BEFORE THE OPEN

Pre-Market:

Market Recap:

• Futures stable after S&P 500, Nasdaq surge

• Dow up 0.06%, S&P 500 gains 0.05%, Nasdaq slips 0.02%

• Block soars 13%, Carvana climbs 23% after hours

• Nvidia fuels rally, S&P jumps 2.11%, Nasdaq 2.96%

• Dow hits record, S&P nears 2021 peak

• Majority S&P sectors positive, utilities sole loser

• All indexes set for winning week: S&P 1.6%, Nasdaq 1.7%, Dow 1.1%

• Warner Bros Discovery, Bloomin' Brands earnings eyed today

EARNINGS

What we’re watching this week:

• Today: Warner Bros. Discovery (WBD)

Full earnings calendar here

HEADLINES

Intuitive Machines Lands on the Moon in Historic First for a US Company

Reddit Files to List IPO on NYSE Under the Ticker RDDT

• Biden manufacturing rule could wipe out up to 1 million jobs (more)

• Tax evasion by millionaires and billionaires tops $150 billion a year, says IRS chief (more)

• Goldman pushes back bet on first Fed interest-rate cut to June (more)

• Stocks hit new records as Nvidia fires up AI mania (more)

• Fidelity manager dumps nearly all Treasuries on growth optimism (more)

• AT&T outage triggered by company work on network expansion (more)

• Reddit in AI content licensing deal with Google (more)

  • Sam Altman is Reddit's third-largest shareholder, SEC filing reveals (more)

• Nvidia identifies Huawei as top competitor for the first time in filing (more)

  • Nvidia’s surge puts CEO Huang on cusp of cracking world’s 20 richest (more)

• Mercedes-Benz backs off plan to only sell EVs by 2030 (more)

• Capital One acquisition has $1.4B breakup fee if rival bid emerges (more)

• JPMorgan CEO Dimon sells about $150 million of his shares, SEC filing says (more)

• Fund says it cracked the code on T-Bills without tax bills (more)

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DEALFLOW

M+A | Investments

• Woodside to sell $1.4B stake in gas project to Jera (more)

• ADNOC's $30B chemicals deal with Austria's OMV stalls (more)

• Teck Resources expects to close coal unit sale to Glencore by Q3, CEO says (more)

• EQT taps banks for $15B exit of school chain Nord Anglia (more)

• Delinea, a provider of solutions that extend Privileged Access Management, acquires Fastpath, a company specializing in Identity governance, admin, and identity access rights (more)

• Tufin, a company specializing in network/cloud security policy automation, acquired AKIPS, a provider of network monitoring solutions for enterprises (more)

• Blue Wire, a media company that allows independent podcasters to monetize their content, received a growth funding package from Decathlon Capital Partners (more)

• Banneker-backed Eyelit Technologies purchases Optessa (more)

• Charger Investment Partners buys SBG from Blue Point (more)

• LLCP acquires USA Water (more)

• ArcLight Fund VII purchases Lordstown (more)

• Lightsource bp, a solar energy and energy storage company, completed a $348M financing package (more)

• Xevant, a provider of healthcare analytics and technology solutions, received a follow-on investment from HCAP Partners and Tech Council Ventures (more)

• Arevon Energy, Inc., a renewable energy developer/owner/operator, secured over $1B in financing commitments for its Eland 2 Solar-plus-Storage Project in California (more)

• Healthly, a company that prioritizes primary care, support services, and preventative medicine, received funding from Corbel Capital Partners (more)

• Diamond Builders, a manufacturer prefab modular buildings, received an investment from LO3 Capital alongside Tamarix Equity Partners (more)

• Capital Square Partners invests in Trianz (more)

• Sandbrook Capital commits up to $460M to rPlus Energies (more)

• HGGC invests in Rimkus (more)

• CIVC invests in Highstreet (more)

VC

• Antora Energy, a leader in zero-emissions industrial heat and power, raised a $150M Series B funding round (more)

• Clumio, a company specializing in data backup and recovery for public cloud, raised $75M in Series D funding (more)

• Fabric, a developer of a care enablement system, raised $60M in Series A funding (more)

• Uhnder, a provider of commercial digital radar chips and software, raised $50M in Series D funding (more)

• Synadia Communications announced it has closed a $25 million Series B financing round (more)

• Crisp, a collaborative commerce company, raised total of $50M in new capital through a $20M Series B extension round and up to $30M in debt financing (more)

• PermitFlow, a company that simplifies the construction permitting process, raises $31M in Series A funding (more)

• Highway 9 Networks, a provider of a mobile cloud for delivering cloud-native mobility and services for the AI-driven enterprise, raised $25M in funding (more)

• Carewell, an online retailer focused on providing family caregivers with tools and resources, raised $24.7M in Series B funding (more)

• Pozitivf, provider of a fertility clinic network, raised $20M in funding (more)

• dub, provider of a copy-trading platform, raised $17M in Seed funding (more)

• Elve, a provider of millimeter wave amplifier technology, raised $15M in Series A funding (more)

• Helius, a vertically integrated developer platform that helps high-performance crypto applications build on Solana, raised $9.5M in Series A funding (more)

• Conservation Labs, provider of an AI platform that decodes audio data to reduce carbon emissions, energy, water usage, raised $7.5M in Series A funding (more)

• Clairity Technology, a company developing systems for carbon dioxide removal, raised $6.75M in Seed funding (more)

• Inco, a developer of a confidentiality layer for Ethereum and other networks, raised $4.5M in funding (more)

• VectorShift, a generative AI application development platform, raised $3M in Seed funding (more)

• Elektra Health, a digital health platform that helps women navigate the menopause journey, raised $3.3M in new financing (more)

• Singularity, a provider of a compliant institutional DeFi access layer, raised $2.2M in funding (more)

• Firsthand, a company enabling brands and publishers to build and distribute AI agents raised a Seed funding round of undisclosed amount (more)

• unybrands has closed its Series B funding round that provides flexibility for future acquisitions and organic growth initiatives (more)

CRYPTO

• Winklevoss Twins give $4.9 Million to crypto super PAC (more)

• Why Ether is outperforming Bitcoin by nearly 10% so far this year (more)

• Reddit discloses Bitcoin and Ether holdings in IPO filing (more)

• Jack Dorsey’s block is sitting on $207M gain on its Bitcoin bet (more)

BULLISH BITES

🧐 Shady-trade: Husband snooping on wife’s M&A work gets Insider Trading charge.

🪐 Investing in Space: Former NASA official explains ‘shots on goal’ approach to cargo moon landings

🛍 Lefties: Zara's secret weapon in fast-fashion fight against Shein.

🏁 ‘Burning Man for rednecks’: Inside King of the Hammers, the gnarliest off-road race of the year.

🇺🇸 Featured: New drug could help end obesity in America (Behind the Markets)

DAILY SHARES

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