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Goldman Sachs ETF Accelerator launches GMO's first ETF

Goldman Sachs announced its Goldman Sachs ETF Accelerator has introduced GMO's inaugural ETF. Known as the U.S. Quality ETF, it draws on GMO's investment expertise to focus on U.S. high-quality stocks, providing efficiency, transparency, and liquidity inherent in the ETF structure. This latest development occurred as part of Goldman Sachs' ongoing commitment to innovating within the financial sector.

Goldman Sachs introduces Marquee MarketView

Goldman Sachs announced the launch of Marquee MarketView, a visual analytics dashboarding ecosystem accessible through Marquee, their digital platform. The tool is designed for the exploration, consumption, and sharing of insights from institutional investors and eligible corporate clients. This initiative was taken in an effort to provide more accessible and comprehensive data analytics for its clients.

Bank of America enhances car shopping experience with digital tools

``` Bank of America announced a new feature allowing clients to prequalify for auto financing without affecting their credit scores, providing information on potential borrowing amounts and estimated terms. The bank's Digital Car Shopping tool has also been enhanced with improved search functions, electric vehicle inventory filtering, integrated loan applications, and in-platform CARFAX™ reviews. This innovation is in line with the bank's commitment to simplifying finance processes for its clients.

JPMorgan Chase completes final steel beam at 270 Park Avenue HQ

JPMorgan Chase announced the completion of the framing for its global headquarters at 270 Park Avenue with the raising of the final steel beam, a 1,388-foot structure. JPMorgan Chase Chairman & CEO Jamie Dimon, New York Governor Kathy Hochul, New York City Mayor Eric Adams, and local officials were present at the event. The headquarters will house approximately 14,000 employees upon completion.

Arlington Capital Partners acquires Exostar from Thoma Bravo

Thoma Bravo announced that Arlington Capital Partners has successfully concluded the acquisition of Exostar, LLC from Thoma Bravo, marking the completion of the deal. Exostar is a provider of cloud-based secure business collaboration software catering to regulated industries such as aerospace and defense, healthcare, life sciences, banking, financial services, and insurance. This acquisition provides Arlington with a new opportunity to expand its footprint in the technology industry.

OpenAI reaches 'agreement in principle' to reinstate Altman after ousting the CEO five days prior

After a turbulent five days, Sam Altman will again lead OpenAI as CEO. The move comes after employee threats to quit and an offer from Microsoft to Altman. OpenAI tweeted late November 21 that they had reached an agreement for Altman's comeback and a new board structure.

As WeWork goes bankrupt, other co-working spaces continue to grow in the Chicago-area

The global office-sharing company WeWork and several hundred of its affiliates recently filed for Chapter 11 bankruptcy protection in federal court. The case was filed in the US Bankruptcy Court for the District of New Jersey on November 6. This comes amidst a general upswing in the co-working space industry, with other major players showing strong financial growth.

H.I.G. Capital concludes Tastes on the Fly sale

H.I.G. Capital announced the sale of its portfolio company, Tastes on the Fly, to Paradies Lagardère, the North American travel retail division of the publicly traded Lagardère Group, on the French stock exchange. The financial advisory role for Tastes on the Fly was undertaken by William Blair & Company, while legal counsel for H.I.G. and Tastes on the Fly in the transaction was provided by Kirkland & Ellis.

Wells Fargo and Enterprise announce $20m housing innovation winners

Wells Fargo announced the winners of the 2023 Housing Affordability Breakthrough Challenge, a $20 million competition initiated by the Wells Fargo Foundation and Enterprise Community Partners (Enterprise). Six organizations secured grants ranging from $2 million to $3 million each, along with support from peers and industry experts, to amplify their innovative housing solutions and enhance home accessibility and affordability nationwide.

Wells Fargo partners with team Rubicon to train Veterans to rebuild homes

Wells Fargo announced the Wells Fargo Foundation in providing a $750,000 grant to establish the Team Rubicon TRades Academy. The TRades Academy initiative aims to equip individuals with trade skills, such as contracting, electric, plumbing, and HVAC, for application in various communities, particularly in the aftermath of natural disasters, according to a press release by Wells Fargo.

BofA doubles support for veteran loan fund

Bank of America announced a doubling of its two-year commitment to support the Veteran Loan Fund in its second round. The Veteran Loan Fund, a national collaboration involving various Community Development Financial Institutions (CDFIs) and specialized veteran service organizations, offers responsible capital and technical assistance to underserved veteran entrepreneurs, according to a press release by Bank of America.

Goldman Sachs 10,000 Small Businesses invests $100 million in rural Arkansas

Goldman Sachs announced its 10,000 Small Businesses is extending its $100 million Investment in Rural Communities initiative, launching in Arkansas. Additionally, it is committing $20 million to the community development financial institution (CDFI) Hope Enterprise Corporation, according to a press release by Goldman Sachs.

Nasdaq acquires Adenza

Thoma Bravo announced that Nasdaq has successfully concluded the acquisition of Adenza from Thoma Bravo. Adenza is recognized for delivering essential risk management, regulatory reporting, and capital markets software to the financial services sector, according to a press release by Thoma Bravo.

New York U.S. Rep. Espaillat honors Flying Food Group for 'positive impact' in East Harlem

U.S. Rep. Adriano Espaillat (D-NY) has honored Flying Food Group for donating book bags and laptop computers to 500 students in East Harlem.

Wells Fargo and Allspring partner to support Native American communities though fund share class

Wells Fargo & Company has teamed up with Allspring Global Investments to introduce a Tribal Inclusion share class for the Allspring Government Money Market Fund. According to Wells Fargo, this share class will be exclusively available to its corporate clients.

T-Mobile's Un-carrier program reaches network milestone by covering 300 million people with ultra capacity 5G months ahead of schedule

In a recent development, T-Mobile, the leading telecommunications company, has outperformed industry expectations with its Q3 2023 results. This success is attributed to significant customer growth propelled by exceptional network quality and value proposition within its unique growth areas.

2023 Basser Global Prize recipient: ‘It is an honor to be recognized with this award from the Basser Center’

The Basser Center for BRCA at the Abramson Cancer Center of the University of Pennsylvania has declared Kenneth Offit, MD, MPH, as the recipient of their 2023 Bassar Global Prize. "It is an honor to be recognized with this award from the Basser Center, which is making a difference for patients with inherited BRCA1 and BRCA2 mutations across the world," said Kenneth Offit.

Apple announces a new MacBook Pro lineup featuring the all-new family of M3 chips

Apple has announced a new lineup of MacBook Pro laptops featuring the all-new family of M3 chips. The M3 family incorporates advanced GPU architecture and enhanced CPU speed, resulting in improved performance and impressive new features.

Klick Labs' researchers develop voice-analyzing AI model to diagnose diabetes

A new study conducted by Klick Labs has discovered a groundbreaking method for an AI model to analyze short voice recordings and diagnose patients with Type 2 diabetes. This breakthrough has the potential to significantly reduce the time and cost associated with diagnosing the disease.

Microsoft Siemens are deepening their partnership by bringing the benefits of generative AI to industries worldwide

Microsoft and Siemens are strengthening their collaboration to introduce the benefits of generative Artificial Intelligence (AI) to global industries. The partnership involves Microsoft's Azure OpenAI Service, which powers Siemens Industrial Copilot, drastically reducing simulation times from weeks to minutes while maintaining user control over data.