💼 Overreach

Biden admin faces an onslaught of lawsuits from business groups for overreach... your pre-market briefing inside →...                                                                                                                                                                                                                                                                                                                                                                                                                 April 30, 2024 | [Read Online]( First time here? [Sign up]([»]( Good morning. The Fast Five → [Biden admin faces lawsuits]( as business groups claim overreach, [Paramount CEO]( Bakish departs amid merger scramble, [Musk wins]( China's backing for Tesla's driver-assistance, [10-15 more tech IPOs]( on the 2024 horizon, and Apollo accused of an illegal [human life wagering scheme](. Today’s briefing ahead, but first… From our partner: ⏰ It's not too late to take control of your financial future. [This No-Cost Wealth Management Guide]( is your lifeline. Inside, you'll learn how to combat inflation, legally exploit a secret IRS loophole, and why gold is the smartest move you can make. [Download the guide NOW »]( Calendar: (all times ET) Today: Consumer confidence, 10a WED 5/1: Job openings, 10a Fed interest rate decision, 2p Fed Chair Powell conference, 2:30p THU 5/2: Jobless claims, 8:30a Trade deficit, 8:30a FRI 5/3: Unemployment report, 8:30a Your 5-minute briefing for Tuesday, April 30: BEFORE THE OPEN As of market close 4/29/2024. Pre-Market: US Investor % Bullish Sentiment: 32.13% for Wk of Apr 25 2024 (Last week: 38.27%) Market Recap: - US futures hold steady: Dow -18 pts, S&P -0.05%, Nasdaq +0.03% - Positive session: Tesla, Apple up - Dow gains 0.38%, S&P 500 adds 0.32%, Nasdaq up 0.35% - 1st losing month since Oct: Stocks to snap 6-month streak - Rate cut expectations drop with markets eyeing just one cut in 2024 - Busy week: Fed meeting, Amazon, Apple earnings, April jobs report - Earnings lineup: McDonald’s, Coca-Cola, Restaurant Brands, Eli Lilly, PayPal, AMD, Pinterest, Super Micro, Starbucks - Fed outlook: Traders await Powell's comments amid hotter inflation EARNINGS What we’re watching this week: - Today: 3M ([MMM](), Coca-Cola ([KO](), Eli Lilly ([LLY](), McDonald's ([MCD](), PayPal ([PYPL](), Sirius XM ([SIRI](), Starbucks ([SBUX](), Super Micro ([SMCI]() - [Amazon.com (AMZN)]( - earnings of $.83 EPS (vs $.31 EPS one year ago) on $142.5B revenue (+25.1% YoY) - Wednesday: DoorDash ([DASH](), DuPont ([DD](), eBay ([EBAY](), Etsy ([ETSY](), Estee Lauder ([EL](), KKR ([KKR]() - [Mastercard (MA)]( - earnings of $3.23 EPS (+15.4% YoY), on $6.3B revenue (+10.3% YoY) - Thursday: DraftKings ([DKNG](), GoDaddy ([GDDY](), Live Nation ([LYV](), PENN Entertainment ([PENN]() - [Apple (AAPL)]( - earnings of $1.50 EPS (-1.3% YoY) in $90B revenue (-5.0% YoY) - Friday: Hershey Foods ([HSY]() Full earnings calendar [here]( HEADLINES [Paramount CEO Bakish Steps Down Amid Merger Scramble]( Bakish’s departure confirmed as Paramount continues talks with Skydance Media over proposed tie-up [Biden Admin Faces Onslaught of Lawsuits as Business Groups Claim Overreach]( The Biden admin faces a wave of lawsuits targeting its regulatory agenda, as business and banking groups argue that federal agencies are overstepping their authority. - Fed in holding pattern as inflation delays approach to soft landing ([more]() - Treasury announces marketable borrowing estimates ([more]() - Yen traders see uphill battle for Japan to halt currency’s slide ([more]() - Musk wins China's backing for Tesla's driver-assistance service ([more]() - Apollo accused of illegal human life wagering scheme ([more]() - Shell earns $1 billion a year from US crude trading ([more]() - Morgan Stanley banker sees 10 to 15 more tech IPOs in 2024, and a ‘better year’ in 2025 ([more]() - Apple shares rise after analyst upgrade ([more]() - Boeing looks to sell bonds after reporting cash burn ([more]() - Zuck says it will take Meta years to make money from gen AI ([more]() - US opens probe into 130K Ford vehicles over hands-free tech ([more]() - EV fast chargers are catching up to gas stations in California ([more]() - WeWork cuts new restructuring deal that spurns Adam Neumann ([more]() - Judge rejects J&J, Bristol Myers Squibb challenges to Medicare drug-price negotiations ([more]() DEALFLOW M+A | Investments - Elliott's 2024 hit list reaches $100B with Anglo, Sumitomo ([more]() - Diamondback Energy and Endeavor receive second FTC request over $26B deal ([more]() - Blackstone beats Concord with $1.6B bid for Hipgnosis songs ([more]() - Skydance extends final offer to Paramount as merger talks stick on a possible shareholder