💼 Mega merger

Hess investors sign off on $53 billion Chevron takeover -your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 May 29, 2024 | [Read Online]( Sponsored by First time here? [Sign up]([»]( Good morning. The Fast Five → Hess investors sign off on $53 billion [Chevron takeover](, Samsung Electronics' [union threatens]( first ever walkout, Nvidia's market value surges [closer to Apple](, GameStop shares jump 30+%, and [Ex-OpenAI](, and ex-OpenAI safety leader [joins rival]( Anthropic… Calendar: (all times ET) THU, 5/30: Initial jobless claims, 8:30a FRI, 5/31: PCE Index, 8:30a Your 5-minute briefing for Wednesday, May 29: BEFORE THE OPEN As of market close 5/28/2024. Pre-Market: US Investor % Bullish Sentiment:  47.04% for Wk of May 23 2024 (Last week: 40.86%). Market Recap: - Stock futures near flat after Nasdaq hit record high. - AA fell 6% on lowered Q2 sales; JetBlue, Southwest down 2%. - Robinhood up 3% on $1B buyback. - Nasdaq up 0.6%, led by Nvidia's 7% jump. - S&P up 0.02%, Dow down 0.6% on Merck drop. - May gains: S&P +5.4%, Dow +2.7%, Nasdaq +8.7%. - Investors eye April PCE inflation report Friday. EARNINGS Here’s what we’re watching this week: - Today: Abercrombie & Fitch ([ANF](), American Eagle Outfitters ([AEO](), Chewy ([CHWY](), HP ([HPQ]() - [Salesforce (CRM)]( - earnings to rise 40.2% (YoY) to $2.37 per share on $9.1 billion (+10.9% YoY) - Thursday: Asana ([ASAN](), Best Buy ([BBY](), Birkenstock Holding ([BIRK](), Costco Wholesale ([COST](), Cracker Barrel ([CBRL](), Gap ([GPS](), Kohl's ([KSS](), Nordstrom ([JWN](), Ulta Beauty ([ULTA]() - [Dell Technologies (DELL)]( - earnings of $1.26 per share (-3.8% YoY) on $21.7B revenue (+6.9% YoY) - [Dollar General (DG)]( - earnings of $1.57 per share (-32.9% YoY) on $9.9B (+6.5%) Full earnings calendar [here]( [An AI Super-Event is on the Horizon: Less Than Three Months Away. Uncover the Insights.]( [(Privacy Policy/Disclosures)]( HEADLINES [Hess Investors Vote in Favor of $53 Billion Chevron Takeover]( Investors’ green light clears one hurdle for the tie-up to happen but a challenge by Exxon makes final outcome uncertain. [Samsung Electronics' Union Threatens First Ever Walkout Next Week]( Samsung Electronics' union in South Korea will begin escalating strike action next week over demands for higher wages, union officials said on Wednesday. - US consumer confidence rises for first time in four months ([more]() - Treasury yields spike after pair of weak US sales ([more]() - Fed’s Kashkari wants to see ‘many more months’ of positive inflation data before a rate cut ([more]() - Price gains for gold, silver amid bullish outside markets ([more]() - Oil advances as major producers expected to keep output cuts in place ([more]() - IMF upgrades China’s growth forecast to 5% on ‘strong’ first quarter and policy measures ([more]() - Investors pile into Saudi IPOs with $176 billion in orders ([more]() - AI darling Nvidia's market value surges closer to Apple ([more]() - GameStop shares jump more than 30% after $933M stock sale ([more]() - Robinhood unveils maiden stock buyback plan of $1 billion ([more]() - Porsche reveals first-ever 911 hybrid sports car, starting at $164,900 ([more]() - OpenAI creates oversight team with Sam Altman on board, begins training new model ([more]() - Ex-OpenAI safety leader to join rival Anthropic ([more]() - Activist Elliott bets $2.5B on shaking up Texas Instruments ([more]() - Starbucks is set to resume union negotiations as it confronts issues at its stores ([more]() - Musk's Neuralink seeks to enroll three patients in brain implant study ([more]() SPONSORED BY FRUITFUL Time to figure out your finances? 