💼 Falling behind

China is falling behind in race to become AI superpower -your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 May 09, 2024 | [Read Online]( First time here? [Sign up]([»]( Good morning. The Fast Five → [S&P 500]( ‘bumps into a wall’, China is [falling behind]( in race to become AI superpower, [AstraZeneca]( withdraws COVID-19 vaccine from global market, [Musk’s xAI]( nears funding at $18 Billion value, and Trumps war on [short sellers]( pays dividends. Full briefing ahead, but first… 🤝 [Connect with the best financial advisor in your area]( from WiserAdvisor - a no-cost, independent and unbiased matching service. [Match me »]( Calendar: (all times ET) Today: Initial jobless claims, 8:30a FRI, 510: Consumer sentiment, 10:00a Your 5-minute briefing for Thursday, May 9: BEFORE THE OPEN As of market close 5/8/2024. Pre-Market: US Investor % Bullish Sentiment: 38.49% for Wk of Apr 25 2024 (Last week: 32.13%) Market Recap: - Dow futures up 0.02%, S&P 500 flat, Nasdaq slips 0.1% - Airbnb dips 8% post-earnings; Robinhood climbs 3% - S&P 500 nearly flat, Nasdaq down 0.2%; Dow gains 170+ points - Today: Warner Bros. Discovery, Akamai earnings - Weekly jobless claims data expected this morning EARNINGS What we’re watching this week: - Today: Roblox ([RBLX](), Tapestry ([TPR](), Warner Bros. Discovery ([WBD]() Full earnings calendar [here]( HEADLINES [S&P 500 ‘Bumps Into a Wall’ After Blistering Rally]( Citi’s Montagu says fewer investors keen to join stock advance. Treasuries hold losses as $42 billion sale sees tepid demand. [China is Falling Behind in Race to Become AI Superpower]( Without easy access to foreign-made, high-powered chips, Chinese AI firms are struggling to catch up to their Western competitors. - US wholesale inventories drop by unrevised 0.4% in March ([more]() - Bond selloff extends to Asia as stocks tread water ([more]() - Money funds start shuffling assets ahead of SEC rule changes ([more]() - Oil advances as US stockpile decline signals tighter market ([more]() - US eyes curbing China's access to AI software like ChatGPT ([more]() - 79% of US biotech companies contract with Chinese firms ([more]() - Tesla autopilot probe - US prosecutors focus on securities, wire fraud ([more]() - Shopify shares plunge 19% on weak guidance ([more]() - Uber's not out of the woods yet ([more]() - Trump war on short sellers pays dividends as ‘DJT’ stock rises ([more]() - Musk’s xAI nears funding at $18 Billion value soon as this week ([more]() - Neuralink’s first in-human brain implant has experienced a problem ([more]() - Disney, Warner Bros. Discovery to bundle streaming services ([more]() - AstraZeneca withdraws COVID-19 vaccine from global market ([more]() PRESENTED BY WISERADVISOR Compare top advisors in your area, Free. [Connect with the best financial advisor]( for your needs from WiserAdvisor - a no-cost, independent and unbiased matching service… ✅ Trusted by over 100,00+ consumers since 1998 ✅ Free initial 1 on 1 consultation ✅ Get a personalized match with 2-3 vetted Advisors to compare — and NO match fee! It’s easy. Simply answer a few questions and WiserAdvisor will find and connect you [with 2-3 financial advisors]( in your area now… [Match me with a No-Obligation Advisor »]( ~ please support our sponsors ~ DEALFLOW M+A | Investments - Paramount in talks to open its books to Sony, Apollo ([more]() - Apollo lines up $1.1 Billion of financing for US Silica buyout ([more]() - SoftBank in talks to buy troubled AI chip firm Graphcore ([more]() - Jay-Z’s Marcy Venture Partners nears deal with Pendulum Investment arm ([more]() - Frasers Group nears deal for fashion chain Ted Baker ([more]() - Reveal, provider of an AI-powered eDiscovery, review and investigations platform, acquired Onna Technologies, a platform to manage data from cloud-based collaboration tools ([more]() - VSS-backed Olympus purchases Artisan ([more]() - Latticework