BEFORE THE OPEN

MARKETS:

• U.S. stock futures flat Thursday night.

• Dow Jones futures down 15 points (0.05%), S&P 500 and Nasdaq 100 futures dip.

• Muted Thursday session, Dow -10 points (0.03%), S&P 500 and Nasdaq down 0.1%.

• Focus on September jobs report, expected 170,000 job additions, 3.7% unemployment rate.

• Bond yield concerns persist, 10-year Treasury yield hits 16-year high, Dow goes negative for the year.

• Dow headed for third consecutive weekly loss (-1.16%), S&P 500 down fifth straight week (-0.7%), Nasdaq steady.

EARNINGS

• Full earnings calendar here

NEWS BRIEFING

Treasury-Bond Collapse Ranks Among the Worst Market Crashes in History

SEC Seeks to Force Musk Testimony on Twitter Stock Purchases

• What to expect from Friday’s jobs report (more)

• The 5% bond market means pain is heading everyone’s way (more)

  • Soaring Treasury yields ignite turbulence throughout markets (more)

  • Bond traders are betting historic sums on November Fed meeting (more)

  • Only an equities crash can rescue the bond market, Barclays says (more)

• U.S. jobless claims increase slightly to 207,000 for the week (more)

• Peak crude demand is fueling anger and argument in the world of oil (more)

• M&A traders see deals return in 2024 during software consolidation (more)

• Goldman’s create-your-own ETF hub for clients debuts first funds (more)

• UAW latest: New Ford offer, more layoffs, GM secures $6B credit line amid strike (more)

• Flexport plans to lay off 30% of workforce (more)

• Tesla slashes prices of Model 3, Models Y vehicles in US (more)

• Hyundai, Kia are the latest to switch to Tesla EV charging (more)

• America’s food giants confront the Ozempic era (more)

• Legal cocaine is coming, this Canadian startup predicts (more)

• Birkenstock the latest shoe to drop in a tough IPO market (more)

• Jet service JSX says American, Southwest behind FAA’s charter safety review (more)

• X to test three tiers of service in latest Musk overhaul (more)

• Gen Z is just not that into beer, Molson Coors CEO says: ‘We’re moving into non-alc products' (more)

• Prada and Axiom Space collaborate to design NASA's lunar spacesuits (more)

• FTX employees found Alameda's secret backdoor months before collapse (more)

• Rolls-Royce CEO Torsten Muller-Otvos retires after boosting sales six-fold (more)

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DEALFLOW

• Newmont's $16.7 bln Newcrest deal gets all regulatory nods; nears shareholder vote (more)

• Eagle Football is said to target $200M in pre-IPO round (more)

• At One Ventures, a climate tech venture capital firm, launched its $375M second fund (more)

• Lendbuzz, a financial technology company, raised $345M in debt and equity financing (more)

• Headway, a mental healthcare tech startup, reportedly raised $125M in Series C funding (more)

• Observe, a SaaS observability company, raised $50M in Series A3 funding (more)

• Blackbird Labs, a hospitality technology company, raised $24M in Series A funding (more)

• rabbit, an AI company focusing on advancing an AI-powered personalized operating system, raised $20M in funding (more)

• Opera, a provider of a DevOps platform used by Fortune 500 companies, raised $12M in Series A Plus funding (more)

• Swag Golf, a golf accessory, equipment and apparel company, raised $10M in Growth funding (more)

• Clarix Imaging, a medical technology company, raised $10M in funding (more)

• Pow.Bio, a startup developing intelligent continuous fermentation technologies for sustainable biomanufactured products, raised $9.5M in Series A funding (more)

• Lokavant, a clinical trial intelligence platform company, raised $8M in funding (more)

• Aampe, a provider of an AI-native user engagement platform, raised $7.5M in Pre-Series A funding (more)

• Ounce, a health and housing company, raised $5.2M in Seed funding (more)

• Muir AI, a climate tech startup, raised $3.25M in seed funding (more)

• Mitiga, a cloud and SaaS incident response company, received a strategic investment from Cisco Investments (more)

• Carson Life, a natural health and beauty products company, raised a multi-million dollar revenue based financing (more)

• Experic, a contract development and manufacturing organization (CDMO) and clinical supply services company, raised an undisclosed amount in Series B extension (more)

• Cove, a company providing biodegradable materials and packaging technologies, raised and undisclosed amount in funding (more)

• Smileyscope, a company advancing digital therapeutics, raised an undisclosed amount in Seed Prime funding (more)

M & A:

• Exxon in advanced talks for $60B acquisition of Pioneer (more)

• Sanofi to explore acquisition of cancer drugmaker Mirati (more)

• Bunge shareholders approve merger with Viterra, closing expected in mid-2024 (more)

• Suncor Energy to acquire TotalEnergies' Canadian oil sands stake for C$1.47B (more)

• Tenable, an exposure management company, acquired Ermetic, a cloud-native application protection platform (CNAPP) company and a provider of cloud infrastructure entitlement management (more)

• Kraken, a company providing crypto platforms, acquired Coin Meester B.V. (BCM), a registered crypto broker in the Netherlands (more)

• ArcLight buys Commercial Distributed Generation Portfolios (more)

• Milton Street Capital purchases Purge Rite (more)

CRYPTO

• Caroline Ellison is one of the only people who knows ‘truth’ behind SBF’s fall (more)

• Hong Kong tightens scrutiny of Crypto exchanges after JPEX blowup (more)

• Crypto VC funding falls to 3-year lows as market rout continues (more)

• Banks would have to disclose Crypto holdings under new BIS plan (more)

BULLISH BITES

🎉 Generative AI Is Coming for Sales Execs' Jobs—and They're Celebrating → Wired

🗞 The Remaking of The Wall Street Journal → NYT

🎥 Can You Tell How You Come Across on Zoom?→ HBR

DAILY SHARES

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