Public Markets 3d Briefing
×Market Moves
The S&P 500 dropped 1.2% bloomberg.com in its worst week since June, marking its first two-week loss since June. Entrata wsj.com is working with Goldman Sachs and JPMorgan on an IPO, signaling continued M&A activity. Amazon investing.com shares slipped amid a $12 billion Louisiana data center bet, while Dimon investing.com dismissed fears over AI’s impact on JPMorgan.
Macro & Policy
Japan may intervene to buy yen investing.com amid speculation, while Ecuador bloomberg.com eyes a $4B bond sale return. India bloomberg.com may buy dollars for reserves should the rupee strengthen to 88–89 per dollar, per Citigroup. China investing.com left its loan prime rate steady in February, reflecting mixed growth signals.
Deals & Transactions
Francisco Partners bloomberg.com completed a $2.2B take-private of Jamf, while Blackstone investing.com is positioning Liftoff Mobile for an IPO. Anthropic bloomberg.com offered up to $6B in shares to staffers, valuing the AI firm at $350B. RXO bloomberg.com CEO Drew Wilkerson discussed a trucking market upswing after deflationary pressure.
Corporate Developments
FedEx ft.com sued the Trump administration for tariff refunds, becoming the first major company to challenge levies since the Supreme Court deemed them illegal. UOB bloomberg.com shares tumbled after missing profit estimates and cutting its dividend. Woodside investing.com shares hit an 18-month high post-FY results and dividend.
Market Commentary
Dimon bloomberg.com sees parallels to the pre-crisis era as rivals do "dumb things," while Taleb bloomberg.com warns of AI-driven software bankruptcies. EY-Parthenon bloomberg.com notes inflation and business investment as next tariff unknowns. Citi ft.com to sell another stake in Mexico’s Banamex ahead of an IPO.
Energy & Commodities
Oil wsj.com edged lower amid possible position adjustments before U.S.-Iran talks, while Gold bloomberg.com held gains on tariff uncertainty. Tesla bloomberg.com faces scrutiny over its $1.8T private credit market, and SQM-Codelco bloomberg.com lithium output edged out forecasts.
Legal & Regulatory
FedEx wsj.com seeks a full refund plus interest for Trump tariffs, and Nevada AG investing.com discusses the Supreme Court ruling striking down tariffs. EU diplomats yahoo.com scramble to overcome Hungary’s threat to derail Russia sanctions.
Technology & AI
Anthropic investing.com accused Chinese AI labs of stealing data from Claude, while DeepSeek bloomberg.com trained its latest model on Nvidia Blackwell chips despite a U.S. ban. AI bloomberg.com fears sparked a software selloff, with the Dow falling 1.7%.
Financial Markets
Active ETFs bloomberg.com market growth continues, and Bond ETFs bloomberg.com see a space economy push. Morgan Stanley investing.com upgrades stocks on AI-led ABF substrate up-cycle, and Citi bloomberg.com warns on leveraged loan risks.
Global Finance
Japan wsj.com intervened to buy yen, and Singapore bloomberg.com’s UOB missed profit estimates. Amundi bloomberg.com went long Japanese debt for the first time in decades, and China bloomberg.com is not dumping U.S. Treasuries.
Corporate Finance
Apple bloomberg.com announced a $110B buyback, while FedEx bloomberg.com seeks tariff refunds. EBay ft.com and Amazon bloomberg.com face regulatory scrutiny, and Google finance.yahoo.com VP warns two AI startup types may not survive.
Closing
The S&P 500’s drop and M&A activity underscore market volatility amid geopolitical and AI-driven uncertainty. Ecuador yahoo.com’s bond sale and India bloomberg.com’s dollar plan highlight currency and reserve management shifts. FedEx bloomberg.com’s lawsuit and UOB bloomberg.com’s profit miss signal corporate finance headwinds.