💼 Apple's $17B rescue

Apple plans rescue for $17 billion watch business facing ban... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 December 19, 2023 | [Read Online]( ☕️ Good Morning. The Fast Five →  [Apple plans rescue]( for $17 billion watch business facing ban, [Adobe and Figma]( call off $20 billion acquisition, Fed’s Goolsbee says he was ‘confused’ by last week’s [market reaction](, antitrust regulators issue [new merger rules]( amid crackdown, and [Nikola founder sentenced]( to four years in prison for fraud… Here’s your 5-min briefing for Tuesday: BEFORE THE OPEN As of market close 12/18/2023. MARKETS: - Stock futures nearly flat after previous session's gains. - Dow futures dip 22 points (-0.06%), S&P 500 futures and Nasdaq-100 futures slightly lower. - Recent rally fueled by Fed's hint at 2024 rate cuts, cooling inflation, and lower Treasury yields. - S&P 500 just 1.2% away from its all-time closing high. - December on track for gains, with S&P 500 up 3.8%, Nasdaq up 4.8%, and Dow up 3.8%. - Light economic data and earnings week ahead; focus on building permits, housing starts, and FedEx earnings. - Atlanta Fed President Raphael Bostic scheduled to speak. EARNINGS What we’re watching this week: - Today: - [FedEx]( (FDX) - expected: $4.20 per share (+32.1% YoY) on $22.4 billion revenue (-1.8% YoY) - Thursday: - [Nike]( (NKE) - expected: $.84 per share (-.1.2% YoY) on $13.4 billion revenue (+0.8% YoY) Full earnings calendar [here]( [Apple Plans Rescue for $17 Billion Watch Business in Face of Ban]( Company submitting software workaround to customs agency. ITC order set to restrict US sales of watches on Dec. 25. [Adobe and Figma Call Off $20 Billion Acquisition After Regulatory Scrutiny]( Under pressure from regulators, Adobe calls off its plans to acquire a leading competitor. - Fed’s Goolsbee says he was ‘confused’ by last week’s market reaction ([more]() - Global supply chain under threat after militant attacks in the Red Sea ([more]() - Antitrust regulators issue new merger rules amid crackdown ([more]() - Long-dated US Treasury bonds are now in bull market ([more]() - US Dollar sideways with Fed warning markets they are wrong ([more]() - Mega-cap tech leads US stocks higher as Dow Jones hits another record high ([more]() - Homebuilder sentiment rises more than expected as mortgage rates fall ([more]() - BOJ avoids rate hike signal as it stands pat, driving Yen lower ([more]() - Dealmakers to miss $3 trillion mark for first time in 10 years ([more]() - Goldman Sachs faces rocky exit from Apple credit card partnership ([more]() - Nikola founder Trevor Milton sentenced to four years in prison for fraud ([more]() - Amazon is spending $10 billion in challenge to Musk's Starlink ([more]() - Google to pay $700 million to U.S. consumers, states in Play store settlement ([more]() - Hindenburg’s Adani, Icahn calls mark year of prominent bets ([more]() - OpenAI is giving its board veto powers over Sam Altman ([more]() TOGETHER WITH IBD’s MARKETSMITH The most powerful platform available Some call it the ‘affordable’ Bloomberg Terminal. With [IBD’s MarketSmith]([,]( you'll have access to the same resources and insights as a professional stock market analyst, but at a fraction of the cost. MarketSmith allows you to streamline your research by consolidating all of the information you need into a single window. Get smarter trade ideas, analyze them quickly and see when to buy and sell, [all in one platform](. 🔥 MarketBriefing Exclusive → [Get 6-Weeks for just $49.95]( (that’s HALF-OFF the regular price!) — so if you’ve ever wanted to test-drive MarketSmith, now is your chance! (limited-time offer) [Let me test-drive MarketSmith]( DEALFLOW M & A | INVESTMENTS: - Amazon, Diamond Sports discussing potential streaming deal ([more]() - US Steel agrees to takeover by Japan's Nippon Steel ([more]() - ERP Logic, an SAP and cloud solutions provider, has been rebranded as Nobl Q and has acquired Jeevan Technologies, an IT services and consulting company with a significant presence in the US ([more]() - Coupang, Inc. (NYSE: CPNG), a global retailer, announced plans to acquire the business