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13.11.25 - 13:54
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White House, FTC Turn Up The Heat On Institutional Shareholder Services & Glass Lewis (ZeroHedge)
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White House, FTC Turn Up The Heat On Institutional Shareholder Services & Glass Lewis
Federal scrutiny of proxy-advisory firms and major index-fund managers intensified this week, following reports that the White House is weighing new measures to rein in their growing influence over corporate America, as well as news that the Federal Trade Commission just launched a preliminary investigation into whether these firms violated U.S. antitrust laws by influencing shareholder votes on politically sensitive issues.
On Tuesday, the Wall Street Journal reported that White House officials are discussing an executive order that would restrict proxy-advisory firms such as Institutional Shareholder Services (ISS) and Glass Lewis from certain shareholder-voting recommendations.
These officials are also exploring measures to curb the voting power of large index fund managers such as BlackRock, Vanguard, and State Street, which collectively hold about 30% or more of U.S stocks. One option is to require fun...
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10.11.25 - 15:03
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State Street Acquires PriceStats, Global Leader in Inflation Analytics (Business Wire)
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State Street will leverage PriceStats to develop new, proprietary data products designed to accelerate investment decision making
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced the recent acquisition of its long-term partner, PriceStats, the leading provider of daily inflation statistics derived from digitally-sourced prices for millions of consumer products across the world.
Founded in 2011, PriceStats' proprietary methodology collects price data for millions of products sold by more than 1,500 retailers around the world, offering insights into inflation trends and purchasing power that complement traditional government indicators. Academic research has demonstrated that online prices provide an effective leading indicator and signal of inflation trends. The offering has been a foundational component of the State Street Markets research platform since 2011 and is widely used by institutional investors, economists, and central banks.
PriceStats will become part of State Str...
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