US stock inched upwards on Friday to wrap a volatile week as global yields continue to soar 

Europe's Stoxx 600 notched its first weekly gain in a month

US Treasury MOVE volatility index surged by the most since last week since 'Liberation Day' in April 2025

Dollar posted its best two-week streak since March

What we're watching this week:  

Full calendar here

Odds of an Anthropic IPO this year are slowly falling as their doomer outlook causes a rift in public discourse and with public officials

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Bessent urges Fed to keep an 'open mind' on US inflation outlook (BBG)

Soaring bond yields 'not even close' to cooling red-hot US economy (FT)

Riskiest stocks ride put Fed-hike angst in run for history books (BBG)

Tremors from AI to oil boost popular hedge fund dispersion trade (BBG)

Rates volatility is warning for corporate bonds (BBG)

Corporate debt maturities set to test US borrowers as rates rise (RT)

EM investors shun riskiest bonds as US yields soar (BBG)

Debt-hungry AI firms face increased risk as bond yields spike (CNBC)

Data center IPO hopefuls brave tougher market as investor scrutiny grows (RT)

Blackstone's head of PE Joe Baratta will depart (WSJ)

Polymarket and New York sued each other (RT)

Jev, an AI model that can't chat, takes on bigger rivals (BBG)

Anthropic seeks 50.1% voting control for seven co-founders ahead of IPO (TI)

Big companies warn lack of 'AI openness' could hit Europe investment (FT)

Corporate America embraces cheaper 'open' AI models (FT)

Joe Lonsdale says AI firms are stoking fear to sway policy (BBG)

Trump confirms meeting with Anthropic CEO Dario Amodei (RT)

China weighs allowing ByteDance and Alibaba to buy new Nvidia chips (TI)

US housing crunch puts PE in midterms crosshairs (FT)

Five terrorism suspects arrested at US-UK air base (NYT)

Data room triage: hundreds of files classified and indexed in the first hour

Financial spreading: normalized into your chart of accounts in hours

Screening memo: drafted in firm standards while diligence is still underway

$150B-listed UBS is considering a merger with Morgan Stanley, Deutsche, or StanChart to exit Switzerland due to capital requirements

Austria's Erste Group Bank plans to launch a tender offer to boost its stake in $22B-listed Erste Bank Polska from 49% to 75% after ​acquiring a controlling stake from Santander earlier this year 

South Africa's Gold Fields expressed interest in acquiring Australia's $22B-listed Northern Star Resources as Northern Star comes under activist pressure from Elliott

Poste ​Italiane fell short of the delisting threshold after securing 85.8% of shares in $17.5B-listed Telecom Italia ‌after reopening and increasing the price of its takeover bid

Brazilian fintech Nubank is in early-stage talks ​to merge with UK digital bank Monzo at an up to $13.3B valuation

German chemicals giant BASF made a merger proposal to $10B-listed German rival Evonik Industries 

PE firm Apax is nearing ​a deal to acquire Warburg Pincus out ‌of their joint investment in Dutch telecoms group Odido, which could fetch a $7.4B valuation

The founding family of India's $2B-listed Allied Blenders and Distillers is considering a strategic stake sale of block trade 

Greenbriar Equity Group is nearing a deal to acquire radio frequency and microwave components maker Spectrum Control from AEA Investors for $1.8B

Australian developer Ingenia Communities will assess a higher $1.5B cash takeover offer from PE firm Warburg Pincus

Japanese lender SMBC is in advanced talks to raise its stake in Vietnamese private lender VPBank from 15% to 20%, SMBC acquired the original stake in 2023 for $1.5B

French ​electrical parts ‌supplier ​Rexel ​agreed to ​acquire ​US infrastructure distributor ‌GCG ⁠for $1.4B

Swedish drug-delivery company Nanexa signed a $1.33B global ‌licensing deal with Novo Nordisk

Power management company Eaton agreed to acquire Italy-based ‌COL Group from Oaktree for $923M, including debt

Media giant Liberty Global picked French PE firm Ardian, InfraVia Capital Partners, and Canada's OTPP for the next round of bidding for a $1.1B stake in Belgian network company Wyre

$500M-listed Canadian movie theater chain Cineplex is exploring a sale

UK's Genel Energy raised ​its cash offer for Capricorn Energy to $436M to top a rival offer from DNO

