BEFORE THE OPEN

MARKETS:

• Stocks rose slightly Friday amid Fed rate hike worries

• S&P 500 up 0.14% after 3-day losses

• Dow gained 0.22%, Nasdaq up 0.09%

• Weekly losses for S&P (-1.3%), Nasdaq (-1.9%), Dow (-0.8%)

• Energy stocks climbed with 1.4% weekly gain

• Tech stocks rebounded; Apple up 0.4%, Microsoft, Salesforce up 1%

• Economic data fuels rate hike fears; November hike chances above 40%

• DocuSign down 3.7% despite strong Q2; RH fell 15.6% on weak Q3 guidance

EARNINGS

Here’s what we’re watching this week:

• Today: Oracle (ORCL)

• Thursday: Adobe (ADBE)

• Full earnings calendar here

NEWS BRIEFING

Apple’s iPhone 15 Event Kicks Off Tomorrow. Here’s What To Expect…

Auto Workers Reject Detroit Three Contract Offers, Ready To Strike

• 22 years of 'never forget,' Biden is spending 9/11 in... Alaska (more)

  • Two 9/11 victims identified more than two decades after World Trade Center attacks (more)

• Apple suppliers slide on China anxiety, threat from Huawei (more)

  • Huawei’s surprise phone gives ammo to Biden doubters on China (more)

• Wall Street fears a too-hot economy as recession bets plunge (more)

• Stock market drives U.S. households to record wealth (more)

• Musk says he refused Kyiv request for Starlink use in attack on Russia (more)

• Barclays to cut hundreds of jobs across trading, investment bank (more)

• Kroger to divest over 400 stores in bid to close $25 billion Albertsons deal (more)

• Charter-Disney cable TV dispute leaves some NFL, U.S. Open fans in the dark (more)

• Tesla’s 2024 Model 3 Highland has put everyone on notice (more)

• Shrink and theft losses near $1 billion at Lowe’s — here’s how much they’re costing other retailers (more)

• Retail workers are fed up and quitting at record rates (more)

• Chevron pulls contract crew from Australia LNG project as strikes begin (more)

• Roblox opens its marketplace of 3D virtual goods to the masses while pushing AI and subscriptions (more)

• Uber working on TaskRabbit-like service in potential expansion (more)

• FTX probing If millions in payments to Shaq, Naomi Osaka can be reversed (more)

• Taylor Swift is single-handedly giving a boost to hotel industry revenue (more)

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DEALFLOW

• UK's Motor Fuel Group in $2.5 billion fuel stations deal talks with Morrisons (more)

• Covestro board enters formal talks on $12 billion ADNOC approach (more)

• Ritz-Carlton yacht collection targets $400 million fundraise (more)

• U.S. food companies go deal hunting as pandemic growth fades (more)

• UK's Restaurant Group in talks with Cafe Rouge owner to divest leisure business (more)

• Big Navajo Energy, a company developing clean and renewable energy solutions, received an investment from Brown Venture Group (more)

• BFC, a provider of warehouse management & logistics software for food distributors, received a strategic investment from M33 Growth (more)

• Pax8, a cloud commerce marketplace, received growth capital financing from HSBC (more)

• Virgin Voyages, a cruise brand from Richard Branson’s Virgin Group, raised $550M Capital Raise (more)

• Apollo Therapeutics, a portfolio biopharmaceutical company, raised $226.5M in Series C (more)

• Imbue (fka Generally Intelligent), an AI research company, raised $200m in a Series B funding round (more)

• EIT InnoEnergy, a sustainable energy investor, raised over €140M in private funding (more)

• Mujin, an intelligent robotics for manufacturing company, raised $85M in Series C funding (more)

• BlueWhale Bio, a new company spun out of the University of Pennsylvania to overcome key bottlenecks in cell and gene therapy manufacturing, raised $18M in funding (more)

• Ello, a developer of an AI reading coach, raised $15M in Series A funding (more)

• Advantek Waste Management Services, an industrial waste management company, raised $8M in Seed funding (more)

• Mindtrip, a Generative AI-native company building a new way to plan and book trips, raised $7M in seed funding (more)

• Takes, a provider of a sports experience app, raised $1.6M in Seed funding (more)

M & A:

• Roche open to big acquisitions 'if it makes scientific and financial sense', CEO says (more)

• Walmart to explore buying majority stake in ChenMed (more)

• Indonesia's Pertamina Geothermal in talks to buy KS Orka unit for up to $1 billion (more)

• EagleView's owners explore sale of aerial imagery provider (more)

• Alchemy Copyrights to buy Round Hill Music for about $469M (more)

• Access Group, a management software provider, acquired Diversely, a provider of an inclusive recruitment solution (more)

• ISN, a provider of contractor and supplier management solutions, acquired Transparency-One, a supply chain mapping technology platform (more)

CRYPTO

• Boss of failed Crypto exchange gets 11,000-year sentence (more)

• Texas Bitcoin miners are shuttering operations while power crisis Intensifies (more)

• Ripple buys crypto infrastructure startup in its second acquisition of 2023 (more)

• Winklevoss claims fuel US investigation of Barry Silbert’s DCG Crypto empire (more)

BULLISH BITES

🗽 Condoleezza Rice's Lost September 11 Speech
The long-hidden drafts of Condoleezza Rice's remarks offer a portrait of a lost world—and some lessons for the present… → The Atlantic

🇵🇹 What It’s Like in Europe’s Popular Crypto Haven Portugal as the U.S. Cracks Down
Quality of life, bitcoin-friendly tax laws and a huge influx of expats have made Lisbon one of the crypto capitals of the world… → CNBC

🎤 Taylor Swift could change the movie theater industry with her Eras Tour concert film… here’s how → CNBC

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