Today's Finance Pulse
Autodesk to acquire MaintainX for $3.6B, expanding into operations software
Autodesk announced a $3.6 billion purchase of MaintainX, a leader in operational‑phase software for the built environment. The deal extends Autodesk’s portfolio from design and manufacturing into ongoing building operation, creating an end‑to‑end data loop. CEO Andrew Anagnost said the acquisition unlocks a $40 billion total addressable market.
Also developing:
By the numbers: Pemberton Asset Management closes $3.7B fourth vintage fund
HANetf and Infrastructure Capital Advisors Launch Nuclear Renaissance ETF in Europe
HANetf and Infrastructure Capital Advisors have launched the Nuclear Renaissance UCITS ETF (ticker NUKZ) in Europe, offering investors exposure to the full nuclear value chain—including fuel, construction, advanced reactors and utilities. The fund adopts a diversified, non‑commodity‑centric approach, contrasting with traditional uranium‑focused products. HANetf brings $470.55 million in existing nuclear‑related AUM, while ICA contributes $3.64 billion in assets under management to support the launch. The ETF targets growth driven by rising power demand, AI‑intensive data centers, and heightened energy‑security concerns.
Is Equipment as a Service the Future of Your Fleet?
Equipment as a Service (EaaS) lets firms pay for heavy‑equipment usage rather than owning the machines. Under an EaaS contract, the OEM or dealer retains ownership, provides a block of operating hours, and handles all maintenance and repairs. This model...
Money Market ETF Hits $22 Billion in Record Launch
ProShares launched the Genius Money Market ETF (IQMM) in late February, quickly amassing $22 billion in assets—making it the largest ETF debut of 2026. The fund is the first money‑market ETF structured to meet the Genius Act, a new federal framework...
OCIC Redemption Spike Covered by Quarterly Tender Liquidity
Blue Owl's non traded BDC, OCIC, received redemption requests for 21.9% of the fund. Is it cooked? No, it'll be fine. Here's why: 1) Portfolio turnover and 5% quarterly tender - OCIC tenders for 5% of its fund each quarter (20% per annum),...
SpaceX IPO at $1.75 Trillion... Can It Be Justified?
SpaceX is reportedly preparing an initial public offering that would value the company at roughly $1.75 trillion, dwarfing any previous aerospace listing. The filing, disclosed by Reuters, suggests the rocket maker aims to raise billions to accelerate Starship development and its...
SRLN: 7.7% Yield Remains Attractive, But Rate Cut Expectations Reduce Allocation Case
The SPDR BlackRock Senior Loan ETF (SRLN) is delivering roughly a 7.7% dividend yield, positioning it as a high‑income vehicle in a rate‑sensitive market. Its portfolio of floating‑rate, short‑tenure senior loans dampens direct interest‑rate exposure, focusing risk on issuer credit...
The 3 Habits That Keep US Expat Founders Financially Sound
US founders launching startups abroad must still meet U.S. tax filing and foreign reporting requirements. The article advises three habits: treat taxes as an operating expense with a dedicated reserve, forecast global cash flow months ahead, and keep personal and...
Macro Matters: The Auto ABS Landscape With BI’s Chadehumbe
In this episode, Bloomberg Intelligence ABS strategist Rod Chattagumbe discusses his newly released Auto ABS Primer, highlighting that auto ABS spreads have compressed to below their five‑year average and now appear relatively rich. He explains that strong upgrade‑to‑downgrade ratios—154 upgrades...
JP Morgan's Pool of Hybrid Mortgages Backs $349.2 Million in RMBS
JP Morgan has launched a $349.2 million residential mortgage‑backed security (RMBS) backed by a pool of 244 hybrid adjustable‑rate mortgages. The JP Morgan Mortgage Trust 2026‑HYB1 uses a modified sequential repayment waterfall, diverging from the conventional senior‑subordinate, shifting‑interest structure. The securities are...
Brazilian Banks to Verify Satellite Deforestation Data for Rural Credit
Brazilian banks will now verify satellite‑derived deforestation data before granting rural credit, a rule that takes effect on Wednesday. The requirement forces lenders to cross‑check properties against a government registry covering illegal clear‑cutting since July 2019, using imagery from the National...
