US stocks continued to tumble on Friday as the Iran conflict and consequent oil supply disruptions dragged on 

Europe's Stoxx 600 fell for a third-straight week in its worst streak in a year

UK's FTSE 100 erased all YTD gains

Canada's TSX index erased all YTD gains

MSCI EM index erased all YTD gains

Gold fell 11% in its worst week in four decades

What we're watching this week:  

Full calendar here

Here me out: Claude Code but for oil delivery.

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

JPMorgan deployed tech to track junior bankers' working hours (FT)

J Pow lauded Volcker's 'willingness to resist' (RT)

Goldman CEO expects dealmaking to pick up this year despite Iran war (RT)

China touts itself as 'harbour of stability' to global CEOs (FT)

Chinese IPOs in US falter amid scrutiny of manipulation schemes (FT)

US money market assets soared to new record on war risks (RT)

Blackstone's flagship credit fund had its first monthly loss since 2022 (FT)

UBS secured a US bank license (WSJ)

White House released AI policy for Congress to pre-empt state rules (RT)

Zuckerberg is building an AI agent to help him be CEO (WSJ)

OpenAI plans to double its workforce to 8k by year-end (FT)

Amazon is planning a smartphone comeback (RT)

Jury found Musk liable in fraud lawsuit over $44B Twitter takeover (RT)

Global carmakers retreat en masse from EV plans (FT)

Curated deal flow of high-potential startups

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Spices and seasonings giant McCormick offered to acquire Unilever's food business for $33B, excluding debt

Poste Italiane is launching a $12.5B take-private offer for Telecom Italia

Saudi gaming and sports investor Savvy Games agreed to buy the Moonton studio from China's ByteDance for $6B

Water treatment giant Ecolab agreed to buy data center cooling company CoolIT Systems from KKR in a $4.75B all-cash deal

Swiss pharma giant Novartis agreed to buy an experimental breast cancer drug from Synnovation Therapeutics for up to $3B

Brazilian telecom Claro Telecom agreed to buy a majority stake in peer Desktop at a $750M valuation

Qatar SWF QIA is preparing to acquire 10% of Italian sneaker maker Golden Goose for $290M, joining HSG, Temasek, and Permira as investors

NBA is in early talks with banks to sell two new franchises in Seattle and Las Vegas for potentially billions of dollars

German industrial engineering conglomerate Thyssenkrupp's talks to sell its steel division to Jindal Steel stalled

AI cow collar startup Halter is in talks to raise a new round at a doubled $2B valuation led by Thiel's Founder Fund

Edubuk, an Indian startup addressing fake credentials and trust in education and employment, raised a $50M strategic investment from Nimbus Capital

CloudCruise, a browser automation infrastructure layer for healthcare AI agents, raised a $5M seed round led by Floating Point

ByteDance-backed auto platform DCar hired Citi and Goldman Sachs for a Hong Kong IPO that could raise $1B-$1.5B; the firm was last valued at $3B in 2024

Chinese circuit board maker Delton Technology raised $420M in a Hong Kong IPO

PE firm Star Capital raise $345M at a $985M market cap in a Germany IPO of defense tech group VINCORION 

China's leading robot company Unitree Robotics filed to raise $610M in a China IPO

Nuclear energy firm X-Energy filed for a US IPO

Activist Elliott built a multibillion-dollar stake in $80B-listed chip-design software maker Synopsys

Electronic Arts attracted $25B of demand for it’s $15B debt sale meant to to fund it’s record $55B LBO

Nexstar Media is plans to sell $5.1B of bonds to help fund its $6.2B acquisition of rival TV-station owner Tegna

JPMorgan and BNP Paribas kicked off a $4.7B leveraged loan sale to help fund CD&R's $10.3B LBO of packaging firm Sealed Air

Bangladesh is seeking $2B in loans from multilateral lenders

Ares is providing up to $1.2B to back KKR-controlled FiberCop's plan to buy back telecom exchanges from Italy's fixed-line network

Malaysia is seeking to raise $1B in its first dollar-bond sale since 2021

Chinese consumer conglomerate Fosun secured a $500M loan refinancing package

Fannie Mae and Freddie Mac began placing sizable orders to purchase MBSs

Bankrupt Chinese builder Evergrande liquidators' lawsuit against PwC will have its first hearing in Hong Kong in May in a major test for auditor accountability in fraud cases

UK opened an investigation into collapsed mortgage lender MFS as creditors including Barclays and Apollo's Atlas pursue a worldwide asset freeze on founder Paresh Raja amid claims of $1.7B in potential losses from the $2.7B borrowing scheme

Blue Pool Capital, a Hong Kong family office linked to Alibaba, raised $1B for its first PE fund

Tech investor Coatue Management plans to launch a new long-biased crossover fund to bet on public and private AI and tech innovation companies

 Ex-wife was accused of stealing $240M in Bitcoin after divorce

​Litquidity and Ramp are joining forces to start an exclusive padel club – a series of NYC and Miami-based padel socials and tournaments for the industries top founders, investors, and operators. The April 1st event will be a mix of social clinics with a small tournament.

All skill levels are invited to play. RSVP here.

Can't make it to this one? Check out our padel events on April 14, April 22, May 6, and May 20.

Ramp is bringing together SF founders on April 7 for an unfiltered conversation on what building actually looks like right now.

No slides, no scripts. Just real stories and hard lessons from the best tech founders. If you're in SF, you won't want to miss this. Save your seat here.

A viral Substack post accused Y Combinator-backed AI compliance startup Delve of running a fraudulent 'fake compliance' scheme all along. Twitter had a field day after finding out the founders were Forbes 30u30 alumni. Read the post here.