US stock indexes recovered some ground yesterday following the worst weekly tech selloff since 'Liberation Day’ last April

French 10Y yields soared 14 bps to 4.93% pressured by the riots and looting

Supertanker rates fell from record highs at 840 to 776 on the Worldscale basis

What we're watching this week: 

Full calendar here

Musk pledged to give one SpaceX share to every kid in America starting next year. That's about $11B at current prices and 1% of Musk's personal wealth if it hits $1T, though he said it's just the first of many

Trade this market on the Polymarket US app with code LIT and they'll send you a $25 bonus

Musk pledged one SpaceX share to all American kids from next year (WSJ)

Putin proposed a meeting with Trump and Xi to end Ukraine war (WSJ)

Blackstone creates AI CIO trained on 14 years of internal deal memos (BBG)

Goldman and Evercore are pitching 'forever' evergreen CVs to PE (BBG)

NYCRS CIO accused PE firms of hiking fees to expense private jet use (FT)

PE looks to South Korea as next Asian frontier (FT)

Australia sees sudden M&A 'frenzy' as investors swoop on cheap assets (FT)

Hedge funds cut tech at the fastest pace in a decade (BBG)

NYSE extended trading hours for options on 30 stocks and ETFs (CNBC)

Two Sigma co-CEO quit as co-founder feud drags on (BBG)

Ex-Google CEO Eric Schmidt owns 1% of Anthropic (BBG)

PwC revenue growth trails Deloitte and EY (FT)

Albertsons began $8B trial against Kroger over failed merger (RT)

United Airlines CEO called for 100% federal wealth and inheritance tax (NYT)

Freshfields called Gulf SWFs not 'sophisticated' in leaked email (FT)

DOJ alleges Saudi royal links in OpenAI bugging case (CNBC)

Saudi postponed its 'Davos in the desert' conference due to attacks (CNBC)

Japan launched the first return trip to Mars' orbit (FT)

Lindt fired its CEO (RT)

China's Hansoh Pharmaceutical agreed to a $15B partnership and licensing deal with Swiss drugmaker Roche for its targeted cancer therapies 

Packaging firm Silgan Holdings agreed to buy Europe's Trivium Packaging from Canada's OTPP and Ardagh for $3.4B, including debt

Ares will acquire railcar leasing company Infinity ‌Transportation from KKR for $2.9B 

Pacific Equity Partners-backed SG Fleet Management agreed to acquire Australia's FleetPartners Group for $790M at an 87% premium

Adhesives manufacturer H.B. Fuller rejected activist Ancora Holdings improved $1.2B-$1.4B unsolicited cash bid for its building adhesives unit 

Australian coal miner New Hope Corp. will buy the rest of Malabar Resources in an all-stock deal at a $1.25B valuation

Hong Kong-listed Metis TechBio will collaborate with Eli ‌Lilly on R&D for tissue-specific drug delivery technologies in a $1.1B deal

Charlesbank Capital Partners agreed to acquire a stake in law firm WSHB at a $700M valuation

German pharma company Merck agreed to buy UK blood cancer-focused biotech Silence Therapeutics for $1.1B cash at a 130% premium

UK healthcare landlord Primary Health properties formed a $933M venture with Singapore SWF GIC which will see it receive $663M to repay a bridge loan used to finance its takeover of rival Assura

Foxconn will take a 50% stake in Mitsubishi Electric's automotive components unit for $727M 

RedBird Capital is in talks to acquire a 70% stake in Saudi soccer club Al Nassr from SWF PIF for $267M, with PIF racing to pay off $213M in debt held by the club; Ronaldo is expected to retain his 20% stake 

French supermarket chain ​Carrefour agreed to acquire ⁠local ​food retail ​company Codifrance from Belgian supermarket group ​Colruyt for $170M

German defense group Rheinmetall and Swiss-based shipping company ​MSC have acquired Romanian shipyard ‌Mangalia for $155M

Forward Consumer Partners will acquire the Welly ​Health bandage brand from UK consumer goods giant Unilever

