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Markets & Deals

The S&P 500 bloomberg.com dropped 1.2% in its worst week since June, marking its first two-week loss since June. Entrata bloomberg.com is working with Goldman Sachs and JPMorgan on an IPO. Vertiv bloomberg.com and EchoStar bloomberg.com are set to join the S&P 500 in the latest quarterly rebalance, S&P Dow Jones Indices said Friday. Cerebras Systems bloomberg.com has picked Morgan Stanley to lead its initial public offering, according to people familiar with the matter. Kalshi and Polymarket are each eyeing roughly $20 billion valuations, the rival prediction markets have spoken with investors about roughly doubling their previous valuations. Oracle ft.com and OpenAI ft.com scrapped a deal to expand flagship Texas data center. Boeing investing.com reportedly neared a $500 million deal with China ahead of Trump's visit. Baird investing.com upgraded Union Pacific investing.com on merger synergy outlook with Norfolk Southern investing.com. States prepare to challenge the $6.2 billion acquisition of Tegna by Nexstar bloomberg.com. DHL investing.com shares fell 3% as 2026 profit outlook disappointed, freight weakness biting. Samsung ft.com is in talks to take up additional computing capacity that the OpenAI ft.com maker will not take up. Meta ft.com in talks to take up additional computing capacity that the OpenAI bloomberg.com maker will not take up