US stocks tumbled yesterday as rising inflation put soaring yields back in focus

Chinese AI stocks fell after China opened investigations into DeepSeek and Moonshot on data security

US yields soared the most since 'Liberation Day' in April 2025

Dollar jumped to an eight-week high on further Fed rate hike bets 

Oil tanker costs hit record $1.2M/day

General Mills beat Q1 earnings estimates but maintained its cautious FY outlook as higher input costs squeeze margins (QZ)

Cracker Barrel smashed Q4 earnings and revenue estimates on continued improvements in underlying traffic trends and guest metrics as its new CEO keeps its strategy intact (WSJ)

What we're watching this week:  

Full calendar here

What is going on in Texas>? This is wild lol

Get a $50 bonus with code LIT on signup, only on the Polymarket US app

Morgan Stanley banker accidentally leaked 100+ deal pipeline (BBG)

US business activity is at a five-year high with inflation pressures rising (RT)

US 30Y mortgage rate hit a two-year high at 7% (RT)

US is open to extending China trade truce and a bigger deal (RT)

Canada is open to US trade deal but won't give up deeper EU ties (WSJ)

CFOs lift inflation outlook citing rates as concern (RT)

Analysts snap longest run of earnings upgrades in five years (BBG)

Single-client hedge funds attract growing share of capital (RT)

Private credit buzzes to getting in on JPMorgan's card empire (WSJ)

Blackstone preps CLO that mixes syndicated loans with private credit (BBG)

Apollo capped private credit fund redemptions for a third quarter (BBG)

Space investment more than doubled to $23B through June YTD (RT)

Turkey's nationwide funds liquidation has affected 500k investors (RT)

Scott Bessent could take on AI czar role (RT)

Meta debuts new 'charm' device and VR glasses (BBG)

OpenAI hacked an Australian government website (BBG)

Altman and Amodei call for global cooperation on AI safety (BBG)

SIG's 80-person prediction team launched a student contest (BBG)

L&G will cut 10% of jobs (FT)

Eight Sleep is nearing $1B in 'Pod' sales (BBG)

FDA plans major move to speed authorizations of vapes (WSJ)

Custom LP Reporting: IR professionals described turning a week of spreadsheet work building bespoke LP reporting into an afternoon using Chronograph's Claude Connector.

Cash Flow Forecasting: LPs are modeling commitment pacing against allocation targets within interactive dashboards pulling live Chronograph data.

Winning More Deals: Investment teams are querying every precedent on multiples, growth, and value creation in seconds when evaluating new deals, showing management teams their track record in comparable companies.

Goldman Sachs emerged as the lead bidder to acquire Palmer Square, a $37B AUM credit firm run by a husband-wife duo

Canadian engineering consulting firm WSP Global ended talks for Dutch peer Arcadis after it rejected two takeover bids offering a $6.3B valuation, including debt 

Australia blocked Insurance Australia Group's planned $960M takeover of RAC Insurance on competition concerns

Royal Caribbean agreed to acquire a 50% stake in all-inclusive retreat company Sandals Resorts International at a $6B valuation

$715M-listed UK investment firm Pollen Street is ‌exploring going private

Activist Jana Partners is urging $1.3B-listed theme park operator Six Flags to explore a sale

Ember Infrastructure Management offered to acquire UK subsea technology firm Ashtead Technology for $660M cash at a 13% premium

$500M-listed Canadian movie theater chain Cineplex may explore a sale

Spanish green steel startup Hydnum Steel is in talks for a 50% stake sale at a $350M valuation to help fund a government-backed project

Indian solar firm Waaree Energies will merge group-firm ​Indosolar with the company ‌in a $100M deal

The Arnault family ​will merge its holding company Agache with ⁠Christian Dior, which will directly hold 49.8% of LVMH shares ‌and ⁠66% of voting rights to simplify LVMH's shareholding structure

Data-security company Cyera raised a $400M Series G extension from Goldman Sachs Alternatives

Tekever, a Portuguese provider of AI-powered autonomous systems, raised a $580M Series D at a $6.4B valuation led by UC Investments and Baillie Gifford

