Public Markets 3h Briefing
×Market Performance
Stocks fell bloomberg.com as software weakness and tariff risks weighed on sentiment, with the S&P 500 experiencing its first two-week loss since June. Bed Bath & Beyond wsj.com narrowed its fourth-quarter loss to $20.9 million while targeting low- to mid-single-digit revenue growth for 2026. Hims & Hers Health wsj.com posted a quarterly profit of $20.6 million, down from $26 million a year earlier, despite higher revenue.
IPOs & Capital Markets
Global Medical Response bloomberg.com has selected banks for a US IPO, joining the growing pipeline of companies seeking public listings. Canadian drugmaker Apotex bloomberg.com is targeting a first-half IPO in Toronto that could raise up to C$1 billion ($730 . Three struggling US IPOs bloomberg.com received analyst support on Monday, with Wall Street warming to their post-selloff valuations.
ETF & Investment Products
The active ETF market bloomberg.com is becoming too significant to ignore, with JPMorgan Asset Management's Travis Spence discussing the intensifying race to bring actively managed ETFs to market. Pro Shares' GENIUS ETF bloomberg.com saw massive $17 billion inflows last week, leading all new launches. Space economy and prediction market ETFs bloomberg.com are emerging as new frontiers, with Cinthia Murphy discussing "UFO" ETFs tied to the space economy.
Technology & AI Impact
IBM shares bloomberg.com sank their most since 2000 after AI startup Anthropic touted its Claude Code tool for modernizing Cobol programming. Nassim Taleb bloomberg.com warned of escalating volatility and potential bankruptcies in the software sector as the AI-driven rally enters a more fragile phase. The leveraged loan market is providing insights into the ongoing software sector sell-off.
Regulatory & Policy
Nevada Attorney General Aaron Ford bloomberg.com stated that President Trump overstepped his authority on tariffs, though he wasn't surprised by the Supreme Court's ruling. Coinbase bloomberg.com is aggressively lobbying in Washington to preserve stablecoin revenue that could multiply sevenfold, according to Bloomberg Intelligence estimates. Binance wsj.com dismantled an internal probe and suspended investigators who flagged $1 billion moving to sanctioned Iran entities, weeks after Trump pardoned the company's founder.
Corporate Developments
Amazon shares slipped investing.com amid a $12 billion Louisiana data center bet. EA bondholders bloomberg.com are banding together to fight the video game maker's debt buyback plan, even as S&P Global Ratings casts doubt on potential savings. Frontier Airlines finance.yahoo.com axed nine routes as part of its network optimization strategy.