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Stock impact report

Trump hails ‘tremendous progress' in Iran but all Wall Street heard was ‘back to escalation' [Fortune]

Allbirds, Inc. (BIRD) 
Company Research Source: Fortune
Say goodbye to insider trading on prediction markets. AI models have figured out a new way to tell lies. Chelsea FC is bleeding cash. Note to readers: Fortune 500 Digest will be on vacation for Good Friday and Easter Monday. Normal service will be resumed on Tuesday, April 7. ONE BIG THING Elon Musk's SpaceX files for $75 billion IPO—the biggest ever SpaceX—valued at $1.75 trillion—has confidentially filed with the SEC to stage an initial public offering of an estimated $75 billion in shares, Bloomberg reports . The previous largest stock offering on the public markets was by Saudi Aramco, at $29.4 billion. The shares will likely come in two classes so that founder Elon Musk can retain decision-making control of the company. About 30% of shares will be allocated to smaller, retail investors—so expect some meme-stock mania after the launch. Recommended Video THE MARKETS Global markets battered as oil tops $107 S&P 500 futures slid 0.14% this morning, pre-open, afte Show less Read more
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