Elizabeth Lim

M&A, Private Equity, IPOs, markets and the economy. Ex-@Mergermarket, former development economist. UC Berkeley and LSE alum. Views my own.

[Elizabeth Lim @elizabethklim]

It’s been a “five Mondays” kind of week and now I’m going to pretend it’ll be a “five Saturdays” kind of weekend to console myself

[Elizabeth Lim @elizabethklim]

Germany now in recession (according to the “traditional” definition)

[World of Statistics @stats_feed]

BREAKING: 🇩🇪 German economy entered recession as first-quarter GDP data is -0.3%.

Recession probability forecast for 2023 was:

🇮🇳 India: 0%
🇮🇩 Indonesia: 2%
🇸🇦 Saudi Arabia: 5%
🇨🇳 China: 12.5%
🇧🇷 Brazil: 15%
🇨🇭 Switzerland: 20%
🇪🇸 Spain: 25%
🇲🇽 Mexico: 27.5%
🇰🇷 South Korea: 30%
🇯🇵 Japan: 35%
🇷🇺 Russia: 37.5%
🇦🇺 Australia: 40%
🇿🇦 South Africa: 45%
🇫🇷 France: 50%
🇨🇦 Canada: 60%
🇮🇹 Italy: 60%
🇩🇪 Germany: 60%
🇺🇸 US: 65%
🇳🇿 New Zealand: 70%
🇬🇧 UK: 75%

[Elizabeth Lim @elizabethklim]

Does anyone even use coins anymore (let alone cash)?

[Jason Furman @jasonfurman]

Paper money is printed by the Bureau of Engraving and Printing for the Federal Reserve (it says "Federal Reserve Note" on it).

But coins are produced by the Mint for the Treasury.

The Treasury cannot print money (or issue reserves). But it can mint as many coins as it wants.

[Elizabeth Lim @elizabethklim]

A brain implant helped a man with paralysis walk more naturally. A “neurorehabilitation” training program while using the device led to mobility improvements even with the brain-spine interface turned off, suggesting new nerve connections developed. https://t.co/iNITSoJZ53

[Elizabeth Lim @elizabethklim]

Musk has said he’ll be stepping down as CEO of Twitter (X) but will be transitioning to CTO and executive chair.

[Joanna Stern @JoannaStern]

NBCUniversal’s head of advertising Linda Yaccarino is in talks to become the new CEO of Twitter, according to people familiar with the situation https://t.co/mLVsaZLfcZ

[Mei Fong @meifongwriter]

Why are so many Asian-American women called ‘Connie’? Love this piece on how TV reporter Connie Chung became a vehicle for so many immigrant mothers’ hopes for their daughters— and their quest for a sense of belonging. #AAPIMonth #Joyluck https://t.co/fSZExqPAW5

[The Wall Street Journal @WSJ]

Breaking: Carl Icahn's investment company is under investigation by federal prosecutors. A short seller's report said it was inflating the value of its assets. https://t.co/jNQE5ohNSh

[Sam Ro 📈 @SamRo]

this terminal even has a room for shareholders of regional banks

[WSJ Private Equity @WSJPE]

Private-equity firms will have to report more information to regulators under new rules adopted Wednesday by the SEC, though the rules don’t take effect immediately
https://t.co/nLGkNcFv3n

[Elizabeth Lim @elizabethklim]

JPMorgan's takeover of First Republic fuels M&A expectations. "Banks will consolidate," says Jamie Dimon https://t.co/vpojzrkAOJ

[Reuters @Reuters]

NYSE to delist First Republic Bank shares https://t.co/Ib4f2qFTRi

[Elizabeth Lim @elizabethklim]

This is the second-largest bank failure in US history, after Washington Mutual in 2008 — which had also been bought by JPMorgan.

[The Associated Press @AP]

BREAKING: Regulators have seized First Republic Bank and sold it to JPMorgan Chase. https://t.co/m1HRiXYEXh

[Elizabeth Lim @elizabethklim]

JPMorgan and PNC are among the possible bidders for First Republic this weekend

[The New York Times @nytimes]

Breaking News: Regulators are said to be racing to find a buyer for First Republic Bank before markets open on Monday, in a bid to end the banking crisis. https://t.co/EyTNttByku

[Reuters @Reuters]

UK blocks Microsoft $69 billion Activision deal over cloud gaming concerns https://t.co/hvmnhGPWhw

[Elizabeth Lim @elizabethklim]

Women CEOs at Big Companies Finally Outnumber Those Named John https://t.co/iPsayR0E1m

[Elizabeth Lim @elizabethklim]

Twitter “no longer exists” as a company, merges into Musk’s X Corp https://t.co/Nbru1hdtuA

[Elizabeth Lim @elizabethklim]

Samsung to cut memory chip output to tackle global glut as profits tumble 96%, lowest since 2009 https://t.co/cQoGnrMt7d

[Elizabeth Lim @elizabethklim]

Bank failures and rescue test Yellen's decades of experience https://t.co/33rNFTWqCa

[Elizabeth Lim @elizabethklim]

Cramer is saying Deutsche Bank is going to be fine … you know what that means 😬

[Stocktwits @Stocktwits]

Fed raises interest rates by 25 bps, as anticipated.

[Elizabeth Lim @elizabethklim]

UBS plans to rein in Credit Suisse's investment bank after racking up losses in recent years https://t.co/9DubrCVJys