💼 Lulu x Peloton = Fit Hit

Lululemon strikes deal with Peloton... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 September 28, 2023 | [Read Online]( [Market Briefing] ☕️ Good Morning. The Fast Five → Lululemon strikes deal with [Peloton](, it’s Lina Khan vs. Jeff Bezos in Big Tech [cage match](, Goldman says odds of a government [shutdown]( are now 90%, Delta CEO: company went ‘too far’ with [Skymiles]( changes, and [ChatGPT]( users can now search internet… Here’s your MarketBriefing for Thursday: BEFORE THE OPEN As of market close 9/27/2023. MARKETS: - Flat stock futures as weak month and quarter nears end. - Dow futures flat, S&P 500 and Nasdaq 100 futures up 0.1%. - Micron Tech down 3% post-bell on weak guidance; Peloton surges in Lululemon partnership. - Mixed session with slight S&P 500 and Nasdaq gains (0.02% and 0.2%), Dow down 0.2%. - 10-year Treasury yield at 15-year high. - Dow -3.4% for the month, -2.5% for the quarter; S&P 500 -5.2% for the month, -4% for the quarter; Nasdaq -6.7% for the month, -5% for the quarter. - Upcoming data: jobless claims, home sales, GDP; focus on PCE price index as Fed's inflation metric. - Nike's earnings report due after today's bell. EARNINGS Here’s what we’re watching this week: - Today: Nike (NKE) - [Full earnings calendar here]( NEWS BRIEFING [Lululemon Strikes Deal With Peloton for Fitness Content, Will Ax Mirror Device]( Lululemon announces 5-year deal with fellow high-end fitness brand Peloton [Lina Khan vs. Jeff Bezos: This Is Big Tech's Real Cage Match]( The FTC filed an antitrust lawsuit against Amazon, pitting the agency’s chair, Lina Khan, against the company’s founder, Jeff Bezos, in a long-awaited confrontation. - Goldman Sachs says the odds of a government shutdown are now 90%—and it could last two to three weeks ([more]() - As shutdown looms, companies should go public 'before Friday' -US SEC chief ([more]() - Republican debate recap: Haley, Scott and Ramaswamy clash as Trump courts auto workers ([more]() - 10-year Treasury yield reaches level not seen in more than 15 years ([more]() - Bank of America says 5% yield requires sentiment boost ([more]() - Mortgage demand slumps as rates surge to 23-year high ([more]() - Gold, silver getting hammered by rising bond yields, strong greenback ([more]() - Oil prices surge to highest level in more than a year (more) - UAW again threatens to expand strikes at Detroit automakers if progress isn’t made by Friday ([more]() - Kia and Hyundai recall 3.3 million cars, tell owners to park outsides ([more]() - JPMorgan ‘options whale’ worries resurface as stocks extend drop ([more]() - Instacart shares fall further below IPO price ([more]() - Delta CEO: Company went ‘too far’ with its SkyMiles rewards program changes ([more]() - Elon Musk wins US Space Force contract for Starshield ([more]() - ChatGPT users can now browse internet, OpenAI says ([more]() - Meta CEO Mark Zuckerberg looks to digital assistants, smart glasses and AI to help metaverse push ([more]() - PGA Tour considers US investors to quell LIV golf deal worries ([more]() - Costco is selling gold bars and they are selling out within a few hours ([more]() - Costco CEO says more younger people are signing up for memberships ([more]() - McKinsey agrees to pay $230 Million to settle more opioid suits ([more]() Was this briefing forwarded to you? ([Sign up here](.) DEALFLOW - Avalyn Pharma Inc., a clinical-stage biopharmaceutical company focused on development of targeted inhalation therapies for life-threatening pulmonary diseases, closed a $175M Series C financing ([more]() - Evozyne, a Generative AI company focused on therapeutic discovery and drug development, closed an $81M Series B funding round ([more]() - Kneron, a company developing full-stack hardware and software products for AI applications, raised additional $49M in Series B funding ([more]() - Doceree, a global network of physician-only platforms for programmatic messaging, raised $35M in Series B funding ([more]() - Slope, a B2B payments platform for enterprise companies, raised $30M in equity funding ([more]() - Midi Health, a women’s midlife healthcare company, raised $25M in Series A funding ([more]() - Series, a developer of a platform to automate businesses’ finance and operations stacks, raised $25M in seed and Series A funding ([more]() - Infravision, a company accelerating power grid modernization with drone-enabled power line upgrades, raised $23M in Series A funding ([more]() - Gem Security, a Cloud Detection and Response (CDR) company, raised $23M in Series A funding ([more]() - CellFE Inc., a life sciences tools company developing a microfluidics-based cell engineering