BX News & Events

Apollo Global Management (APO) and Blackstone (BX) are among private credit lenders involved in talks with chipmaker Broadcom (AVGO) over a roughly $35B financing to fund the AI build-out, sources told Bloomberg Silas Brown and Laura Benitez. The financing, which would be one of the largest ever private credit deals, will help Broadcom fund the development of chips for AI tasks, the report said.

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.TRADE DEAL:President Donald J. Trumpon Truth Social, "I had a great call with The President of the European Commission, Ursula von der Leyen. We discussed many topics, including that we are completely united that Iran can never have a Nuclear Weapon. We agreed that a regime that kills its own people cannot control a bomb that can kill millions. I've been waiting patiently for the EU to fulfill their side of the Historic Trade Deal we agreed in Turnberry, Scotland, the largest Trade Deal, ever! A promise was made that the EU would deliver their side of the Deal and, as per Agreement, cut their Tariffs to ZERO! I agreed to give her until our Country's 250th Birthday or, unfortunately, their Tariffs would immediately jump to much higher levels. Thank you for your attention to this matter."STRAIT OF HORMUZ:In a post on Truth Social, President Trump, "Three World Class American Destroyers just transited, very successfully, out of the Strait of Hormuz, under fire. There was no damage done to the three Destroyers, but great damage done to the Iranian attackers. They were completely destroyed along with numerous small boats, which are being used to take the place of their fully decapitated Navy. These boats went to the bottom of the Sea, quickly and efficiently. Missiles were shot at our Destroyers, and were easily knocked down. Likewise, drones came, and were incinerated while in the air. They dropped ever so beautifully down to the Ocean, very much like a butterfly dropping to its grave! A normal Country would have allowed these Destroyers to pass, but Iran is not a normal Country. They are led by LUNATICS, and if they had the chance to use a Nuclear Weapon, they would do it, without question - But they'll never have that opportunity and, just like we knocked them out again today, we'll knock them out a lot harder, and a lot more violently, in the future, if they don't get their Deal signed, FAST! Our three Destroyers, with their wonderful Crews, will now rejoin our Naval Blockade, which is truly a "Wall of Steel."Meanwhile, The New York Timesthat Iranian officials said they are in talks with U.S. on a one-page proposal to reopen the Strait of Hormuz and end hostilities for 30 days while they try to reach a comprehensive peace settlement. Sources tell the Times' Farnaz Fassihi the plans has three main parts: the lifting of the U.S. blockade on Iranian ships and ports, the opening of the strait to commercial traffic, and an end to the fighting.PROJECT FREEDOM:Saudi Arabia and Kuwait have lifted restrictions on the U.S. military's use of their bases and airspace and the Trump administration is now looking to restart "Project Freedom" to guide commercial ships with naval and air support, which it had paused after 36 hours this week, U.S. officials told's Lara Seligman, Summer Said, Shelby Holliday and Costas Paris.NVIDIA CHIPS:A firm linked to Thailand's national AI initiative is suspected of helping smuggle billions of dollars' worth of Super Micro Computerservers containing advanced Nvidiachips to China, Bloomberg's Mackenzie Hawkins and Kari Soo Lindberg. Some of the $2.5B worth of servers sold to OBON allegedly went to Alibaba, according to people familiar with the matter. "Alibaba has no business relationship with Super Micro, OBON or any third-party brokers who may have been mentioned in the indictment in question," a spokesperson for the Chinese company said. "We have no involvement in the alleged smuggling activities. We do not currently use, and have never used, any banned Nvidia chips at our data centers."CHINA TRIP:The Trump administration is planning to bring executives from major companies including Nvidia, Apple, Exxon, Boeing, Qualcomm, Blackstone, Citigroup, and Visaon the president's trip to China next week, with additional CEOs expected to seek invitations in the coming days, Semafor's Liz Hoffman.