and assets of Farfetch Holdings plc, a UK-based online luxury company ([more]() - 1440 Foods, a portfolio of sports and active nutrition brands, received an investment from Bain Capital Private Equity, in partnership with existing investor and operator 4×4 Capital ([more]() - Chipotle Mexican Grill (NYSE: CMG) is investing in Greenfield Robotics, a regenerative farming company leveraging the latest advances in AI, robotics, and sensing technologies ([more]() - Chipotle Mexican Grill is investing in Nitricity, a company seeking to tackle greenhouse gas emissions by creating fertilizer products that are better for fields, farmers, and the environment ([more]() - Xcellerant Ventures invested in Lenoss Medical, a provider of an innovative system for the treatment of spinal fractures ([more]() - Samyang buys Verdant Specialty Solutions from OpenGate Capital ([more]() - TPG buys stake in Canadian Warehouses from Oxford for $750M ([more]() - Clearlake, Insight buy Alteryx for $4.4B ([more]() - Masonite acquires PGT Innovations ([more]() - Kinzie Capital Partners’ GT Golf purchases ProActive Sports ([more]() - Audax invests in Dobbs Tire & Auto Centers ([more]() - IBM buys two software AG data platforms for $2.3B ([more]() - OceanSound-backed RMA Companies buys Rone Engineering ([more]() - Yellow Wood Partners acquires Elida Beauty from Unilever ([more]() VC - Lingrove, a composite materials company, raised $10M in funding ([more]() - Strike Graph, a Trust Operations platform for operating and measuring security & compliance, raised $8.5M in funding ([more]() - Biorithm, a women’s health medtech company, raised $3.5M in Series A funding ([more]() - Aether Fuels, an advanced climate technology company, raised $8.5M in pre-Series A financing via convertible notes ([more]() - /Reach, a social-fi innovation company to ‘fix Crypto Twitter’, raised $1M in seed funding on chain in less than 24 hours ([more]() - KAID Health, a maker of the artificial intelligence-enabled Whole Chart Analysis platform, raised an undisclosed amount in funding ([more]() FUNDRAISING: - Pivotal Life Sciences, a global investment firm dedicated to investing in companies involved in healthcare innovation seeking to improve patient outcomes, closed Pivotal bioVenture Partners Fund II, at $389M ([more]() - Turnspire Capital Partners closed Turnspire Value Fund II, L.P. , at $275M in capital commitments ([more]() - Argonaut Private Equity closes Fifth Fund at $500M ([more]() - Turnspire closes Fund II at $275M ([more]() DEBT | RESTRUCTURING: - Equinox seeks $1.3 billion from private credit for refinancing ([more]() Was this briefing forwarded to you? [Sign Up Here]( CRYPTO - BlackRock revises spot Bitcoin ETF proposal ahead of rumored SEC approvals ([more]() - Crypto heavyweights amass $78 million for industry super PAC ([more]() - Ripple, Coinbase, & More Unite for Crypto Presidential Candidates ([more]() - FTX files reorganization plan to end bankruptcy ([more]() BULLISH BITES 🕺 Watch: [Dancing Iranian]( taxi driver becomes unlikely symbol of resistance. 🎁 Last minute: Gifts you can get at... the [grocery store](. 🎅🏻 Pitch deck: Some kids are getting more sophisticated with their Christmas lists, creating a vibe that’s [more sales pitch than Santa](. 🍺 Beer to Bitcoin: The '[most interesting man in the world](' of Dos Equis fame is now the face of a Bitcoin ETF provider. 💎 Man-made: That [diamond]( in your Christmas stocking might have been grown in a lab. DAILY SHARES [tw profile: Not Jerome Powell] Not Jerome Powell @alifarhat79 [tw] Bitcoin tried to break below $40,000 but if failed miserably. Now its next target is $69,000. See chart below: Dec 18, 2023 462 Likes 51 Retweets 65 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? [Get tomorrow’s briefing here]( Keep the curation going! [Buy the team a coffee]( ☕️ Have a comment or suggestion? We’d love to hear it! 💌 [Send us a message](mailto:hello@marketbriefing.com) [ADVERTISE](mailto:partner@marketbriefing.com) | [SUBSCRIBE]( Disclaimer: MarketBriefing is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. 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