Many of the taxpayer-friendly provisions of the tax code introduced by the Tax Cuts and Jobs Act (TCJA) in 2017 are scheduled to expire at the end of 2025, exposing individuals and businesses to the prospect of significantly higher tax liabilities beginning in 2026. While there is a possibility lawmakers will intervene, extending some provisions of the law or making others permanent, it is important to recognize that we are in an election year when the winds of political...

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Wilson Sonsini Goodrich & Rosati is pleased to present the full-year 2023 edition of The Entrepreneurs Report. We’ve compiled a range of data on venture, convertible note, and SAFE financing transactions in which the firm was involved during 2023, with the objective of identifying relevant trends in activity and valuation levels for the U.S. venture capital industry in general. In addition, this issue features a Q&A with Wilson Sonsini partner Seth Helfgott, who focuses on corporate and securities law, including...

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Amid a light news stream, the dollar is mostly in narrow ranges against the G10 currencies. Leaving aside the Norwegian krone, the others in a +/- 0.15% against the dollar today. We note that the technical tone of the euro and sterling have improved withe the five-day moving averages crossing above the 20-day moving averages. On the other hand, the dollar is approaching the year's low set last week near JPY150.90. Emerging market currencies are mostly lower, On the...

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The Innovative Brand is Set to Pave the Way for Unprecedented Gaming Excellence and Innovation in the Keystone State. Supremeland Gaming, Inc., the dynamic and in- novative iGaming challenger, is thrilled to announce the attainment of its first-ever gaming ap- proval in the United States, marking a significant milestone in the company's expansion strategy. The studio has received official Interim Authorization from the state of Pennsylvania, a key market for the gaming industry in the United States. The approval allows Supremeland...

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The European Commission has announced a significant milestone in the economic trajectory of the European Union with the agreement reached between the European Parliament and the Council on a comprehensive reform of the EU’s economic governance framework. This agreement marks the most ambitious reform since the aftermath of the economic and financial crisis, indicating a pivotal moment in shaping the future of the EU’s economic landscape. Following the presentation of reform proposals by the Commission in April 2023, the new framework aims...

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Healthy activity levels expected in 2024 2023 was a reasonably strong year for the pharmaceutical and life sciences sector with both deal value and volume of M&A close to pre-pandemic levels. In 2024, we expect similar levels of activity, in the $225 billion to $275 billion range across all subsectors. Executives will continue to deploy cash balances and seek out areas of innovation and clinical differentiation to help address remaining growth challenges in the latter half of the decade. Despite some...

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Welcome to “Lost in Translation: Blunders in International Estate Planning.” This blog series explores the rarified world of international estate planning, uncovering potential pitfalls and providing insights to navigate the complexities. Blunder No. 2: Overlooking the Role of Cash as King There are numerous proverbs and sayings regarding money: You can’t take it with you. Money makes the world go round. Throwing good money after bad. Money talks. Time is money. A penny for your thoughts. A fool and his money are soon parted. Money does not grow on...

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