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Tracking Trump

October 12, 2017

Still reeling from multiple failed attempts by the Republican-controlled Congress to torpedo the Affordable Care Act from the top down — through legislative action — President Trump today signed an Executive Order aimed at undercutting his predecessor’s signature law from the bottom up, through the markets.

Meanwhile, federal agencies charged with implementing Obamacare continue to churn out final rules that delineate the everyday practical and administrative details of the law.  That is, the ongoing federal agency rulemaking process is effectively entrenching the law even as politicians seek to undermine it.  Looking at the Affordable Care Act Rulemaking Tracker on Lexis Securities Mosaic, we can see no fewer than 14 such final rules (by the Department of Health and Human Services, the Centers for Medicare and Medicaid Services, and the Department of the Treasury) passed over the past three months.  (Click the “Show search filters” expander and select “Final Rule” under Action Type.)  The most recent was released last week.

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Securities Mosaic is a great resource for tracking both sides of this push and pull.  In addition to utilizing current awareness tools like the Affordable Care Act Tracker, a Securities Mosaic user can, for example, pull the actual bills presented to Congress to repeal or dismantle – or, for that matter, defend and reinforce – Obamacare.  If you have access to Securities Mosaic, you can click here to see the results of that search.   You can also set up an email alert to track future such actions going forward.

Furthermore, Securities Mosaic allows you to search on or be alerted to official Presidential actions as recorded in the Federal Register.  So far during his administration, President Trump has issued 213 Executive Orders, Memoranda, or Proclamations.  Some of these are well-known — for example, the infamous “travel ban” of January 27 — others less so.  Many are consistent with what we would expect from the President based on his stated priorities (Construction of the Keystone XL PipelineEnhancing Vetting Capabilities and Processes for Detecting Attempted Entry Into the United States by Terrorists or Other Public-Safety Threats; Made in America Day and Made in America Week) or simply on who he is (German-American Day; Older Americans Month).  Others might leave some scratching their heads, or be tinged with dark humor, given Trump’s past statements and actions:  National Hispanic Heritage Month; Women’s Equality DayGold Star Mother’s and Family’s Day; Increasing Access to High-Quality Science, Technology, Engineering, and Mathematics (STEM) EducationNational Disability Employment Awareness MonthNational Mental Health Awareness Month.

If you don’t have access to Securities Mosaic, contact us to get set up with a free trial.

 

The news gets better on Friday

September 6, 2017

We’re pleased to announce that beginning with the Friday September 8 edition, our Securities Daily News will feature two brand new sections — the first enhancement to our newsletter in many years.  The addition is made possible by our partnership with Intelligize, which provides best-in-class search capability on (among other things) SEC-registered offerings and M&A transactions.  Drawing from those databases, Lexis Securities Mosaic will offer new Recent Registered Offerings and Mergers & Acquisitions sections in its Securities Daily News.  Readers will see a list of recent deals in these two areas; readers who also subscribe to Intelligize will have the additional option to quickly link to related source content.

Earnings Call Transcripts now available on Intelligize

July 31, 2017

While no law requires public companies to conduct earnings calls, much less to reveal any particular information in them, the quarterly conference earning call has become a ubiquitous and important feature of the corporate landscape.  The formal record of these calls, the Earnings Call Transcript, has thus becomes an important touchstone to corporate investors and others who need to pay attention to what public companies and markets are doing.

In response to this ever-increasing need, our colleagues at Intelligize recently released a new Earnings Call Transcripts (ECT) application.  Offering full text search and dedicated search filters, the Intelligize ECT solution is the most advanced search tool around, allowing researchers to cut through the clutter gather information more quickly and effectively.

To read more about the ECT application on Intelligize, click here.  To learn more about the history and significance of ECTs, read this recent white paper by Phil Brown, Intelligize Chief Strategy Officer.