vote ([more]() - General Mills explores sale of $2+ billion yogurt business in North America ([more]() - L'Occitane's owner Geiger to take firm private in $1.8B deal ([more]() - Deciphera to be acquired by Japanese drug firm for $2.4B ([more]() - Carlyle picks JPMorgan, Morgan Stanley for IPO or sale of StandardAero ([more]() - SES, Intelsat revive deal talks to form satellite giant ([more]() - India's National Stock Exchange to sell digital tech unit to Investcorp for $120M ([more]() - EY acquires AI tech consultancy Nuvalence ([more]() - Deloitte acquired all of the assets of Gryphon Scientific, LLC, a leader AI biosafety/security preparedness and response with AI ([more]() - IBM acquires HashiCorp Inc. (HCP), a multi-cloud infrastructure automation company, for $35/share in cash, a value of $6.4B ([more]() - Bain Capital, Bungalow Projects purchase Red Hook Property for $34M ([more]() - BC Partners-backed Valtech buys Kin + Carta ([more]() - CASE merges with CyberKinetics ([more]() - Toca Football, a tech-enabled soccer experience company, gets investment from Magnus Carlsen, a5x World Chess Champion ([more]() - Skip Technologies, a company developing a novel Liquid battery for large, long duration (4-100+ hours) stationary energy storage, received investment from Puyallup Tribal Enterprises ([more]() VC - Blaize, an AI computing developer providing edge computing solutions, raised $106M in funding ([more]() - Variantyx, a company specializing in molecular diagnostics, raised $36M in funding ([more]() - Thintronics, an electronic materials startup, raised $23M in Series A funding ([more]() - Adaptilens, a pre-clinical biotech company, raised $17.5M in Series A funding ([more]() - Turnkey, a provider of wallet infrastructure for crypto developers, raised a $15M Series A funding ([more]() - Backflip, provider of a real estate and fintech platform for real estate entrepreneurs, raised $15M in Series A funding ([more]() - Amae Health, a company specializing in patient-centered care for severe mental illness, raised $15M in Series A funding ([more]() - Log10, a provider of a platform to build LLM-powered applications, raised $7.2M in Seed funding ([more]() - Shinkei Systems, a commercial fish processing technology company, raised $6M in Seed funding ([more]() - Yoneda Labs, an AI powered drug discovery startup, raised $4M in Seed funding ([more]() - Hinkal, a multi-chain privacy layer for confidential DeFi transactions, raised $1.4M in funding ([more]() - Higala, a startup providing an inclusive instant payment system, raised an undisclosed amount in Seed funding ([more]() - TaxBit, a provider of tax and accounting solutions, received a strategic investment from In-Q-Tel, the not-for-profit strategic investor for the US national security community and America’s allies ([more]() First time reading? [Get tomorrow’s briefing here »]( CRYPTO - Chart veteran who predicted Bitcoin’s 2018 collapse says the bull market may be over ([more]() - Binance and CZ’s fortunes are set to grow, jail or no jail ([more]() - EigenLayer, after touching off restaking frenzy, plans own EIGEN token ([more]() BULLISH BITES ⏱ Results: Stocks trade for 390 minutes a day. Increasingly, [only these 10 minutes matter](. 💎 Pursuits: [Who]( are Anglo American's possible suitors? 💰 Financial future: Find out why gold is the smartest move you can make with this [No-Cost Wealth Management Guide]( * 🥞 AM done right: Nvidia CEO [Jensen Huang doesn't mess around]( at Denny's. 📈 Alternatives: Family offices are looking [beyond the stock market]( for higher returns. DAILY SHARES [tw profile: Peter Atwater] Peter Atwater @Peter_Atwater [tw] March 2nd on the left. April 25th on the right. Apr 29, 2024 161 Likes 25 Retweets 10 Replies [tw profile: High Yield Harry] High Yield Harry @HighyieldHarry [tw] MATTTTTT! DONT LET APOLLO SPONSOR MONEY STUFF MATT. MATTTTTT!!!! Apr 30, 2024 90 Likes 2 Retweets 3 Replies [tw profile: Wall Street Silver] Wall Street Silver @WallStreetSilv [tw] Make it make sense ... 🤡🌎 Apr 29, 2024 6.14K Likes 1.84K Retweets 278 Replies What did you think about today's briefing? - [⭐️⭐️⭐️⭐️⭐️ Excellent, keep it comin'!]( - [⭐️⭐️⭐️⭐️ Good stuff]( - [⭐️⭐️⭐️ It was alright]( - [⭐️ Needs work]( Have a comment or suggestion? 💌 [Send us a message](mailto:feedback@marketbriefing.com) [ADVERTISE]( | [SUBSCRIBE]( *from our partners Disclaimer: Market Briefing© is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. The information, tools, and material presented are provided for informational purposes only, are not financial advice, and are not to be used or considered as an offer to buy or sell securities; and the publisher does not guarantee their accuracy or reliability. 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