CG News & Events

MAI Capital Management announced that it has signed an agreement for funds managed by global investment firm Carlyle to acquire a majority stake in the company, valuing it at more than $2.8 billion. Carlyle initially invested in MAI in 2021 through its investment in Galway Holdings, which acquired MAI that year, and will become the majority owner upon closing, with Galway Holdings, funds managed by Harvest Partners, and Oak Hill Capital exiting their positions. MAI employees will continue to hold a large minority equity ownership.

The major averages capped a down week with a sharp leg lower, as incidents in the Strait of Hormuz exacerbated traders' energy supply concerns despite President Trump saying he will hold off on further attacks on energy infrastructure in Iran. Oil prices are rising again, with Brent crude trading above $110 per barrel. Meanwhile, the Wall Street Journal reported that the Pentagon is considering sending another 10,000 ground troops to the Middle East, even as President Trump said he is pausing Iran "energy plant destruction" plans until April 6.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Carnivalreported, announced a new set of long-term targets, and announced an initial $2.5B share buyback program, but trimmed its annual profit target due to higher fuel costsUnityraisedand said it will sunset ironSource Ads NetworkAstraZenecasaid its COPD treatment tozorakimabin Phase 3 trialsNovartisbiotech company Excellergy for up to $2BEntergy Louisianaannounced awith Meta2. WALL STREET CALLS:TripAdvisorto Buy at BofA on "clearer catalyst path"Primo Brandsto Buy at JefferiesWix.comto Underweight at JPMorganBilibilito Buy at Citi following share price correctionUpstream Bioto In Line at Evercore ISI3. AROUND THE WEB:Citiis weighing acquiring a U.S. regional bank, Bloomberg reportsRivianhas completed winter testing of the VW ID. EVERY1, triggering a $1B investment from Volkswagen, TechCrunch reportsAmerican Airlinesis in discussions with SpaceX's Starlink and Amazonto overhaul its in-flight internet and entertainment, CNBC saysApplegranted out-of-cycle bonuses worth several hundred thousand dollars to iPhone hardware designers, as OpenAI and others poach its engineers, Bloomberg reportsCarlyleand KKRhave been selected by the U.S. Army to build two data centers on military bases that are estimated to cost $2B each, FT says4. MOVERS:Adma Biologicsincreases after responding to theKopingains afterBrown-Formanhigher afterwith Pernod RicardSatellogiclower after reporting a subcontract agreement withLithium Argentinafalls in New York after5. EARNINGS/GUIDANCE:Super League Enterprise, with EPS beating consensusAutolus, with CEO Christian Itin commenting, "Autolus had a strong first year of launch of AUCATZYL in the US"Legence, with EPS missing consensusSanuwave Healthand provided guidance for Q1 and FY26SBC Medical, with EPS beating consensusINDEXES:The Dow fell 793.47, or 1.73%, to 45,166.64, the Nasdaq lost 459.72, or 2.15%, to 20,948.36, and the S&P 500 declined 108.31, or 1.67%, to 6,368.85.

The major averages were broadly lower once again amid tensions in the Middle East, as incidents in the Strait of Hormuz exacerbated traders' energy supply concerns. Oil prices are rising again, with Brent crude trading above $110 per barrel. Meanwhile, the Wall Street Journal reported that the Pentagon is considering sending another 10,000 ground troops to the Middle East, even as President Trump said he is pausing Iran "energy plant destruction" plans until April 6.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Carnivalreported, announced a new set of long-term targets, and announced an initial $2.5B share buyback program, but trimmed its annual profit target due to higher fuel costsUnityraised itsand said it will sunset ironSource Ads NetworkAstraZenecasaid its COPD treatment tozorakimabin Phase 3 trialsNovartisbiotech company Excellergy for up to $2BEntergy Louisianaannounced awith Meta2. WALL STREET CALLS:TripAdvisorto Buy at BofA on "clearer catalyst path"Primo Brandsto Buy at JefferiesWix.comto Underweight at JPMorganBilibilito Buy at Citi following share price correctionUpstream Bioto In Line at Evercore ISI3. AROUND THE WEB:BASFhas sold a $290.6M stake in Harbour Energy through a share placing, WSJ reportsAmerican Airlinesis in discussions with SpaceX's Starlink and Amazonto overhaul its in-flight internet and entertainment, CNBC saysApplegranted out-of-cycle bonuses worth several hundred thousand dollars to iPhone hardware designers, as OpenAI and others poach its engineers, Bloomberg reportsCarlyleand KKRhave been selected by the U.S. Army to build two data centers on military bases that are estimated to cost $2B each, FT saysVolkwagen'spartnership with Rivianhas passed a key milestone, with winter tests of the first vehicles using the software successfully completed, Reuters reports4. MOVERS:Adma Biologicsincreases after responding to theby Culper ResearchKopingains afterBrown-Formanhigher afterwith Pernod RicardSatellogiclower after reporting awith Innovative Defense TechnologiesLithium Argentinafalls in New York after announcing a5. EARNINGS/GUIDANCE:Super League Enterprise, with EPS beating consensusAutolus, with CEO Christian Itin commenting, "Autolus had a strong first year of launch of AUCATZYL in the US"Legence, with EPS missing consensusSanuwave Healthand provided guidance for Q1 and FY26SBC Medical, with EPS beating consensusINDEXES:Near midday, the Dow was down 0.68%, or 313.71, to 45,646.40, the Nasdaq was down 1.06%, or 227.67, to 21,183.49, and the S&P 500 was down 0.68%, or 44.13, to 6,433.03.

Carlyle (CG) and KKR (KKR) have been selected by the U.S. Army to build two data centers on military bases that are estimated to cost $2B each, Steff Chavez of The Financial Times reports. This comes as the service's use of AI has skyrocketed during the war in Iran. The army will provide long-term leases to the firms but will not invest in the project.