Private Equity Healthcare Deals Hit $191B in 2025
TL;DR: Private equity poured a record $191 billion into healthcare in 2025, according to Bain & Company , driven by a surge in billion dollar deals and a rebound in exits to $156 billion. The mon…
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…
EliseAI Raises $350M at $4B, Doubling in a Year
TL;DR: EliseAI, a New York based AI company automating housing and healthcare operations, raised $350 million at a $4 billion valuation on September 29, 2026, led by Andreessen Horowitz and Bessemer …
Anthropic's IPO Filing Warns Its AI Poses Existential Risk
TL;DR: Anthropic's leaked IPO prospectus spends about 80 of 261 pages warning its AI could pose a "catastrophic or existential risk to humanity" and can "resist shutdown," per a R…
Trump's Crypto Empire vs. Retail Investors' Losses
TL;DR: President Trump reported more than $1.4 billion in crypto related income in 2025, according to his financial disclosure, while nearly one million retail buyers of his $TRUMP memecoin lost an e…
Gold Price Today, Sept. 28, 2026: What's Behind the Slide
TL;DR: Gold fell for most of September 28, 2026. CNBC's spot check had it at $4,153.57 an ounce near 9 a.m. ET, down from $4,297.51 at the same hour Friday, according to CNBC . Reuters and Mettis Glo…
Sports Team PE Caps and the Athlete-Equity Workaround
TL;DR: The NBA docked the Clippers five first round picks, fined the team $30 million, and suspended owner Steve Ballmer a year for cap circumvention, per Yahoo Sports. The same report notes NBA and …
Why Manager Selection Matters More in Private Markets
TL;DR: I read today's Daily Upside report on manager selection, and it confirms what I've verified for years: private market returns split far wider by manager than public markets do — over 19 percen…
The IMF's Big Test in Bangkok: What It Means for You
TL;DR: When the IMF's Fall Meetings open in Bangkok this month, the Fund walks into a room with three problems it did not create and cannot solve alone. I've spent enough years verifying numbers befo…
Iridium Holders Approve Rocket Lab's $54 Deal
Iridium holders get $27 in cash plus Rocket Lab stock per share, a collared exchange valued at a notional $54. Closing is expected by mid 2027, per the same release, pending regulatory approval. What…
Kevin Durant's Hugging Face Bet and Nvidia's $12.9B Deal
TL;DR: Nvidia has reportedly agreed to acquire Hugging Face for about $12.9 billion. Kevin Durant's Thirty Five Ventures put $100,000 into Hugging Face's 2018 seed round and $150,000 into its 2019 Se…
Anduril Isn't the Only One Building Air Force Drones
TL;DR: The U.S. Air Force is building two drone fleets worth roughly $15 billion combined: 500 Collaborative Combat Aircraft from General Atomics and Anduril, plus 500 cheaper Massed Modular Aircraft…
Could Europe's Data Centers Revive Nuclear Power?
TL;DR: Yes, and it's already happening. Google just signed a 22 year nuclear power deal in Finland at a roughly 60% premium to forward prices, per a report cited by Yahoo Finance. Europe's data centr…
US Debt Hits $40 Trillion. Yields Make It Worse
TL;DR: US debt hit $40 trillion this week as the 10 year Treasury yield jumped to 5.23%, its highest since 2007, and the 30 year hit 5.49%, its highest since 2004, per Hindustan Times and Fortune. A …