U.S. corporate bond, IPO markets heat up as recession fears persist

Reuters | September 11, 2019

Corporate America appears to be rushing to get the most out of the decade-long bull market in stocks and bonds before a possible recession and election-year stock market volatility slam the IPO and credit windows shut. Approximately 70 companies have registered with the U.S. Securities and Exchange Commission to go public, according to estimates from Renaissance Capital, while $72 billion in investment-grade corporate debt – a figure nearly as large as the total issuance in August - was issued last week, according to data from Dealogic. The rash of new deals comes as the U.S.-China trade war weighs on the global economy, helping push 30-year Treasury yields to record lows and increasing fears of a global economic slowdown. U.S. manufacturing activity contracted for the first time in three years in August, while construction spending barely rose in July, helping send business confidence lower, according to the Institute for Supply Management.

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CAPITAL REGION ‚" Federal workers and others in our area are watching Washington D.C. closely as yet another government shutdown looms.The impasse centers on whether the federal government will continue to fund Planned Parenthood, which has recently been embroiled in controversy after videos surfaced discussing the sale of fetal tissue.

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CAPITAL REGION ‚" Federal workers and others in our area are watching Washington D.C. closely as yet another government shutdown looms.The impasse centers on whether the federal government will continue to fund Planned Parenthood, which has recently been embroiled in controversy after videos surfaced discussing the sale of fetal tissue.

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GOVERNMENT BUSINESS

New Lobbying Firm to Provide Brokers with a Voice and Advocacy in Local and Federal Government

Association of Independent Mortgage Experts (AIME) | March 11, 2022

The Association of Independent Mortgage Experts (AIME) released that the organization will be working with a new lobbying firm, Forbes Tate Partners (FTP). Focused on communication and engagement strategies to reach and engage key audiences, FTP is a bipartisan, comprehensive public affairs firm specializing in government relations, traditional and digital communications, grassroots advocacy, third-party coordination, insights, polling, coalition management, and business development. The broker community is thrilled that Forbes Tate will represent our interests in government affairs. The strategies they're advancing will effectively suit our needs by growing our footprint, increasing our impact, and building our reputation exponentially. Additionally, they will help us fight for a voice for the broker channel and champion consumers from all backgrounds." Katie Sweeney, CEO of AIME FTP's Senior Vice President, Kelley Williams, will serve as the lead lobbyist; previously, Kelley was the VP of Government Affairs for the Mortgage Bankers Association (MBA). Additionally, FTP’s Jeff Strunk, Managing Director, and Trevor Hanger, Senior Vice President, will also act as an adviser. “We are eager to support AIME's ambitious goals and the direction their advocacy work for both mortgage brokers and diversified consumers is heading in,” said Williams. AIME launched its Government Affairs Committee in 2021 and has made significant progress since then. In addition to expanding and scaling the organization, FTP will address the most critical issues impacting the broker channel and multifaceted consumers today. In the short term, AIME plans to create a Consumer Advocacy Committee with Subcommittees focused on Black, Hispanic, and Veteran Homeownership, and will continue to focus on issues that brokers face on both a local and national level. “Several exciting updates will soon be available, including the opportunity for this group to dig deeper into specific lobbying initiatives," said Brendan McKay, President of Advocacy. “The fact that black homeownership is at a low point compared to a decade ago, the wealth gap between Hispanic and white Americans persists, and Veterans are often taken advantage of when obtaining a mortgage or refinancing should be our focus, as well as other challenges the broker community faces." About Association of Independent Mortgage Experts The Association of Independent Mortgage Experts (AIME) is a non-profit, national trade membership association created exclusively for independent mortgage brokers. With over 40,000 members, AIME is committed to establishing a community of independent mortgage experts by creating an association that empowers them with unparalleled technology, continued education, and networking support necessary to successfully advise consumers nationwide with their residential mortgage needs. AIME operates with a growth-focused strategy, providing tools and resources to propel the wholesale channel beyond a 25% share of the mortgage market in 2022 and beyond.

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GOVERNMENT BUSINESS

Arthur selected to provide critical AI performance capabilities for Department of Defense

