SpaceX filed to acquire AI coding platform Cursor with a $60B option according to overnight reports. The Grok parent company seeks to close the gap with rivals. NVDA Nvidia rallied on the AI infrastructure implications as chip demand forecasts climbed.
Tim Cook addressed succession chatter today as AAPL Apple CEO tenure questions swirled. Alphabet's Sundar Pichai praised Cook's "incredible run" while the tech chief made clear "this is not goodbye". The comments followed weeks of leadership speculation.
OPEN Opendoor and OPAD Offerpad spiked in extended trading on merger speculation. The proptech names jumped alongside housing sector peers including Zillow as consolidation hopes intensified. ISRG Intuitive Surgical and COF Capital One also landed on investor radar screens.
Japan recorded its fifth straight fiscal year of trade deficits as Trump tariffs hammered auto exports. Toyota faced mounting pressure as the AP reported renewed export restrictions. The dollar held firm ahead of Trump's Iran deadline as fragile peace talks tempered Asian sentiment.
European stocks slid amid Gulf tanker attacks threatening the ceasefire. FT reported MSCI boots Indonesian tycoon stocks from indices over governance failures. The index provider delayed decisions on downgrading southeast Asia's largest economy to frontier status.
Bond investors demanded greater premiums on new financing as precaution. Wall Street banks started trading credit default swaps against Blackstone Apollo and Ares private credit funds per FT reporting. Borrowing costs edged higher straining alternative lending.
Bezos's Project Prometheus AI lab neared $38B valuation in fresh funding. Sotheby's struck a $100M debt deal with KKR backed by auction fees adding leverage to Drahi's empire.
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