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Protego Ventures Closes $125M Debut Defense Tech Fund

Sports Team PE Caps and the Athlete-Equity Workaround

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Fitch Warns AI Spending Collapse Could Trigger Recession
TL;DR: Fitch Ratings modeled a scenario in which a 35% US equity decline and a sharp AI capex pullback push US GDP down 0.6% in 2027 and drag global growth below 1%, according to Firstpost's report o…

New Zealand sees smaller budget deficit before election
TL;DR: New Zealand’s government cut its fiscal year 2027 operating deficit forecast to NZ$8.73 billion from NZ$14.09 billion, according to Yahoo Finance , and now expects surplus in 2028 29. For inve…

S&P 500 Earnings Are Growing 24%-32%
TL;DR: Analysts now expect S&P 500 EPS to grow 24% 32% this year, according to The Motley Fool , a pace the report says has appeared only twice before in the modern era. I would treat that as a p…

AIRE and OceanLight Sign $1B Merger Deal
TL;DR: AIRE signed a merger agreement with OceanLight Acquisition that gives AIRE a Company Net Value of $1.0 billion, according to GlobeNewswire . The deal still needs shareholder approvals, regulat…

Fed, ECB, BOJ Raise Rates as Energy Shock Hits
TL;DR: The Fed, ECB, and Bank of Japan all raised rates in September 2026, reversing 2025's easing cycle, after a fresh energy shock pushed inflation back above target, according to LSEG. US energy p…

Protego Ventures Closes $125M Debut Defense Tech Fund
TL;DR: Protego Ventures closed its debut fund at $125 million, per TechCrunch . Led by Lital Leshem and Lee Moser, the fund writes $5M–$15M checks into Israeli defense tech. I care less about the tot…
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