Public Markets 3d Briefing
×Market Moves
The S&P 500 fell sharply bloomberg.com after volatile trading, marking its first two-week loss since June. Entrata yahoo.com is working with Goldman Sachs and JPMorgan on an IPO, while BlackRock investing.com is positioning Liftoff Mobile for an IPO. Greer, Schwarzman bloomberg.com are lined up for the Australia Pensions Summit, seeking to showcase the A$4.5 trillion sector. Catawba County man yahoo.com was convicted of reselling heavy machinery and defrauding Helene victims, highlighting ongoing regulatory scrutiny.
Macro & Policy
Japan may intervene to buy yen bloomberg.com amid speculation. Ecuador ft.com is eyeing a $4B bond sale return. The Fed’s Hammack warned of potential ‘tighter’ policy as oil shock lingers, while Sri Lanka investing.com is in a ‘good position’ to absorb price shocks. Iran’s Revolutionary Guards yahoo.com are taking a wartime lead, ensuring a harder line, according to sources. Qatar’s LNG bloomberg.com facility remains intact despite drone strikes.
Deals & Markets
Francisco Partners bloomberg.com completed a $2.2B take-private of Jamf. Novo Nordisk bloomberg.com plans to sell weight-loss drugs on Hims & Hers’ platform, ending a feud. Oracle ft.com and OpenAI ft.com scrapped a deal to expand Texas data centers, while Meta ft.com is in talks to take up unused capacity. Kalshi and Polymarket are each eyeing roughly $20B valuations. Catawba County man yahoo.com was convicted of crimes related to reselling heavy machinery and defrauding Helene victims.
Geopolitics & Commodities
Brent crude bloomberg.com surged as Asian buying tightened the market, while Saudi Arabia investing.com increased diplomatic efforts with Iran to contain conflict. Iran War bloomberg.com effects are critical for energy markets, with Oil at $85 bloomberg.com making Nigeria a winner and Congo facing losses. Gulf’s Investcorp bloomberg.com secured over $1.1B for a fund buying minority stakes in private investment firms.
Corporate & Markets
Google ft.com gave CEO Sundar Pichai a new pay deal worth up to $692mn. Nvidia investing.com tied CEO Huang’s $4M bonus to 2027 revenue milestones. Morgan Stanley bloomberg.com led Cerebras’ IPO return. Gap bloomberg.com reported slightly below-expectations sales, while BofA downgraded Nexi on weaker growth. Wall Street bloomberg.com is rattled by weak jobs reports, with S&P 500 bloomberg.com futures little changed.
Regulatory & Trends
The SEC ended its case against Crypto Billionaire Justin Sun bloomberg.com, while Crypto bill hits a new impasse. SEC ft.com rules mandate civilian government contracts make AI models available for ‘any lawful’ use. BofA investing.com upgrades Ciena on cloud spending, and Citi bloomberg.com’s security unit faces criticism for protecting the bank. Private Debt bloomberg.com should face a ‘full-blown default cycle,’ Pimco says.