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BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
38.49% for Wk of Apr 25 2024 (Last week: 32.13%)

Market Recap:

• Dow futures up 0.02%, S&P 500 flat, Nasdaq slips 0.1%

• Airbnb dips 8% post-earnings; Robinhood climbs 3%

• S&P 500 nearly flat, Nasdaq down 0.2%; Dow gains 170+ points

• Today: Warner Bros. Discovery, Akamai earnings

• Weekly jobless claims data expected this morning

EARNINGS

What we’re watching this week:

• Today: Roblox (RBLX), Tapestry (TPR), Warner Bros. Discovery (WBD)

Full earnings calendar here

HEADLINES

S&P 500 ‘Bumps Into a Wall’ After Blistering Rally

China is Falling Behind in Race to Become AI Superpower

• US wholesale inventories drop by unrevised 0.4% in March (more)

• Bond selloff extends to Asia as stocks tread water (more)

• Money funds start shuffling assets ahead of SEC rule changes (more)

• Oil advances as US stockpile decline signals tighter market (more)

• US eyes curbing China's access to AI software like ChatGPT (more)

• 79% of US biotech companies contract with Chinese firms (more)

• Tesla autopilot probe - US prosecutors focus on securities, wire fraud (more)

• Shopify shares plunge 19% on weak guidance (more)

• Uber's not out of the woods yet (more)

• Trump war on short sellers pays dividends as ‘DJT’ stock rises (more)

• Musk’s xAI nears funding at $18 Billion value soon as this week (more)

• Neuralink’s first in-human brain implant has experienced a problem (more)

• Disney, Warner Bros. Discovery to bundle streaming services (more)

• AstraZeneca withdraws COVID-19 vaccine from global market (more)

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DEALFLOW

M+A | Investments

• Paramount in talks to open its books to Sony, Apollo (more)

• Apollo lines up $1.1 Billion of financing for US Silica buyout (more)

• SoftBank in talks to buy troubled AI chip firm Graphcore (more)

• Jay-Z’s Marcy Venture Partners nears deal with Pendulum Investment arm (more)

• Frasers Group nears deal for fashion chain Ted Baker (more)

• Reveal, provider of an AI-powered eDiscovery, review and investigations platform, acquired Onna Technologies, a platform to manage data from cloud-based collaboration tools (more)

• VSS-backed Olympus purchases Artisan (more)

• Latticework Capital’s ACRS buys Elixia (more)

• Granite Creek-backed VPS buys Diamond Animal Health (more)

• Craveworthy Brands acquires Untamed Brands (more)

• LottieFiles, an animation design platform, received a strategic investment from Webflow Ventures and Figma Ventures (more)

• Heartland, a material sciences company, received an investment from Chemovator (more)

• Elementary, an AI-powered machine vision company, received an investment from Rockwell Automation (more)

VC

• Atlan, a data and AI governance company, raised $105M in Series C funding (more)

• Delphia Therapeutics, a cancer therapeutics biotech company, raised $67M in Series A funding (more)

• Arbelos Markets, a principal liquidity provider in crypto derivatives markets, raised $28M in mix of seed equity and debt financing (more)

• RunPod, a company that empowers developers to deploy custom full-stack AI applications, raised $20M in Seed funding (more)

• Xona Space Systems, a network of small satellites to provide high-precision navigation services, raised $19M in Series A funding (more)

• Acclinate, a company specializing in mobilizing diverse communities for health equity, raised $17M in Series A funding (more)

• Panax, provider of an AI-driven cash flow management platform, raised $15M in funding (more)

• Blackwell Security, a provider of specialized cybersecurity solutions for the healthcare sector, raised $13M in funding (more)

• Ciba Health, a digital health company, raised $10M in Series A funding (more)

• ChangeEngine, an Internal Marketing & People Design Platform, raised $10M in Series A funding (more)

• Lucid Bots, a company specializing in robotics for labor-intensive tasks, raised $9.1M in Series A funding (more)

• Altera, an artificial intelligence company creating digital human beings, closed a $9M seed funding round (more)

• Provable Markets, provider of front, middle, and back-office tech solutions for Securities Finance, raised $8M in Series A funding (more)

• Rapid Liquid Print, an additive manufacturing startup, raised $7M in Series A funding (more)

• Greenboard, a compliance and operations software company for financial services, raised $4.5M in Seed funding (more)

• In-House Health, provider of an AI scheduling and management platform for nursing teams, raised $4M in Seed funding (more)

Any news or data you wish was included in your briefing?
…just hit reply and tell us!

CRYPTO

• FTX customers poised to recover all funds lost in collapse (more)

• Top crypto options desk QCP gets Abu Dhabi regulatory nod (more)

• Crypto markets under pressure as $2B worth of altcoin token unlocks and $11B Bitcoin distribution loom (more)

BULLISH BITES

🍎 Succession: John Ternus, Apple’s head of hardware engineering, is emerging as a potential successor to CEO Tim Cook.

💵 Protect your wealth: Your No-Cost Wealth Management Guide from Goldencrest isn't just advice – it's your survival kit in this economic battlefield. Download your complimentary guide » *

🌪 Vortex: The ‘world’s largest’ vacuum to suck climate pollution out of the air just opened.

💰 Selling out: Gold bars are selling like hot cakes in Korea’s convenience stores and vending machines.

📝  Internal memo: Shein's executive chair tells employees that the days of sourcing products from factories using forced labor are over.

DAILY SHARES

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