The CFO’s Response to Coronavirus Uncertainty

Joseph B. Hash

The coronavirus could ...

The coronavirus can 

The coronavirus may 

Could. Can. May.

Projections about the spread of the virus (now at the edge of pandemic proportions), about its long-term implications on the global economy and on U.S. markets, are, in a word, uncertain. And if there’s one thing the business world hates, it’s uncertainty. (Recent stock market declines are the most tangible example of this hard and fast rule.)

Private equity, in particular, has an acute allergy to uncertainty. Due diligence, detailed market projections, investment theses — they’re all designed to strip deals of uncertainty given

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Popular ‘Detox Tea’ Marketer Hit Over Disclosures

Joseph B. Hash

The Federal Trade Commission has agreed to settle charges with the marketers of a line of tea and skin-care products who made unsubstantiated claims that their products would help consumers lose weight and fight cancer. The FTC also said Teami also did not adequately disclose payments to social media influencers who promoted the products.

In a statement, the FTC said Teami, and its owners, Adi Halevy and Yogev Malul, claimed “without reliable scientific evidence” that their Teami 30 Day Detox Pack would also help consumers, “clear clogged arteries, decrease migraines, treat and prevent flus, and treat colds.”

The FTC also

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10-Year Treasury Hits Record Low on Virus Fears

Joseph B. Hash

Investors spooked by the coronavirus outbreak continued to flock to the safe haven of government debt on Friday, driving the yield on the 10-year Treasury note to record lows.

After sinking to an all-time low of 0.6572% early in the day, the yield on 10-year debt bounced back to around 0.74%. The 30-year rate, meanwhile, plunged as much as 34 basis points to 1.2036%.

As CNBC reports, “The plunge in yields came amid an exodus from stocks as disruptions to businesses around the world on the back of the coronavirus outbreak heighten fears of a global slowdown.”

Financial markets have

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Vatican Confirms First Case of Coronavirus

Joseph B. Hash

ROME—The first coronavirus case in the Vatican was confirmed on Friday, as the epidemic continued to spread in Italy.

The Vatican spokesman, Matteo Bruni, said that a patient of the Vatican City’s on-site health facility had tested positive for the new coronavirus on Thursday and that the Italian authorities had been informed.

The Vatican…

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