AI chip startup Tenstorrent raised a $1.5B Series E at a $6.2B post-money valuation led by Trace Capital ‌and ⁠Innovation X

doubleAI, an AI startup optimizing software execution, raised a $200M Series A co-led by Lightspeed and Bessemer 

AI assistant startup Town raised a $108M Series B at a unicorn valuation co-led by Forerunner Ventures and Menlo Ventures 

Dream Labs, an AI robotics startup, raised a $90M seed round led by B Capital and Kindred Ventures

Even, an Indian healthcare startup building and operating hospitals, raised a $50M Series B at a $300M valuation led by Khosla Ventures

Greptile, a code validation startup, raised a $50M Series B at a $750M valuation led by Menlo Ventures

Holyvolt, an AI-powered battery materials discovery company, raised $45M in funding backed by Zone II, CC.VC, and others

ZAP Surgical Systems, a developer of non-invasive robotic radiosurgery systems, raised $36M led by Catalio Capital Management 

Prism Data, a cash flow analytics and automated credit risk underwriting platform, raised a $20M Series A led by Story Ventures 

POV Beauty, a creator-founded beauty brand, raised a $15M Series A led by Silas Capital

Korean data center infrastructure firm Elice plunged 32% in its trading debut is after raising $150M for a $500M valuation in a Korea IPO

Migraine-focused biotech TriGemX agreed to merge with TCGX Acquisition at a $360M pre-money equity value

Walmart is set to raise $6B in a US and Canadian dollar bond sale

Hong Kong transit operator MTR is borrowing $5B to build rail connecting new city Northern Metropolis that doesn't yet exist 

Kimberly-Clark raised $4.9B in an investment grade bond sale to help fund its $36B cash-and-stock acquisition of Tylenol maker Kenvue

Dutch quant trading firm Optiver is looking to raise $900M in debt

Utility Las Vegas Valley Water District is looking to sell $580M of munis

Secretive Israeli state-owned missile engine maker Tomer is preparing a $200M bond sale

The Villages, the world's largest retirement community in Florida, is looking to sell $180M of high-yield debt

A $175M MBS sale tied to 475 Fifth Avenue in Manhattan was paused amid a surge in yields

UK discount retailer B&M is seeking to acquire a ​small number of stores from rival ‌Poundland as part of any break-up of the struggling chain

Ex-JPMorgan wealth execs Jim Atwood and Phil Scott launched Latigo Peak Partners, a wealth management firm for UHNWIs with a record $18.6B in AUM

O&G PE firm EnCap Investments raised a $3.5B CV for Permian Basin mineral assets anchored by Melange Capital Partners 

Aircraft investment manager BBAM raised $1.7B for its third flagship aviation fund

UK PE firm Graphite Capital is seeking to raise $666M for its tenth flagship fund in its first fundraise in eight years

Spanish investment bank Banca March is seeking to raise $267M for its fourth international PE FOF

Sports investment firm Clara Vista Investment Partners is seeking to raise $250M to invest in more soccer clubs in Europe and Latin America 

SEVA Growth raised $160M for its second growth equity fund

Marjo Koivisto, the head of alts at Finnish lender Aktia, will depart to launch her own private credit firm 

New biotech VC NeoGenesis Capital launched its debut fund to invest in spinouts from biotech and genetic engineering firm Colossal Biosciences

Rise of crypto vaults channels billions of dollars into risky lending 

Claude Code AI agent caught a crypto miner hiding on a developer's overheating Mac

ICYMI: F2 comes from former bankers, investors, and AI experts who have run deals, structured credit facilities, and written IC memos, with Forward Deployed Engineers inside your firm from day one. Global credit runs on F2. Book a demo.

If you've worked in IB, PE, hedge funds or real estate finance, become a Pro on Professiony and put up your own booking page for 1:1 interview prep. Set your own hourly rate, availability, and pause whenever. Students book from your calendar on the platform. Apply here.

WSJ did a profile on the wars that Two Sigma co-founder John Overdeck has been fighting: one against his wife and one against his co-founder.

Also, doctors, lawyers and quantum physicists are joining AI's $400/hour gig economy.