Qualcomm Nears $4B Modular Deal as AI Push Tops $14B
Qualcomm is in advanced talks to buy AI software startup Modular for ~$4B, on top of a reported $8-10B run at Tenstorrent. The combined ~$14B is Qualcomm’s biggest AI bet yet.
Bruno
AbbVie Buys Apogee for $10.9B; ABBV Pops 6%
AbbVie agreed to buy Apogee Therapeutics for $10.9B all-cash at a 49% premium, adding IL-13 candidate zumilokibart to challenge Dupixent. ABBV rose 6%.
Treasury Basis Trade Explained: Repo, Leverage, Risk
How the Treasury cash-futures basis trade actually works: repo-financed long bonds, short futures, the convergence math, and why hedge funds risk $1T+ on it.
CRH Nears $8B+ Deal for Arcosa, Its Largest-Ever Takeover
Building-materials giant CRH is reportedly close to buying Arcosa for $8B+, what would be its largest acquisition and a major US infrastructure roll-up.
Memory Stocks Rip Ahead of Micron’s Wednesday Print
Chip stocks closed last week with double-digit pops in SNDK, INTC, and MU. Micron’s fiscal Q3 print Wednesday is the next test of the AI memory trade.
Options Greeks Explained: Delta, Gamma, Theta, Vega, Rho
What the option Greeks actually measure, with a worked Black-Scholes example and a clear table showing how delta, gamma, theta, vega, and rho behave.
Foreign Treasury Holdings Top $9.3T; China at 18-Year Low
April 2026 TIC data: foreigners added $103B of long-term US securities. Japan and the UK led inflows; China holdings slid to the lowest since 2008.
Fox to Buy Roku for $22B; Arb Spread Hints at Deal Doubt
Fox’s $160-a-share cash-and-stock bid for Roku closed Friday at $138.07 — a 14% spread that says traders are not convinced the deal closes clean.
What Is WACC? Cost of Capital Formula and Worked Example
WACC blends a company’s cost of equity and after-tax cost of debt by their weights in capital structure. The formula, a worked example, and the traps.
Kalshi Eyes IPO at $22B Valuation as Revenue Triples
Kalshi is in early IPO talks at a ~$22B valuation after annualized revenue tripled to about $2B in seven months. Here is the case and the risk.