Public Markets 3h Briefing
×European Markets
Telecom Italia bloomberg.com proposed a €400 million stock buyback and 1-for-10 reverse split to overhaul its equity profile after asset sales. German government bloomberg.com agreed to abolish the controversial ban on new gas and oil heating systems as Chancellor Friedrich Merz's conservatives rush to deliver on a key electoral promise.
Corporate Moves
Thomson Reuters bloomberg.com shares jumped after AI juggernaut Anthropic PBC praised its legal tools, attracting jittery investors seeking winning AI bets. LVMH bloomberg.com chairman Bernard Arnault tightened his grip on the luxury group after boosting his holding beyond the 50% mark, further consolidating Europe's richest man's control.
Market Sentiment
Dan Loeb bloomberg.com said short sellers are becoming relevant again as opportunities emerge to bet against crowded trades that have punished bears for years. Boaz Weinstein bloomberg.com warned that turmoil surrounding Blue Owl Capital's funds is exposing deeper cracks in the $1.8 trillion private credit industry.
Energy & Commodities
Oil prices bloomberg.com held near seven-month highs as investors awaited the next round of US-Iran talks, climbing this year on concerns about potential fallout from a US strike on Iran. Keystone XL bloomberg.com revival gained momentum as South Bow Corp. considered expanding its pipeline system in Montana.
Regulatory & Policy
Trump administration wsj.com is considering requiring banks to collect citizenship information as part of its illegal immigration crackdown. State courts wsj.com cannot run foreign policy, according to Supreme Court justices who agreed to take up a challenge to a Colorado lawsuit against energy companies.
Tech & Innovation
European AI chip startup Axelera finance.yahoo.com raised an additional $250 million to expand its operations. AMD ft.com hopes Meta's endorsement will attract other hyperscalers to its data center chips, testing the Kim Kardashian theory of data center marketing.
Financial Services
Banking software company Temenos investing.com guided 9% earnings growth in 2026, signaling confidence in its financial technology offerings. Morgan Stanley investing.com upgraded Freshpet on upside potential from same-day grocery delivery expansion.
Private Markets
Private credit funds face mounting pressure as activist investor Boaz Weinstein warns that the wheels are coming off the $1.8 trillion industry. Biotech M&A ft.com is expected to surge in 2026 as big pharma emerges from its 2025 paralysis with plenty of firepower.
Consumer & Retail
Saks Global bloomberg.com CEO Geoffroy van Raemdonck aims to build a profitable and sustainable company, discussing his vision with Bloomberg's Romaine Bostick. US private school tuition bloomberg.com is approaching a record $50,000 average, according to S&P Global Ratings' new report.