Celyad Oncology Reports Full Year 2025 Financial Results and Business Highlights
Celyad Oncology posted FY 2025 results showing a dramatic turnaround, with net profit of €0.8 million (≈$0.86 M) versus a €5.8 million loss a year earlier. Revenue collapsed to €0.02 million (≈$22 k) while other income jumped to €8.3 million (≈$9 M) driven by a €2.3 million asset‑sale gain,...
Transaction in Own Shares
Shell plc announced on 2 April 2026 that it repurchased 858,749 shares for cancellation across four European venues as part of its on‑ and off‑market buy‑back programme. The UK‑listed portion (405,064 shares) was bought on the LSE, Chi‑X and BATS at an...
Loans in Focus: Cheyne Issues €288.6m in Paris; London’s Olympia Receives £925m Refinancing; CTP Secures Loan for Vietnamese Expansion
Cheyne Capital has extended a €288.6 million loan to fund a value‑add reposition of a Parisian property, while Deutsche Bank refinanced London’s Olympia tower with a £925 million (≈€1.1 billion) secured loan. SMBC led an Asian lender consortium to provide CTP, a logistics...
Australian Securities Exchange
Australia’s primary securities market, the Australian Securities Exchange (ASX), operates an integrated trading, clearing and settlement platform serving more than 2,200 listed entities and handling roughly $1 trillion USD in annual turnover. Originating from the 1987 merger of six regional exchanges,...
Emirates NBD Gets RBI Nod to Acquire up to 74% Stake in RBL Bank
Emirates NBD has secured Reserve Bank of India approval to acquire up to 74% of RBL Bank’s paid‑up share capital, with a mandatory minimum holding of 51%. The deal, valued at roughly $3 billion for a 60% controlling stake, triggers a...
TaxTec, Proxymity and Label Launch End-to-End MiKaDiv Fix
TaxTec, Proxymity and Label announced a strategic partnership to deliver the industry’s first fully connected, end‑to‑end solution for MiKaDiv withholding‑tax compliance. The joint offering links issuer, custodian and investor data, validates it across the custody chain, and produces schema‑driven regulatory...
GENFIT Reports Full-Year 2025 Financial Results and Provides Corporate Update
GENFIT reported 2025 results with cash €101.1 million (~$109 million) and revenue €65.4 million (~$70.6 million), the bulk coming from Ipsen milestones and royalties. Iqirvo® generated $208 million in full‑year sales, triggering a $20 million commercial milestone and activating an additional €30 million (~$32 million) royalty‑financing tranche. The...
Healthcare PE Outlook Shaped at HPE Miami 2026 Conference
The HPE Miami 2026 conference gathered senior healthcare private‑equity executives who outlined a bullish outlook for deal flow, highlighted evolving exit strategies, and warned of regulatory headwinds. The recap, published on JD Supra, signals how investors will shape sourcing and portfolio...
Topps Tiles Trims Footprint, Closes 23 Stores as H1 Revenue Slips 0.1%
Topps Tiles Plc announced first‑half revenue fell 0.1% to £142.7 million, prompting a plan to shut 23 stores and launch cost‑saving measures. Excluding its CTD division, revenue grew 2.1%, showing mixed performance amid a broader market decline.
Umicore - Transparency Notification by BlackRock, Inc.
BlackRock, Inc. disclosed that it crossed the 5% threshold for direct voting rights in Umicore on 27 March 2026, bringing its total stake to 5.67% (4.97% direct voting rights plus 0.69% equivalent instruments). The notification was filed on 30 March...
Coinbase Wins Initial Bank Regulator Nod for Trust Charter, Boosting Custody Push
Coinbase received conditional approval from the Office of the Comptroller of the Currency for a national trust company charter, a key step toward becoming a federally regulated crypto custodian. The OCC requires the exchange to build compliance infrastructure, hire key...
What Are Firms Getting Wrong with Perpetual KYC?
Perpetual KYC (pKYC) promises continuous, automated risk monitoring, contrasting with static, periodic checks. While the market is expanding—valued at $1.2 bn in 2024 and projected to reach $6.5 bn by 2033—many firms misinterpret pKYC as merely increasing review frequency or adding data...
