Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - High-skilled immigrants, defined as those who arrived in the US for college or after earning a degree elsewhere, significantly contribute to the US economy through innovation, productivity, and fiscal impact [3][4][30] - High-skilled immigrants account for approximately 5% of the US labor force but represent a larger share in industries requiring advanced education, such as information services and pharmaceuticals [3][15] - The median annual earnings for high-skilled immigrants are about $20k higher than their college-educated native-born counterparts in the top 20 industries where they are most prevalent [19][25] Employment and Earnings - As of 2023, there were approximately 8.2 million high-skilled immigrants in the US, up from 3.4 million in 2015, representing 5% of the labor force [8][6] - High-skilled immigrants who came to the US for college earn roughly $15k more annually than those who arrived later and college-educated native-born workers [19][22] - In industries with a high concentration of high-skilled immigrants, median annual earnings for these workers are significantly higher than for their native-born counterparts [25][28] Innovation and Business Formation - High-skilled immigrants constitute 13% of the STEM workforce and hold 29% of US Nobel Prizes, indicating their substantial role in innovation [30][33] - They are responsible for 20% of venture capital-backed startups and patent at double the rate of native-born inventors [35][30] - High-skilled immigrants contribute to 36% of aggregate innovation, as measured by patent citations [35][30] Fiscal Effects - Each additional high-skilled immigrant is estimated to lower the federal budget deficit by approximately $75k over ten years, with those in STEM fields contributing even more [39][40] - The entire stock of high-skilled immigrants in the US is estimated to exert $50-80 billion in downward pressure on the federal deficit annually [40][39] Spillover Effects - The spillover effects of high-skilled immigrants on native-born workers vary, with some studies indicating positive impacts on wages and employment for native workers [41][46] - High-skilled immigrants are associated with increased innovation among native-born inventors, contributing to a higher rate of patenting activity [43][46]

Core Points - Information Services Corporation (ISC) has announced a normal course issuer bid (NCIB) to purchase up to 929,007 Class A shares, representing approximately 5% of the outstanding shares as of June 2, 2025 [1][4] - The NCIB will be conducted over a twelve-month period starting June 6, 2025, and ending no later than June 5, 2026 [1] - ISC's decision to initiate the NCIB reflects confidence in its financial position and aims to return capital to shareholders [4] Summary by Sections NCIB Details - The NCIB allows ISC to purchase Class A shares at the prevailing market price, plus brokerage fees, with potential discounts for purchases under issuer bid exemption orders [2] - ISC can purchase a maximum of 1,862 Class A shares daily, which is 25% of the average daily trading volume of 7,451 shares over the past six months [3] Company Strategy - The NCIB is part of ISC's overall capital management strategy, providing flexibility to acquire shares when market prices do not reflect their underlying value [4] - Decisions regarding the timing and size of purchases will be based on various factors, including capital and liquidity positions, financial performance, and market conditions [5] Company Background - ISC is a leading provider of registry and information management services for public data and records, focused on sustaining its core business while pursuing new growth opportunities [8]

Core Insights - Clarivate Plc has announced a multi-year partnership with the Canadian Research Knowledge Network (CRKN) to provide expanded access to the Web of Science for 55 Canadian universities, enhancing research collaborations and accessibility [1][4]. Company Overview - Clarivate is a leading global provider of transformative intelligence, offering enriched data, insights, analytics, workflow solutions, and expert services across various sectors including Academia & Government, Intellectual Property, and Life Sciences & Healthcare [5]. Industry Impact - The partnership aims to support Canadian researchers by providing access to the Web of Science API, which includes rich metadata to aid research projects, as well as access to the Derwent Innovations Index and the Policy Citation Index to understand the societal impact of research outputs [3][4]. - Canada is recognized for its collaborative position in global academic research, with contributions in innovation and patents exceeding the international average [4].

