Public Markets 3 Hours

Last updated: April 29, 2026, 2:30 PM ET

Technology & Infrastructure

Concerns over power supply for the burgeoning artificial intelligence sector are prompting calls for strategic infrastructure placement, as Britain’s energy grid boss urged developers to build new data centres in Scotland rather than London to meet capacity demands. Separately, KPMG announced plans to cut 4% of its U.S. advisory workforce, reflecting a broader slowdown in demand for certain consulting services across the Big Four accounting firms. Meanwhile, the future of AI training is being explored in historical contexts, with new research examining an LLM trained on living history data to see if it can accurately predict past events.

Corporate Dealmaking & Earnings

Porsche AG reaffirmed its full-year guidance as the automaker continues its strategic operational reset, navigating ongoing economic and geopolitical headwinds. In contrast, Robinhood shares plummeted following disappointing trading results, erasing as much as 30% of the stock’s recent surge observed earlier in the month. On the revenue front, Universal Music Group reported an 8.1% year-over-year growth in constant currency for the first quarter, reaching €2.90 billion, driven primarily by strong subscription and streaming uptake. to primary markets, Franco-German defense contractor KNDS is reportedly preparing for a dual listing in Frankfurt and Paris as early as this summer, though the process is currently shadowed by an internal probe into bribery allegations.

Markets & Macro Uncertainty

North American trade outlooks remain murky, causing CN Rail shares to slump the most since 2021 after quarterly revenue narrowly missed expectations. This broader uncertainty is also impacting fixed income, where the World Bank estimates that energy prices will surge by 24 percent in 2026, largely fueled by the Iran war, which is simultaneously dragging on global growth and inflation forecasts. In commodities, geopolitical shifts are benefiting specific sectors, as Atome PLC noted that rising risks are causing buyers to secure long-term contracts for low-carbon fertilizers. Investors are bracing for market clarity this evening, as traders await results from "All-In Wednesday," which will test whether the recent stock market rally can continue given the current concentration of long positions testing market sentiment.

Regulatory & Political Developments

Regulatory timelines are shifting in the UK, where the planned ban on ticket touts is now expected to be delayed by a full year, with draft legislation unlikely to appear before the next King’s Speech. In US policy, the Supreme Court’s recent voting rights ruling is poised to redraw political maps, potentially leading to Democrats losing at least one district in Louisiana before the midterms. On the pharmaceutical side, GSK is attempting to accelerate its pipeline development while also seeking to buy time to effectively compete in the market.