Visa’s Canton Network Play Signals a New Phase for Corporate Payments
Visa announced it will join the Canton Network as a Super Validator, marking the first major global payments firm to provide trusted, privacy‑preserving blockchain infrastructure for regulated finance. The role allows Visa to apply its risk and compliance standards to...
Private Credit Strain Could Spike Borrowing Costs, Stall Tech Boom
The Economist: "As private-credit funds’ woes intensify, they will raise the cost of borrowing for firms across the economy, at a time when the Iran war is weighing on companies’ margins. The cost of debt in public markets has already...
Opinion: IRS Instability Could Complicate Tax Season for Businesses
The Treasury Inspector General warned that IRS capacity is uncertain as it tackles a massive modernization effort and rising reporting demands. In the 2026 filing season, inventories of unprocessed workstreams have surged, and the transition from the legacy FIRE system...
OpenAI Secures $122 Billion Funding, Hits $2 B Monthly Revenue, Shifts Toward Enterprise AI
OpenAI closed a $122 billion funding round at an $852 billion valuation and announced $2 billion in monthly revenue, with enterprise now accounting for over 40% of sales. The raise, led by Amazon, Nvidia and SoftBank, fuels a new enterprise‑focused model dubbed “Spud,”...
Python Reduces Portfolio Optimization to Four Lines
Stop trading with Excel. Start trading with Python. Portfolio optimization is literally 4 lines of Python code:
Gold Sellers Beware: Iran's CNY Deal Triggers Arbitrage
They’ll hold a meeting, realize they can’t open it if the US couldn’t, & then just agree to pay Iran in CNY… …and the easiest/only way to secure CNY is by buying physical gold in USD and selling that gold to...
Jess Conroy, CEO of ROH, on Building the Financial Core Hotels Never Had
In this episode, Peter Renton interviews Jess Conroy, CEO and co‑founder of Roe, about the massive gap in financial infrastructure within the hospitality industry. Conroy explains how hotels still rely on manual, error‑prone processes to capture, reconcile, and track payments—from...
Fed Model Returns: Rates Matching Equities Threaten Stocks
One of my main themes since the rate reset in 2022 is that the Fed model is “back.” The Fed model, popularized by Alan Greenspan during the 1980’s, holds that when the risk-free rate (Treasuries) is competitive with risky assets...
Despite Declining Revenue, Pepe Jeans Is Back in the Black
Pepe Jeans reported a modest profit of £35,889 (≈ $44,900) for the last fiscal year, reversing a £328,012 loss (≈ $410,000) recorded in 2024. The turnaround came despite an 11.4% revenue decline, falling to £1.19 million (≈ $1.49 million) from £1.34 million (≈ $1.68 million). The British denim...
EU’s AMLA Sets Stage for AML Compliance Overhaul
On 24 March 2026 the EU’s new Anti‑Money Laundering Authority (AMLA) conducted its first public hearing on draft technical standards for the AML Regulation, marking the start of a unified European compliance framework. The standards detail how AML checks, customer...
Tiny VC Partner Philipp Moehring on when to Take Money Off the Table
European seed financing is inflating, with recent rounds like Yann LeCun’s AMI Labs securing $1 billion at a $3 billion valuation and David Silver’s Ineffable Intelligence raising $1 billion at $4 billion. Tiny VC, a micro‑fund founded by Philipp Moehring and Andy Chung, has built a 450‑startup portfolio that includes Wayve,...
Deep Discounts Drive High Redemption Tenders in Blue Owl Funds
Blue Owl Credit Income (OCIC) with 21.9% tendering for redemption and Blue Owl Technology Income (OTIC) with 40.7% tendering for redemption makes sense as both have publicly-traded "sister" funds that trade at large discounts to NAV: Blue Owl Capital $OBDC trades...
Hospitals' Net Revenue Leakage Increases 25% Due to Denied Claims
Hospitals experienced a 25% jump in net‑revenue leakage in 2025, with total losses climbing to roughly $48 billion versus $38.6 billion in 2024. The surge stemmed mainly from clinical claim denials, especially for missing prior authorizations and questioned medical necessity. Medicaid accounted...
Gold ETFs Outpace Bitcoin Amid Market Turmoil
NEW EPISODE: Bloomberg's @JSeyff returns to the show to break down major developments in the ETF world. Who's holding through the 50% Bitcoin crash. What Morgan Stanley's filing means for the space. And why gold ETFs beat Bitcoin...for now. Streaming wherever...
