Public Markets 8-Hour Briefing
×Market Overview
The S&P 500 sank on Monday, driven by fresh concerns about artificial intelligence's impact on financials and software companies. Nvidia, however, is expected to report strong results. Bonds rallied as investors sought safe havens. US natural gas futures fell, despite the winter storm.
Deals & IPOs
Generate Biomedicines Inc. is seeking to raise as much as $425 million in an IPO. Exchange Income Corp. is preparing its first bond sale, while Abbott Laboratories is selling $20 billion of bonds.
Macro & Policy
France moved to bar Charles Kushner from direct government access. ECB President Christine Lagarde emphasized the importance of central bank independence. Mexico detailed the killing of its most-wanted cartel leader. The US Supreme Court will hear cases regarding oil companies and climate lawsuits.
Company News
IBM shares plunged after Anthropic discussed COBOL modernization. Amazon shares slipped due to the Louisiana data center. PayPal attracted takeover interest. First Brands is laying off employees. AMC Entertainment narrowed its loss. Cosan is mulling an IPO of its gas company. Chevron is in talks for a stake in a major Iraq oilfield.
Sector Analysis
Software and payment shares declined after a Citrini Research report on AI risks. Wall Street analysts are supporting struggling US IPOs. European private lenders’ shares tumbled. Soybeans climbed as the US pushed partners to honor trade commitments. Retailers may see margins expand due to tariff rulings.
Legal & Regulatory
The Nevada Attorney General said Trump overstepped authority on tariffs. The Supreme Court ruling led Panama to order the occupation of key canal ports.
Other News
Nassim Taleb warned of software bankruptcies. NYC travel bans were extended due to the winter storm. U.S. 30-year mortgage rate dipped below 6%. Private equity returns slumped for a fourth straight year. English football teams face a ban on gambling sponsorships.