Italian infrastructure construction group Icop may revise its $300M all-stock takeover bid for Trevi to beat out a rival proposal by Webuild

Samsung C&T will make a $100M strategic investment in Kairos Power

Chinese EV make Geely will buy a 30% stake in rival Nio's battery swapping unit in a $95M stock and cash deal

Spain's Telefónica is considering kicking off a sales process for its Venezuelan unit

Armani will begin formal talks with LVMH, L'Oréal, and EssilorLuxottica (listed in the will of late founder Giorgio Armani) over a sale of a minority stake

Precision Neuroscience, a medical device startup developing brain-computer interfaces, raised a $250M Series D at a $1B valuation co-led by Pershing Square and the Ackman Oxman Institute 

Parallax, an energy startup focused on AI-compute energy products, raised a $117M funding round from Founders Fund, Eclipse, Lux, Diffusion, Greylock, and General Catalyst

Corgi, an AI insurance company, raised a $64M Series B extension at a $5B valuation with from Haun Ventures, Clear Street, and Standard Capital

Trebellar, an AI corporate real estate management platform, raised an $18M Series A led by Blossom Capital

Midcentury, a physical AI data and simulation startup, raised a $15M seed round

Rivet, a community-driven dating platform, raised a $10.5M seed round from Peak XV Partners, Shine Capital, and Blume Ventures

Feather Robotics, a developer-focused robotics startup, raised a $7.6M pre-seed SAFE led by Gradient

Saudi Aramco hired Evercore for a restructuring that would create a standalone gas unit and open the door for a future listing at a $100B valuation

Solidigm, the NAND memory unit of Korean chip darling SK Hynix, is considering raising $15B at a $150B valuation a US IPO

The $2.2B US IPO of Swedish smart ring maker Oura is 4x oversubscribed 

The new REIT of Thai real estate giant Asset World Corp is planning a $1.45B listing of four hotels and an office building 

Investment firm Systematic Growth is planning a $1.1B sale of Swedish supplements maker Wellma Group 

South Eastern Coalfields, a unit of state-run Coal India, hired banks for an $800M IPO

RNA-focused ADARx Pharmaceuticals jumped 14% after raising $446M for a $2.05B valuation in an upsized IPO

Prestige Hospitality Ventures, the CPPIB-backed hospitality unit of Indian developer Prestige Estates Projects, shelved IPO plans citing market conditions

Tokyo Stock Exchange chose Hong Kong logistics delivery firm Buy&Ship to join its IPO incubation program

Drug developer City Therapeutics filed for an IPO

Blackstone-backed insurance underwriter The Fidelis Partnership filed for an IPO

Well and drilling solutions firm GOWell completed a $300M merger with Inflection Point Acquisition Corp. V 

Larry Ellison pledged $9.2B more in Oracle stock for personal loans

UK AI cloud firm Nscale raised $3.4B in a pre-IPO convertibles sale led by Third Point

Bangladesh is seeking to raise $1B in a debut sovereign bond sale

Chile will raise in international markets for the third time this year with a debut $1.6B Swiss franc bond sale

Brazil plans to spend $2.8B to buy $28B of delinquent consumer debt from banks

Swedish critical materials refining startup RefinyX bought defunct Swedish battery firm Northvolt's recycling technology and testing facility with backing from Qarlbo Energy, a vehicle of EQT's founder

PIMCO is facing a 70% loss on a CMBS tied to a $470M AAA-rated two-tower office complex in Philadelphia after a judge approved a sale of the complex for just $70M

California local lender Nano Banc failed and was acquired by Sunwest Bank in an FDIC-assisted deal

Bessemer Venture Partners raised $5.75B across two new early-stage and growth funds to accelerate investments across the entire AI stock

Blackstone shelved a $3B collateralized fund obligation deal due to high leverage concerns

UK infrastructure investor Actis raised $125M at a $1B valuation for 11 India road assets in two funds to roll them into its NXT-Infra Trust fund 

Stablecoin firm Circle's CFO will step down

Hackers stole $352M from crypto exchange Bitget 

US seized bank accounts of payments group linked to Tether

SNL had the most hilarious weekend feature, with Jane Wickline imitating Anthropic CEO Dario Amodei on his doomer sentiment. The funniest thing you'll watch today...