Exec Sum

JPMorgan is betting on weight-loss drugs, PE firms have made over $1T in performance fees, Wells Fargo fired employees for faking work, producer prices unexpectedly declined, and European bond markets are on the verge of fracture.

Goldman and Google and vying for chess supremacy, America is experiencing a ‘Zyndemic,’ PE firm Permira named new co-CEOs, the world could soon see a massive oil glut, and Trump wants all remaining Bitcoin to be made in USA.

PE has a love affair with accounting firms, hedge funds are piling into copycat quant trades, ‘anti-woke’ activists are going after corporate boards, catastrophe bond issuance hit a record high, and WeWork officially emerged from bankruptcy.

Hedge funds are dropping chip stocks for software, European stocks fell on a far-right election surge, OpenAI named its first CFO and product chief, UK is headed towards a major stock market overhaul, and Apple officially joined the AI race.

PwC is requesting silence in exchange for voluntary severance, retail traders are pushing India equity options volumes above S&P 500, dozens of biotechs are lining up IPOs, KKR will join the S&P 500, and GM is leaning on Costco to drive EV sales.

Left is re-shorting GME despite getting crushed in 2020, insurers are looking to add private credit exposure, Short bets against Nvidia stand at $34B, FDA reversed its ban on Juul e-cigs, and USA pulled off the greatest cricket world cup upset ever.

An SEC rule targeting PE and hedge funds was struck down, A&M is raiding Big Four in an expansion push, Walmart will pay bonuses to wage workers, Rishi Sunak put forward Jamie Dimon for knighthood, and Jensen Huang is making waves in Taiwan.

A new stock exchange is being planned in Texas, Indian and Mexican markets tumbled after national election results, US job openings fell to a three-year low, and Big Tech stock rallies are skewing the true price of S&P 500 index stocks.

Bill Ackman’s hedge fund is raising a $25B vehicle expected to attract retail investor interest, a technical glitch caused some stocks to show 99% losses, ‘Roaring Kitty’ re-re-ignited the GameStop rally, and US students face recruitment challenges after college campus protests.

Bill Ackman plans to IPO his hedge fund, a Tesla shareholder sued Musk for insider trading, investors can’t get enough of corporate bonds, TikTok is going all in on US e-commerce, and more asset managers are turning to AI for investment decisions.

TikTok is prepping a US copy of its algorithm, China is weighing a record fine for PwC, global fund launches in China hit a record high, WeWork was cleared to exit bankruptcy, and Trump was convicted on felony charges in a historic first.

Jamie Dimon is skeptical of private credit, PE recruiting continues to lag, Cleveland Fed named a Goldman exec as president, CalPERS opposed Musk’s pay package, and food delivery apps are drowning in losses.