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Every morning
Weekly
Tuesday recap
Wipro lands $1B-plus transformation deal with Olam, adds 3,200 specialists
Wipro Limited signed an eight‑year strategic transformation contract with Singapore‑based Olam Group valued at over $1 billion, including an $800 million committed spend. The agreement also involves Wipro acquiring Olam’s digital arm, Mindsprint, bringing roughly 3,200 specialists into its portfolio. Shares rose about 3% on the news.
Also developing:
By the numbers: 4DMedical raises $57M in private placement
ISS‑Corporate’s analysis of Russell 3000 firms confirms that performance‑based equity remains the dominant long‑term incentive model, delivering higher total shareholder returns and slower CEO compensation growth than time‑only structures. Extended‑time‑based awards (ETBA) are rare and skew toward smaller companies, yet the limited sample posted the strongest five‑year TSR. Governance QualityScore ratings are higher for firms that include performance metrics, reinforcing the link between pay‑for‑performance and stronger governance. Investor sentiment still favors standard mixes, though openness to longer vesting horizons is growing.
Not all margin compression is bad news. Sometimes a company is spending to build something that doesn't show up in this quarter's numbers. They could have cut spending and reported prettier margins. But they chose the franchise over the optics.
Palladium Healthcare announced it will acquire DME Express, a durable medical equipment provider, from Waypoint. The deal, terms undisclosed, adds a national DME platform to Palladium’s growing healthcare services portfolio and reflects accelerating consolidation in the DME sector.
Cathie Wood’s ARK Invest trimmed its Meta Platforms position on March 25, selling 3,578 shares across three ETFs for roughly $2.1 million. The move comes as Meta’s stock fell 16% in a month and the company wrestles with legal penalties and rising...
Bear Den Partners has merged Berkshire East Mountain Resort and Catamount Mountain Resort, creating a four‑mountain alliance that includes Burke Mountain and Smugglers’ Notch. The deal, announced on Feb. 11, adds to Bear Den’s $11.5 million bankruptcy‑sale acquisition of Burke Mountain and...
HESTA announced COO Stephen Reilly will leave in June, the fund's third C‑suite exit in a year. The move comes as the $100 billion superannuation fund celebrates strong 2025 returns while its new admin partner, Grow Inc., teeters on insolvency, raising...
Health In Tech, the Nasdaq‑listed AI‑focused InsurTech, closed a $7 million private placement, selling 5.6 million shares at $1.25 each. The capital will fund sales expansion, technology upgrades and new product development, underscating strong investor appetite for AI‑driven insurance solutions.
Cathie Wood’s ARK Innovation ETF (ARKK) posted an 8% gain in 2024 following a 67% loss in 2022, underscoring the fund’s pattern of sharp swings amid broader market turmoil. The performance history—from a 153% surge in 2020 to a 23%...
Climate Investment has launched a $450 million growth‑equity fund to back decarbonisation technologies for heavy industry, addressing a financing shortfall that CFOs say hampers climate‑tech scaling. The fund will allocate capital to early‑stage projects and partner with investors to bridge the...
Broadcom reported Q2 results that exceeded Wall Street expectations, with AI semiconductor revenue soaring 106% year‑over‑year to $8.4 billion and overall revenue reaching $19.31 billion. The earnings were bolstered by VMware's recurring software mix and expanding Ethernet deployments for hyperscalers.
The BSE Sensex slid 1,690 points (2.25%) to 73,583 and the NSE Nifty dropped 487 points (2.09%) to 22,820 as the US‑Iran conflict pushed Brent crude above $100 a barrel. Foreign Institutional Investors dumped roughly Rs 1,805 cr crore (≈ $217 million) of Indian...
OpenAI chief executive Sam Altman announced his resignation as chairman of fusion startup Helion Energy, a move that aligns with the company’s accelerated push toward an initial public offering. The leadership change comes as OpenAI trims non‑core projects and rolls...
Physical Intelligence, a robotics company that blends artificial intelligence with physical machines, is reportedly negotiating a $1 billion financing round that would value the firm at more than $11 billion. The talks signal a broader wave of venture capital money flowing into...
SpaceX is preparing to file paperwork for an initial public offering that could value the rocket and satellite firm at up to $1.75 trillion and raise more than $75 billion, the biggest debut in history. The filing, expected within days, would bring...
