US stock indexes fell further yesterday as investors continued to rotate out of tech following a massive AI trade reversal

China's tech-heavy Star 50 index rose 3% on expectations of government stimulus

Hedge funds boosted natural gas short positions to the most ever 

Global investors slashed dollar hedging to the lowest since 2014 on expectations of Fed rate hike

Apple beat Q4 earnings and revenue estimates as strong iPhone and Mac sales combined with 'reluctant' price hikes led to another record quarter to cap its best fiscal year ever (CNBC)

Palantir beat Q3 earnings and revenue estimates with US commercial revenue topping government for the first time on soaring business adoption of its AI tools (CNBC)

What we're watching this week:  

Full calendar here

The most momentous midterms in recent history (as they say every time). This is your reminder to get out and vote and more importantly, to hedge your vote on Polymarket so you come out on top either way lmao 🇺🇸

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Goldman banned bankers and traders from using Claude Code (BBG)

S&P 500's perfect midterm record faces test in 2026 (FT)

Wall Street eyes biggest Treasury sales overhaul in years (BBG)

Tech earnings make collapsing AI enthusiasm worse (BBG)

Investors trim growth bets over fears of US economy's AI exposure (FT)

Blackstone president expects more global equity fundraising for AI (RT)

Goldman CEO sees potential "bumps" in tech supercycle (BBG)

Chinese official says global investment in AI is "overly concentrated" (RT)

Multi-strat giants crowd into same trades, raising odds of a rout (BBG)

PE's take-it-or-leave-it continuation deals frustrate investors (WSJ)

Euronext joins push for integrated Nordic capital markets (BBG)

Qatalyst wins record $115B mandate in rare buyside role (BBG)

Anthropic commits to $900B in spending as mega-IPO nears (BBG)

Anthropic braces for election impact as AI debate rages (BBG)

OpenAI hired ex-army secretary Dan Driscoll for national security role (RT)

Weil will join crowded field of defunct law firms (RT)

Disney is planning thousands of layoffs (BBG)

Court says McDonald's must face lawsuit over McRib meat (RT)

European grocery store freezers overheat after hacks (FT)

Big majority of US voters disapprove of Trump's handling of inflation (FT)

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Chip maker Marvell Technology agreed to acquire optical components maker Lumentum in a record $115B all-stock deal, including debt, at a 24% premium

Italian lender Intesa Sanpaolo will launch its $37B takeover bid for rival BMPS this month

A consortium of Blackstone and Maple 8 pensions agreed to acquire a 49.9% stake in LNG Canada's liquefaction business from Japan's Mitsubishi Corp. for $3.1B

TWG Global, the under-investigation financial holding company of Mark Walter, is exploring selling his controlling stake in Cadillac Formula 1 Team at a $3B valuation

Aussie real estate developer AVID matched PE firm Warburg Pincus' sweetened $1.6B billion bid for Australian developer Ingenia

UK-based Ennogen Healthcare International will acquire the European rights and IP to menopause health ‌product Ovestin from South Africa's Aspen Pharmacare for $220M

Communications company Public ​Policy Holding will buy strategic communications firm Reevemark for $80M

SpaceX is in talks to buy EchoStar's wireless service Boost Mobile or use its network

SignSplit, a startup enabling people and institutions to protect, license and contribute their data, work and likeness, raised a $400M strategic seed round at a $1B valuation from W Group

Northwood Space, the satellite ground-station startup of Disney star Bridgit Mendler, raised a $375M Series C at a $2B valuation led by a16z and DFJ Growth

Tutor Intelligence, a robotics startup, raised a $75M Series B led by a16z

42AI, an Israeli startup developing a behavioral world model that predicts human behavior, raised a $62.5M seed round from founders and Infinity Group

Specific Biologics, a biotech pioneering precision gene-editing therapies, raised a $35M Series A led by Hatteras Venture Partners

nPhase, an AI-native clinical data platform, raised a $30M Series D led by Viking Global Investors

Larridin, an AI measurement platform startup, raised a $30M Series A led by Pelion Ventures 

Clark, an AI audit and assurance startup, raised an $11M seed round led by Touring Capital 

Bullshot, a meme token and AI launch platform, raised a $7.7M funding round co-led by P2 Ventures and Animoca Brands

Oracle is seeking to raise $10B in a share sale

Investors are pushing Anthropic to IPO at a more conservative $1.5T valuation

Anthropic aims to raise $3.5B from the Japanese portion of its record $100B IPO

Trump family-linked tungsten miner Kazakh Kaz Resources plans to list in the US at a $2B valuation

South Eastern Coalfields, a unit of state-run Coal India, filed for a potential $800M India IPO

German auto parts supplier Mahle is exploring a $400M India IPO of its India business

German pharma supplier Schott Pharma is exploring a $400M India IPO of its India business 

O&G producer Crescent Energy confidentially filed for an IPO of its Crescent Royalties subsidiary

Tokenization firm tZERO plans to merge with FG Imperii Acquisition Corp. at a $350M valuation

Meta is eying a $20B cross-border bond sale

Oracle is eyeing a $10B bond sale

Apollo provided $9.6B of debt financing to support Thrive Holdings' $15.3B acquisition of home security provider ADT 

Alphabet raised $6.7B in its second euro bond sale this year

Romania raised $5B in the new government's first bond sale

Vista Equity-backed Cloud Software Group is selling $2B of junk notes to refinance debt due in 2029

US lent $450M to aerospace and defense tech firm Neros Technologies and also took an ownership stake 

$6B-listed French train maker Alstom may be forced to sell assets to shore up liquidity as it struggles to deliver on German train orders

Cerca Trova Restaurant Group, once the biggest franchisee of Outback Steakhouse, filed for bankruptcy citing California's minimum wage law with plans to sell its assets to Outback's brand owner Bloomin' Brands for $26M

Cancer drugmaker Karyopharm Therapeutics filed for Chapter 11 bankruptcy in a bid to sell itself and reorganize

Apollo launched an $11B Europe private credit platform backed by Abu Dhabi SWF ADIC

Millennium pulled $1.5B of leveraged cash from event-driven hedge fund Troluce Capital Advisors and credit hedge fund Axebrook Capital due to losses 

AE Industrial Partners raised an $850M CV for defense components distribution platform Blue Raven led by Lexington Partners

Swedish VC Creandum raised $750M for its eighth fund to back pre-seed to Series A tech startups

Blue Owl Capital is nearing a first close of its debut credit secondaries fund

North Korea has stolen $12.8B in crypto since 2017, equivalent to 45% of its GDP

North Korea denied links to $6.3B Binance hack

Binance users pull $5B following historic heist

Brazil's largest crypto exchange Mercado Bitcoin was hacked for over $40M

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Came across some incredible data on of the controversial (??) topics out there. Worth saving for when the topic comes up at the dinner table.

Also, check out Bloomberg's data on US inflation. Way more interesting than going through government sources and you might find some noteworthy insights.