M&As By Zoom: Remote Due Diligence Could Become The New Norm As Dealmaking Takes A Hit

## [‘Wholly unsatisfactory’: AIMCo acknowledges $2.1 billion loss from volatility-related strategy: Barbara Shecter](https://business.financialpost.com/news/wholly-unsatisfactory-aimco-acknowledges-2-1-billion-loss-from-volatility-related-strategy)
> 'Markets behaved in a manner never before seen and the result was a very unfortunate loss'
## [Apple reports higher sales as China reopens, but gives no forecast: Reuters](https://business.financialpost.com/investing/apple-reports-higher-sales-as-china-reopens-but-gives-no-forecast)
> Apple saw China sales of US$9.46 billion, down less than a US$1 billion from a year ago
## [Amazon forecasts second-quarter operating income below estimates: Reuters](https://business.financialpost.com/investing/amazon-forecasts-second-quarter-operating-income-below-estimates)
> Amazon's forecast assumes about US$4 billion in costs related to COVID-19
## [M&As by Zoom: Remote due diligence could become the new norm as dealmaking takes a hit: Gabriel Friedman](https://business.financialpost.com/news/fp-street/mas-by-zoom-remote-due-diligence-could-become-the-new-norm-as-dealmaking-takes-a-hit)
> A recent deal in the precious metals space has raised hopes that merger activity could pick up again, with due diligence going online
## [New York or New Zealand?: Why Down Under may offer the ultimate location for the age of remote working: Financial Times](https://business.financialpost.com/news/economy/new-york-or-new-zealand-down-under-offers-the-ultimate-location-for-the-age-of-remote-working)
> The country’s isolation has suddenly gone from historic disadvantage to unique selling point
## [Dow, S&P 500 and TSX slump on grim parade of economic data and outlook: Reuters](https://business.financialpost.com/investing/us-stocks-sp-500-dow-slip-after-grim-jobless-claims-data)
> Tech stocks, however, are holding up
## [‘Give us some guidelines’: Business groups push government for clarity on reopening: Geoff Zochodne](https://business.financialpost.com/news/economy/give-us-some-guidelines-business-groups-push-government-for-clarity-on-reopening)
> Businesses groups ramping up pressure on governments to allow for a bit more wiggle-room in areas where it makes sense and can be done safely
## [Quebec’s seemingly aggressive plan to reopen the economy next week seen as a risk worth taking: Emily Jackson](https://business.financialpost.com/news/economy/quebecs-seemingly-aggressive-plan-to-reopen-the-economy-next-week-seen-as-a-risk-worth-taking)
> Economists, business associations and unions all on board with the plan given the trajectory of the virus, but a recovery may not come until 2022
## [Warren Buffett to break his silence about pandemic that has upended the economy at virtual shareholders meeting this weekend: Bloomberg News](https://business.financialpost.com/investing/warren-buffett-to-break-silence-at-virtual-woodstock-for-capitalists)
> Investors eager for his views of what might be in store for the markets, Berkshire's businesses and the global economy
## [Three Finalists Announced for the 2020 Bloom Burton Award - Financial Post: ](https://business.financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/three-finalists-announced-for-the-2020-bloom-burton-award)
> Award Recognizes the Year’s Most Significant Contributor to Canada’s Innovative Healthcare IndustryTORONTO — Bloom Burton & Co. is pleased to announce the three finalists for the 2020 Blo…
## [‘Give people back their goddamn freedom’: Musk’s rant puts Tesla’s hot streak at risk: Bloomberg News](https://business.financialpost.com/transportation/autos/musk-decries-fascist-orders-putting-teslas-hot-streak-at-risk)
> Elon Musk went on a profane rant during another emotive Tesla Inc. earnings call, excoriating stay-at-home orders that are putting the electric-car maker’s red-hot run at risk. “This is fascist. This is not democratic, this is not freedom,” the chief executiv…
## [Talking Crypto: Learn to really understand the world of cryptocurrency: Leigh Taveroff](https://business.financialpost.com/personal-finance/taxes/talking-crypto-learn-to-really-understand-the-world-of-cryptocurrency)
> Learn to separate your blockchains from your Bitcoin before you return to the office full time
## [McDonald’s profit misses estimates as restaurants limit services: Reuters](https://business.financialpost.com/news/retail-marketing/mcdonalds-profit-misses-estimates-as-restaurants-limit-services)
> The company said it had resumed operations in a majority of its restaurants in China
## ['Necessary evil': Shell cuts dividend for first time since World War Two - Financial Post: ](https://business.financialpost.com/commodities/energy/update-3-shell-cuts-dividend-for-first-time-since-world-war-two)
  1. 'Necessary evil': Shell cuts dividend for first time since World War Two  Financial Post
  2. Royal Dutch Shell cuts dividend for first time since World War II  BNNBloomberg.ca
  3. Top 5 Things to Know in the Market on Thursday, April 30th …
    ## [Howard Levitt: Parents are on double duty during the pandemic. Employers must accommodate — up to a point: Howard Levitt](https://business.financialpost.com/executive/careers/howard-levitt-parents-are-on-double-duty-during-the-pandemic-employers-must-accommodate-up-to-a-point)
    > With the government encouraging people to stay in, we are quickly forgetting that legally employees have no right to work from their homes
    ## [Five tools you should be using to hit your sales goals while working remotely: Postmedia Network](https://business.financialpost.com/personal-finance/taxes/five-tools-you-should-be-using-to-hit-your-sales-goals-while-working-remotely)
    > Making sales used to require in-person meetings and business travel. Working remotely has made achieving sales targets even more challenging.
    ## [Why infrastructure spending should play a major role in the next phase of our economy’s recovery: Kevin Carmichael](https://business.financialpost.com/news/economy/why-infrastructure-spending-should-play-a-major-role-in-the-next-phase-of-our-economys-recovery)
    > Kevin Carmichael: Big projects stand a much greater chance of generating economic activity, and according to the Chamber of Commerce, there are plenty of ‘shovel-worthy’ candidates
    ## [Stock markets are surging, but has this rebound come too far, too fast?: Victor Ferreira](https://business.financialpost.com/investing/stock-markets-are-surging-but-has-this-rebound-come-too-far-too-fast)
    > Many market analysts and money managers are wary — and preaching caution to investors
    ## [‘A tale of 14 days’: Home cooking and panic buying beefs up Loblaw’s sales by 10%: Jake Edmiston](https://business.financialpost.com/news/retail-marketing/home-cooking-and-panic-buying-beefs-up-loblaws-sales-by-751-million)
    > Customer counts and basket size spiked four fold
    [news curation]@wakanda-forever

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