💼 Endeavor, Fenway Tee Up PGA?

Investors eye PGA tour deal to rival Saudi Arabia’s offer... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 September 29, 2023 | [Read Online]( [Market Briefing] ☕️ Good Morning and happy Friday. The Fast Five → Investors eye [PGA tour deal]( to rival Saudi Arabia’s offer, [Brad Gerstner](: AI will be bigger than the internet and mobile, [GameStop]( names Ryan Cohen as CEO, [Epic Games]( cuts 16% of staff, and [Peloton soars]( after Lululemon deal… Here’s your MarketBriefing for Friday: BEFORE THE OPEN As of market close 9/28/2023. MARKETS: - Stocks recover: Dow up 0.35%, S&P 500 gains 0.59%, Nasdaq up 0.83%. - Challenging month and quarter for major indexes. - Leading sector: communication services, with 1.2% gain driven by Meta Platforms. - Intel and Cisco Systems contribute to Dow's rise. - Treasury yields ease from multiyear highs, reducing rate hike fears. - 10-year Treasury yield hits 15-year high but later retreats. - Bond market trends closely watched for recession signals. - Friday's focus: PCE price index, Fed's preferred inflation gauge. - U.S. spending bill negotiations in Washington continue before Oct. 1 deadline; shutdown concerns linger. EARNINGS - [Full earnings calendar here]( NEWS BRIEFING [Fenway Sports, Endeavor Show Interest in PGA Tour to Replace Saudi LIV Deal]( The PGA Tour has been under fire after a groundbreaking deal with Saudi’s PIF. However, there appear to be other suitors. [Brad Gerstner: AI Will Be Bigger Than the Internet, Bigger Than Mobile]( Altimeter Capital Chair and CEO Brad Gerstner is massively bullish on artificial intelligence, saying the power of the advanced technology could even trump the internet. - US Senate secures votes to advance temporary government funding bill ([more]() - Kevin O'Leary: We didn't get any policy during the GOP debate ([more]() - Citi to pay $2 million for failing to mail disclosures, SEC says ([more]() - Ex-Goldman associate charged with insider trading by US ([more]() - Holiday shoppers are getting an early jump on the season, but student loan payments weigh heavily ([more]() - China taps new Finance Party Chief, paving way for Minister role ([more]() - European Central Bank is studying A.I. as a new tool ([more]() - Peloton soars after Lululemon deal to share fitness content ([more]() - GameStop names Ryan Cohen as CEO effective immediately, won’t receive salary ([more]() - Henry Kravis, Endeavor, Fenway eye PGA Tour deal to rival Saudi Arabia’s ([more]() - Delta to adjust SkyMiles program after customer outcry ([more]() - Microsoft discussed selling Bing to Apple as Google replacement ([more]() - ‘Fortnite’ maker Epic Games is cutting about 16% of staff ([more]() - Character.AI in early talks for funding at more than $5 billion valuation ([more]() - Honda takes another crack at US EV market with help from GM ([more]() - X CEO takes on former Twitter executive ([more]() - Uber, DoorDash, GrubHub must pay $18/hour to NYC couriers ([more]() Was this briefing forwarded to you? ([Sign up here](.) DEALFLOW - $1 billion metals SPAC deal backed by Glencore, automakers collapses ([more]() - South Africa's SPAR to sell loss-making Polish business ([more]() - Stokke owner NXC weighs options for $1 Billion baby brand ([more]() - Bain Capital weighs deal for Advent’s CCC insurance software ([more]() - Mercury Fund, an early-stage venture firm focused on investments outside of traditional coastal tech hubs, raised $160M for Fund V ([more]() - AlphaSense, a provider of a market intelligence and search platform, raised $150M in Series E funding at a $2.5 Billion valuation ([more]() - Harbinger Health, a biotechnology company focused on cancer screening and detection, raised $140M in Series B funding ([more]() - Transfr, a company specializing in virtual reality-based skills training for middle-skilled careers, raised $40M in Series C Growth funding ([more]() - Deka Biosciences, a biotech company, raised USD $20M in Series B2 funding ([more]() - PortX, a company which specializes in integration and open banking for community financial institutions and fintechs, raised $16.5M in Series B funding ([more]() - Evvy, a startup providing women’s healthcare through biomarker discovery, raised $14M in Series A funding ([more]() - Nextdata, a provider of a data-mesh-native platform, raised $12M in Seed funding ([more]() - Nexusflow, a Generative AI company working for the cybersecurity industry, raised $10.6M in Seed funding ([more]() - Yaysay, a provider of an AI powered shopping app just launched in Beta mode, raised $10.3M in venture funding ([more]() - Prompt AI, a startup leveraging large language models to enable access to computer vision, raised $5M in Seed funding ([more]() - UnitX, a robotics company building AI vision systems for the manufacturing industry, raised $5M in funding ([more]() - Geneos Therapeutics, a clinical stage biotherapeutics company, raised $5M in Series A 3 funding ([more]() - Invoke AI, a maker of open-source generative artificial intelligence (AI) software for artist and creative teams, raised $3.75M in Seed funding ([more]() - Accredible, a provider of a digital credentialing platform, raised an undisclosed amount in Series B funding ([more]() - Lumi, a food and beverage packaging startup fighting the global surge in single-use plastics, closed its seed round of funding of undisclosed amount ([more]() - Dyntasy Equity invests in Liverpool F.C. ([more]() M & A: - Gazprombank buys Russia MEGA shopping centres from IKEA affiliated business ([more]() - Accel-KKR’s ToolsGroup buys Evo ([more]() - Sycamore Partners acquires Chico’s FAS for $1B ([more]() - Ineos purchases $500M Eastman Texas City site ([more]() - Capstreet buys PlanetBids ([more]() - Gryphon Investors acquires AirX Climate Solutions ([more]() - PartnerHero, an outsourcing company providing a customer operations platform, acquired ElevateCX, a community and event series for customer experience leaders ([more]() - Overfuel, a digital retail platform designed for the automotive industry, acquired 321 Ignition, a provider of a mobile-first car-buying website platform ([more]() CRYPTO - Mixin hacked for $200M, Worldcoin eyes greater expansion and Haun Ventures’ execs talk crypto regulation ([more]() - Worldcoin doubles down on emerging markets amid wider criticism ([more]() - Valkyrie Investments first to offer ether futures through ETF ([more]() BULLISH BITES 🤔 Should VCs Back the FTC Suit Against Amazon? The FTC is not incredibly popular in the tech world today, taking aim at several high-dollar deals and executing vigorous antitrust efforts that could make it harder for the richest companies in tech to snap up smaller rivals → [TechCrunch]( 👀 Inside JPMorgan’s Year of Being Haunted by Jeffrey Epstein Bank’s past ties to notorious sex offender come home to roost. Firm agreed to pay $365 million to settle two cases this year → [Bloomberg]( DAILY SHARES 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. 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