PLUS - Apple introduces AI-focused iPad Pro -your pre-market briefing inside â May 08, 2024 | [Read Online]( First time here? [Sign up]([»]( Good morning. The Fast Five â Apple introduces [AI-focused iPad]( Pro, [Reddit soars]( after strong first report since IPO, [TikTok sues]( to block divest-or-ban law, Tesla [pulls the plug]( on supercharger, and [NFL to allow teams to sell]( 30% of franchise to private equity⦠Calendar: (all times ET) Today: Wholesale inventories, 10:00a THU, 5/9: Initial jobless claims, 8:30a FRI, 510: Consumer sentiment, 10:00a Your 5-minute briefing for Wednesday, May 8: BEFORE THE OPEN As of market close 5/7/2024. Pre-Market: US Investor % Bullish Sentiment:
38.49% for Wk of Apr 25 2024 (Last week: 32.13%) Market Recap: - Dow futures flat after longest winning streak since Dec. - Lyft, Wynn Resorts surge post-earnings; Reddit jumps 13%. - Mixed trading day: Dow up 0.1%, S&P steady, Nasdaq slips 0.1%. - Disney shares plummet 9% on revenue miss. - Earnings today: Uber, Shopify, Airbnb, Instacart, Bumble, AMC. - 85% S&P firms reported earnings, 80% beat expectations. EARNINGS What weâre watching this week: - Today: Airbnb ([ABNB](), AMC Entertainment ([AMC](), Anheuser-Busch ([BUD](), Duolingo ([DUOL](), Instacart ([CART](), Klaviyo ([KVYO](), News Corp ([NWSA](), Robinhood ([HOOD](), Uber Technologies ([UBER]() - [Arm Holdings (ARM)]( - expect revenue improvement of +6.6% to $878.2M and +$.30 EPS - Thursday: Roblox ([RBLX](), Tapestry ([TPR](), Warner Bros. Discovery ([WBD]() Full earnings calendar [here]( HEADLINES [âOutrageously Powerfulâ](- [Apple Revamps iPads with AI-Powered Pro]( Company adds latest M4 processor to new iPad Pro device. The iPad lineup hasnât been updated since October 2022. [Reddit Soars After Strong Sales in First Report Since IPO]( Social media company reports adjusted Ebitda of $10 million. Daily active users jumped 37% to 82.7 million globally. - US revokes Intel, Qualcomm licenses to sell chips to Huawei ([more]() - FDA advisers weighing first psychedelic therapy in early June ([more]() - US election risks are now showing up in foreign exchange markets ([more]() - US probe finds a toxic culture at the F.D.I.C. ([more]() - Tesla pulls the plug on supercharger ([more]() - PE firms circle Peloton for potential buyout ([more]() - TikTok, ByteDance sue US gov to block divest-or-ban law ([more]() - Ex-Google CEO Schmidt says he considered buying TikTok ([more]() - Instacart, Uber join forces to add Uber Eats to Instacart app ([more]() - Disneyâs promised streaming future finally here as cable TV decays ([more]() - OpenAI building tool to let content creators âopt outâ of AI training ([more]() - Spirit Airlines CEO calls the airline industry a 'rigged game' ([more]() - The Blackstone fund BREIT faces big questions ([more]() - New rivals could threaten Novo Nordisk, Eli Lillyâs weight loss drug dominance ([more]() - Elizabeth Holmes gets months trimmed from prison release date ([more]() DEALFLOW M+A | Investments - NFL set to allow teams to sell 30% of franchise to private equity ([more]() - Prada heir says Italian group is open to M&A opportunities ([more]() - Perpetual to be broken up, name being sold to KKR in $1B deal ([more]() - Docusign, an intelligent agreement management company, acquired Lexion, an agreement management software, for $165M ([more]() - Synopsys, provider of integrated software solutions, entered agreement with Clearlake Capital Group, L.P. and Francisco Partners, for sale of iSoftware Integrity Group business ([more]() - Innovative Motion Technologies, an interface and control solutions industrial tech platform, acquires Check Technology, a flexible heating systems company ([more]() - Echo360, a SaaS platform for learning engagement outcomes, acquires Inkling, a digital training and development company ([more]() - Intain, a digital finance company, acquired IN-D.ai, a company