💼 Too addicting

Meta gets sued for addictive features aimed at kids... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 October 25, 2023 | [Read Online]( ☕️ Good Morning. The Fast Five → World leaders seek [pause to fighting]( to allow aid into Gaza, [Meta gets sued]( by 42 attorneys general for addictive features aimed at kids, Apple announces ‘[Scary Fast](’ product event night before Halloween, Republican Mike Johnson’s up next to seek [speaker’s gavel](, and Jamie Dimon [rips central banks]( for being dead wrong on forecasts… Here’s your 5-minute briefing for Wednesday: BEFORE THE OPEN As of market close 10/24/2023. MARKETS: - S&P 500 futures mostly unchanged after Microsoft and Alphabet earnings. - Microsoft shares rise 3.7% on strong fiscal first-quarter results. - Alphabet shares drop over 6% due to cloud business missing estimates. - Major averages gain during the main trading session, Dow up 0.6%, S&P 500 and Nasdaq up 0.7% and 0.9%. - Positive earnings contribute to a positive outlook for the market. - Traders anticipate key quarterly reports, including Boeing, IBM, and Meta. - Economic focus on September's building permits and new home sales data for housing market insights. EARNINGS Here’s what we’re watching this week: - Today: Meta Platforms (META) - Thursday: Amazon.com (AMZN) - [Full earnings calendar here]( NEWS BRIEFING [Meta Sued by 42 Attorneys General for Addictive Features Targeting Kids]( The lawsuits demonstrate the broad bipartisan interest in protecting kids and teens from online harm. [Apple Announces 'Scary Fast' Oct. 30 Event (8p ET), New Macs Expected]( Apple (AAPL.O) said on Tuesday it will hold a special event named "Scary Fast" on Oct. 30. Media reports have said the company may release new Mac devices with a faster M3 chip. - Israel War Latest: - Blinken says pauses in war needed for Gaza aid ([more]() - Biden, Saudi Crown Prince discuss efforts to contain Israeli-Hamas conflict ([more]() - Google disables live traffic conditions on Maps and Waze in Israel and Gaza ([more]() - US House Republicans to see if Mike Johnson can win speaker's gavel ([more]() - Jamie Dimon rips central banks for being ‘100% dead wrong’ on economic forecasts ([more]() - Vanguard says debt investors dreading rates rout are missing out ([more]() - Xi makes unprecedented PBOC visit in sign of focus on economy ([more]() - GM withdraws 2023 guidance, UAW strikes SUV plant ([more]() - Car workers strike costing GM $200M a week ([more]() - Andurand says oil must hit $110 before Saudi Arabia eases supply curbs ([more]() - Verizon stock soars to its best day in almost 15 years ([more]() - Nvidia to make Arm-based PC chips in major new challenge to Intel ([more]() - Anheuser-Busch and UFC strike multiyear partnership, as brewer tries to turn around Bud Light sales ([more]() - Apple to revamp TV app in step toward simplifying video services ([more]() - Frontier Airlines overhauls frequent flyer program to reward travelers based on spending ([more]() - Airline CEOs predict loyalty program doom under proposed legislation ([more]() - Gucci sales fall as Kering lags rivals facing luxury slowdown ([more]() - Promise of free money backfires on California community colleges ([more]() TOGETHER WITH INVESTORS BUSINESS DAILY Experience IBD for just $1 IBD has been helping people like you invest better for over 35 years. 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DEALFLOW - Russia strikes deal with Dubai's DP World to develop Arctic sea route ([more]() - Cadence Bank to sell insurance business to Arthur J Gallagher for $904M ([more]() - OrbiMed, a global healthcare investment firm, raised more than $4.3 billion in commitments for its latest private investment funds ([more]() - Keyfactor, Inc., an identity-first security solution for modern enterprises, secured a minority investment from Sixth Street Growth, the growth investing platform of Sixth Street, at an enterprise value of approximately $1.3 billion ([more]() - Legacy closes $100M senior credit facility from Wells Fargo ([more]() - PSG Invests in AirWorks ([more]() - Ares invests in Interstate Waste Services ([more]() - Sixth Street invests in Keyfactor ([more]() - Rampart Bioscience, a biotechnology company developing next-generation biologics, raised $85M in Series A funding ([more]() - Censys, a provider of an internet intelligence platform for threat hunting and exposure management, raised $75M in funding ([more]() - Adlumin, a managed detection and response (MDR) company providing a security operations platform, raised $70M in Series B funding ([more]() - DermBiont, a clinical-stage biotechnology company, raised $35.2M in Series B funding, including a $27.1M Series B first