Fever, a global technology platform for culture and live entertainment, raised $250M in primary equity financing led by EQT

Hubble Network, a satellite startup building a bluetooth-connected low-Earth-orbit constellation, raised a $200M Series C at a $1.6B valuation led by Smith Point Capital

Basecamp Research, a frontier AI company developing AI-designed medicines, raised a $140M Series C led by S32

micro1, the AI data training startup competing with Mercor and Scale AI, raised a $100M Series B at a $4B valuation 

Numeral, an AI-powered sales tax compliance platform, raised a $100M Series C led by Insight Partners

Ultraviolette Automotive, an EV platform and battery technology company, raised an $85M funding round led by Yali Capital and TDK Ventures 

Ema, a startup using teams of AI agents to automate corporate processes, raised a $77M Series B led by Creaegis

Moir, an identity-verification startup targeting synthetic media detection, raised a $50M seed round at a $250M valuation led by a16z and Sequoia

Pilgrim, a startup developing hardware to detect viruses in the air, raised a $25M seed round at a $150M valuation led by Buckley Ventures

$130B-listed Novo Nordisk is open to a direct listing in US

Airtel Africa, the African telecoms unit of Indian conglomerate Bharti Enterprises, filed for a smaller $800M London IPO of its mobile money business Airtel Money targeting an $8B-$9B valuation in what could be UK's biggest listing since 2021 

Triton Partners is exploring an IPO or sale of power transmission component maker Trench Group at a ten-figure valuation

Chinese chip foundry CanSemi Technology is seeking to raise $920M in a China IPO

Korean AI startup Wrtn Technologies picked Mirae Asset to lead its Korea IPO; the firm was valued at $890M in its Series C last month

SoftBank-backed used-car marketplace Carro is considering a dual $400M-$500M US and Singapore IPO

Finnish counter-drone company Sensofusion plans to raise $344M at a $1.5B pre-money equity valuation in a Finland IPO 

Kenya's leading supermarket chain Quickmart is planning a Kenya IPO

Real estate services platform WT Realty Group agreed to merge with FortuneX Acquisition Corp. at a $600M equity value

Aussie data center company Firmus Technologies is in talks for a $10B financing deal to buy Nvidia chips ahead of its $5B Australia IPO

US will purchase $6B of long-dated Treasury bonds 

Residential land REIT Millrose Properties plans to raise $1.5B in debt to fund homesite acquisitions 

Peloton is looking to raise $800M in a debut junk bond sale

New York raised $320M in a debut ESG bond sale

Two units of Indian conglomerate JSW Group plan to raise a combined $300M in local debt

Senior creditors including Elliott, Silver Point, and Farallon Capital are preparing to write off more debt and inject another $1.3B into struggling UK utility Thames Water to avoid UK taking temporary control

Lone Star Funds is considering handing control of struggling Italian coffee machine maker Evoca to creditors including Carlyle and Park Square

Trump Jr's investment firm 1789 Capital raised $2B for a targeted $3B second growth fund

$2B AUM tech-focused hedge fund SoMa Equity Partners will wind down

Korea's SWF KIC is exploring a $1B PE LP stakes sale 

Lower MM PE FOF Twin Bridge Capital Partners is seeking to raise $600M for a debut PE secondaries fund

Crypto private credit firm Thoro Capital Management launched a $300M fund anchored by crypto VC Hashed

AI bull Dan Ives is seeking to raise $200M in an IPO of Ives Ultra AI Opportunities, a closed-end fund to bet on private late-stage AI startups

VC Ibex Investors raised $87M for an Israel-focused secondaries fund

Coinbase was dropped as member of UK Finance lobby group

NYSE and Blockchain.com will explore selling tokenized stocks

ICYMI: F2 was built by former bankers, investors, and AI experts. Every engagement includes Forward Deployed Engineers who have structured deals and sat on ICs. Credit-native AI trusted by firms managing $400B. Try a demo.

a16z resurfaced an interview of Sam Altman from eight years ago, where he describes his time after selling his first startup. The most productive years of his life was when he was virtually unemployed. Incredibly underrated perspective…

FT published an insightful analysis on how PE ended up in limbo.