Info Edge approved a strategic swap, selling its 26.14% stake in Shopkirana E Trading to Trustroot Internet for $32.97 million and receiving preference shares that give it a 2.13% indirect holding in Trustroot. The company will also inject $1.72 million, bringing total...
Hermès remains a rarity‑driven luxury asset, sustaining premium valuations despite recent macro‑related sell‑offs. In 2025 the company posted $18 billion in revenue and an impressive 41.75 % operating margin, underscoring the power of its scarcity model. A current ratio near five and...
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Certified public accountants (CPAs) command higher pay than non‑certified accountants, with median earnings of $81,680 in 2024 and average salaries ranging from $80,000 for entry‑level roles to over $200,000 for senior positions. Data from the BLS, Indeed, and the Accounting...
Gilead Sciences’ stock has re‑rated to a 16‑17× earnings multiple, climbing from its 2024 lows. The company’s revenue is now about 75% driven by its HIV franchise, heightening concentration risk. Recent acquisitions—including the $7.8 B Arcellx deal and the $1.675 B Ouro...
The investment‑grade bond market posted a 7.77% total return in 2025, but credit spreads tightened, limiting passive yield opportunities. In that environment, Infrastructure Capital’s actively managed Bond Income ETF (BNDS) seeks value through selective credit exposure. Launched in January 2025,...
The European Securities and Markets Authority (ESMA) has delayed the launch of its new Commodity Derivatives Weekly Position Reporting platform, which was slated for 1 April 2026. Final testing revealed stability and data‑quality problems that require corrective work before the system can...
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Operating leverage and financial leverage are distinct metrics that reveal how a company’s cost structure and debt usage affect profitability and risk. Operating leverage focuses on the proportion of fixed versus variable costs, determining the breakeven point and magnifying profit...
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The article explains how companies use budgets as planning tools and performance benchmarks, distinguishing static budgets—fixed forecasts—from flexible budgets that adjust to actual output. It outlines the master, operating, and cash‑flow budgets that feed into these models, and describes how...
Subscription credit facilities, long used in private‑equity, are re‑emerging as a vital liquidity tool for business development companies (BDCs) and interval funds amid heightened redemption pressures. By tapping uncalled investor commitments, these lines let sponsors meet withdrawals without forced asset...
Federal Reserve governors Michael Barr, Lisa Cook and Philip Jefferson warned that the Iran‑driven oil price surge could push inflation expectations higher, reinforcing the decision to keep the policy rate steady at 3.50‑3.75%. Their comments signal a more guarded outlook...
Carl Hart has founded Millbank Capital, a Dallas‑based private equity firm that will target mid‑market companies facing succession gaps as baby‑boomer owners retire. The firm hopes to capture a share of the $14 trillion business value slated to change hands over...
Berkshire Hathaway has spent $78 billion buying a single stock since 2018, a sum that eclipses its combined purchases of Apple, Chevron and other major holdings. The concentrated bet highlights Warren Buffett’s high‑conviction approach and could steer value investors toward similar...
AllianceBernstein’s systematic investing head, Bernd Wuebben, warns that unusually wide credit‑spread dispersion is steering hedge funds toward bottom‑up, systematic approaches. The firm argues that tight average spreads combined with issuer‑level variance creates a security‑selector market where traditional beta is scarce.
Private‑credit markets are showing strain as Blue Owl Capital's shares have fallen 50% in a year and the firm has capped withdrawals. The turmoil is prompting investors in ETFs and closed‑end funds that track private‑credit assets to reassess exposure.
Fundrise Innovation Fund (VCX) launched at $31.25, surged to $600 per share – a 1,200% premium to NAV – before a Citron Research short report triggered a 45% plunge. The volatility highlights pricing, liquidity and fee concerns for private‑asset vehicles...
U.S. Treasury yields surged, with the 2‑year rate hitting 3.98% and the 10‑year at 4.39%, triggering the sharpest bond‑market sell‑off since the Iran conflict began. Capital rotated into Chinese sovereign and corporate bonds, signaling a new safe‑haven preference amid heightened...
The White House Office of Information and Regulatory Affairs has finished reviewing the Labor Department’s proposal to allow cryptocurrency investments in 401(k) retirement plans. The move follows a 2025 executive order and could tap the $48.1 trillion U.S. pension market, signaling...
