US stocks slipped on Friday after Kevin Warsh hinted at rate hikes to battle inflation

US 2Y yield spiked 12 bps in its worst day since March

What we're watching this week:  

Full calendar here

Odds of a September Fed rate hike spiked following Warsh's hawkish speech at Jackson Hole

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Baldness drugs are Wall Street's next goldmine (BBG)

Kevin Warsh hinted at rate hikes with less frequent communication (CNBC)

US is covertly transporting oil through Hormuz (AX)

World mostly shruged off Bessent's 'D-Day' Iran sanctions threat (BBG)

Institutional investors are increasing allocations to Asia private credit (RT)

Day traders are abandoning Korean leveraged ETFs in droves (BBG)

Stock funds saw their largest weekly outflow in five months (RT)

Big Tech profits get $160B boost from gains in AI stakes (FT)

Zero-interest convertible sales are set for a record year (FT)

Investor frenzy for AI is stripping safeguards from convertibles (BBG)

Gold bulls are turning to exotic options and spreads in 'orderly' rally (BBG)

Musk, Huang, and Altman will speak at G20 event this week (BBG)

Nvidia has become a banker to the AI boom (WSJ)

OpenAI ended partnership with Cursor after SpaceX deal (BBG)

Grindr bets wealthy gay men will pay more to find the right match (FT)

NASA launched a $4.3B space telescope to explore dark energy (CBS)

Iceland voters rejected talks for EU entry (AP)

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US will take 55% control of a new Venezuela oil JV that comprises 20% of the country's entire oil reserves, including a 35% passive stake in Venezuelan businessman Alejandro Betancourt's North American ​Blue Energy Partners

Aon is close to acquiring insurance brokerage USI ‌Insurance Services from KKR for $17B, including debt

Italian insurance giant Generali is willing to consider a $10.2B takeover offer for wealth manager Banca Generali from lender BMPS

Pipeline operator Oneok and minority investor Apollo will acquire Brazos Midstream Holdings' natural gas operations in West Texas for $9B, including $5B of debt to be paid off

EQT and German insurance giant Allianz are exploring a $6.8B takeover of UK roadside recovery business The AA

Astorg Partners and Montagu Private Equity are exploring a $3.5B sale of GLP-1 pen maker Nemera

Authentic Brands Group acquired a 51% majority stake in the IP of Drake's lifestyle brand OVO at a ~$235M valuation

Airbus is considering a sale of its US small-satellite manufacturing business

Valterra Platinum made an informal approach to rival South African miner Northam Platinum 

Polish energy group Unimot ended talks to acquire Shell's stake in Germany's Russia-linked Schwedt refinery 

HubX, an AI-focused company building next-gen apps, raised $75M at a $1.2B pre-money valuation from Point72 Private Investments

Viral AI assistant startup Instinct raised a $250M Series B at a $2.5B valuation co-led by Index Ventures and Benchmark

Owner, an AI platform for local businesses, raised a $240M Series D at a $2.3B valuation led by Goldman Sachs Alternatives  

Linear, a product development and issue-tracking platform, sold $99M of secondary shares at a $2.5B valuation with participation from Accel, 01A, Salesforce Ventures, and S32

Retro, a friend-focused photo-sharing app, raised a $21M Series A

Samsung Biologics is seeking to raise $2.2B in a rights offering to fund its acquisition of Swiss contract drugmaker PolyPeptide Group

Blackstone is offering to sell a 25% stake worth $1.25B in Indian office REIT Knowledge Realty Trust at a 5% discount and 13% discount to NAV

Indian conglomerate Tata Group is in talks with biggest minority shareholder Shapoorji Pallonji Group to unlock liquidity via a potential swap of shares of listed entities, a buyout of Shapoorji Pallonji's stake by Tata Sons, or a sale to an external investor

Hyperinflammation-focused Electra Therapeutics filed for an IPO

Satellite-to-device broadcast network firm Astrum Space will merge with Black Spade Acquisition at a $1B valuation

Broadcom could raise over $100B in debt for an AI chip financing deal for ‌Anthropic and others in a record-shattering deal

Indian billionaire owner PV Krishna Reddy is seeking to raise $700M in private credit from Davidson Kempner, Elham, and Varde Partners to buy out his uncle's 43% stake in Megha Engineering & Infrastructures to take full ownership

Major Aussie developer Bathla Group fell into insolvency with $2.4B owed to mostly private credit firms

UK asset manager Aberdeen will take a $272M hit to one of its infrastructure funds following the collapse ​of UK broadband provider Airband

AI-driven biopharma firm BioXcel Therapeutics filed for Chapter 11 bankruptcy

Developer Crow Holdings raised $625M for a targeted $3.25B fund

Copenhagen Infrastructure Partners raised $3B for its second Growth Markets Fund 

a16z raised $1.1B for Machine Age, its first dedicated AI hardware infrastructure fund

European royal family office LGT Capital Partners raised $1B for its seventh European small buyout fund

Industrials MM PE firm GenNx360 Capital Partners raised $865M for its fourth fund

Investment firm Crestline Management raised $625M for its second European Capital Solutions fund

Distressed real estate investor Canyon Partners raised $570M for its latest opportunistic fund 

Private markets investment firm Siguler Guff raised $500M for its second India MM growth fund

OpenAI launched a second $400M VC fund to invest its own capital

Opportunistic real estate investor Machine Investment Group raised $350M for its second fund

Reach Capital raises $265M for its fifth fund to expand on its "human potential" theme

Gaming specialist Makers Fund raised $250M for its fourth flagship fund

Opportunistic PE real estate firm Alpaca Real Estate raised $223M for its debut fund

Canada's Polar Asset Management raised $215M for its second SRT fund

MassMutual Ventures, the VC arm of insurer MassMutual, launched a $150M second climate fund which will incorporate AI and real assets

VC Floating Point raised $125M for its third fund to tackle "real world" businesses

Palinuro Capital, the macro hedge fund of ex-ING trader Alfonso Peccatiello, raised $75M in fresh capital to take AUM past $100M

Ukraine's ex-defense minister Mykhailo Fedorov is seeking to raise a defense tech fund from US investors to back startups that will help defeat Russia

Trump family's new crypto bank is backed by Abu Dhabi's Sheikh

BIS chief says stablecoins are not a credible means of payment at scale

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Y Combinator founder Paul Graham and Oculus VR and Anduril founder Palmer Luckey went at it on the topic of hiring foreign vs American people for American jobs. Palmer has been debating the topic with high-profile figures to keyboard warrior randos all weekend. All on the timeline.

Ben Carlson gave a perfect rundown on why investors everywhere are selling off bonds. Check it out.