FLUT News & Events

The major averages closed higher, supported by optimism around a potential U.S.–Iran peace deal. Comments from President Donald Trump suggesting the conflict may be nearing an end further boosted investor sentiment. Of note, the Lebanese presidency said the country's president Joseph Aoun spoke with Trump, who then stated in a social media post that Lebanon and Israel have agreed to begin a 10-day ceasefire.Meanwhile, investors also have their eyes on another spate of earnings reports, including new prints from PepsiCo, TSMC, and Travelers along with a report due from Netflix later today.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:PepsiCoreportedand affirmed its FY26 financial outlookTSMCreported better-than-expectedTravelersreportedand raised its quarterly dividendHims & Herssharesafter Health and Human Services Secretary Robert F. Kennedy Jr. said the FDA is seeking to remove 12 peptides from Category 2 restrictionsMadison Airraised $2.23B in the2. WALL STREET CALLS:Oktato Outperform at Raymond JamesQualcommto Neutral at JPMorganFlywireto Buy at BTIGFlutter Entertainmentto Sell from Buy at CitiJetBlueto Buy at Seaport Research3. AROUND THE WEB:Paramount Skydanceconfirmed that the company will commit to a 45-day exclusive window for its movies to play in theaters, Variety reportsGoogleis negotiating a deal with the U.S. Department of Defense that would let the Pentagon deploy Gemini AI models in classified settings, reversing its previous stance, The Information saysBoeingis hiring 100 to 140 factory workers a week as the company looks to replace retirees and increase staffing to support higher production rates, Reuters saysCaterpillarhas acquired the assets of Monarch Tractor, TechCrunch saysRepsolhas signed an agreement with Venezuela and state-owned Petroleos de Venezuela to regain operational control of the Petroquiriquire asset, aiming to boost production significantly, WSJ reports4. MOVERS:Aehr Test Systemswas higher after reportingfrom a hyperscale AI customerNextNavgained after Oppenheimerthe stock to OutperformPolarisrose after saying it seeson guidance from recent tariff policy changesQuidelOrthowas lower afterJinkoSolardeclined in New York after5. EARNINGS/GUIDANCE:Abbottand cut its guidance for FY26Charles Schwab, with CEO Rick Wurster commenting, "Schwab's strong business momentum continued into 2026"ManpowerGroup, with EPS and revenue beating consensusOnto Innovationraised itsand provided guidance for Q2Wipro, with EPS in-line with consensusINDEXES:The Dow rose 115.00, or 0.24%, to 48,578.72, the Nasdaq gained 86.69, or 0.36%, to 24,102.70, and the S&P 500 advanced 18.33, or 0.26%, to 7,041.28.

