You can open Cubase/Nuendo events in WaveLab Elements. This allows you to use the editing capabilities of WaveLab Elements and apply them to Cubase/Nuendo events.
For example, the following advanced editing options are available in WaveLab Elements:
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Audio error correction
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Independent channel editing and processing
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Analysis meters, global analysis (EBU R-128 recommendation), and 3D frequency analysis
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RestoreRig
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MasterRig