Tether announced that KPMG will conduct a full audit of its $185 billion USDT stablecoin reserves, with PwC preparing internal systems for the review. The move comes as the CLARITY Act gains bipartisan support and the issuer eyes a $15‑$20 billion fundraising...
The single largest shareholder in IJM just refused to vote on a RM3.15 per share takeover bid worth RM11b in total. That silence is not neutral — it is doing something specific. (Abstentions in public M&A rarely mean “no opinion.”) EPF, IJM’s...
The Lido Development Committee proposes using up to 10,000 stETH from the Lido DAO treasury to purchase LDO, with the condition that the LDO will be returned to the treasury if market conditions remain favorable. https://t.co/JDd9hb09HI
Westgate Resorts announced a $207 million asset‑backed securities (ABS) issuance to securitize cash flow from its timeshare mortgage loans. Structured as a 144A transaction, the Westgate Resorts 2026‑1 deal will issue four tranches—Class A, B, C and D—set to mature on October 20, 2039. The...
Love the anecdote about Nygren’s analyst pitching Netflix: - Anecdotal survey showed his colleagues valued Netflix higher than any other subscription - If Netflix raised its price to their level, it would have traded at 14x P/E https://t.co/SlDjNAkwbF https://t.co/cVAQ97b2Pr
Morgan Stanley, one of world’s largest & most prominent financial firms, is set to launch spot bitcoin ETF… Fee on that ETF will be lowest in category. And meaningfully lower than world’s largest physical gold ETF. Not sure people fully appreciate how far...
Treasurer Jim Chalmers confirmed tax reform will be part of the May 12 budget but said a cut to the capital gains tax (CGT) discount remains undecided. The uncertainty has already prompted property investors like Abdullah Nouh to adjust tactics,...
Global oil prices surged past $100 a barrel after the Iran war intensified, prompting UBS analysts to warn of higher US inflation expectations and a possible slowdown in consumer spending. The spike is already reverberating through supply chains, fuel markets...
The requested story about a record $52 bn withdrawal from emerging‑Asia equities due to a Middle‑East oil‑price shock cannot be produced because none of the eight supplied sources mention capital flows, oil prices, or related market activity.
The public broadcaster announced a three‑year programme to cut costs by 10%, focusing on budgeting, capital spending and operational efficiency. The move aims to counter ongoing financial pressures and preserve core services, though exact savings figures were not disclosed.
Micron Technology (MU) fell 3.26% to $382.76 after unveiling a cash offer to purchase all outstanding senior notes, a move that investors say could reshape its balance sheet. The offer, which runs until March 31, comes amid broader pressure on...
China Shineway Pharmaceutical Group Limited announced a full‑year net profit of RMB949.95 million (about $133 million), up from RMB840.05 million a year earlier. The gain came even as revenue slipped 17% to RMB3.135 billion ($439 million), highlighting a mixed performance in China's generic drug market.
MarshBerry reported 55 RIA M&A deals in January‑February 2026, an 8.3% decline from the record‑setting 2025 pace but 14.5% above 2024, indicating sustained deal flow. Private‑capital‑backed buyers accounted for roughly 69% of transactions, with Hightower Advisors, CAPTRUST and Mercer Advisors...
Earnings growth supports stock price growth in the AI era. But do factors like extending the useful lives of tangible assets, aggressively capitalising costs rather than expensing them, and share buybacks also play a role?
Fears of re-accelerating inflation obliterating balanced portfolios, just like they did in 2022. https://t.co/S7laKGwQLC https://t.co/oLsV6wsuXf
The Iran‑Israel conflict has triggered a broad market sell‑off, pushing the Nasdaq 100 down 1.9% and extending the S&P 500’s five‑week losing streak, its longest since 2022. Bond markets reacted sharply, with 30‑year Treasury yields climbing toward 5% and short‑term TIPS...
Reefer, hazmat, and flatbed truckers and logistics service providers were just given a massive financing vehicle by the SBA.
FWIW - This column I wrote for @FT back in 2022 on the consequences of a marked-to-market economy seems even more relevant today given how top-heavy it has become. https://t.co/5a53albeSu
SEALSQ Corp announced a Letter of Intent to acquire quantum‑interconnect specialist Miraex, granting a 60‑day exclusivity period for due diligence and targeting a June closing. The deal will be financed through SEALSQ’s Quantum Fund and is binding on Miraex. Miraex’s...
