💼 Funding haul

PLUS: Jensen Huang’s looking at the next wave of AI -your pre-market briefing inside...                                                                                                                                                                                                                                                                                                                                                                                                                 October 03, 2024 | [Listen Online]( | [Read Online]( Good morning. The Fast Five →[Â](Port workers union [backed]( by White House, [OpenAI]( closes $6.6 billion funding haul, [Toyota pours]( another $500M into air taxi startup, JPMorgan says [IPO market]( for PE-backed firms is ‘very’ open, and Jensen Huang’s looking at the [next wave]( of AI… 📈 Skip Tesla and Nvidia: [A new way to play the AI boom (act before November 19)]( From Behind The Markets Calendar: (all times ET) - Full calendar [here]( - Today: Initial jobless claims, 8:30 am Factory orders, 10:00 am - Tomorrow: US unemployment report, 8:30 am Your 5-minute briefing for Thursday, October 3: BEFORE THE OPEN As of market close 10/2/2024. Pre-Market: US Investor % Bullish Sentiment: ↓ 49.62% for Week of September 26 2024 Last week: 50.83%. Updates every Friday. Market Wrap: - Dow futures up 29 points; S&P and Nasdaq +0.1% and +0.2%. - Levi Strauss drops 10% after mixed Q3 results, considering sale of Dockers brand. - Market faces Middle East tensions, as Iran attacks Israel. - US indexes slightly up Wed.; S&P +0.01%, Nasdaq +0.08%, Dow +0.09%. - Strong private hiring in September per ADP. EARNINGS Here’s what we’re watching this week: - Today: Constellation Brands ([STZ](), Tilray ([TLRY]() See full earnings calendar [here](. HEADLINES [Port Workers Union Backed by White House in Strike]( A strike by 45,000 dockworkers halting shipments at US East Coast and Gulf Coast ports entered its second day on Wed. with no negotiations scheduled between the two sides. [OpenAI Raises $6.6 Billion in Largest VC Round Ever]( Microsoft, OpenAI’s largest backer, put in about $750 million, on top of the $13 billion it had already invested in the startup. - Bonds slip as promise of second big Fed cut curbed ([more]() - Dollar hits one-mo. peak to yen as Fed seen taking time with rate cuts ([more]() - Oil climbs for third day as Middle East supply risks dominate ([more]() - China’s sudden stock rally sucks money from rest of Asia ([more]() - Jensen Huang: We're looking at the beginning of the next wave of AI ([more]() - Goldman’s Rubner worries his year-end 6,000 S&P target is 'too low' ([more]() - Tesla stock slips after EV maker misses estimates on deliveries ([more]() - Stellantis US auto sales extend free fall in third quarter ([more]() - Toyota pours another $500M into electric air taxi startup Joby Aviation ([more]() - JPMorgan says IPO market for PE-backed firms is ‘very’ open ([more]() - LVMH and Formula One announce 10-year partnership ([more]() TOGETHER WITH BEHIND THE MARKETS Invest in AI’s $15 Trillion Boom with Just $16 There's a new way to play the $15 trillion AI boom. And it's so simple - you can do it right now with as little as $16 and a brokerage account. It's a "backdoor" way to claim a stake in critical AI infrastructure... And make money - every single time AI makes a computation. Even better... It pays out "AI royalties" 270X more lucrative than Nvidia's dividends. And you could have your first deposit hit your account on November 19. [Click here to get the ticker ]( Simmy Adelman, Publisher Behind the Markets - sponsored message - DEALFLOW M+A | Investments - Miami Dolphins owner nears selling stakes to Ares, Joe Tsai ([more]() - UK's AO World to buy musicMagpie in $13.3M deal ([more]() - European PE firm Altor to buy majority stake in Canada's iconic CCM Hockey ([more]() - Billionaire retail clan eyes buyout of car-interior firm Novem ([more]() - Epicor, an enterprise software to promote business growth, acquired Solenium Group Inc. and its sister company Visual SKUs, Inc., both Epicor partners and solution providers for the automotive aftermarket ([more]() - Bubbles, a no-code platform for application development, acquired Flusk, a security and application monitoring tool ([more]() - DigitalBGA, a tech-driven life insurance brokerage, acquired NoExam.com, a provider of a direct-to-consumer life insurance platform ([more]() VC - poolside closes $500M Series B Funding ([more]() - Triveni Bio, a biotech company advancing novel antibody treatments for I&I disorders, raised $115M in Series B funding ([more]() - VieCure, an intelligence platform that democratizes community oncology care, raised $45M in funding ([more]() - Vizit, Visual AI software for global brands and retailers, raised $25M in Series B funding ([more]() - Pallet, a transportation and warehouse management system, raised $18M in Series A funding ([more]() - Harmonic Security, a company providing tools to protect sensitive data, raised $17.5M in Series A funding ([more]() - MarqVision, an online brand protection company, raised additional $16M in funding ([more]() - Attochron, a provider of carrier-grade optical communications equipment, raised $15M in Series A funding ([more]() - Augmodo, a real-time inventory and task tracker using wearable SmartBadges™ to create live 3D store maps, raised $5M in funding ([more]() - iAsk, an AI “Answer Engine” built for Gen Z, raised $4.2M in seed funding ([more]() - Billables AI, an AI platform for professional service providers, raised $3.9M in Seed funding ([more]() - Permanent Agriculture, a wholesale food marketplace and distributor, raised $3.7M in Seed funding ([more]() - Mithradote Bio, a biotech company developing the first self-administered antidote against drink spiking, closed a $1M seed funding round ([more]() CRYPTO - Bitcoin tumbles back to $60,000 level as Middle East tensions rise ([more]() - Use of BlackRock tokens as collateral moves closer to mainstream ([more]() - Bitwise makes XRP ETF plans official with SEC filing ([more]() BULLISH BITES 💰 Backdoor Boom: [How to invest in “AI Royalties" for just $16]( * 🇨🇳 No Pass: China’s domestic struggles [won’t change]( its trajectory in Washington. 🛟 Quicksand: 23andMe is [sinking fast](. Can the company survive? 🤘🏼 Heavy Metal: Costco adds [platinum bars]( to its precious metals lineup. 🏝 Heaven: A [private island]( for $1,000 per night — for those who are willing to get there. [DAILY SHARE]( [tw profile: Trung Phan] Trung Phan @TrungTPhan [tw] “Babe, can you take me somewhere really really really expensive?” 9:36 PM • Oct 2, 2024 1.66K Likes 92 Retweets 24 Replies What did you think about today's briefing? - [⭐️⭐️⭐️⭐️⭐️ Excellent, keep it comin'!]( - [⭐️⭐️⭐️⭐️ Good stuff]( - [⭐️⭐️⭐️ It was alright]( - [⭐️ Needs work]( Have a comment or suggestion? 💌 [Send us a message](mailto:feedback@marketbriefing.com) [ADVERTISE]( | [SUBSCRIBE]( *from our sponsor Disclaimer: Market Briefing© is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. 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