💼 Takeover blocked

Nvidia gets DOJ subpoena -your pre-market briefing inside...                                                                                                                                                                                                                                                                                                                                                                                                                 September 05, 2024 | [Listen Online]( | [Read Online]( Editor note: Hello - for the next few weeks you may catch a stray briefing in your promotions or spam folder - this is because we’ve switched to a new domain and told to expect a little turbulence. How you can help: Kindly mark any stray briefing as "not spam", drag it to your primary folder, or reply to this email. We’ll be smooth sailing again by the end of the month. Thank you! -MB Team Good morning. The Fast Five → [Biden to block]( Nippon Steel’s takeover of US Steel, [Harris pushes]( 28% capital gains tax, [Nvidia]([denies]( receiving DOJ subpoena, Wall Street is [unsettled]( again, and leaks reveal Russia built [covert trade channel]( with India… 💰 Unveiled: [NVIDIA’s "Secret Royalty" Program]([»]( From Behind The Markets Calendar: (all times ET) - Full calendar [here]( - Today: Initial jobless claims, 8:30 AM - Tomorrow: US unemployment report, 8:30A, 8:30 AM Your 5-minute briefing for Thursday, September 5: BEFORE THE OPEN As of market close 9/4/2024. Pre-Market: US Investor % Bullish Sentiment: ↓ 51.16% for Week of August 29 2024 Last week: 51.61%. Updates every Friday. Market Wrap: - S&P, Nasdaq down for two sessions; Dow +38 points. - Key jobless claims today, payrolls Friday. - Market reacting to growth concerns from weak data. - Jobless claims crucial for market stability, per BMO’s Yung-Yu Ma. - Fed rate decision tied to employment data. - Short-term turbulence expected, broader rally likely later. EARNINGS Here are the earnings we’re watching this week: - Today: DocuSign ([DOCU]() -  [Broadcom (AVGO)]( - earnings of $1.20 per share (+14.3% YoY) on $13.0B revenue (+46% YoY) Full earnings calendar [here](. HEADLINES [Biden to Block Nippon Steel’s Proposed Takeover of US Steel]( The proposed deal has sparked an election-year firestorm in the crucial swing state of Pennsylvania, where US Steel is based. [Harris Pushes 28% Capital Gains Tax Rate on $1 Million Earners]( The move aims to bolster Harris' efforts to court the business community and deep-pocketed donors. - Wall Street is unsettled again, after fueling a global sell-off - Fed rate-cut size this month to hinge on job market health ([more]() - Job openings data points to cooling job market ([more]() - Dollar weakness to stall as markets over-egg Fed rate cuts ([more]() - Oil price drop casts doubt on OPEC’s great unwind ([more]() - Russia built covert trade channel with India, leaks reveal ([more]() - JPMorgan abandons recommendation to buy China stocks ahead of US election ([more]() - Nvidia says they didn’t receive subpoena from DOJ ([more]() - OpenAI co-founder Ilya Sutskever raises $1 billion for his new AI firm ([more]() - Lyft to cut jobs in restructuring, sell part of bike business ([more]() - Volvo Cars abandons 2030 EV-only target ([more]() - Johnson & Johnson adds $1.1 billion to proposed talc settlement ([more]() - Bolt's big deal comes under new scrutiny ([more]() A Message from Behind The Markets Earn “AI Royalties” with This Strategic Investment Did you know that there's an investment that will give you the opportunity to collect "royalties" every time Nvidia makes a chip? Ex-Wall Street CEO Dylan Jovine calls this "the easiest windfall from the AI revolution." Elon Musk says that without this company, "civilization will crumble." JP Morgan Chase warns of a "global depression" without this investment. Even ChatGPT founder Sam Altman says AI depends on this company's work... [Click Here to learn how to get in now »]( - sponsored message - DEALFLOW M+A | Investments - Nordstrom family bids to take chain private for $3.8B ([more]() - Verizon is in talks to buy Frontier Communications ([more]() - Oaktree clinches sale of Italian bank Banca Progetto to Centerbridge ([more]() - UAE’s Adnoc buys 35% stake in Exxon’s Texas hydrogen plant ([more]() - L2L, a company specializing in connected workforce solutions acquired SwipeGuide, mobile-first training for the manufacturing workforce ([more]() - ITC Federal, a provider of IT solutions and enterprise services to US federal agencies, received an investment from Blue Delta Capital Partners ([more]() - Sonoma Biotherapeutics, a clinical-stage biotech company for autoimmune and inflammatory diseases, received a $45M investment from Regeneron Pharmaceuticals ([more]() - Tru Consulting, a digital transformation consultancy, received a strategic growth investment from Superstep Capital ([more]() VC - EnClear Therapies, an early-stage neurotechnology company, raised additional funding ([more]() - CeresAI, a data and analytics provider that helps growers, lenders and insurers reduce their farming risk, raised an undisclosed amount in Series D funding ([more]() - ArsenalBio, a clinical stage programmable cell therapy company, raised $325M in Series C funding ([more]() - eGenesis, a biotech company developing human-compatible engineered organs, raised $191M in Series B funding ([more]() - Cortex, a productivity platform for engineers, raised $60M in Series C funding ([more]() - Galy, a climate tech company, raised $33M in Series B funding ([more]() - Revefi, a data ops automation startup, raised $20M in Series A funding ([more]() - PatientPartner, a health-tech startup improving patient engagement and adherence, raised $7M in Seed funding ([more]() - Flex, a provider of a solution for brands to accept HSA and FSA payments online, raised $3.2M in Seed funding ([more]() - Root Signals, a startup specializing in GenAI measurement with LLM-as-a-judge techniques, raised $2.8M in funding ([more]() CRYPTO - Trump family crypto project vows to ‘ensure dollar’s dominance’ ([more]() - Kamala Harris fundraising blitz in works by supporters in crypto ([more]() - Robinhood in $3.9M settlement with California over crypto withdrawals ([more]() BULLISH BITES 🚨 Breaking: [Collect “royalties” every time Nvidia makes a chip?]( * ✏️ The Buzz: Why is '[founder mode](' generating so much online chatter? Look no further than Paul Graham’s latest essay. 👀 Inside Look: What to expect from Apple’s ‘[It’s Glowtime](’ iPhone 16 event. 🏆 Bowl to Cup: Billionaire NFL owners bet on the [other]( football. 🍣 Trending: How [omakase]( became America’s favorite fine-dining flex. DAILY SHARE [tw profile: TrendSpider] TrendSpider @TrendSpider [tw] $NVDA flat in after hours despite the headline... 😶 [tw profile: TrendSpider] TrendSpider @TrendSpider JUST IN: NVIDIA says "we have not been subpoenaed" by DOJ $NVDA x.com/i/web/status/1… 8:29 PM • Sep 4, 2024 109 Likes 5 Retweets 21 Replies [tw profile: sophie] sophie @netcapgirl [tw] sorry mom i guess you don’t get it 7:39 PM • Sep 4, 2024 4.43K Likes 191 Retweets 75 Replies [tw profile: Wall Street Silver] Wall Street Silver @WallStreetSilv [tw] 😂 10:27 PM • Sep 4, 2024 2.99K Likes 368 Retweets 66 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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