekaert, with an established Accounting Outsourcing practice, will further scale its practice and support clients through every stage of growth by seamlessly upgrading its current QuickBooks clients and bringing new businesses onto Intuit’s business platform.

    “Cherry Bekaert helps clients overcome challenges, deliver efficiencies, and drive growth through the adoption of innovative technologies and forward-thinking advisory services,” said Simon Williams, vice president, accountant segment, Intuit. “This partnership enables Cherry Bekaert to continue to meet the needs of its scaling clients with Intuit Enterprise Suite to streamline workflows and deliver proactive, data-driven insights that drive faster decisions and fuel profitability.”

    Today’s growing mid-market businesses are more complex. They’re often overserved by legacy ERP systems that are expensive, time-consuming and costly to install and learn. Mid-market businesses are also over-digitized, using up to 25 different apps to manage and run their business. This leads to a fragmented tech stack with data silos, resulting in limited visibility into business performance, a lack of integrated workflows, and an inability to make data-backed, confident decisions.

    Intuit Enterprise Suite is transforming how more complex, mid-market businesses grow, eliminating the need for companies to adopt costly, legacy ERPs or juggle multiple applications to manage their operations. It provides businesses with an adaptable, intelligent, AI-native ERP solution that includes multi-entity and multi-dimensional financial management capabilities, business intelligence and reporting, payments and bill pay, project profitability, payroll, HR, and marketing, in one connected, scalable, cloud-based platform. It also provides tailored workflows and reports and connects to an extensive partner ecosystem to create an optimized and customized experience that meets unique, industry-specific needs.

    For Alamo Drafthouse Cinema, Intuit, working alongside Cherry Bekaert, simplified their financial management and reporting with Intuit Enterprise Suite, demonstrating how Intuit’s platform helps businesses stay focused on their top priorities. “At Alamo Drafthouse Cinema, our mission is to be the best cinema by delivering an unforgettable moviegoing experience—and that starts behind the scenes,” said Joseph Edwards, executive vice president, Cojeaux Cinemas, an Alamo Drafthouse Cinema franchise. “Intuit Enterprise Suite streamlines our finances and reporting, delivers insights that guide operations, and allows us to spend less time in the back office, so we can focus on what matters most: our team members and our guests.”

    Intuit and Cherry Bekaert will kick off their partnership in the coming weeks with a series of events in Chicago, Atlanta, Washington, D.C., and Austin, Texas. The events are designed for CFOs, Controllers, and business owners interested in implementing financial strategies that simplify, modernize, and help scale businesses with Cherry Bekaert’s comprehensive advisory offerings and Intuit Enterprise Suite.

    “Cherry Bekaert is focused on reimagining the future for mid-market businesses with our forward-thinking, proactive advisory approach alongside the deployment of innovative, transformative solutions that drive growth,” Matt Brady, chief growth officer, Cherry Bekaert Advisory LLC. “Intuit Enterprise Suite is reimagining ERP software with a disruptive platform solution that meets the needs of complex businesses with end-to-end financial management and workflow automations, reporting, and AI-driven insights, all in one place, that’s simple to access and quick to adopt.”

    About Intuit

    Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. With approximately 100 million customers worldwide using products such as TurboTax, Credit Karma, QuickBooks, and Mailchimp, we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us at Intuit.com and find us on social for the latest information about Intuit and our products and services.

    About Cherry Bekaert

    Cherry Bekaert, ranked among the largest assurance, tax, and advisory firms in the U.S., serves clients across industries in the U.S. and internationally. “Cherry Bekaert” is the brand name under which Cherry Bekaert LLP and Cherry Bekaert Advisory LLC, independently owned entities, provide professional services in an alternative practice structure in accordance with applicable professional standards. Cherry Bekaert Advisory LLC is not a licensed CPA firm. Cherry Bekaert LLP is a licensed CPA firm that provides attest services, and Cherry Bekaert Advisory LLC and its subsidiary entities provide business advisory and non-attest services spanning the areas of transaction advisory, risk and accounting advisory, digital solutions, cybersecurity, and tax. We exercise a deliberate curiosity to know our clients’ industries and work collaboratively to create shared success. For more details, visit cbh.com/disclosure.

    Intuit Media Contact:

    Kim Amsbaugh,

    Kim_Amsbaugh@intuit.com

    Source: Intuit Inc.

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  • Liberty Media Corporation Updates Start Time for Annual Investor Meeting :: Liberty Media Corporation (FWONA)

    Liberty Media Corporation Updates Start Time for Annual Investor Meeting :: Liberty Media Corporation (FWONA)





    ENGLEWOOD, Colo.–(BUSINESS WIRE)–
    Liberty Media Corporation (“Liberty Media”) (Nasdaq: FWONA, FWONK, LLYVA, LLYVK) is updating the start time of its annual Investor Meeting on Thursday, November 20, 2025 with presentations via webcast now beginning at approximately 9:00am P.T. and concluding at 11:30am P.T. During the Investor Meeting, observations may be made regarding the company’s financial performance and outlook, as well as other forward looking matters.

    Presenting companies include Liberty Media, Formula 1, MotoGP and Quint. After the presentations, John Malone, Chairman of Liberty Media, and Derek Chang, President and CEO of Liberty Media, will host a Q&A session at approximately 10:10am P.T. Interested parties are able to submit questions in advance by emailing investorday@libertymedia.com with the subject “Investor Day Question”.

    Virtual registration and webcast information is available on the Liberty Media website at https://www.libertymedia.com/investor-day.

    Immediately following Liberty Media’s Investor Meeting, Formula 1 will be hosting its F1 Business Summit at Wynn Las Vegas in partnership with Liberty Media and CAA – a sports and entertainment summit that will feature a collection of the most influential minds in sports, entertainment, and business. Attendees will enjoy a full day of networking and panel discussions beginning at 12:30pm P.T. and will conclude with closing remarks at 4:15pm P.T. followed by a networking event at the Paddock Club Rooftop. Admission is limited to ticketed attendees only and no webcast will be provided.

    Please note that during the Q&A session at Liberty Media’s Investor Meeting, comments may be made regarding Liberty Broadband Corporation (“Liberty Broadband”) (Nasdaq: LBRDA, LBRDK, LBRDP) and GCI Liberty, Inc. (“GCI Liberty”) (Nasdaq: GLIBA, GLIBK). Investors of each respective company can join the webcast at the aforementioned link.

    An archive of the webcast of the Investor Meeting will also be available on the Liberty Media website after appropriate filings have been made with the SEC.

    About Liberty Media Corporation

    Liberty Media Corporation operates and owns interests in media, sports and entertainment businesses. Those businesses are attributed to two tracking stock groups: the Formula One Group and the Liberty Live Group. The businesses and assets attributed to the Formula One Group (NASDAQ: FWONA, FWONK) include Liberty Media’s subsidiaries Formula 1, MotoGP, Quint and other minority investments. The businesses and assets attributed to the Liberty Live Group (NASDAQ: LLYVA, LLYVK) include Liberty Media’s interest in Live Nation and other minority investments.

    Liberty Media Corporation

    Investor Contact:

    (877) 772-1518

    investor@libertymedia.com

    Source: Liberty Media Corporation

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