 

Trump goes one way, ExxonMobil another

June 2, 2017

Just one day before President Trump’s controversial announcement that the U.S. intended to withdraw from the recently ratified Paris climate accord, shareholders of energy giant ExxonMobil defied the company’s board and voted in favor of a climate change-related resolution.  The nonbinding resolution would require more detailed analysis and disclosure to shareholders regarding the potential impact of policy changes related to climate change, such as those encouraged by the Paris agreement.  “Irrespective of the current administration’s stance on climate change,” one proponent of the resolution argued in a recent press release filed with the SEC, “countries around the world are moving ahead with policies that will limit greenhouse gas emissions and will likely impact the market for ExxonMobil’s products. ExxonMobil puts itself and its long-term investors at risk by failing to acknowledge this reality.”

For more on climate change policies and the Trump administration’s announcement in the context of the business sector, see this post by Marc Butler on our partner Intelligize’s blog.

 

SEC Filings changes are live

April 21, 2017

As we’ve recounted in previous posts, we’ve been working on a number of changes to the Securities Mosaic SEC Filings page in response to customer feedback.  The changes went live earlier this week.  They include:

  • Moving the Filer (Company) search field to the upper left hand corner of the search screen.
  • Restoring the Form Type and Exhibit selection input boxes to the main search form, so that an extra click is no longer necessary to see them.
  • Creating a new “Condensed View” option for our results display that shows more records per screen and is thus more quickly scanned.  (We’ll also give you the option to set the Condensed View as your default display.)
  • Adding hyperlinks to the list of results in our Printable View display,  so that you have an additional way to access an even larger number of search results in a single, condensed view.
  • These adjustments are in addition to a number of smaller changes we made back in January, which included restoring the “Edit Search” button to the results display.

If you have feedback to share or questions to ask regarding our SEC Filings page, please feel free to reach out to me directly at christopher.hitt@lexisnexis.com.

Lexis Securities Mosaic and Intelligize for 10-Q research

April 2, 2017

Securities Mosaic is a great resource for searching on SEC filers’ quarterly reports.  You can filter at the item (section) level of the document to target financial statements, controls and procedures, Management’s Discussion & Analysis, risk factors, and more.  Starting with such an item-level search, you can instantly batch-download or batch-email the full 10-Q including exhibits, or just the specific 10-Q item.  Need to see how a particular company’s MD&A disclosure changed from quarter to quarter, or from original to amended version?  Use the Securities Mosaic redline tool to quickly answer that question.

But what if you need to do even more?  For example, what if you’ve been asked to perform in-depth analysis on what’s being disclosed in today’s 10-Qs, requiring you to delve beyond the item level and isolate particular categories of risk disclosure, MD&A, or notes to financial statements in order to establish “what’s market”?  If that’s your use case, we recommend you also check out our LexisNexis partner Intelligize.  With Intelligize you can track, for example, how common Fair Value Measurements are in the notes to financial statements section of the 10-Q; or how often your peers discuss taxation in their MD&A.

To learn more about how Intelligize can complement and enhance your research on quarterly reports and other SEC filings, click here.

 

Coming Soon: User-requested changes to Securities Mosaic Filings page

March 1, 2017

You spoke.  We listened.

As we detailed in our last blog post, our December release of the redesigned SEC Filings page did not quite meet with the enthusiastic reception we were hoping for.  Even though we packaged the redesign with lots of cool new features — which have indeed been well-received — many users felt we went too far in our efforts to create a clean, uncluttered, and “modern” search page.

We took these complaints seriously.  I personally spoke to many of you, often on multiple occasions, to gather the detailed feedback that would be the foundation for a redesigned redesign.  I’m pleased to announce today that we’ll release the bulk of these customer-prompted changes in a few weeks.

The upcoming changes include:

  • Moving the Filer (Company) search field to the upper left hand corner of the search screen.
  • Restoring the Form Type and Exhibit selection input boxes to the main search form, so that an extra click is no longer necessary to see them.
  • Creating a new “Condensed View” option for our results display that shows more records per screen and is thus more quickly scanned.  (We’ll also give you the option to set the Condensed View as your default display.)
  • Adding hyperlinks to the list of results in our Printable View display,  so that you have an additional way to access an even larger number of search results in a single, condensed view.

These adjustments are in addition to a number of smaller changes we made back in January, which included restoring the “Edit Search” button to the results display.

We’ll let you know when we have a firm release date for these changes, but we expect they’ll go live around the end of this month.

Thanks to everyone who took the time to register feedback and constructive criticism.