I will report on the recent strategies for the determination of the genuine Standard Model predictions for several branching ratios for rare K and B decays. Subsequently constraints on Z' models following from these strategies will be discussed and a new mixing matrix for Z' interactions with quarks that is analogous to the CKM matrix will be presented.
Anomalies in the flavor sector have attracted significant attention in recent years. Of particular interest for this talk are those in the muon and electron magnetic dipole moments: the so-called g-2 anomalies. The present status of these could point towards the requirement for new physics that couples differently to leptons and muons. I will review the status of scalar leptoquark models as...