specializing in transforming unstructured documents and data ([more]() - Akamai Technologies, a cloud company empowering and protecting life online, acquired Noname Security, an API security company, for approx. $450M ([more]() - Pearl, AI solutions for dentistry, received an investment from Dental Innovation Alliance VC Fund I ([more]() VC - Wiz, a cloud security company, raised $1B at a $12B valuation ([more]() - Delphia Therapeutics, a cancer therapeutics biotech company, raised $67M in Series A funding ([more]() - TXOne Networks, a leader in Cyber-Physical Systems security, raised $51M in its Series B extension round of financing ([more]() - Prologue Medicines, a company advancing therapeutics, received a $50M investment from Flagship Pioneering ([more]() - Honeycomb, a digital insurer, raised $36M in Series B funding ([more]() - Averto Medical, a clinical-stage medical device company, raised $30M in Series A funding ([more]() - Inkbit, an advanced additive manufacturing solutions company, raised $19M in funding ([more]() - Daloopa, a historical data provider, raised $18M in Series B funding ([more]() - Backpack Healthcare, an online pediatric mental healthcare provider, raised $14M in Series A funding ([more]() - Neurable, a neurotech company, raised $13M in funding ([more]() - Numeric, an AI-powered accounting automation company, raised $10M in Seed funding ([more]() - Paxafe, a company delivering AI-powered decision support solutions for cold chain logistics, raised $9M in Series A funding ([more]() - Humanaut Health, a clinic for health optimization and longevity, raised $8.7M in Seed funding ([more]() - Think Bioscience, a synthetic biology company developing small-molecule therapeutics, raised a $6M Seed extension funding ([more]() - Niobium, a custom silicon provider, raised $5.5M in Seed funding ([more]() - eDwellfi, an AI, blockchain, and tokenization solutions company for private funds, raised $3M in Seed funding to date ([more]() - OptMyCare, provider of a clinically engineered AI healthcare & risk management platform, raised $3M in Series A funding ([more]() - Nudge Security, a provider of SaaS security and governance, raised a Seed extension funding ([more]() - Cache, a life sciences company for biological sample and data storage infrastructure, raised undisclosed amount in Seed funding ([more]() Any news or data you wish was included in your briefing?
â¦just hit reply and tell us! CRYPTO - Grayscale withdraws its Ethereum futures ETF application ([more]() - Bitcoin rebound has crypto options traders anticipating $100K ([more]() - Binance says it was asked for âsecretâ payment over Nigeria woes ([more]() - Revolut's crypto exchange goes live for experienced traders ([more]() - Germanyâs KfW to sell its first blockchain-based digital bond ([more]() BULLISH BITES ð¼Â Pioneer: Crypto? AI? Internet co-creator [Robert Kahn already did it](⦠decades ago. ðµâð« Dysmorphia: How TikTok is [wiring]( Gen Zâs money brain. ð Donât miss it: The weight loss pill that could [disrupt a $32 Billion industry](.* ð½Â Report: [One in 24]( NYC residents is now a millionaire. âï¸ Amenities: IV drips are the [newest]( luxury travel flex. DAILY SHARES [tw profile: Trung Phan] Trung Phan @TrungTPhan [tw] How it started How itâs going May 7, 2024 1.5K Likes 111 Retweets 65 Replies [tw profile: Autism Capital ð§©] Autism Capital 𧩠@AutismCapital [tw] TikTok sues the US Gov citing âfreedom of speech.â Any idea where this lawsuit will go? We have one. May 7, 2024 30 Likes 1 Retweet 6 Replies [tw profile: Not Jerome Powell] Not Jerome Powell @alifarhat79 [tw] May 7, 2024 1.1K Likes 90 Retweets 41 Replies What did you think about today's briefing? - [âï¸âï¸âï¸âï¸âï¸ Excellent, keep it comin'!](
- [âï¸âï¸âï¸âï¸ Good stuff](
- [âï¸âï¸âï¸ It was alright](
- [âï¸ Needs work]( Have a comment or suggestion?
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