600
She dropped a 600-word equity research note in 2007. It erased $369B in market cap, ousted a CEO, and made her a Wall Street legend.
The Stablecoin Tax Shift: Why Businesses Need a Compliance Roadmap Before 2027
Stablecoins have moved from niche experiments into mainstream corporate use, appearing in cross‑border payments, treasury operations, and vendor settlements. The IRS will require Form 1099‑DA reporting for 2025 transactions and cost‑basis reporting beginning in 2026, while the GENIUS Act establishes reserve...
How Extreme Weather Shows Up on Your Electricity Bill
Utilities in at least 18 U.S. states are increasingly adding disaster‑related charges to electricity bills, according to Heatmap and MIT’s Electricity Price Hub. Since 2020, 36 utilities have introduced specific storm‑recovery surcharges that often start as tiny line items before...
SEBI Proposes Return of Open-Market Share Buybacks via Stock Exchanges
The Securities and Exchange Board of India (SEBI) has proposed reinstating open‑market share buybacks through stock exchanges, adding the method to the existing tender‑offer and book‑building routes. The proposal, open for comment until April 23, changes the tax treatment so that...
EBITDA Compares, Not Values: Beware Cash Flow Gaps
Charlie Munger famously said: "every time you see the word EBITDA, you should substitute the words 'bullshit earnings'." He's half right. (yah look at me contradicting the eternal god of wisdom) But for real investors mess up when they try and use EBITDA...
Essential First Steps Before Buying a Business
LIVE - Buying a Business? What You NEED to Know First with Chris Papin https://t.co/2ry1qMoroe
D&O Insurance: Not a “Securities Claim” If No Securities of the “Company” Involved
A Maryland district court dismissed Supernus Pharmaceuticals' attempt to secure D&O insurance coverage for an antitrust lawsuit, holding the claim did not qualify as a “Securities Claim” under the policy. The court focused on the policy’s definition, which requires the...
AI Now Files Your Federal Taxes, Accelerating White‑Collar Takeover
Wild. Perplexity Computer is now a tax accountant. Select "Navigate my taxes" on Computer and it guides you through your entire federal return. The AI takeover of white-collar work is moving faster than anyone predicted.
Monument Bank Launches BaaS Platform for Building Societies
Monument Bank isn't just tokenizing deposits for its own clients. It's packaging the entire blueprint - legal, regulatory, technical - as a BaaS platform for building societies. First client: Ecology Building Society. From interest income to recurring SaaS fees. Details https://t.co/JGUF1elkZI
Ortec Finance: Macro Hedging for US Pension Stability
Ortec Finance released a whitepaper titled “From Volatility to Stability,” highlighting how declining interest rates expose U.S. pension funds to balance‑sheet risk. The paper uses a stylised case study to show that strategic interest‑rate hedging can materially reduce downside risk....
Private Credit Redemptions Surge, Confirming Multiples Prediction
On the Julia LaRoche show 1 week ago I predicted the next round of Private Credit redemption requests would be a multiple of the last one (which led to gating in some cases). Check out today’s headlines.
Debunked Episode 25: Sutter Health’s Allina Health Acquisition Strategy, a Deep Dive on Doctronic
Sutter Health announced a cross‑border acquisition of Minnesota‑based Allina Health, marking a strategic push into health‑technology and AI. The deal gives Sutter access to Allina’s medtech engineering talent while providing Allina with the scale needed to compete against larger systems...
Net Interest Margins of U.S. Commercial Banks Participating in Agricultural Lending Widen in the Fourth Quarter of 2025
U.S. commercial banks with agricultural loan portfolios expanded their net interest margins in Q4 2025, driven by higher yields on earning assets and lower funding costs. Aggregate agricultural loan balances grew 3.9% year‑over‑year to $207.39 billion, with agricultural banks holding $87.83 billion and...
Cybersecurity M&A Roundup: 38 Deals Announced in March 2026
In March 2026, thirty‑eight cybersecurity‑focused M&A deals were announced, marking a rapid acceleration in the sector. The month’s headline transactions include Google’s $32 billion closure of the Wiz acquisition, Zurich’s $11 billion purchase of Beazley, and a series of AI‑security buyouts such as...