Group 1: Alexander's (ALX) - Alexander's is a real estate investment trust engaged in leasing, managing, developing, and redeveloping properties, with a Zacks Rank 1 (Strong Buy) [1] - The Zacks Consensus Estimate for Alexander's current year earnings has increased by 10.3% over the last 60 days [1] - Alexander's shares gained 5% over the last three months, outperforming the S&P 500's gain of 0.6%, and the company has a Momentum Score of A [2] Group 2: Wolters Kluwer (WTKWY) - Wolters Kluwer is a leading global information services and publishing company providing products and services for professionals in various sectors, with a Zacks Rank 1 [3] - The Zacks Consensus Estimate for Wolters Kluwer's current year earnings has increased by 4% over the last 60 days [3] - Wolters Kluwer's shares gained 14.4% over the last three months, significantly outperforming the S&P 500's gain of 0.6%, and the company has a Momentum Score of B [4]

此次划转覆盖七大重点市属国企，资产体量庞大、行业覆盖广泛，涉及民生保障、城市建设、信息技 术、现代服务等多个领域。业内人士分析称，此次重组有助于打破国有资本分散管理格局，加快构 建"集中管理、统一运营"的新型国资监管模式。 厦门国有资本运营有限责任公司在公告中指出，本轮 重组完成后，公司资产规模、营业收入、盈利能力和经营性现金流均将得到不同程度提升，有利于增强 公司抗风险能力和可持续发展能力，为后续国有资本运营打下坚实基础。 股权结构调整厦门国有资本运营有限责任公司市国资委全资持有 就在此前的5月9日，厦门国有资本运营有限责任公司发布另一则公告称，厦门火炬集团、象屿集团、安 居控股和路桥集团所持有的厦门国有资本运营有限责任公司股权，已全部无偿划转至厦门市国资委。股 权划转完成后，厦门国有资本运营有限责任公司正式成为市国资委全资控股企业，完成法人治理结构上 的关键调整。 央视网消息5月14日，厦门国有资本运营有限责任公司发布重大资产重组公告，标志着厦门市推进国资 布局优化和企业重组整合迈出关键一步。 厦门国有资本运营有限责任公司自2020年设立，2022年3月改组，定位明确： 根据公告，为贯彻落实厦门市政府关于 ...

Transaction Overview - Clarivate will acquire ProQuest for $5.3 billion [9], including refinancing approximately $1.0 billion of ProQuest's net debt [9] - ProQuest shareholders will receive approximately $1.3 billion of Clarivate shares, representing about 7% combined ownership, and approximately $3.0 billion in cash [9] - The transaction is expected to close in Q3 2021 [9] Financial Highlights (Combined Business) - The combined adjusted revenue for 2020 is approximately $2.6 billion [6, 10] - The combined adjusted EBITDA for 2020 is approximately $1.2 billion [10] with adjusted EBITDA margins of approximately 45% [10] - The combined adjusted EBITDA less CapEx for 2020 is approximately $1.0 billion [10] - Clarivate anticipates double-digit adjusted diluted EPS accretion in 2022 and mid-teens accretion in 2023 [6, 10, 40] Synergies and Cost Savings - The acquisition is expected to generate more than $100 million in run-rate cost savings [9, 10, 36, 44] and $10 million in CapEx synergies [10, 36] - These cost savings are expected to be fully realized within 15-18 months [10, 39, 44] ProQuest Overview - ProQuest has access to >5 million Dissertations [15], 20 million pages of newspapers [15], >6 Billion Digital Pages [15], 285 million Journal Articles [15], Data on 40 million Books [15], > 450,000 eBooks [15] - ProQuest's 2020 revenue was $876 million [22] with a 4% organic growth rate [22] - ProQuest's adjusted EBITDA was $253 million [22] with a 30% margin [22]

