FEI Weekly

September 30, 2020

Phishing emails look more legitimate than ever before and the LVMH-Tiffany saga, explained.

The LVMH-Tiffany Saga, Explained

CNBC

Louis Vuitton owner LVMH said Tuesday it had filed a countersuit against Tiffany in a bid to walk away from the $16.2 billion takeover that would have been the biggest ever in the luxury industry. The announcement is the latest in a saga that saw the Louis Vuitton owner scrap the acquisition in early September. In a statement at the time, France’s LVMH said that it would not be able to complete the acquisition of Tiffany “as it stands.”

JPMorgan to Pay Record $920M Over 'Spoofing' Scandal

Markets Insider

JPMorgan agreed to pay $920 million, the largest Commodity Futures Trading Commission (CFTC) monetary penalty ever, and admit wrongdoing to resolve a case over claims of market manipulation in the trading of precious metals and Treasury securities. The case relates to the practice of "spoofing," where traders put in large orders to buy or sell a security with no intention of executing them, creating the appearance of demand or supply for a particular asset and helping move that asset in the trader's desired direction.

Phishing Emails Look More Legitimate Than Ever Before

pymnts.com

In a report by OpenText, researchers found that one-quarter of Americans was targeted in a coronavirus-related phishing email attempt, and more than three-quarters said they have opened emails from unknown senders. 59% of survey respondents agree that phishing emails look more legitimate than ever before.

Measuring Blockchain Success

Forbes

Many successful blockchain companies are continually reshaping their respective industries, such as decentralized finance, healthcare, insurance, gaming and supply chain, just to name a few. We’re early. You haven’t missed out on the blockchain wave, so if you have the right team for your project and the right industry at the right time to disrupt, your success can follow.

If You Have to Be Indoors...

Vox

As Derek Thompson observes in the Atlantic, a lot of places have put on a big show about cleaning surfaces — what he calls “hygiene theater” — though surface contamination is not thought to be a large source of Covid-19 transmission. And though we can’t ventilate and air purify our way out of the need to wear masks, reduce occupancy in indoor spaces (or just avoid many of them all together), and physically distance, ventilation and air filters can work too — if used properly. If ventilation isn't possible, try filters with a MERV-13 designation or higher or use a portable HEPA filter.