💼 Endless inflation

Griffin says high inflation to last years… your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 November 09, 2023 | [Read Online]( ☕️ Good Morning. The Fast Five → Griffin says [high inflation]( to last years, [Eli Lilly]( wins FDA approval for rival obesity drug, Amazon to offer Prime members $99 annual access to [primary-care]( service, ChatGPT experiences [major outage](, and 16 members of the [Gambino family mafia]( arrested in major NY/Sicily raid… Here’s your 5-minute briefing for Thursday: BEFORE THE OPEN As of market close 11/8/2023. MARKETS: - S&P 500 futures dip slightly after extending winning streak. - Disney's stock up 3% in after-hours trading due to strong profit report. - Lyft shares down 2% due to disappointing bookings and ongoing struggles expected. - S&P 500 achieves eight-day winning streak, Nasdaq hits nine days, while Dow snaps seven-day[Â](run. - Technology stocks continue to lead amid interest rate considerations. - Jobless claims data and remarks from Fed officials, including Chair Jerome Powell, in focus this morning. EARNINGS What we’re watching: - Today: Tapestry (TPR) - [Full earnings calendar here]( NEWS BRIEFING [Griffin Says Peace Dividend Over, High Inflation to Last Years]( Higher baseline inflation may last for decades, Griffin says US spending like a ‘drunken sailor,’ deficit is unsustainable. [Eli Lilly Wins FDA Nod for Obesity Drug That Rivals Wegovy, Ozempic]( Zepbound’s list price is about $1,060 for a one-month supply. Drug will be available by the end of the year, Lilly said. - DeSantis vows to ‘rein in’ Federal Reserve during Republican cebate ([more]() - Republican Presidential candidates vow to ban TikTok during debate ([more]() - US Senate votes to reject 'Buy America' EV charging waiver ([more]() - DOJ announces arrests in ‘high-end brothel network’ used by elected officials, military officers and others ([more]() - Mortgage rates plunge and demand finally inches back ([more]() - VIX notches its longest slide since October 2015 ([more]() - China slips back into deflation as recovery remains fragile ([more]() - UAW to 'pull out all stops' organizing nonunion automakers ([more]() - Caesars averts strike in deal with Las Vegas unions ([more]() - Pressure grows on US Treasury to salvage trucking giant Yellow ([more]() - Arm reports first post-IPO earnings and the stock is down 7% ([more]() - Amazon to offer lower-cost primary care to Prime members in latest healthcare push ([more]() - OpenAI’s ChatGPT back online after ‘major’ outage ([more]() - Disney expands cost-cutting plan by $2 billion ([more]() - Amazon cuts jobs in music streaming unit ([more]() - Virgin Galactic pausing flights next year and laying off 18% to focus on next-gen spacecraft ([more]() - Private equity showers junior staff with rewards to retain talent ([more]() - Gambino family Mafia crackdown: 16 arrests by New York feds and Italian authorities ([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 - Harvest Partners, a private equity firm, closed Harvest Partners IX, L.P., at over $5.3 Billion ([more]() - Platinum Equity nears $3 billion-plus deal for Kohler Unit ([more]() - IBM (NYSE: IBM) is launching a $500M venture fund ([more]() - Black Ore, a provider of an AI platform for financial services, raised $60M in funding ([more]() - Forward Therapeutics, a biopharmaceutical company developing small molecule therapies for chronic immunological and inflammatory disorders, raised $50M in Series A funding ([more]() - L-Nutra, a nutri-technology company, raised $47M in first tranche of its Series D funding ([more]() - Ascidian Therapeutics, a biotechnology company focused on treating human diseases by rewriting RNA, raised $40M in Series A extension funding ([more]() - Niron Magnetics, a company specializing in rare earth-free permanent magnets, raised $33M in funding ([more]() - Influence, a provider of a platform for venture investing, raised US $20.8M in Seed funding ([more]() - Fillogic, a provider of a technology Channel-Free Logistics platform, raised $13M in Series A funding ([more]() - Sift, a telemetry tool-based startup, raises $7.5M in funding ([more]() - Protecto, a provider of a data privacy solution across the AI lifecycle, raised $4M in Seed funding ([more]() - Osmo, a machine olfaction startup, received a $3.5M grant from the Bill & Melinda Gates Foundation ([more]() - Yee-Haw Monster Trucks, a gaming studio building a new kind of virtual world built and governed by players, raised $3.3M in seed funding ([more]() - Concept Matrix Solutions (CMS), a vertically integrated biotechnology company, received a $1.2M investment from Impact Biotech for the purchase of 8.74% of post money equity ([more]() - Synergy ECP, a provider of software engineering, cybersecurity and systems engineering services for the U.S. Intelligence Community and Defense Department, received an investment from Falfurrias Capital Partners ([more]() - High Output, a supplier of production services and equipment for film, television, theatre, and events, received an investment from Willistown Capital ([more]() M & A: - First Stop Health, a virtual care company, acquired SentryHealth, a provider of an employee health and well-being platform ([more]() - Amplix acquires TNS Communications ([more]() - TSCP-Backed Savillex purchases ONFAB ([more]() - Core Industrial Partners buys General Converting ([more]() - Ardian purchases $2.1B PE portfolio from CPP Investments ([more]() - Lincoln Road buys Silversand Services and SLI Landscape ([more]() - LMP-backed Warner Pacific acquires BeneUSA ([more]() - Fox Factory purchases Wheelhouse Holdings from Compass Diversified ([more]() Was this briefing forwarded to you? ([Sign up here](.) CRYPTO - SEC Chair Gensler says rebooted FTX run by ex-NYSE chief is possible if done ‘within the law’ ([more]() - 70% Crypto yields are back with DeFi becoming a hot spot for leverage again ([more]() - Ex-Cantor executives start lending platform for anticipated spot Bitcoin ETFs ([more]() BULLISH BITES 🤔 WeWork is bankrupt, but [Adam Neumann]( is still a billionaire 🖼 [Picasso]( sells for $139 million, artist’s second highest in history 💣 ChatGPT’s new Turbo update just [destroyed]( cottage industry of developers piggybacking on AI’s success 🤖 Google Bard has introduced a new feature —"[human review](" — sparking privacy concerns over conversation monitoring 🐝 Interested in [starting your own]( newsletter? Beehiiv makes it simple! DAILY SHARES [tw profile: TrendSpider] TrendSpider @TrendSpider [tw] $SPY After 7 straight sessions of gains, bears finally get their tiny red candle. 😅 Nov 8, 2023 311 Likes 31 Retweets 36 Replies [tw profile: Chris Bakke] Chris Bakke @ChrisJBakke [tw] If these guys buy a .ai domain, they could raise a $700M series B with these metrics Nov 9, 2023 2K Likes 84 Retweets 69 Replies [tw profile: Ramp Capital] Ramp Capital @RampCapitalLLC [tw] Hear me out. We turn the sphere into a WeWork. Looking for investors. Composer @ComposerTrade The Las Vegas Sphere just reported a $98.4 million loss for the quarter twitter.com/i/web/status/1… Nov 8, 2023 437 Likes 18 Retweets 24 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! 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