Markets 3h

Public Markets

Market Moves

US software and private capital shares tumbled as fears over AI disruption mounted. Delivery, payments, and software stocks slid sharply after Citrini Research published a report on AI risks.

Energy & Utilities

Eversource Energy is set to raise $1.5 billion from selling its first hybrid bonds. Thames Water's senior creditors are seeking approval from ratings agencies for a crucial rescue plan.

Technology

Novo Nordisk's next-generation obesity shot delivered less weight loss than Eli Lilly's rival blockbuster. Exchange Income Corp. is preparing to sell as much as C$500 million of bonds in its first note sale.

Financial Services

PayPal stock surged on takeover interest reports. Lebanon's commercial banks lack the liquidity required to repay depositors under a government proposal.

Industrial & Manufacturing

US factory orders fell 0.7% in December, while durable goods orders were down 1.4%. Germany will increase its funding for Salzgitter AG's low-carbon steel project to €1.3 billion.

Infrastructure

F2i SGR brought its credit assets close to €1 billion as demand grows for private financing to modernize European infrastructure. Raízen SA creditors are hiring FTI Consulting as an adviser amid debt concerns.

Retail & Apparel

Retailers won tariff relief on a Supreme Court ruling, with the US' global tariff set at 15% versus an average 20% for the sector. Vans parent VF Corp faces longer margin recovery after JPMorgan downgraded the stock.

Commodities

Soybeans reversed earlier losses to turn higher as traders assessed changes to President Trump's tariff regime. Morgan Stanley and Goldman Sachs lifted their oil price targets.

Precious Metals

Treasuries rose as President Trump vowed to press ahead with his trade war after the Supreme Court struck down his tariffs.

Private Equity

Major PE Deals

KKR is exploring a $1.5 billion sale of BMC Helix, testing the software market with the AI-driven IT service management platform. Conoco Phillips is seeking to sell $2 billion of Permian Basin assets as part of its portfolio streamlining strategy.

Portfolio Company Activity

EQT-backed Scale Microgrids has acquired Reload, expanding its advanced energy solutions offerings. L Squared has purchased Functional Devices, with founder Mark Fernandes and the existing leadership team reinvesting alongside the PE firm.

Sports & Entertainment

The Indian Premier League has emerged as a serious private equity target, with global firms including KKR, Blackstone, Partners Group, and CVC Capital circling the cricket league for potential investments.

Sector Investment

No news articles found in the last 3h. Check back later for updates.