BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↑ 41.67% for Week of SEP 18 2025

Market Wrap:

• Futures: Dow -51 (0.11%), S&P -0.13%, Nasdaq -0.15%

• Last week: S&P +1.2%, Dow +1%, Nasdaq +2.2%

• Fed cut rates 0.25% first since December

• Markets now pricing in two more cuts this year (CME FedWatch)

• Barclays’ Cau: further equity support hinges on strong macro data

• This week: PCE inflation report, Fed’s preferred gauge

EARNINGS

Here’s what we’re watching this week:

• Today: Micron $MU ( ▲ 1.16% )

  • *AutoZone $AZO ( ▼ 0.47% ) - $50.94 eps (down from $51.58 a year ago) on $6.25B (+0.8% growth YoY)

• WED: KB Home $KBH ( ▼ 2.41% )

• THU:

  • Costco $COST ( ▼ 0.83% ) - earnings of $5.70 per share on $84.4B (+ 8.0% YoY)

See full calendar here »

A MESSAGE FROM WHITNEY TILSON

Former Google Insider Drops Bombshell —

Regardless of how you feel about Google...

It's undeniable that the tech giant has changed the world. It's moved the needle on AI, self-driving cars, video-streaming, and more.

That said, I believe its latest move will be bigger than all of those... COMBINED.

I've given talks at Google's headquarters. I even got to take a ride in one of its robotaxis before they went live in San Francisco.

I had NO IDEA what was going on behind the scenes... until now.

And what I've discovered blew me away.

Click here to get the full story.

According to one former Google insider, this "could be more important than the industrial revolution."

Regards,

Whitney Tilson
Editor, Stansberry Research

- a sponsored message from Stansberry Research -

HEADLINES

Nvidia to Invest $100 Billion in OpenAI

Tesla Hits 2025 High as Perfect Storm Drives 30% Gain in Past Month

• Wall St indexes post record closing highs again, with Nvidia, tech higher (more)

• Bessent sparks record Argentine bond rally with support pledge (more)

• Oil dips as Iraq exports rise amid demand concerns (more)

• TikTok deal won’t include ‘golden share’ or equity for US (more)

• Warren Buffett’s Berkshire Hathaway exits China's BYD (more)

• Oracle names Clay Magouyrk and Mike Sicilia as co-CEOs (more)

• More companies adopt co-CEO structure (more)

• Disney says Kimmel will return to the air tonight (more)

• Better Home doubles as Opendoor backer touts 'Shopify of mortgages' (more)

• Amazon faces trial on FTC charges related to Prime service (more)

• Hedge funds pile into banks, insurance, consumer finance (more)

• Nobel Prize winners call for binding international ‘red lines’ on AI (more)

• Citigroup taps Goldman, BNY veterans for senior wealth leadership roles (more)

• CVS’s Omnicare files for bankruptcy after $949M judgment (more)

DEALFLOW

M+A | Investments

• Pfizer to acquire weight-loss drug developer Metsera for up to $7.3 billion

• Real estate brokerage Compass to buy rival Anywhere in $4.2 billion deal

• Ramaswamy-backed Strive to buy Semler in $1.3 billion all-stock deal

• Office Depot parent to be acquired by Atlas Holdings for $1 billion

• Healthcare firm Premier to go private in $2.6 billion deal

VC

• AppZen, an agentic AI platform for finance teams, raised $180M in growth funding

• AusperBio, a privately held clinical-stage biotechnology company, raised $63M in Series B2 Funding

• Cardless, a credit card platform that lets product-first companies design and launch cards in-house, raised $60M in Series C funding

• Avenzo Therapeutics, a clinical-stage biotech company developing new oncology therapies, raised $60M in Series B funding

• Circuit & Chisel, an agentic commerce platform, raised $19.2M in Seed funding

• Salt AI, a contextual AI company for enterprise applications in life sciences and health tech, raised $10M in funding

• Unit 221B, a company delivering actionable threat intelligence and cybersecurity solutions, raised $5M in Seed funding

• Le Walk, a location-based, guided experiences app, raised $4.1M in Seed funding

• Lucid Green, a provider of item-level tracking, compliance, and consumer engagement solutions, raised new funding

CRYPTO

• US, UK joint task force to explore crypto regulatory collaboration (more)

• Cryptocurrencies sink as $1.5 billion in bullish bets wiped out (more)

• Tom Lee’s BitMine sells stock at $70 to raise add’l $365M for ETH Treasury (more)

• PayPal Ventures invests in Stable to expand PYUSD reach (more)

BULLISH BITES

📈 #1 Nuclear investment to buy today [link to ticker] * 

💰  OpenAI raids Apple for hardware talent, manufacturing partners.

👀 Inside Trump's deal to save TikTok.

🏠 The American Dream will cost you $5 million.

🥊 'Peak SF’ on a Friday night is a robot fight.

DAILY SHARES

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