Public Markets 3d Briefing
×Market Moves
Stocks fell bloomberg.com broadly as software weakness and tariff risks weighed on sentiment, with the S&P 500 extending its recent slide. Nassim Taleb bloomberg.com warned of escalating volatility and potential software sector bankruptcies, adding to the jitters. The market turbulence continued bloomberg.com as trade uncertainty rattled investors anew.
IPOs & Listings
KKR-backed Global Medical Response bloomberg.com selected banks for a US initial public offering, joining a pipeline of companies seeking market access. Canadian drugmaker Apotex bloomberg.com is targeting the first half of the year for a Toronto IPO that could raise up to C$1 billion. These deals come as bloomberg.com Wall Street analysts are mounting a rescue operation for slumping US IPOs, warming to post-selloff valuations for some of the year’s worst performers.
ETF Trends
The active ETF market bloomberg.com is seeing intensifying competition as asset managers race to bring new products to market. This surge is evidenced by the new GENIUS ETF bloomberg.com attracting a massive $17 billion inflow last week. The frontier is also expanding into niche areas like the space economy bloomberg.com and prediction markets, with new ETFs being crafted around these themes.
Sector Moves
IBM bloomberg.com suffered its worst day since 2000, dropping 10% after AI startup Anthropic touted a tool for modernizing legacy COBOL systems. Hims & Hers Health wsj.com saw its fourth-quarter profit fall despite higher revenue, while Bed Bath & Beyond wsj.com narrowed its loss and targets revenue growth by 2026. The software sell-off bloomberg.com deepened as options traders piled into bets against a loan ETF exposed to the sector.
Policy & Trade
Trump tariff uncertainty bloomberg.com continued to rattle global markets, with the EU set to freeze trade deal approval bloomberg.com over the tariff risk. A Supreme Court ruling provided relief bloomberg.com for some apparel retailers like Gap and Aritzia, setting a lower global tariff. Nevada’s attorney general stated bloomberg.com the president overstepped authority on tariffs, a view not shared by the high court.
Crypto & Finance
Coinbase stablecoin revenue bloomberg.com could surge as much as sevenfold, according to Bloomberg Intelligence, as the firm lobbies aggressively in Washington. Meanwhile, Electronic Arts bondholders bloomberg.com are banding together to fight a debt buyback plan even as S&P cast doubt on its savings potential. Private equity returns bloomberg.com slumped for a fourth straight year as the industry grapples with $3.8 trillion in unsold assets.
Utilities & Infrastructure
Thames Water creditors bloomberg.com are seeking ratings agency approval for a rescue plan to stave off insolvency. In a separate deal, Eversource Energy bloomberg.com raised $1.5 billion from its first hybrid bonds to refinance debt. A luxury Utah resort bloomberg.com developer plans a $100 million tax-exempt bond sale for infrastructure, tapping the municipal market.