platform dedicated to advancing development and manufacturing of advanced cell therapies, closed a $22M Series A financing ([more]() - Loge Camps, a lodging brand that enables travelers to engage with the outdoors, raised over $16M in funding ([more]() - Mundi, a provider of a platform for importers and exporters manage payments, collections, FX management, and insurance, raised $15M in Series A-2 funding ([more]() - Canvs AI, a provider of an insights platform built to unlock consumer and employee feedback, raised $15M in funding ([more]() - Vali Cyber, a provider of Linux cybersecurity solutions, raised $15M in Seed funding ([more]() - Revefi, a provider of a zero-touch platform to monitor and manage data quality, performance and costs, raised $10.5M in Seed funding ([more]() - EchoMark, a SaaS information protection company, raised $10M in Seed funding ([more]() - UserEvidence, a provider of a customer voice platform for B2B go-to-market (GTM) teams, raised $9M in Series A funding ([more]() - XL8, a deep-tech startup specializing in AI-powered machine translation technology, closed $7.5M Series A funding round ([more]() - Lucid Scientific, a life science instruments company, raised $7M in Series A funding ([more]() - Zerobroker, a provider of a logistics technology platform, raised $6.5M in Seed funding ([more]() - Partillion Bioscience Corporation, a life science tools company, raised $5M in Seed funding ([more]() - Boisson, a New York-based large non-alcoholic beverage retailer, raised $5M in bridge funding ([more]() - Machine Discovery, a software company which uses machine learning technology to accelerate compute-intensive optimization and simulation tasks, raised £4.5M in funding ([more]() - Axial Shift, a restaurant operations software provider, raised $4M in Seed funding ([more]() - Cypherleak, a cyber risk monitoring and scoring startup, raised $750K in Seed funding ([more]() - RealDefense, a company specializing in consumer security, privacy, and productivity software and support services, closed a multi-million dollar funding ([more]() - LocalCoho, an aquaculture startup that raises premium Coho salmon at an indoor farm, received new funding from Cuna del Mar ([more]() - Fusion Connect, a managed communications service provider (MCSP) and Microsoft Cloud Solution provider (CSP), received new debt financing ([more]() M & A: - apexanalytix, a provider of global supply chain risk management data, software and services, acquired Darkbeam, a provider of supplier cyber risk management solutions ([more]() - Twig Labs acquires Zuke ([more]() - ATS purchases Avidity Science ([more]() - Charlesbank-backed Titan Cloud buys Leighton O’Brien ([more]() - Marlin-backed Virgin Pulse merges with New Mountain Capital-Backed HealthComp ([more]() CRYPTO - SEC’s Gensler throws more Crypto punches in Congressional hearing ([more]() - Crypto exchange Kraken plans to offer trading in US-listed stocks ([more]() - How Ethereum staking stacks up in the proof-of-stake landscape ([more]() BULLISH BITES ✈️ Meet the Delta Fliers Who DON'T Hate the New SkyMiles Rules A chorus of travelers jeered Delta Air Lines’ recent changes to its frequent-flier program and airport lounge rules. Drowned out by the drumbeat of “Done with Delta” declarations: a subset of travelers who welcome the changes → [WSJ]( 📕 The Reading Unlock Entrepreneurs influenced by a single read include Joe Coulombe, Elon Musk, Jeff Bezos, Morris Chang, Sarah Blakely, Chip Wilson and Phil Knight → [Trung]( ☕️ With Howard Schultz Gone, New Starbucks CEO Looks to Reset Laxman Narasimhan, who took over the top job this year, tries to mend fractured relationship between workers and headquarters → [WSJ]( DAILY SHARES [tw profile: The Gritty Guy] The Gritty Guy @GritGrowthCap [tw] Harvard Business School grads looking at a $2m revenue HVAC services business with a retiring owner and no website Sep 28, 2023 77 Likes 10 Retweets 1 Replies [tw profile: High Yield Harry] High Yield Harry @HighyieldHarry [tw] “We’re gonna call you Donald Duck.” Sep 28, 2023 117 Likes 7 Retweets 6 Replies Know someone who would enjoy this? [CLICK TO SHARE 🔥Â]( What did you think about today's briefing? - [⭐️⭐️⭐️⭐️⭐️ Excellent, keep it comin'!]( - [⭐️⭐️⭐️⭐️ Good stuff]( - [⭐️⭐️⭐️ It was alright]( - [⭐️ Needs work]( Like what you see? [Subscribe Now]( Keep the curation going! [Buy the team a coffee]( ☕️ Have any suggestions for MarketBriefing? We’d love to hear it. [Share your thoughts here]( -mb [fb]( [tw]( [in]( Update your email preferences or unsubscribe [here]( © 2023 MarketBriefing 99 Wall St, Ste 314 New York, NY 10005, United States of America [[beehiiv logo]Powered by beehiiv](