US stocks fell yesterday as rising yields and oil prices continued to rattle investors

US 10Y yield approached 4.85%, its highest since 2023, after Bessent's buyback plan disappointed investors

Jersey Mike's posted strong Q2 results in its first earnings since listing on continued sales growth, unit expansion and improving traffic trends, though earnings declined YoY (QQ) 

What we're watching this week:  

Full calendar here

Investors who buy into the IPO will be spared by Claude when it k*lls us all in 2030

Deposit $10 and get a $20 bonus with code LIT on signup, only on the Polymarket US app

US and Iran traded the biggest strikes yet (RT)

Anthropic researcher quit and warned that 'AI could kill us all by end of the decade' (WSJ)

Trump promises $5,000 check to all American adults if Republicans win midterms (RT)

Traders brush aside Bessent's 'bet against me' tough talk (BBG)

Bond market rate spiral has potent accelerator behind the scenes (BBG)

Surging gilt yields erode key reason to own UK stocks (BBG)

Wall Street's leveraged ETF push gets new twist with hourly bets (BBG)

AI-driven IPO wave set to accompany Anthropic listing (BBG)

US firms unleash record wave of bond sales in Europe (BBG)

Energy Transfer will move its primary listing from NYSE to TSE (WSJ)

SEC wants to end rule to stop PE funds from bribing public officials (AX)

CitSec urges SEC to take oversight of prediction market wagers (BBG)

Millennium and Verition join Rokos with plans for Greek outpost (BBG)

CVC named TPG's Todd Sisitsky as co-CEO (WSJ)

Apple debuted a foldable iPhone (TC)

Americans have slammed the brakes on switching jobs (WSJ)

Chemicals giant Dow is considering exiting its 35% stake in its $20B Sadara Chemical Co JV with Saudi Aramco

PE firm Silver Lake will merge French business software firms Cegid ​and French payroll platform Silae to create an $11.6B entity

Blackstone-backed $9B-listed pipeline company Kinetik Holdings is exploring a sale

Independence Realty Trust and Centerspace will merge to form an apartment REIT worth $8.1B, including debt 

Canada's Tamarack Valley Energy agreed to acquire Headwater Exploration in a $7.25B all-stock deal

TPG is exploring a $5B sale of healthcare software company Lyric

Haji Isam, the Indonesian tycoon behind conglomerate Jhonlin Group, bid $3B for a 62% stake in coal miner Bayan Resources at an 80% discount

Adura, NEO Next+, EnQuest, Harbour Energy, Ithaca Energy, Serica Energy, and Var Energi expressed interest in BP's North Sea operations which could sell for $2.7B

Canadian pipeline giant Enbridge will acquire Tallgrass Energy's crude oil business, including 75% of the Pony Express Pipeline and 51% of the Powder River Gateway, from Blackstone for $2.6B

Salesforce is in talks to acquire AI market research startup Listen Labs for potentially $2B

Booking Holdings lost its fight against an EU antitrust ​veto of its $1.9B acquisition of ETraveli three years ago

PE firm Cerberus agreed to acquire much of the defense unit of $1.5B-listed UK engineering group Goodwin for $1.5B 

Analog Devices will acquire Alif Semiconductor for $1.35B in ​cash

Family investment firm Wildcat Infrastructure became the second firm to bid for the US assets of Australian shipbuilder Austal for $1.3B

Volkswagen-owned Porsche completed its $1.2B exit from Bugatti Rimac and Rimac ‌Group

A consortium of Alpha Wave Global, Premji Invest, SWF Temasek, and BlackRock will invest $1B for a 5.5% stake in Adani Airport Holdings, a unit of Indian conglomerate Adani Enterprises

Workforce solutions platform Circle8 Group offered to acquire $490M-listed UK STEM recruiter SThree

Singapore resort hotel Amara Sanctuary Sentosa is up for sale for $160M

Lionel Messi agreed to acquire a majority stake in Spanish second division soccer club Eldense from Colombian investment group TH Soluciones Group

Meta is acquiring Swedish AI agent startup Stilla

Palmer Square Capital Management, a $37B AUM credit firm run by a husband-wife duo, is exploring a sale

José António dos Santos is in talks to sell his 16.4% stake in Portuguese soccer club Benfica at a 250% premium 

Legal AI startup Harvey raised a $550M funding round at a $15.B valuation co-led by Lightspeed and Diffusion

Covenant, a deep-precision strike defense startup, raised $250M across three rounds led by a16z, Founders Fund, Lux Capital, Lightspeed, 8VC, Aleph, and Altimeter  

