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Does this mean that the state can lend them?
document IMAGES-007-HOUSE_OVERSIGHT_023655.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… | do not think this is accurate, but the programs that will come out will stimulate the private sector very strongly. Sales of the private sector will increase very strongly. If you spend hundreds of billions in a short period of time, this will undoubtedly have a very positive...

Il Cannabis Science 101
document IMAGES-008-HOUSE_OVERSIGHT_024631.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Contents Foreword | Executive Summary Il Cannabis Science 101 Ill Cannabis Industry Segmentation IV U.S. Legal Landscape V Global Cannabis Regulation VI U.S. and International Cannabis Market Estimates VII Capital Markets for Cannabis Companies VIII Top 100 Private Cannab...

certain factors beyond the control of the portfolio company and the General Partner. The
document IMAGES-007-HOUSE_OVERSIGHT_024073.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

certain factors beyond the control of the portfolio company and the General Partner. The economic environment for all companies, and in particular for healthcare technology and start- up companies, may remain challenging. Business risks may be more significant in portfolio compan...

Regulatory Changes
document IMAGES-007-HOUSE_OVERSIGHT_024082.txt Jun 22, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

Regulatory Changes On June 22, 2011, to implement provisions of Title IV of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the U.S. Securities and Exchange Commission (the “SEC”) adopted final rules implementing new exemptions from the registration requirements o...

Eye on the Market, June 14, 2011
email TEXT-001-HOUSE_OVERSIGHT_030006.txt Jun 14, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

…tay that way, given too much stimulus in the East, and ineffective stimulus in the West **. We expect a modest second half recovery, based primarily on US capital spending increases, easy credit conditions everywhere, and a pick-up in industrial production in Japan. But the wor...

Eye on the Market | april 9, 2012 J.P Morgan
document IMAGES-008-HOUSE_OVERSIGHT_025246.txt Apr 9, 2012 House Oversight Committee — Epstein Estate Records (Nov 2025)

… (3% of the S&P index, 15% of S&P’s YTD returns). As shown below, earnings revisions have been negative for 2012, but analysts are still optimistic about 2013. According to Morgan Stanley, analysts are forecasting the highest percentage of companies posting 2013 margin expansion...

Certain tax risks relating to an investment in the Fund are discussed in Section XI “Certain Tax
document IMAGES-007-HOUSE_OVERSIGHT_024081.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…about the tax consequences of purchasing a Limited Partner Interest in the Fund. Withholding and Other Taxes The General Partner intends to structure the Fund’s investments in a manner that is intended to achieve the Fund’s investment objectives and, notwithstanding anything co...

Eye on the Market | July 25, 2011 J.P Morgan
document IMAGES-008-HOUSE_OVERSIGHT_025225.txt Jul 25, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

…the Market | July 25, 2011 J.P Morgan Topics: US debt ceiling negotiations, a more ambitious European bailout plan (finally), and how large cap growth stocks and rising corporate profits are patiently waiting for both of them to end While we’re waiting: large cap growth stocks...

Morgan Stanley | RESEARCH
document IMAGES-008-HOUSE_OVERSIGHT_025581.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Morgan Stanley | RESEARCH Valuation and Risks NORTH AMERICA INSIGHT ~~ Alternative Asset Managers: We value the stocks using a sum of the parts valuation and discounted cash flow as well as price/earnings and price/cash earnings multiples. Our DCF (COE of 12+15%, free cash flo...

Exhibit 87: High Yield Par-Weighted Interest
document IMAGES-003-HOUSE_OVERSIGHT_014604.txt Dec 31, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

Exhibit 87: High Yield Par-Weighted Interest Coverage Ratio Interest coverage today stands near all-time highs, unlike the pre-crisis period. 4 3 2 1 0 SH ae woe Se ees 8888 SEsesese8 8 RR ERR SRE ES Data through 03 2016. Source: Investment Strategy Group, Barclays. Cove...

Supply-Side Investment Research
document TEXT-001-HOUSE_OVERSIGHT_025296.txt May 19, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…e Investment Research May 19, 2016 10-yr T-Note: 1.86% DJIA: 17,526.62 NASDAQ: 4,739.12 S&P 500: 2,047.63 S&P 500 Undervalued: 151.8% GAME ON [Updated 7/6/2016] By Arthur B. Laffer, Ph.D. Summary To save you the agony of plodding through this fascinating, information-rich paper,...

This report, which is attached as an exhibit to the Investor Presentation, is presented by Electron
document IMAGES-007-HOUSE_OVERSIGHT_024228.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Global Utility White Paper CONFIDENTIAL Disclaimer This report, which is attached as an exhibit to the Investor Presentation, is presented by Electron Capital Partners LLC (“Electron”) solely for information purposes to provide recipients with general information regarding Elec...

Statement of Conditions
document IMAGES-007-HOUSE_OVERSIGHT_024005.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Statement of Conditions THIS CONFIDENTIAL PRIVATE PLACEMENT MEMORANDUM (THIS “MEMORANDUM”) IS BEING FURNISHED TO CERTAIN SOPHISTICATED INVESTORS ON A CONFIDENTIAL BASIS BY OR ON BEHALF OF NEW LEAF VENTURES IIL, L.P., A DELAWARE LIMITED PARTNERSHIP (“NLV- TIP’ OR THE “FUND”), SO...

Other Important Disclosures
document IMAGES-002-HOUSE_OVERSIGHT_014422.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Disclosures Important Discl osures BofA Merrill Lynch Research Personnel (including the analyst(s) responsible for this report) receive compensation based upon, among other factors, the overall profitability of Bank of America Corporation, including profits derived from invest...

Supreme Court Rejects Newman Requirement of “Pecuniary or Similarly Valuable” Personal
document IMAGES-005-HOUSE_OVERSIGHT_019857.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Supreme Court Rejects Newman Requirement of “Pecuniary or Similarly Valuable” Personal Benefit for Insider Trading Liability for Tipping Family and Friends (continued trom page 1) as a personal benefit necessary to be held liable for insider trading.? Sa/man will almost certainl...