Public Markets 3d Briefing
×Market Moves
The S&P 500 dropped 1.2% wsj.com in its worst week since June, marking its first two-week loss since June as tariff uncertainty rattled investors. Entrata wsj.com is working with Goldman Sachs and JPMorgan on an IPO, signaling continued deal activity despite market volatility. Asian markets wsj.com rose broadly on Monday, with South Korea and Taiwan setting records, demonstrating resilience to trade worries.
Deals & M&A
Smiths News investing.com was warned by the UK pensions regulator over its Tuffnells scheme, highlighting regulatory scrutiny. Johnson Matthey ft.com slashed the price of its catalyst technologies unit by over a quarter to $1.8 billion, extending the deal deadline with Honeywell. Delta Electronics bloomberg.com became Thailand's first $100 billion company after a US Supreme Court ruling boosted AI cooling demand.
Policy & Regulation
The US Supreme Court struck down President Trump's reciprocal tariffs bloomberg.com, sending shockwaves through global trade. This ruling led to a dollar slide bloomberg.com and forced CEOs back to company war rooms wsj.com to assess refund implications. Ecuador is eyeing a $4B bond sale return, while EU officials stated they would accept no increase finance.yahoo.com in US tariffs after the ruling.
Economic Indicators
Enel wsj.com plans to spend over €26 billion on renewables in Europe and North America, signaling strong clean energy investment. ZF Friedrichshafen bloomberg.com saw debt relief as slower EV adoption boosted demand for traditional components like gearboxes. Japan may intervene to buy yen bloomberg.com amid trade uncertainty, while South Korea urged Russia to remove a 'victory' banner yahoo.com as Ukraine war anniversary neared.
Corporate News
Rolls-Royce ft.com sought UK funding for a £3 billion engine project, while Alfa Gomma bloomberg.com partnered with ICG for a potential €1 billion buyout. Schroders ft.com vowed to keep wealth manager Cazenove after a £9.9 billion takeover, and Morgan Stanley bloomberg.com is hunting for AI-proof assets in emerging markets.