Public Markets 3d Briefing
×Market Volatility & Tech Sector
Goldman Sachs bloomberg.com is set to move into the landmark Milan office that was Credit Suisse's Italian headquarters, underscoring the US bank's growing footprint in the country. European AI chip startup Axelera finance.yahoo.com raised an additional $250 million, highlighting continued investor appetite for semiconductor innovation. AMD ft.com is betting on Meta's endorsement to attract other hyperscalers to its data center chips, following the Kim Kardashian theory of data center marketing.
Corporate & IPO Activity
Mini Med Group bloomberg.com, the diabetes management firm separating from Medtronic, is seeking to raise as much as $784 million in an initial public offering. Temenos investing.com guided 9% earnings growth for 2026, signaling steady performance in banking software. Booking Holdings investing.com was lifted to Buy as analysts say it will remain a 'key driver of travel' despite market uncertainty.
Macroeconomic & Policy Developments
Austan Goolsbee bloomberg.com called Jerome Powell a 'first ballot Hall of Fame Fed Chair' while expressing increased concern about inflation as the job market appears 'pretty steady.' US banks bloomberg.com showed broad gains in key metrics during Q4 despite a modest decline in overall profit, with the deposit insurance fund balance continuing to tick higher. Hungary bloomberg.com cut its key interest rate for the first time in 18 months but pledged to stay cautious to protect the stability of the local currency.
Energy & Commodities
Oil bloomberg.com is holding near a seven-month high as investors await the next round of US-Iran talks, with prices climbing on concerns about potential fallout from a US strike on Iran. US natural gas bloomberg.com futures declined in thin trading as weather forecasts shifted warmer, indicating lower demand for heating and power-plant fuel. Gold wsj.com settled 0.9% lower, snapping a two-session winning streak, while silver rose 1.1% for a fifth-consecutive session.
Private Equity & M&A
Brookfield Asset Management bloomberg.com bought cloud-computing firm Ori Industries in a bet that governments and tech companies will need chips to win an escalating artificial-intelligence race. Dan Loeb bloomberg.com says the 'lost art of short selling' is making a comeback as opportunities emerge to bet against crowded trades. Boaz Weinstein bloomberg.com is stepping up warnings on private credit, saying turmoil surrounding Blue Owl Capital's funds is exposing deeper cracks in the $1.8 trillion industry.
International Markets & Trade
Colombia bloomberg.com slapped 30% reciprocal tariffs on more than 60 goods from Ecuador, escalating a trade dispute between the two neighboring countries. 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. The European Union bloomberg.com is poised to halt the ratification process of its trade deal with the US as it awaits more details on the new tariff program from President Donald Trump's administration.
Technology & AI
Anthropic finance.yahoo.com launched new enterprise offerings, raising the heat on software companies as partnerships ease AI disruption fears. Intuit investing.com partnered with Anthropic to bring custom AI agents to businesses. Google investing.com was upgraded as Wells Fargo cites widening AI capacity lead. Qualcomm investing.com gained after Wells sees up to $7 billion revenue from data center chips.
Financial Services & Banking
Raymond James investing.com upgraded Genuine Parts on breakup value. Morgan Stanley investing.com upgraded Freshpet on upside from same-day grocery delivery. Deutsche Bank investing.com downgraded Blue Owl on weaker retail credit flows. UBS investing.com cut Gerresheimer to "sell," slashing PT to €12.90 on leverage concerns.
Real Estate & Infrastructure
Eversource Energy bloomberg.com raised $1.5 billion from selling its first hybrid bonds as the New England utility operator looks to refinance debt. PSP Swiss Property investing.com posted higher FY25 profit as revaluations offset operating decline. Panama yahoo.com seized 2 key canal ports from Hong Kong operator following Supreme Court ruling.
Luxury & Consumer
Bernard Arnault bloomberg.com further tightened his grip on LVMH after delivering on a promise to boost his holding in the luxury group beyond the 50% mark. Saks Global bloomberg.com said hundreds of brands including Burberry and those owned by luxury powerhouses LVMH and Kering have either resumed or continued shipping to the troubled retailer. Telecom Italia bloomberg.com proposed an up to €400 million stock buyback and a 1-for-10 reverse stock split to overhaul its equity profile after selling off assets.
Emerging Markets & Currency
Cheap stocks bloomberg.com are becoming harder to find in the rotation out of US markets, according to Soc Gen, as attractive equity valuations in Europe and Japan fast disappear. The dollar investing.com edged higher amid trade uncertainty while the euro remained stable. Investors investing.com are being advised to buy the dip in stocks amid geopolitical jitters.
Healthcare & Biotech
Novo Nordisk investing.com selloff continued as the stock got hit with rating downgrades. Medtronic's diabetes unit Mini Med seeks $784 million in US IPO. Regis Healthcare investing.com shares surged on strong first-half earnings. Convatec investing.com FY25 shares jumped 8% on growth target raise despite $72 million writedown.