Public Markets 3d Briefing
×Market Performance
The S&P 500 bloomberg.com edged higher Tuesday as traders assessed the outlook for the artificial-intelligence "scare trade" that pummeled the market the prior session. Emerging-market stocks bloomberg.com scaled another record high, shrugging off AI concerns that weighed on Wall Street as fresh gains in Asian tech continued to power the rally.
Corporate News & Earnings
Keurig Dr Pepper bloomberg.com offered an upbeat forecast for full-year sales, expecting a boost from its planned purchase of Dutch coffee maker JDE Peet's later in 2026. Home Depot wsj.com reported lower fourth-quarter profit as economic uncertainty, high interest rates, and a stagnant housing market continued to weigh on home improvement activity. Planet Fitness wsj.com logged higher profit and revenue in the fourth quarter as it added members and opened locations, forecasting continued growth ahead.
Technology & AI
Meta finance.yahoo.com and AMD investing.com announced a 6-gigawatt GPU deal as part of Meta's AI buildout, sending AMD shares surging 14%. Stripe bloomberg.com reached a $159 billion valuation in an employee tender offer as payment volume soared. Arm Holdings investing.com saw potential for greater CPU share according to Bof A, while Qualcomm investing.com gained after Wells Fargo saw up to $7 billion in revenue from data center chips.
Healthcare & Pharmaceuticals
Novo Nordisk bloomberg.com plans to slash US list prices for its blockbusters Wegovy and Ozempic next year as the drugmaker struggles to compete with rival Eli Lilly. Medtronic Diabetes Business Mini Med bloomberg.com is seeking to raise as much as $784 million in an initial public offering after separating from the health-care giant.
Energy & Commodities
US natural gas bloomberg.com futures declined in thin trading as weather forecasts shifted warmer, indicating lower demand for the heating and power-plant fuel. Soybeans bloomberg.com nudged further down from a three-month high in Chicago as US Department of Agriculture data signaled weaker demand for American exports amid trade uncertainty.
Macro & Policy
Federal Reserve Bank of Chicago President Austan Goolsbee bloomberg.com said he is a little more concerned about inflation right now because the job market appears "pretty steady." Hungary's central bank bloomberg.com cut its key interest rate for the first time in almost a year and a half after the inflation rate fell below the central bank's target.
International Markets
China bloomberg.com is becoming more attractive as an investment destination due to its tech prowess, according to Deutsche Bank's global chief investment officer for private banking. The Philippines bloomberg.com may see inflows of about $3 billion if the nation's government bonds are added to JPMorgan's benchmark emerging-market index this year.
Mergers & Acquisitions
Paramount ft.com sweetened its offer in the battle for Warner Bros Discovery, though WBD continues to back Netflix's rival offer. Gilead ft.com agreed to buy cancer drug developer Arcellx for up to $7.8 billion as pharmaceutical groups rush to acquire smaller biotechs with proven drug pipelines.
Fixed Income & Credit
US Treasuries bloomberg.com steadied as demand for havens eased and investors focused on near-term risks for bonds. Swiss franc corporate bond sales bloomberg.com could top 25 billion this year, potentially far beyond the market's normal volumes if low interest rates spur more international borrowers to follow Google's debut.
Regulatory & Political Developments
President Trump's new 10% global tariffs bloomberg.com went into effect after the Supreme Court struck down his earlier sweeping levies. The European Union bloomberg.com will unveil a proposal to ban remaining imports of Russian oil on April 15, just three days after elections in Hungary.
Private Markets & Venture Capital
Stripe ft.com hit a $159 billion valuation as payment volume soared, allowing the payments company to stay private for longer. Raine Group wsj.com hired a former Credit Suisse IPO veteran, betting on 2026 being a blockbuster year for technology debuts and fundraising.