BEFORE THE OPEN

PRE-MARKET:

MARKETS:

• Nasdaq 100 futures down 0.5% after Intel's weak outlook.

• S&P 500 futures drop 0.2%; Dow futures slip 0.2%.

• Intel stock falls 10% in after-hours trading on disappointing guidance.

• S&P 500 and Nasdaq extend winning streak to six days.

• Encouraging GDP data boosts investor optimism.

• Focus today: upcoming inflation data and earnings reports from Norfolk Southern, Colgate-Palmolive, and American Express.

EARNINGS

What we’re watching:

• Today: American Express (AXP)

Full earnings calendar here

HEADLINES

US Extends Lead Over China in Race for World’s Biggest Economy

Alphabet, Microsoft and Meta Close at All-Time Highs Ahead of Earnings Next Week

• US GDP grew 3.3% last quarter, capping unexpectedly strong year (more)

• FTC investigating Microsoft, Amazon, and Google investments into OpenAI and Anthropic (more)

• Yellen touts GDP numbers as a boon to the middle class (more)

• Biden admin's tightening of natural gas exports raises national security concerns (more)

• Mortgage rates climb, adding to affordability woes (more)

• KKR-backed BrightSpring raises $693 Million in IPO priced below range (more)

• Apple becomes China's top smartphone as shipments dip (more)

• Southwest Airlines removes MAX 7 from 2024 plans, cuts delivery forecast from Boeing (more)

• Apple overhauls App Store, iPhone features in EU to appease regulators (more)

• Tesla stock falls 12% as EV maker warns production growth will be 'notably lower' than 2023 (more)

• Tech companies are slashing thousands of jobs as they pivot toward AI (more)

• Microsoft lays off 1,900 workers, nearly 9% of gaming division, after Activision Blizzard acquisition (more)

• Paramount CEO announces layoffs as cost pressures, take-private talks build (more)

• Levi Strauss plans to cut at least 10% of its global corporate workforce in restructuring (more)

• Private equity faces pressures of growing old (more)

DEALFLOW

M & A | INVESTMENTS

• BPCE sounds out rivals for asset management tie-up (more)

• VidIQ, a provider of analytics suite for content creators, acquired Creator Now, a creator education platform (more)

• Voltron Data, a company accelerating modular and composable data analytics systems, acquired Claypot AI, a real-time AI platform startup (more)

• Taqtile, a maker of Manifest®, a spatially-enabled work-instruction platform serving the industrial and defense sectors, received an investment from Scout Ventures (more)

• NPI, a provider of data-driven IT procurement solutions for large enterprises, received an investment from Falfurrias Growth Partners (more)

• Woolpert acquires Bermello Ajamil & Partners (more)

• Roper Technologies agrees to buy Procare for $1.86B (more)

• Halifax Group’s Case FMS merges with LFX (more)

• Kain Capital makes follow-on investment in MY DR NOW (more)

VC

• Bastille, a supplier of wireless threat intelligence technology to high-tech, banking, and the intelligence community, raised $44M in Series C funding (more)

• Captura, a direct ocean capture company, raised $21.5M in Series A funding (more)

• Elo Life Systems, a food and ingredient company providing a molecular farming platform, raised $20.5M in Series A2 funding (more)

• Doppel, an AI-native digital risk protection company, raised $14M in Series A funding (more)

• ZWI Therapeutics, Inc., a biotechnology company focused on the development of protein therapeutics using proprietary new polymers, announced the close of a $10M Series A financing (more)

• Circular Genomics, a company specializing in advancing circular RNA biomarkers for precision psychiatry and neurology, raised $8.3M in Series A funding (more)

• Dupr, a provider of a pickleball’s international rating system, raised $8M in funding (more)

• Marstone, a digital investment and wealth planning firm, raised $8M in Series B funding (more)

• Isaac Health, a digital health company, raised $5.7M in Seed funding (more)

• Being Health, a psychiatrist-founded modern mental health practice provider, raised $5.4M in funding (more)

• AiCure, an AI and advanced data analytics company focused on clinical trials, raised $12M loan refinancing and has also raised an additional $4M+ from its existing investors (more)

• Krepling, an e-commerce channel management platform, raised $3.3M in seed funding (more)

• Birdwatch, a home maintenance tech and services company, secured $3.2M in seed funding (more)

• Attune, provider of an engagement banking platform, closed a seed funding round, raising $2.25M (more)

• ViralMoment, a provider of AI-powered social video insights and analytics solutions, raised $2.5M in Seed funding (more)

FUNDRAISING

• Wynnchurch closes Fund VI at $3.5B (more)

• Arlington Capital Partners raises record $3.8B fund (more)

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CRYPTO

• Bitcoin ETF flows show negative trend for first time since launch (more)

• SEC pushes back BlackRock’s spot ether ETF decision (more)

• Crypto fans got what they wanted. So why is bitcoin falling? (more)

• Spot Ether ETF applications decisions delayed by SEC (more)

BULLISH BITES

👀  Eye opening: Read the explosive resignation letter sent by the chairman of Sports Illustrated's publisher.

💥 Game-changer: How a lucky break fueled Eli Lilly’s $600 Billion weight-loss empire.

🔎 In the spotlight: The sleepy copyright office in the middle of a high-stakes clash over A.I.

👜 Palm Beach: What the ultrarich wear to the grocery store.

🛳 Icon of the sea: Here’s why Americans are obsessed with big cruise ships.

DAILY SHARES

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