BRP AMENDS AND EXTENDS ITS TERM FACILITY

Valcourt, Québec, February 4, 2020 – BRP (TSX:DOO; NASDAQ:DOOO) announced today an amendment and extension of its existing U.S.$1,235.0 million term facility providing for the consolidation of the facility into a single tranche bearing interest at a rate of 200 basis points over LIBOR. This represents a reduction of 50 basis points for the portion […]

Peloton Announces Settlement Of Litigation Against Flywheel Sports, Inc.

NEW YORK, Feb. 4, 2020 /PRNewswire/ — Peloton (NASDAQ: PTON), the world’s largest interactive fitness platform, today announced that it has settled its patent infringement litigation against Flywheel Sports, Inc. “We’re very excited to have registered a massive win in our fight to protect Peloton’s intellectual property. This result reinforces the strength of our patent portfolio […]

United States and Japan Sign Memorandum of Cooperation Strengthening Energy and Infrastructure Finance and Market Building

Tokyo – Today the U.S. Department of the Treasury and the Ministries of Economy, Trade and Industry, and of Finance, of Japan, signed the Memorandum of Cooperation (MOC) on Strengthening Energy and Infrastructure Finance and Market Building. Signed during a meeting between U.S. Treasury Under Secretary for International Affairs Brent McIntosh and Ministry of Finance […]

Statement from United States Treasury Secretary Steven T. Mnuchin on President Trump’s State of the Union Address

Washington – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today following President Trump’s State of the Union Address: “President Trump’s message tonight was clear: he is delivering on his promises to the American people. As a result, families are taking home more money in their paychecks, businesses are investing, the economy is […]

FTC Seeks Public Comment as Part of its Review of the Funeral Rule

The Federal Trade Commission is seeking public comment on whether to make changes to its Funeral Rule as part of the agency’s systematic review of all current FTC rules and guides. The Funeral Rule, enacted in 1982, protects consumers from unfair and deceptive practices in the sale of funeral products and services. Consumers in the […]

Assistant Secretary Michael Faulkender Economy Statement for the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association

The U.S. economic recovery, the longest on record at 10½ years, maintained its momentum at the end of 2019.  According to the advance estimate, real GDP grew by 2.1 percent in the fourth quarter, matching the pace in the third quarter.  On a fourth quarter over fourth quarter basis, the U.S. economy grew by 2.3 […]

FTC Files Suit to Block Edgewell Personal Care Company’s Acquisition of Harry’s, Inc.

The Federal Trade Commission today authorized staff of the Bureau of Competition to file suit to enjoin Edgewell Personal Care Company’s proposed $1.37 billion acquisition of its key competitor, Harry’s, Inc. The Commission’s complaint alleges that the proposed combination would eliminate one of the most important competitive forces in the shaving industry. The loss of […]

FTC, FDA Sign Joint Statement Promoting Competition in Markets for Biologics

Federal Trade Commission Chairman Joseph J. Simons today joined Food and Drug Administration Commissioner Stephen Hahn in signing a joint statement promoting competition in biologics markets. “Biologics are essential to the treatment of many serious illnesses. Practices in biologics markets are delaying the availability of biosimilar products, thereby depriving patients of the benefits of competition, […]

FTC and DOJ Extend Deadline for Public Comments on Draft Vertical Merger Guidelines, Announce Two Related Public Workshops

The Federal Trade Commission and the Department of Justice are extending the Feb. 11, 2020 deadline for comments on the draft Vertical Merger Guidelines. The deadline is now Feb. 26. The FTC and DOJ also announced two upcoming joint public workshops on the Draft Vertical Merger Guidelines. The first workshop will take place on March […]

Operators of Comparison Shopping Website Agree to Settle FTC Charges Alleging Deceptive Rankings of Financial Products and Fake Reviews

The operators of a website that compares student loans and other financial products have agreed to settle Federal Trade Commission allegations that they misled consumers to believe their website provided objective product information, when in fact they offered higher rankings and ratings to companies that paid for placement. In an administrative complaint against Delaware-based LendEDU […]