Financial Performance & Guidance - In 2020, Clarivate's Adjusted Revenue was $1.3 billion, Adjusted EBITDA was $487 million, Adjusted EBITDA Margin was 38%, and Adjusted Free Cash Flow was $264 million[16] - The company's 2021 guidance projects Adjusted Revenue between $1.8 billion and $1.84 billion, Adjusted EBITDA between $795 million and $825 million, an Adjusted EBITDA Margin between 44% and 45%, and Adjusted Free Cash Flow between $450 million and $500 million[18,68] - The company is targeting a near-term Adjusted EBITDA margin of 47%-48% and a medium-term goal of 50%[174] Growth Strategy & Market Opportunity - Clarivate addresses a total addressable market (TAM) exceeding $100 billion across four customer segments[58,109] - The company estimates a potential revenue opportunity of over $1 billion through account retention, up/cross-sell, and new logos across its customer segments[118] - The Life Sciences and Healthcare client case study shows revenue growth from $1.4 million in 2017 to $4.9 million in 2021, with 81% organic growth and a 38% CAGR[113] - The Academic and Government client case study shows revenue growth from $1.7 million in 2017 to $3.6 million in 2021, with 58% organic growth and a 23% CAGR[115] Operational Efficiency & Cost Savings - Clarivate achieved run-rate savings of $235 million exiting 2021 through operational improvements, facilities rationalization, and digital transformation[61,171] - The Connected Workplace strategy resulted in $27 million in cost savings[80] Customer Focus & Engagement - Inside Sales significantly scaled this year with 24,000 accounts in Centers of Excellence, representing $375 million via continued investment in sales capacity[75] - The company aims to improve ease of doing business, with a goal to increase the score from 77 to 80 in the Customer Delight survey[90]

Core Points - Information Services Corporation (ISC) held its annual meeting of shareholders on May 13, 2025, in Regina, Saskatchewan [1] - A total of 14,627,504 Class A Limited Voting Shares were represented, accounting for 79% of the issued and outstanding shares [2] Director Voting - Three members of the Board were appointed by the Lieutenant Governor In Council of Saskatchewan: Joel Teal, Doug Emsley, and Amber Biemans [3] - Detailed voting results for the election of seven directors showed high approval rates, with all nominees receiving over 98% of votes in favor, except for Dion E. Tchorzewski, who received 98.10% [3] Auditor Appointment - Deloitte LLP was appointed as the auditor for the ensuing year with 14,624,429 votes in favor, representing 99.98% of the votes [4] - Only 3,075 votes were withheld, which is 0.02% of the total [4] Company Overview - ISC is a leading provider of registry and information management services for public data and records, focusing on sustaining its core business while pursuing new growth opportunities [5]

Investors looking for stocks in the Consulting Services sector might want to consider either Information Services Group (III) or Equifax (EFX) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets com ...

Core Viewpoint - Information Services Corporation (ISC) emphasizes its strong track record of stability, strategic vision, and value creation over the past decade, as highlighted in its investor presentation titled "A Proven Model for Value Creation" [1][3] Business Overview - ISC has transformed into a diversified business with a global scale, featuring a high-quality registry platform and a services segment that delivers consistent growth [2] - The company's registry operations are supported by a long-term exclusive contract in Saskatchewan, lasting until 2053, which ensures stable, CPI-linked cash flows for nearly 30 years [2] - ISC's disciplined M&A strategy has been entirely funded through its balance sheet capacity [2] Financial Performance - Since its IPO, ISC has nearly tripled its revenue and Adjusted EPS [8] - The company has achieved a revenue compound annual growth rate (CAGR) of approximately 13.6% since 2015 [8] - ISC has generated nearly $100 million in free cash flow from its Services segment since 2015 [8] - The total shareholder return (TSR) has reached 209%, outperforming the S&P/TSX SmallCap Index since the IPO in July 2013 [8] Shareholder Engagement - ISC acknowledges and appreciates the support from its shareholders, emphasizing its commitment to long-term value creation and disciplined capital allocation [7] - The company has engaged in meaningful dialogue with stakeholders and remains focused on performance rather than provocation [7][10] Response to Plantro - ISC strongly disagrees with Plantro Ltd.'s assessment of its strategy and governance, labeling Plantro's claims as misinformation and urging shareholders to reject Plantro's undervalued Mini-tender offer [4][5] - The company has attempted to engage in constructive dialogue with Plantro but has faced a lack of engagement from Plantro [6][10]