Big Tech’s AI Debt Surge Is Reshaping Corporate Bond Markets
Meta, Alphabet, Amazon and Microsoft will spend ~$700B on AI in 2026 — debt-funding is flooding the investment-grade bond market with record supply.
capital markets
Bill Ackman’s $5B Pershing Square IPO Falls Short of $25B Goal
Bill Ackman’s Pershing Square raises $5B in a dual NYSE IPO but shares sink ~18% on debut as retail demand misses the original $25B target.
Fed Holds at 3.50–3.75%: Bond Markets Navigate a 16-Month Rate Pause
The FOMC’s April 29 decision leaves the federal funds rate unchanged for a 16th consecutive month, as Treasury yields hold firm and corporate borrowers weigh their next move.
Shell’s $16B Bet on Canada’s Gas: Inside the ARC Resources Deal
Shell agrees to acquire Canada’s ARC Resources for ~$16 billion, betting on Montney Basin natural gas and LNG Canada’s next phase of expansion.
AMETEK Nears $5 Billion Deal for CD&R’s Indicor Units
AMETEK is in exclusive talks to buy Indicor valve and pump units from CD&R for ~$5B, potentially its largest-ever acquisition.
Inside OpenAI’s Record $122B Fundraise and the Road to an IPO
OpenAI closed a record $122 billion funding round in March 2026 at an $852B valuation. Here’s what the deal structure, PBC conversion, and Microsoft renegotiation mean for capital markets.
American Airlines Raises $1.14B in Aircraft-Backed Bonds
American Airlines issued $1.14 billion in aircraft-backed bonds on April 27, 2026, to finance 32 new planes — tapping secured credit markets as the carrier braces for a potential full-year loss.
EssilorLuxottica Heir Locks In Control With €10B Buyout
A Del Vecchio heir is buying out siblings for €10 billion, consolidating control of Ray-Ban and Oakley parent EssilorLuxottica in one of Europe’s largest family succession deals.
QXO Acquires TopBuild for $17B: A New Building Products Giant
QXO’s $17B acquisition of TopBuild creates the second-largest North American building products distributor, with $18B+ combined revenue, 28,000 employees, and $300M in targeted synergies.
US Treasury’s $10T Rollover: Weak Demand and Rising Yields
The US must roll over ~$10 trillion in Treasury debt in 2026 at yields far higher than original issue. What auction data and foreign holder trends reveal.