💼 ESG backlash

JPMorgan Chase, BlackRock drop out of UN climate alliance... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 February 16, 2024 | [Read Online]( Good morning. The Fast Five → JPMorgan Chase, BlackRock [drop out]( of UN climate alliance, Rubio urges SEC to [block Shein IPO]( on conditions, House won’t pass stopgap to avoid [shutdown](, Bezos sells more than $2B in Amazon stock for [third time]( this month, and younger generations gained [more wealth]( than older groups since 2019… Calendar: - Today: Producer Price Index (PPI), 8:30a ET - Monday, 2/19: President’s Day (market closed) Your 5-minute briefing for Friday, February 16: BEFORE THE OPEN As of market close 2/15/2024. Pre-Market: Market Recap: - Stock futures stable Thurs. night amid strong market momentum. - Dow futures down 0.14%, S&P flat, Nasdaq up 0.15%. - DoorDash falls 8.5% post-hours on wider loss, Trade Desk surges 18.9% on Q4 beat. - Applied Materials soars 12% on positive earnings. - Investors weigh inflation data, retail sales dip. - S&P hits record high above 5,000. - Week's gains: S&P up <0.1%, Dow 0.3%, Nasdaq -0.53%. - Focus on Treasury yields, PPI data this morning. EARNINGS Full earnings calendar [here]( HEADLINES [JPMorgan Chase, BlackRock Drop Out of Massive UN Climate Alliance in Stunning Move]( JPMorgan Chase says its in-house sustainability efforts are sufficient to fight global warming [Rubio Urges SEC to Block Shein IPO Unless China Operating Risk Disclosed]( In a letter sent Thursday to SEC Chair Gary Gensler, Rubio wrote that Shein’s recent decision to request approval from Beijing for a prospective US IPO “raises serious doubts” about the accuracy of the company’s filings. - Fed’s Powell to testify before congressional panels next month ([more]() - House won’t pass stopgap to avoid shutdown, key Republican says ([more]() - House votes to overturn Biden’s natural gas export approval freeze ([more]() - UK economy falls into recession, adding to Sunak's election challenge ([more]() - Younger generations gained more wealth than older groups since 2019, study says ([more]() - NYCB discloses over $18.7 bln in reciprocal deposit capacity, shares rise ([more]() - Wells Fargo says regulator has lifted a key penalty tied to its 2016 fake accounts scandal ([more]() - Nvidia holdings disclosure pumps up shares of small AI companies ([more]() - Jeff Bezos sells more than $2 billion in Amazon stock for third time this month ([more]() - Ford CEO says forget Tesla, ‘Pro’ unit is auto industry’s future ([more]() - ESG backlash on Wall Street spurs a jump in ETF closures ([more]() - Wawa billionaires bet on taking the convenience chain south ([more]() - Wealthy Saudi family is buying up failing Children’s Place ([more]() PRESENTED BY TRADINGVIEW Where the world does markets. 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[Try It - FREE]( - please support our sponsors - DEALFLOW M+A | Investments - SEC clears Trump's social media deal worth as much as $10B ([more]() - DraftKings acquires Jackpocket for $750M ([more]() - KKR to acquire a stake in health tech firm Cotiviti ([more]() - True Religion explores a sale as maximalist, Y2K-era styles make a comeback ([more]() - Britain's The Independent in talks to take control of BuzzFeed UK ([more]() - Achmea in talks with NN Group, Athora to sell life insurance business ([more]() - Prysmian signs record $5.4B of deals with Germany's Amprion ([more]() - GSK completes acquisition of Aiolos Bio for up to $1.4B ([more]() - Swisscom sole remaining party in talks for Vodafone Italy ([more]() - Accenture (ACN) acquired Insight Sourcing, a provider of strategic sourcing and procurement services ([more]() - Vista Equity-backed Salesloft acquires Drift ([more]() - Stellex-backed Fenix Parts purchases Pacific Rim Auto Parts ([more]() - Shamrock invests in Carnegie ([more]() - Pathstone acquires Crestone Capital ([more]() - OEP-backed Armis buys AI cybersecurity company CTCI ([more]() - Capstreet buys ASR ([more]() - Cantaloupe acquires Cheq ([more]() - Chipmaker Renesas to buy software firm Altium for $6B ([more]() - Starwood Capital