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Shutdown Relief in Motion
The Senate passed a bill to end the shutdown. Now it’s the House’s turn.
Silver banana goes to…
Your Daily Dose of Market & Career Clarity
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🎯 In this issue:
Banana Bits: Finance headlines that actually matter
Market Summary: Shutdown progress sparks bullish rebound
What’s Ripe / Rotten: The tastiest and most disgusting stocks
Technical Trip: Interview Question with PJT
Deal Dispatch: M&A, IPOs, and other transactions
Market Snapshot
📉 Banana Bits
The Senate passed a bill to end the shutdown. Now it’s the House’s turn.
Indian stocks opened higher on renewed hopes of a U.S. deal.
In a twist, Trump defended Chinese students at U.S. universities.
Trump floated a $2,000 “tariff dividend”; it feels like 2020 again.
Rocket Lab pushed its SpaceX rival launch to 2026.
JPMorgan says AI’s $5T boom will need every debt market it can find.
U.S. consumer goods inflation slowed in October, per OpenBrand CPI data.
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Market Recap
Good News Creates Riskier Investors
The U.S. Senate advanced a plan to end the longest-ever government shutdown, which would remove a significant economic headwind, sending investors back to their bullish glasses.
Wall Street traders piled into riskier corners of the market, with stocks climbing alongside B*tcoin. The riskier bet lifted the S&P 500 by 1.5%. Technology megacaps, which had been hit the hardest in recent sessions, saw their biggest advance since May.
Treasuries, on the other hand, edged lower, while the Dollar performed the worst among its peers.
Equities edging higher is not only good news for the market, but resolving the government shutdown means that critical economic news will be out on schedule.
“The government re-opening will also be helpful because we’ll start getting macroeconomic data once again, and so the Fed will not go into their December meeting flying blind,” added Sonu Varghese at Carson Group.
What's Ripe
TreeHouse Foods Inc. (THS) 22.7%
THS jumped 23% to $23.37. The food processing company agreed to be taken private by Investindustrial, a European investment firm.
The deal is said to be a $2.9 billion all-cash transaction.
Rumble Inc. (RUM) 11.4%
RUM rose 11% after the company announced that it is acquiring German AI infrastructure company Northern Data in a deal valued at up to $970 million.
Both companies are backed by Tether, the stablecoin issuer.
What's Rotten
Metsera Inc. (MTSR) 14.8%
MTSR dropped 15% to $70.87 after Pfizer agreed to buy the weight-loss drug start-up for up to $86.25 a share
The deal bested Danish drugmaker Novo Nordisk’s bid for Metsera, which has a pipeline of weight-loss medicines.
Monday.com Ltd (MNDY) 12.3%
MNDY declined 12% after the project-management software company posted third-quarter earnings and revenue that beat Wall Street estimates.
However, it issued fourth-quarter revenue guidance that was below expectations.
🧠 Technical Trip
Interview Q&A from PJT
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📚 Lesson from the Library
🎥 Venture Capital: The Business of Betting on Innovation
Learn how VCs spot potential, structure deals, and turn vision into venture returns.
🦈 Deal Dispatch
M&A, IPOs, And Other Notable Transactions
Orix and Qatar Investment are launching a $2.5B Japan-focused PE fund.
Teck secretly held on-off merger talks with Anglo for two years.
CleanSpark announced a $1B private sale of convertible notes.
C3 AI is exploring a sale after founder-CEO Siebel stepped down.
Cheap credit fueled most of the $257B raised by alt asset firms.
Klook filed for a U.S. IPO after posting strong revenue growth.
Santander hired Citi and Goldman to offload its $1.9B Polish stake.
Banana Brain Teaser
Previous
If y[(3x - 5)/ 2] = y and y ≠ 0, then x = ?
Answer: 7/3
Today
Yesterday’s closing prices of 2,420 different stocks listed on a certain stock exchange were all different from today’s closing prices. The number of stocks that closed at a higher price today than yesterday was 20% greater than the number that closed at a lower price. How many of the stocks closed at a higher price today than yesterday?
The investor’s chief problem—and even his worst enemy—is likely to be himself.
How Would You Rate Today's Peel?
Happy Investing,
Chris, Vyom, Ankit, Mitchell, Fernanda, & Patrick