US stocks continued to recover on hopes for a US-Iran ceasefire ahead of Trump's address to the nation

Europe's Stoxx 600 index surged 2.5% in its best day in a year

Japan's Nikkei 225 surged 5.2% in its best day in a year

Korea's KOSPI index soared 8.4% 

MSCI EM index rebounded 4.3% by the most since 2022

Asian high-grade CDSs fell 7 bps by the most in eleven months

SpaceX is officially kick-starting this year's mega IPO wave

Trade event contracts on Polymarket, the world's largest prediction market

Trump said Iran asked for a ceasefire (CNBC)

Three teens face terrorism charges in foiled BofA Paris bombing (BBG)

Jamie Dimon says US must prioritize success in Iran over markets (BBG)

US job growth came in better than expected (CNBC)

A record 22 mega deals were agreed in Q1 (FT)

Chinese government bonds emerge as lone war haven (FT)

Gold traders made a record $3.9B last year (BBG)

India and Taiwan ETFs saw a record exodus last month (BBG)

India IPO filings defy stock downturn with near-record March (BBG)

SpaceX IPO buzz lifts aerospace shares on spillover bets (RT)

SpaceX ‌will invite analysts to its 'Macrohard' ​xAI data center this month (RT)

Prediction market rivalry turns nasty as industry comes under scrutiny (BBG)

Supermicro co-founder pleaded not guilty in China smuggling case (BBG)

Eli Lilly won FDA approval for a weight-loss drug in pill form (FT)

Mamdani spars with NYC Council over massive $127B budget (BBG)

Cosmetics giant Estée Lauder is in advanced talks to combine with Spanish beauty group Puig to create an over $40B enterprise

​​Intel will pay $14.2B to buy back half of an Ireland manufacturing plant that it previously sold to Apollo

Amazon is in talks to acquire $10B-listed satellite group Globalstar

Blackstone and Colony Investment Management will acquire French hospitality group Accor's 30.56% stake in its real estate spinoff Essendi in a $1.1B deal

Real estate firm Northwood Investors is exploring a sale of the Cheeca Lodge & Spa resort in the Florida Keys for ~$300M

South African pension Public Investment Corp. is seeking a buyer for its wholly-owned chicken business Daybreak Foods

Asset manager Franklin Templeton agreed to acquire 250 Digital, a crypto investment firm spun out from VC CoinFund

PE firm Arcline dropped out of bidding for $1.6B-listed UK aerospace and ​defense supplier Senior

Tenex.ai, an AI cybersecurity startup, raised $250M in funding at a $1B valuation led by Crosspoint Capital

EPG, a modular and prefabricated data center infrastructure provider, raised an over $100M Series B+ led by Decarbonization Partners

Coder, a leader in AI development infrastructure, raised a $90M Series C led by KKR

Crosby, a hybrid AI law firm, raised a $60M Series B from Lux Capital, Index Ventures and 01 Advisors

Acclaim, a voice-first AI customer experience platform, raised a $34M Series A led by Ratmir Timashev

Treeline, the modern IT OS, raised a $25M Series A led by a16z

Kestra Technologies, an open-source orchestration platform, raised a $25M Series A led by RTP Global

Emerald AI, a startup enabling power-flexible AI data centers, raised a $25M strategic expansion round led by Energy Impact Partners

Variance, an AI investigative agent for risk and compliance, raised a $21.5M Series A led by Ten Eleven Ventures

The Better Money Company, a stablecoin payments startup, raised a $10M seed round led by a16z crypto

Uniblock, a managed infrastructure layer for blockchain applications, raised $5.2M in funding from SBI, AllianceDAO, CoinSwitch, Blockchain Founders Fund, and others

SpaceX filed confidentially for an IPO and lined up 21 banks for the offering 

Baker Hughes and Akastor's drilling equipment JV HMH Holding raised $210M at an $815M valuation in its IPO

Data center developer Related Digital is closing in ​on a $16B financing for an Oracle data center in ‌Michigan

Nigeria is weighing a $5B swap deal with UAE to cut borrowing costs

Spanish lender Santander is planning SRTs tied to over $1.3B of UK CRE loans and $2B US corporate loans

Railway operator Kazakhstan Temir Zholy is planning a $1B debt sale

Banks launched a $1B debt refinancing for SK Capital-backed Swiss chemicals firm Archroma

Private markets investor StepStone Group raised a $3.1B structured solutions vehicle led by Ares

UK event-driven hedge fund Kite Lake Capital Management raised $700M in new cash to take AUM to $3.5B and closed to further capital

Align Capital Partners raised a $405M CV for tech-enabled legal services platform Proceed led by Apogem Capital, RCP Advisors, and Churchill Asset Management

Secondaries firm Ardlussa Capital raised $225M for its first PE secondaries fund

Singaporean supply chain ESG investor Circulate Capital raised $220M for a second Asia fund

Failed UK hedge fund Pelham Capital is raising money for a new fund as it attempts a revival

KKR curbed redemptions in its non-traded private credit retail fund

CFTC resolved the fraud case against ex-FTX engineering chief Nishad Singh

CitSec-backed EDX Markets applied for a US trust charter 

In honor of Apple's Golden Jubilee, Sequoia revealed, for the first time ever, Don Valentine's original 1977 memo for Sequoia's investment into Apple Computer. Read it here.

Activist hedge fund Irenic recently built a 2.5% stake in Snap Inc. despite the lack of any voting power. They also created a dedicated website to share their investment thesis and plan for the beloved social media app ahead. Check it out here.

Iran's president penned an open letter to Americans amid the US-Iran war. Read it here.