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[Get Started, Choose Your Guide]( DEALFLOW M+A | Investments - T-Mobile to buy US Cellular's wireless operations in $4.4B deal ([more]() - Cleveland-Cliffs is in talks to buy US plants of Russia’s NLMK ([more]() - J&J acquires experimental eczema drug in $1.25B cash deal ([more]() - Energy Transfer to buy Permian operator WTG for $3.3B ([more]() - Vista Outdoor to sell sporting unit for $1.96B after Czech group raises offer ([more]() - KKR-SingTel consortium frontrunner to buy $1B stake in data centre provider ([more]() - Kretinsky poised to make firm offer for Royal Mail owner ([more]() - ECP to buy Atlantica Sustainable for $22 per share in cash ([more]() - Blue Owl, Lunate buy minority stake in Linden Capital Partners ([more]() - Blackstone buys $1B mortgage portfolio from Germany’s PBB ([more]() - Asplundh buys Arcline portfolio company Voltyx ([more]() - Reichmann Segal purchases Athletica Sport Systems ([more]() - Bernhard Capital Partners buys Apogee ([more]() - Core-backed PrecisionX acquires National Manufacturing ([more]() - TransDigm acquires L Squared-backed Raptor Scientific ([more]() - OpenText, a cybersecurity company, acquired Pillr, a security operations software provider and a subsidiary of Novacoast ([more]() - Realtime Robotics, a company specializing in collision-free autonomous motion planning for industrial robots, received an investment from Mitsubishi Electric Corporation ([more]() VC - Transcend, a data privacy platform provider, raised $40M in Series B funding ([more]() - Supervizor, a provider of a plug and play quality assurance platform for finance teams, raised $22M in funding ([more]() - Claros Technologies, Inc., a leader in PFAS analytical and destruction technologies ([more]() - Rain AI, an AI chip startup, raised $8.1M in Series A Extension round ([more]() - Switchboard, a customizable Oracle network letting users plug into the on-chain economy, raised $7.5M in Series A funding ([more]() - Sagetap, an AI-driven marketplace matching SaaS buyers and sellers, raised $6.8M in funding ([more]() - NodeOps, provider of a Blockchain node orchestration platform, raised $5M in Seed funding ([more]() - Braavo Capital, provider of non-dilutive financing for consumer subscription apps, raised $5M in Series B funding ([more]() - Coinflow Labs, an instant settlement payment provider, closed its $2.25M seed funding round ([more]() CRYPTO - Mt.Gox transfers $9B Bitcoin to single address as part of repayment plans ([more]() - Former FTX executive Salame sentenced to 7.5 years in prison ([more]() - Riot Platforms pursues takeover of rival Bitcoin miner Bitfarms ([more]() BULLISH BITES 💸 Record high: How the world got into [$315 trillion]( of debt 🚀 Revealed: Historic NVIDIA partnership could send [this tiny AI stock]( soaring.... * 🍎 Neverending: Why Epic’s [lawsuit]( against Apple just won’t quit. ⚡️ High energy: Germany is generating so much solar power that electricity prices are [going negative](. 🚬 Pass the dutchie: [Marijuana surpasses alcohol]( in daily use for Americans, says a new study. DAILY SHARE [tw profile: Trung Phan] Trung Phan @TrungTPhan [tw] Masayoshi Son after selling a 5% stake in Nvidia for $4B in 2019 and seeing NVDA hit a $2.8T market cap (that stake would have been worth $140B) May 28, 2024 2.96K Likes 210 Retweets 53 Replies [tw profile: Not Jerome Powell] Not Jerome Powell @alifarhat79 [tw] May 28, 2024 4.32K Likes 363 Retweets 63 Replies [tw profile: High Yield Harry] High Yield Harry @HighyieldHarry [tw] Kicking off intern season by making our interns pledge. They have to stand there for 48 hours without leaving. Only the strongest will survive. May 28, 2024 624 Likes 12 Retweets 21 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. 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