The major averages closed broadly lower as markets remain on edge regarding a potential U.S.-Iran framework agreement being reached.Of note, The Wall Street Journal reported that Saudi Arabia and Kuwait have lifted restrictions on the U.S. military's use of their bases and airspace. The Trump administration is now looking to restart "Project Freedom" to guide commercial ships with naval and air support, The Journal added.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:McDonald'sreported, with comps up 3.8%Armreportedand provided guidance for Q1 and FY26Whirlpoolreportedand cut its FY26 earnings outlookShellreported year-over-year increases inand commenced a $3B share buyback programSnapreportedand provided Q2 revenue guidance2. WALL STREET CALLS:AreteOracleto Buy amid supply constraintsPlanet Fitnessto Market Perform at William BlairAlcoato Overweight at Wells FargoClear Secureto Neutral at DA DavidsonJPMorganFreshpet, sees sales growth outpacing peers3. AROUND THE WEB:An AI chip deal between OpenAI and Broadcomhas hit a "financing snag," The Information reportsMarineMaxis pushing forward with sale plans as Donerail raises its bid, Reuters reportsNetflixis near a deal with the NFL that appears likely to include the week one game in Australia, a game the day before Thanksgiving, and the Christmas games, Puck News reportsGoogleis in talks with Blackstoneand KKRfor AI model access, The Information reportsMorgan Stanleyis rolling out crypto trading on its E*Trade platform, Bloomberg reports4. MOVERS:Datadogjumps after providing areport for Q1Fortinetrises as multiple analystson the stock following quarterly resultsShake Shackdrops afterand naming Michelle Hook CFOZoetislower after reportingCoherentfalls after5. EARNINGS/GUIDANCE:TripAdvisorreportedBecton Dickinsonprovided areport for Q2PelotonreportedPlanet Fitnesscut itsUS FoodsreportedINDEXES:The Dow fell 313.62, or 0.63%, to 49,596.97, the Nasdaq lost 32.75, or 0.13%, to 25,806.20, and the S&P 500 declined 28.01, or 0.38%, to 7,337.11.

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly.MADE-IN-JAPAN AI SERVERS:SoftBanklooks to develop and produce homegrown AI servers, weighting plans to start designing and assembling components by the end of the decade with the help of major players like Nividaand Foxconn, Nikkei's Natsuki Yamamoto.AI MODEL ACCESS:Googleis in talks with Blackstone, KKR, and EQT to let their portfolio companies access its models, after OpenAI and Anthropic announced joint ventures with private equity firms, The Information's Erin Woo and Julia Hornstein.CLAUDE FOR MICROSOFT 365:Anthropic announced that starting today, Claude for Excel, PowerPoint, and Word are generally available, and Claude for Outlook is now in public beta for all paid plans. "Claude for Outlook brings Claude into your inbox. Ask Claude to triage your inbox and it sorts messages by what needs your response, what it can draft for you, and what's noise. Replies land as drafts in Outlook's compose pane with recipients, subject, and body filled in. Calendar invites check attendee availability and open in Outlook's native event form," the company said. "Claude for Excel, PowerPoint, and Word are now generally available, with the controls IT admins and organizations need. One AppSource listing covers Excel, PowerPoint, and Word, and a separate listing adds Outlook in beta. Admins can deploy both from the Microsoft admin center. Enterprise admins can configure OpenTelemetry to stream prompts, tool calls, and document references to their own collector, so security teams see exactly what Claude does across every app. The Analytics API breaks out activity per user, per app, per day. Organizations can access all four add-ins with a Claude account, or route traffic through an existing LLM gateway to Claude models running on AmazonBedrock, GoogleCloud's Vertex AI, or MicrosoftFoundry."ENTERPRISE AI INFRASTRUCTURE:Rackspaceand AMDannounced the signing of a memorandum of understanding establishing a framework for a multiyear strategic partnership to create an Enterprise AI Cloud purpose-built for regulated enterprises and sovereign workloads. The companies said, "Today's dominant model requires enterprises to rent GPU capacity by the hour and carry the operational burden themselves including integration, security and accountability. This collaboration proposes to invert that model by integrating AMD Instinct GPUs and EPYC CPUs into a fully managed, governed stack. Through this understanding, the companies aim to establish a new category of managed enterprise AI infrastructure where dedicated AMD compute is embedded inside a governed managed operating model, with Rackspace owning the stack from silicon to outcomes. The AMD collaboration is intended to position Rackspace to complete its curated enterprise AI stack and introduce four integrated capabilities. Together, these capabilities are designed to form a complete, integrated stack from bare metal compute and developer-ready inference tooling through a fully operated inference runtime with defined SLAs to a governed Enterprise AI Cloud. The aim is to give enterprises a single operator accountable for every layer, calibrated to the sovereignty, performance, and compliance requirements of each workload."