Slate Auto closed a $650M Series C this week, while Latin American digital bank Plata secured $405M at a $5B valuation.This week's private company news:Arjun Sethi, co-CEO of U.S. crypto exchange Kraken, said during the Semafor World Economy that the company has confidentially filed for an IPO,'s Cory Schouten reports. An April investment round valued Kraken at $13.3B, which was lower than its peak valuation of $20B in late 2025, the author notes. "What they want at the end of the day is what Citadel and Jane Street have, or JPMorgan has, and they want it accessible to them," Sethi said of Kraken's customer base. "That's our mission: How do we make all these products open? We want to be able to help enable what you want to do with your own capital."Some of the biggest capital raises by private companies this week include:Slate Auto– The company said it closed its $650M Series C round led by TWG Global. Publicly traded companies in the space include Tesla, Rivian, and Lucid.Plata– The digital bank with operations in Latin America announced the closing of its $405M Series C at a $5B valuation. The round was led by Bicycle Capital with new investors Qatar Investment Authority, BTG Pactual, Valor Capital Group, and a large global long-only active fund manager. Publicly traded companies in the space include Block, PayPal, and SoFi.Aria Networks– The company announced it raised $125M backed by Sutter Hill Ventures, Atreides Management, Valor Equity Partners, and Eclipse Ventures. Publicly traded companies in the space include Cisco, Juniper Networks, and Ciena.Modus– The AI-native audit technology platform and holding company said it raised $85M in Seed and Series A funding, led by Lightspeed Venture Partners, with participation from Comma Capital and Garry Tan. Publicly traded companies in the space include Autodesk, Trimble, and Procore.nEye.ai– The integrated optical interconnects company announced it has raised $80M in Series C financing. The funding round was led by Sutter Hill Ventures. Publicly traded companies in the space include Cognex, Ambarella, and Nvidia.Unicorns to watch this week:Nuro– With an estimated valuation of $6B, the company specializes in autonomous delivery vehicles designed for last-mile logistics. Nuro has recently signed a partnership with Lucidand Uber.ReliaQuest– Specializing in AI-driven cybersecurity operations, the company has an estimated valuation of $3.4B. Publicly traded companies in the space Okta, Zscaler, and Crowdstrike.MaintainX– The manufacturing‑tech startup crossed unicorn threshold in this month and is now valued at approximately $2.5B. Publicly traded companies in the space include Fortive, ServiceNow, and ABM Industries.Enveda Biosciences– The company using machine learning to discover naturally occurring drug compounds reached unicorn status after securing $150M in Series D funding. Publicly traded companies in the space include Amgen, Bristol-Myers, and Gilead.Underdog Fantasy– With a valuation of about $1.3B, the company operates in the sports gaming space. Publicly traded companies in the space include DraftKings, Flutter Entertainment, and MGM Resorts.IPOs to watch:HawkEye 360– The company filed for an initial public offering of shares of common stock and said it intends to apply for listing of its common stock on the New York Stock Exchange under the symbol "HAWK."Boundless Group– The company is offering 4M Class A ordinary shares on a firm commitment basis in an initial public offering. The company expects the initial public offering price of its Class A ordinary shares to be in the range of $4.00 to $5.00 per share.AEVEX– The company filed an initial public offering of shares of Class A common stock. The company applied to list its Class A common stock on the NYSE under the symbol "AVEX."Yesway– The company announced that it has commenced an initial public offering of 13,953,488 shares of its Class A common stock. The initial public offering price is expected to be between $20.00-$23.00 per share. The shares are expected to trade on The Nasdaq Global Select Market under the ticker symbol "YSWY."Liftoff Mobile– The company announced that it has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of its common stock. The total number of shares to be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market and other conditions and the completion of the SEC's review process."Private Markets" is The Fly's recurring series of stories on the latest moves in the private sector, largest unicorn companies and initial public offerings to watch. Fly subscribers, add $PRIVATE to your portfolio for alerts on breaking news in the startup and venture capital space.

The major averages were higher near noon, supported by optimism around a potential U.S.–Iran peace deal. Comments from President Donald Trump suggesting the conflict may be nearing an end have further boosted investor sentiment. Of note, the Lebanese presidency said the country's president Joseph Aoun spoke with Trump, who then stated in a social media post that Lebanon and Israel have agreed to begin a 10-day ceasefire.Meanwhile, investors also have their eyes on a new spate of earnings reports, including new prints from PepsiCo, TSMC, and Travelers along with a report due from Netflix later today.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:PepsiCoreportedand affirmed its FY26 financial outlookTSMCreported better-than-expectedTravelersreportedand raised its quarterly dividendHims & Hersshares were rising after Health and Human Services Secretary Robert F. Kennedy Jr. said the FDA isOkloand NuScale Powerwere also higher after the White House released rules for2. WALL STREET CALLS:Oktato Outperform at Raymond JamesQualcommto Neutral at JPMorganFlywireto Buy at BTIGFlutter Entertainmentto Sell from Buy at CitiJetBlue (JBLU)to Buy at Seaport Research3. AROUND THE WEB:Googleis negotiating a deal with the U.S. Department of Defense that would let the Pentagon deploy Gemini AI models in classified settings, reversing its previous stance, The Information saysMore banks are being invited to join Softbank's$40B loan backing its investment in OpenAI, Bloomberg reportsBoeingis hiring 100 to 140 factory workers a week as the company looks to replace retirees and increase staffing to support higher production rates, Reuters saysCaterpillarhas acquired the assets of Monarch Tractor, TechCrunch saysRepsolhas signed an agreement with Venezuela and state-owned Petroleos de Venezuela to regain operational control of the Petroquiriquire asset, aiming to boost production significantly, WSJ reports4. MOVERS:Aehr Test Systemshigher after reportingfrom a hyperscale AI customerNextNavgains after Oppenheimerthe stock to OutperformHarmony Goldincreases in New York after Morgan Stanleythe stock to OverweightQuidelOrtholower afterJinkoSolardeclines in New York after5. EARNINGS/GUIDANCE:Abbottand cut its guidance for FY26Charles Schwabwith CEO Rick Wurster commenting, "Schwab's strong business momentum continued into 2026"ManpowerGroupwith EPS and revenue beating consensusOnto Innovationfor Q1 and provided guidance for Q2Wipro, with EPS in-line with consensusINDEXES:Near midday, the Dow was up 0.16%, or 79.44, to 48,543.16, the Nasdaq was up 0.34%, or 82.79, to 24,098.81, and the S&P 500 was up 0.26%, or 18.50, to 7,041.45.