💸 Another 12-figure AI deal

Good evening. The stock market is riding the AI wave again. With Nvidia pouring $100B into OpenAI, the boom shows no signs of slowing.

⬆︎⬇︎ 1-day change
Market data: today’s market close

WINNERS

⬆︎60.80% Metsera

Pfizer is betting big on weight loss drugs with a takeover of Metsera worth up to $7.3B. The deal gives Pfizer access to several experimental obesity treatments, including a lead drug that cut body mass by more than 11% in a mid-stage trial with fewer side effects than current options. It’s Pfizer’s attempt to get back into a market now dominated by Eli Lilly and Novo Nordisk’s GLP-1 drugs. [Read more]

⬆︎45.54% Anywhere Real Estate

Two huge real estate players are set to merge, as Compass announced it will acquire Anywhere Real Estate in an all-stock deal valuing the combined firm at about $10B. Compass is a tech-driven brokerage, while Anywhere owns household names like Century 21 and Coldwell Banker. [Read more]

⬆︎6.31% Oracle

The long TikTok saga may finally be nearing an end. The White House confirmed that under the pending deal, TikTok’s U.S. operations will be run by a new majority-American ownership group, with Oracle overseeing its all-important algorithm. ByteDance will keep a minority stake of less than 20%, while investors like Oracle, Silver Lake, and Fox Corp. are expected to be part of the new venture. [Read more]

⬆︎3.97% Nvidia

The chipmaker invests $100B into OpenAI as the lab builds massive new data centers running on Nvidia’s processors. The project will eventually require 10 gigawatts of power (equivalent to millions of GPUs) and aims to handle OpenAI’s 700 million weekly users while pushing forward next-generation AI models. The deal cements Nvidia as OpenAI’s go-to supplier for chips. [Read more]

MORE WINNERS

⬆︎19.38% Applied Digital
⬆︎8.93% Lumen
⬆︎6.70% CoreWeave
⬆︎5.23% Moderna

⬆︎⬇︎ 1-day change
Market data: today’s market close

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LOSERS

⬇︎5.82% Amer Sports

Amer Sports (the owner of Arc’teryx and Atomic ski gear) is under investigation in China, after a fireworks show sponsored by Arc’teryx in Tibet drew backlash over potential environmental harm. The backlash shows how quickly marketing can backfire when it runs into local sensitivities. [Read more]

⬇︎7.47% Kenvue

Another report has now surfaced, suggesting the U.S. Health and Human Services department could soon warn that using Tylenol during pregnancy may increase autism risk. That’s more bad news for Kenvue, which owns Tylenol, and has repeatedly pushed back, saying decades of research show no link. [Read more]

⬇︎8.22% Porsche

Porsche cut its profit forecast for the fourth time this year and delayed key electric vehicle launches. The luxury automaker, owned by Volkswagen, said its planned all-electric SUV will instead debut as a gas and hybrid model for now, while its new EV software platform has been pushed back to the 2030s. It also warned the EV shift would reduce profits by €1.8B this year. [Read more]

MORE LOSERS

⬇︎6.58% Zillow
⬇︎12.43% Opendoor
⬇︎15.74% Compass

⬆︎⬇︎ 1-day change
Market data: today’s market close

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