KKR News & Events

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."

The major averages were little changed near noon, though a sharp decline in oil prices reflects optimism around a potential U.S.-Iran framework agreement. Crude dropping back toward the low-$90s is relieving pressure on inflation expectations and taking some stress out of rates.Semiconductor and hyperscaler momentum has gone global. Japan, Korea, Taiwan, and the U.S. are all participating simultaneously, and trillion-dollar market caps are expanding outside the traditional mega-cap U.S. cohort. The market is effectively treating AI infrastructure spending as a multi-year capex supercycle.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:AreteOracle (ORCL) to 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:Googleis in talks with Blackstoneand KKRfor AI model access, The Information reportsMorgan Stanleyis rolling out crypto trading on its E*Trade platform, Bloomberg reportsTesla'sChina-made EV sales rose 36% in April, Rueters saysMetahas asked a judge to overturn a jury verdict that found it partially liable for a user's depression due to alleged addictive platform design, Reuters reportsJPMorganoffered $1M to settle sexual assault and discrimination claims brought by a former investment banker before he refiled a lawsuit alleging misconduct within the bank, WSJ 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:Near midday, the Dow was down 0.13%, or 63.63, to 49,846.96, the Nasdaq was up 0.39%, or 100.80, to 25,939.75, and the S&P 500 was up 0.09%, or 6.41, to 7,371.53.

Google (GOOGL) is in talks with Blackstone (BX), KKR (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 report.