Kapital, a LatAm-based global AI-powered financial institution, raised $125M in new financing co-led by Tru Arrow Partners and Fasanara Capital

AI market research startup Listen Labs walked away from a $125M Series C led by Menlo Ventures that would value the firm at $1.5B amid takeover talks with Salesforce

Clay, a company building AI-driven GTM and revenue infrastructure, raised a $115M Series D at a $7.1B valuation led by Wellington Management

Savvy Wealth, a RIA platform for financial advisors, raised a $100M Series C led by Halo Fund  

AI agentic CRM startup Lightfield raised a $47M Series A led by a16z 

Latitude, a global payments infrastructure company, raised a $35M Series A led by Oak HC/FT 

Cymphony, an enterprise security startup focused on AI agent and non-human identity security, raised $30M funding including a $25M Series A at a $100M post-money valuation co-led by Sequoia and SMBC Fin Atlas Beyond Fund

Euno, an enterprise AI-native context platform, raised a $23M Series A led by N47

System, a vertically integrated peptide platform, raised $20M from Patron Fund, Will Ventures, Vine, Daybreak, SV Angel, and others

Aqua, an alternatives infrastructure platform, raised $18.8M across a $3.8M seed backed by Google's AI Fund, Y Combinator and others and a $15M Series A led by Arthur Ventures

GenHealth.ai, a healthcare AI startup focused on back-office automation, raised a $16.5M Series A led by Flare Capital Partners

BOLTS Technologies, a blockchain post-quantum cryptography startup spun out of NUTS, raised a $1.1M pre-seed round from existing NUTS investors and is raising a $15M seed round led by existing investors in NUTS

Besxar, an orbital semiconductor factory startup, raised $14M including a $9M seed round led by Dauntless Ventures and Overture VC

Chinese AI startup DeepSeek tapped CITIC Securities for a China IPO; the startup is currently valued at $75B

Belron, the windshield giant of Belgian conglomerate D'Ieteren Group, is exploring one of Europe's biggest IPOs which could fetch a $35B valuation

$19B-listed auto parts distributor Genuine Parts is advancing plans to separate its ‌automotive and industrial businesses

Cerberus and Elliott-backed hypersonics company Stratolaunch is seeking to raise $500M at a $2B-$3B valuation in an IPO

The family behind China's biggest hotpot chain Haidilao is offloading $350M of shares in a surprise sale, sending the stock down 12%

Spanish defense and security firm EM&E is exploring an IPO after a merger with Indra Sistemas failed

Amazon raised $5.75B in a debut sterling bond sale

Dell is seeking to sell $4B of investment grade bonds

Poland signed a $4B US loan-guarantee agreement to help finance purchases of American military equipment

Nvidia-backed Indonesian AI infrastructure platform Zankore signed a $3.1B loan deal with Citigroup, ING, Natixis, and others to purchase AI chips

Banks led by Barclays are preparing a $2.8B debt package to support PE firm Lone Star Funds' $4.6B acquisition of German manufacturing giant Continental's industrial unit ContiTech

Brazilian mining giant Vale is considering a debut China bond sale

Singaporean lender DBS Group will fight against a suit seeking $1B in damages filed by the liquidators of four firms linked to insolvent Malaysian state-owned financier 1MDB

UK private credit firm Fasanara Capital is seeking to raise a $3B evergreen private credit vehicle, with $400M in commitments from stablecoin giant Tether

Peterson Partners raised a $510M CV for MEP platform Kelso Industries led by NorthSands Capital 

Biotech VC Luma Group raised $410M for its debut fund

GCVC, a new VC firm focused on legal and compliance startups, launched with backing from 50 general counsels and law firm ​Wilson Sonsini

Danish pension giant ATP is seeking a buyer for its ATP Private Equity Partners fund

Engagement of Snapchat has been decelerating amid their focus on SPECS

The 17-25 age cohort makes up the largest percentage of app users

Hunter Biden's memecoin $LAPTOP crashed 90% within 30 minutes of launch

Iran is using Bitcoin and USDT to bypass US sanctions

Work is moving to agents, and agents are only as good as the tools they can reach. Fundable is the private market dataset you can plug directly into Claude, via MCP, without paying enterprise prices. tryfundable.ai

AI researcher Jacob Coxon quit Anthropic and the entire AI industry and went full doomio on X to warn that AI could "kill us all by the end of the decade." His post has taken the timeline by storm with over 135M views and some incredible responses (and memes). Read it here.

WSJ shared six charts that explain how Americans really feel about the economy.