invests in Echelon Data Centres ([more]() - Clarion invests in Narrative Strategies ([more]() - Inyarek Partners, a private equity firm, launched to identify and cultivate compelling asset development opportunities in support of the energy transition ([more]() VC - Lambda, a GPU cloud company, raised $320M in Series C, at over $1.5B valuation ([more]() - Freenome, a biotech company developing blood tests for early cancer detection, raised $254M in funding ([more]() - Lilac Solutions, a company which specializes in lithium extraction technology, raised $145M in Series C funding ([more]() - Duetti, a music financing platform, raised $90M in funding ([more]() - Higharc, a provider of a cloud platform for homebuilding operations, raised $53M in Series B funding ([more]() - NextPoint Therapeutics, a biotech company developing a new class of precision oncology therapeutics targeting the novel HHLA2 pathway, raised $42.5M in Series B extension funding ([more]() - LeoLabs, a space safety, security, and sustainability company, raised $29M in funding ([more]() - Scribe, a platform for documenting and sharing business processes, raised $25M in Series B funding ([more]() - Point2 Technology, a provider of ultra-low-power, low-latency mixed-signal SoC solutions for multi-terabit interconnect, raised additional $22.6M in Series B funding ([more]() - Upwards, a national childcare network and care benefits company, raised $21M in Series A funding ([more]() - Sage Geosystems, a provider of Geopressured Geothermal System (GGS) technologies, raised $17M in Series A funding ([more]() - Clarity, an AI cybersecurity startup, raised $16M in Seed funding ([more]() - Alembic, a provider of a holistic marketing attribution platform for enterprises, raised $14M in Series A funding ([more]() - Vatom, a provider of a customer engagement platform, raised $10M in Series B funding, at $125M valuation ([more]() - Arch, a data intelligence platform for HVAC contractors, raised $6.2M in Seed funding ([more]() - Celadyne, a decarbonization and hydrogen solution company, raised $4.5M in Seed funding ([more]() - Privy, a provider of a real estate investment software platform, raised $4M in Growth funding ([more]() - Merit Medicine, a health tech startup, raised $2M in Seed funding ([more]() - ScaleIP, a company helping enterprises identify high-intent target companies to monetize underutilized patents, raised $1.5M in funding ([more]() Fundraising - 406 Ventures, an early-stage venture capital firm, closed its fifth core fund, at $265M ([more]() Was this forwarded to you? [Get tomorrow’s briefing here]( » CRYPTO - Crypto exchange Coinbase posts first profit in two years on robust trading ([more]() - Michael Saylor’s MicroStrategy Bitcoin bet tops $4B in profit ([more]() - US Fed Gov. Waller says DeFi could boost dollar's global strength ([more]() BULLISH BITES 🔥 The ‘it’ list: [Y Combinator]( lists 20 new startup ideas it will fund. 🎥 Game-changer: OpenAI’s new software lets you create realistic video [by simply typing]( a descriptive sentence. 🌉 Comeback: Don't believe the haters—[San Francisco is back](. 😫 'Like a torture session': Apple Vision Pro users are [returning]( their $3.5K headsets. 🚀 50 million can’t be wrong: [Test-drive TradingView today]( and experience the supercharged, super-charting platform and social network millions of traders and investors rely on. [Try it »]( DAILY SHARES [tw profile: Daniel] Daniel @growing_daniel [tw] “Yes, svb” cracks me up. Like the copywriter can see the disbelief in the readers eyes Feb 16, 2024 360 Likes 6 Retweets 16 Replies [tw profile: The ₿itcoin Therapist] The ₿itcoin Therapist @TheBTCTherapist [tw] Saylor won't stop buying #Bitcoin Feb 16, 2024 331 Likes 29 Retweets 24 Replies [tw profile: Trung Phan] Trung Phan @TrungTPhan [tw] “There’s only two ways to make money in business: One is to bundle; the other is unbundle.” — Jim Barksdale Feb 16, 2024 900 Likes 75 Retweets 21 Replies Know someone who would enjoy this? [CLICK TO SHARE]( 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? 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