Arthur | February 19, 2022

The Joint Artificial Intelligence Center (JAIC) has selected Arthur to deliver its industry-leading AI performance management solution as part of the Test and Evaluation (T&E) Blanket Purchase Agreement (BPA,) a $249M effort to accelerate production AI capabilities across the Department of Defense (DoD). This new vehicle will allow the DOD to leverage the Arthur platform for AI monitoring and optimization to deliver better results with accuracy, explainability, and fairness. Arthur's world-class research team has pioneered exclusive capabilities in computer vision, natural language processing (NLP), bias mitigation, and other key functional areas. With the rollout of the DoD's Ethical AI Principles—Responsible, Equitable, Traceable, Reliable, Governable—in February 2020, ensuring the appropriate foundation is in place for production AI capabilities is paramount. The Arthur team brings considerable expertise and commitment to the federal government, having successfully worked with DARPA, the IC, NSF, NIST, ARPA-E, Treasury, Air Force, Army, and Navy. About Arthur Arthur is the AI Performance Company. Our platform measures and improves machine learning models to deliver better results. We help data scientists, product owners, and business leaders accelerate model operations to optimize for accuracy, explainability, and fairness. Arthur's research-led approach to product development drives exclusive capabilities in computer vision, NLP, bias mitigation, and other critical areas. At Arthur, we're on a mission to make AI work for everyone, and we are deeply passionate about building ML technology to drive responsible results. About the DoD Joint Artificial Intelligence Center The Department of Defense (DoD) Joint Artificial Intelligence Center (JAIC) was established in 2018 to be the focal point of the DoD Artificial Intelligence (AI) Strategy to accelerate scaling AI and its impact across the Department. The mission of the JAIC is "to accelerate the delivery of AI-enabled capabilities, scale the Department-wide impact of AI, and synchronize DoD AI activities to expand Joint Force advantages." Working closely with the Services, Combatant Commands, and other Components, JAIC identifies appropriate use cases for AI across DoD, rapidly pilots solutions, and scales impact across its enterprise.

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GOVERNMENT BUSINESS

Puppet Deepens Commitment to Government Agencies with Enhanced Support and Availability

Puppet | November 01, 2021

Puppet, the industry standard for infrastructure automation, is increasing the availability of Puppet Enterprise on preferred government purchasing vehicles through a new relationship with Carahsoft. This partnership will make Puppet’s flagship product available to organizations like the General Services Administration (GSA) Schedule 70 and numerous other federal, state and local contracts. Puppet is a trusted partner of the U.S. government and is deeply committed to enhancing security in government cloud operations as well as helping government agencies maintain agility. More than 50% of U.S. Federal cabinet departments and 7 of 10 contractors use Puppet. Many of the largest branches of the U.S. government also use Open Source Puppet or Puppet Enterprise, including the U.S. Navy, Air Force, Federal Bureau of Investigation, Defense Information Systems Agency, Health and Human Services, National Institute of Health, Internal Revenue Service, Department of Energy and the National Security Agency. “Puppet has long been committed to faster, more secure delivery and we’re eager to see more agencies and contractors get the same benefits as their counterparts in the private sector,” said Melissa Palmer, vice president of public sector sales. “Puppet Enterprise has already seen widespread government adoption from military branches, and intelligence agencies. Through our partnership with Carahsoft, we’re looking forward to helping even more agencies and contractors receive the same security and delivery benefits.” Federal agencies can leverage Puppet Enterprise to rapidly deploy new applications while maintaining infrastructure integrity and availability. Puppet Enterprise delivers the most comprehensive feature set for government agencies who want to quickly start or scale their transformation initiatives, with modern automation tools that provide continuous, intelligent compliance required to meet mission goals. “We are pleased to offer Puppet’s infrastructure automation solutions through our GSA Schedule and authorized reseller partners. IT automation is the key Government DevOps teams are seeking to manage and scale infrastructure across their organization.” Will Jones, Senior Vice President of Virtualization Solutions at Carahsoft In addition to wide contract availability, Puppet Enterprise supports critical government standards, enabling the Department of Defense to automate and enforce compliance with configuration standards and security and privacy controls. Puppet Enterprise provides powerful capabilities such as FIPS 140-2 certification, reporting and compliance, role-based access control, extended platform support, orchestration and workflow, code management and enterprise support. DoD agencies can achieve rapid and continuous compliance with DISA STIGs and NIST SP 800-53 by automating configuration management and enforcing desired state as often as needed, up to every thirty minutes. Puppet Enterprise also advances DevSecOps capabilities by incorporating security into the entire application and infrastructure development cycle. Mission-critical programs, such as DCGS-A, rely on Puppet to ensure continuous compliance through deployment and enables government agencies to automate repetitive tasks, quickly deploy critical applications, proactively manage infrastructure across all major operating systems, on-prem or in cloud environments. About Puppet Puppet helps enterprises modernize and manage their infrastructure with the solutions to automate anywhere, reliably scale, and integrate compliance and security across hybrid infrastructure. More than 40,000 organizations — including more than 80 percent of the Global 5000 — have benefited from Puppet’s open source and commercial solutions to ensure business continuity, optimize costs, boost compliance and ensure security, all while accelerating the adoption of DevOps practices and delivery of self-service. Headquartered in Portland, Oregon, Puppet is a privately held company with offices in London, Belfast, Singapore, Sydney and Timișoara.

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