BEFORE THE OPEN

MARKETS:

• Nasdaq 100 futures slip after Apple's quarterly results.

• Apple shares fall 3% due to weak revenue outlook.

• Square stock rises 13% on earnings beat and guidance raise.

• Thursday's regular session sees a broad stock rally.

• October jobs report's outcome could impact market momentum.

• Dow on pace for its best weekly performance since October 2022.

• S&P 500 and Nasdaq set for their best week since November 2022.

• Upcoming earnings reports include Church & Dwight, Dominion Energy, and Cardinal Health.

EARNINGS

• Full earnings calendar here

NEWS BRIEFING

GUILTY OF ALL CHARGES

FTC: Amazon Made $1 Billion Through Secret Price Raising Algorithm

• House passes Israel Aid tied to IRS cuts, triggering Biden clash (more)

• Powell touting tight financial conditions causes them to loosen (more)

• The race to regulate AI has begun (more)

• US regional banks shares surge after Bill Gross says they have hit bottom (more)

• Toronto stock exchange has 1 IPO this year in historic dry spell (more)

• The US housing market has become an impossible mess (more)

• UAW President is ready to take on Tesla (more)

• Goldman Sachs to promote 608 to managing directors, down from 2021 (more)

• Apple’s CEO struggles to soothe concerns that iPhone is in trouble in China (more)

• Uber’s shipping CEO says the freight recession is at a new tipping point (more)

• Amazon’s Jeff Bezos announces move to Miami from Seattle (more)

• Toyota recalls 1.8 million RAV4’s due to battery fire risk (more)

• Cheerios maker sees American consumers turning to cheaper brands (more)

• Shein turns to Western executives to become even more global (more)

• The definitive account of how WeWork went from a $47B valuation to a basket case in just 6 weeks (more)

• More Ivy Fallout:

  • Wall Street titans help to fuel Ivy League donor revolt (more)

  • Investor Steve Eisman tells Penn to take his name off scholarship as school faces criticism during Israel-Hamas war (more)

  • Top law firms send letter to top schools - they won’t recruit from college campuses that tolerate antisemitism (more)

DEALFLOW

• Bee Partners, a venture capital firm specializing in DeepTech preSeed investments, closed its fourth fund, at over $50M (more)

• Stellaromics, a provider of in situ spatial multi-omics technology, raised $25M in Series A financing round (more)

• Xage Security, a real-world zero trust cybersecurity company, raised $20M in additional funding (more)

• Payroll Integrations, an employee financial well-being technology company, raised $20M in Series A funding (more)

• Genezen, a cell and gene therapy contract development and manufacturing organization (CDMO), raised $18.5M in Growth Equity funding (more)

• Aclarity, Inc., a leader in PFAS (Per- and Polyfluoroalkyl Substances) “forever chemical” destruction, closed its $15.9M Series A funding round (more)

• ProJenX, Inc., a biotechnology company, announced the initial closing of a $15M Series A financing (more)

• Govly, a market network for public sector procurement, raised $9.5M in Series A funding (more)

• Work Shield, a workplace misconduct incident management technology company, raised $6M in funding (more)

• Dashtoon, a provider of a platform for storytellers and their content, raised $5M in Seed funding (more)

• Treads, a car maintenance subscription platform, raised $4.6M in seed funding (more)

• Zephr, a developer of next-generation GPS technologies, raised $3.5M in seed funding (more)

• Responsiv, a provider of an AI Assistant for in-house legal teams, raised $3M in Seed funding (more)

• ClinOne, a provider of a technology platform connecting, informing, and empowering patients in global clinical trials, raised $2M in additional funding (more)

• Real Estate Business Analytics, a data analytics company, received a multi-million dollar growth funding from Decathlon Capital Partners (more)

• Final Offer, a consumer-facing offer management and negotiation platform driven by real estate agents, raised $5M in Series A funding (more)

M & A:

• Intevity, a digital technology consultancy company, acquired Techabo, a digital consulting agency (more)

• Summit 7, a provider of cybersecurity and compliance services for the defense industrial base, acquired CSW Systems, a provider of managed services and continuous compliance support for classified data processing facilities (more)

• qBotica, a technology and automation solutions provider, acquired Healthomation, a healthcare automation company (more)

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CRYPTO

• Year's best-performing Crypto token is tied to Sam Bankman-Fried (more)

• Crypto push splits bulls and bears at $900 billion fund manager (more)

• PayPal faces SEC subpoena over its PYUSD stablecoin (more)

BULLISH BITES

🦄 10 years since the term ‘unicorn’ was coined, we’ve almost come full circle

🐎 'The Hermès Game': how the luxury house is defying the slowdown

🚫 'Doritos Silent', or "the world's first AI-augmented snack," brings crunch cancellation technology to gamers

😩 HBO made employees create fake social media accounts to Hhrass TV critics? Absolutely insane

🙌 Explore 1000's of hands-on classes and one month free with Skilllshare

DAILY SHARES

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