close and $8.1M in converting outstanding notes ([more]() - Signos, a provider of a metabolic health platform, raised $20M in Series B funding ([more]() - Greater Good Health, a healthcare organization enabling and expanding access to value-based care for seniors, closed a $20M Series A financing ([more]() - LyGenesis, a clinical-stage biotechnology company, raised $19M in Series A-2 funding ([more]() - Aleph, a provider of a financial planning and analysis platform, raised $16.7M in funding ([more]() - PhaseV, a company specializing in causal machine learning (ML) technology that optimizes clinical trial design and analysis, raised $15M in funding ([more]() - QuoteWell, a tech-enabled commercial insurance wholesale brokerage, raised over $15M in Series A funding ([more]() - OnsiteIQ, a construction intelligence platform for commercial real estate investors, developers, and owners, closed a $14M Series B financing round ([more]() - Eden, a sustainable natural resource recovery company, raised $12M in Seed funding ([more]() - xtype, an agile software delivery company, raised $10.8M in funding ([more]() - Twelve Labs, a video understanding company, raised $10M in funding ([more]() - Palladium Energy, a utility-scale solar and storage developer within the U.S., closed a $10M corporate equity investment from Ultra Capital ([more]() - Preczn, a financial services Command Center specializing in vertical SaaS platforms, raised $6.8M in funding ([more]() - LighthouseAI, a company specializing in compliance solutions for the pharmaceutical supply chain, raised $4.6M in Seed funding ([more]() - Yourco, a provider of an SMS-based platform for non-desk employees, raised $2M in Seed funding ([more]() - Innerworld, a provider of a mental health platform, received $2M grant from National Institute of Mental Health (NIMH) ([more]() - JourneyTrack, an enterprise-grade SaaS experience management platform provider, raised $1M in funding ([more]() - Cogito, a company specializing in real-time AI coaching and guidance for the enterprise, raised an undisclosed amount in funding ([more]() - hostU, a medium-term rental platform curated for university students and faculty, received an equity investment from Thirteen Castles ([more]() M & A: - Roche buys bowel drugmaker Telavant for $7.1B ([more]() - Vector Solutions acquires Pathwayos ([more]() - Gemspring purchases InflowCX from Renovus ([more]() - Oji Group buys Walki from OEP ([more]() - General Atlantic acquires minority stake in TBO ([more]() Was this briefing forwarded to you? ([Sign up here](.) CRYPTO - Coinbase shares rise 7% as Grayscale ETF ruling takes effect ([more]() - Bitcoin price surge sees significant asset outflow on crypto exchanges ([more]() - FTX is negotiating with three bidders to restart Crypto exchange ([more]() BULLISH BITES 💰 Might be [hard to believe]( with the cost of living crisis, but the average American household has achieved millionaire status 🧼 You can scrub your personal information from Google searches. [Here’s how to do it](… 🚗 Forget Tesla – this $13,000 [tiny car]( is Japan's best-selling EV 💲 After decades of hypergrowth, fintechs have entered a new era of value creation - read McKinsey’s new 17-page [fintech report]( 📚 TIme to [learn something new]( or enhance your existing skill set? Explore thousands of classes with Skillshare (+ get one free month) DAILY SHARES [tw profile: sophie] sophie @netcapgirl [tw] “wait so maybe i’m not understanding this right, your job is just like trading currencies? like when you go to europe and trade dollars for euros? i guess… i mean i thought you said you made a lot of money, who pays you so much for this? it’s more complicated than that? how so?” Oct 24, 2023 198 Likes 5 Retweets 12 Replies [tw profile: Autism Capital 🧩] Autism Capital 🧩 @AutismCapital [tw] The SEC fines are so funny to us. It’s like $2 million in fines per $20 million in fraud leaving you with an $18 million profit. Just the cost of doing business. And a pretty good deal at that. Watcher.Guru @WatcherGuru JUST IN: 🇺🇸 SEC charges BlackRock with failing to disclose investments. Oct 24, 2023 680 Likes 81 Retweets 38 Replies [tw profile:  Q-Cap ]  Q-Cap  @qcapital2020 [tw] Big congratulation to $SNAP for reporting $40M in Adjusted EBITDA and paying themselves $350M of SBC. VERY PROUD Oct 24, 2023 1.04K Likes 101 Retweets 61 Replies [tw profile: Wall Street Silver] Wall Street Silver @WallStreetSilv [tw] You vill eat ze bug ... 👀🚨 — Klaus Schwab World Economic Forum Oct 24, 2023 729 Likes 227 Retweets 252 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 a comment or suggestion for MarketBriefing? We’d love to hear it! 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