Capital’s ACRS buys Elixia ([more]() - Granite Creek-backed VPS buys Diamond Animal Health ([more]() - Craveworthy Brands acquires Untamed Brands ([more]() - LottieFiles, an animation design platform, received a strategic investment from Webflow Ventures and Figma Ventures ([more]() - Heartland, a material sciences company, received an investment from Chemovator ([more]() - Elementary, an AI-powered machine vision company, received an investment from Rockwell Automation ([more]() VC - Atlan, a data and AI governance company, raised $105M in Series C funding ([more]() - Delphia Therapeutics, a cancer therapeutics biotech company, raised $67M in Series A funding ([more]() - Arbelos Markets, a principal liquidity provider in crypto derivatives markets, raised $28M in mix of seed equity and debt financing ([more]() - RunPod, a company that empowers developers to deploy custom full-stack AI applications, raised $20M in Seed funding ([more]() - Xona Space Systems, a network of small satellites to provide high-precision navigation services, raised $19M in Series A funding ([more]() - Acclinate, a company specializing in mobilizing diverse communities for health equity, raised $17M in Series A funding ([more]() - Panax, provider of an AI-driven cash flow management platform, raised $15M in funding ([more]() - Blackwell Security, a provider of specialized cybersecurity solutions for the healthcare sector, raised $13M in funding ([more]() - Ciba Health, a digital health company, raised $10M in Series A funding ([more]() - ChangeEngine, an Internal Marketing & People Design Platform, raised $10M in Series A funding ([more]() - Lucid Bots, a company specializing in robotics for labor-intensive tasks, raised $9.1M in Series A funding ([more]() - Altera, an artificial intelligence company creating digital human beings, closed a $9M seed funding round ([more]() - Provable Markets, provider of front, middle, and back-office tech solutions for Securities Finance, raised $8M in Series A funding ([more]() - Rapid Liquid Print, an additive manufacturing startup, raised $7M in Series A funding ([more]() - Greenboard, a compliance and operations software company for financial services, raised $4.5M in Seed funding ([more]() - In-House Health, provider of an AI scheduling and management platform for nursing teams, raised $4M in Seed funding ([more]() Any news or data you wish was included in your briefing? …just hit reply and tell us! CRYPTO - FTX customers poised to recover all funds lost in collapse ([more]() - Top crypto options desk QCP gets Abu Dhabi regulatory nod ([more]() - Crypto markets under pressure as $2B worth of altcoin token unlocks and $11B Bitcoin distribution loom ([more]() BULLISH BITES 🍎 Succession: [John Ternus](, Apple’s head of hardware engineering, is emerging as a potential successor to CEO Tim Cook. 💵 Protect your wealth: [Your No-Cost Wealth Management Guide]( from Goldencrest isn't just advice – it's your survival kit in this economic battlefield. [Download your complimentary guide »]( * 🌪 Vortex: The [‘world’s largest’ vacuum]( to suck climate pollution out of the air just opened. 💰 Selling out: [Gold bars]( are selling like hot cakes in Korea’s convenience stores and vending machines. 📝 Internal memo: Shein's executive chair tells employees that the days of sourcing products from factories using [forced labor]( are over. DAILY SHARES [tw profile: Trung Phan] Trung Phan @TrungTPhan [tw] If your CFO wears any of these shoes, you will survive the recession. May 8, 2024 21.1K Likes 1.54K Retweets 119 Replies [tw profile: TrendSpider] TrendSpider @TrendSpider [tw] Gone, but never forgotten. $AAPL May 9, 2024 300 Likes 16 Retweets 26 Replies [tw profile: ESG Dick Cheney] ESG Dick Cheney @ESG_DickCheney [tw] May 8, 2024 17 Likes 1 Retweet 0 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. 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