DOJ Clears Paramount Skydance’s $111B Warner Bros Deal
DOJ cleared Paramount Skydance’s $110.9B Warner Bros takeover June 12, 2026. WBD at $26.84 vs $31 offer — a 15.5% arb spread on remaining risk.
Stock Market
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SpaceX Prices Biggest IPO Ever at $135 — SPCX Debuts Today
SpaceX priced at $135 on June 11 for a $75B raise at a $1.75T valuation — the largest IPO ever, with 30% reserved for retail and Goldman lead-left.
Frasers’ €38 Hugo Boss Bid: A 4% Premium, On Purpose
Mike Ashley’s Frasers Group offered €38 a share for Hugo Boss — a 4% premium that’s the story, not the deal size.
Veris Residential Goes Private in $3.5B Affinius Deal
Affinius Capital and Vista Hill Partners completed a $3.5B all-cash take-private of Veris Residential on May 27, paying $19/share — a 23.2% premium.
AST SpaceMobile Falls 18% on Blue Origin Pad Explosion
AST SpaceMobile (ASTS) shed nearly 18% Friday after a Blue Origin New Glenn engine test exploded at Cape Canaveral, rattling the entire space-stock complex.
Banks Push Fed to Codify Bowman Supervision Rollbacks
Wall Street wants the Fed to formally codify Vice Chair Bowman’s supervisory rollbacks before a future administration can undo them.
Warsh Takes Fed Chair: Bond Yields Fall as Powell Era Ends
Kevin Warsh was sworn in as Fed Chair on May 22, replacing Jerome Powell. Treasury yields fell across the curve in his first week.
Incyte’s frontMIND Hits in DLBCL – At a Toxicity Cost
Incyte’s Phase 3 frontMIND trial cut DLBCL progression risk 25% with tafasitamab + Revlimid + R-CHOP, but severe adverse events and deaths from toxicity ran ahead of standard care.
Nvidia’s $80B Buyback and 25x Dividend Hike, Explained
Nvidia returned $20B in Q1, added an $80B buyback authorization, and lifted its dividend 25x – even as it zeroed China out of its outlook.
Ambarella Falls 21% on Q1 Beat as Guidance Lands In-Line
Ambarella stock tumbled 21% Friday despite a Q1 FY27 earnings beat. In-line Q2 guidance disappointed a market priced for upside.