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- First Step to Final Offer (07/09/24)
First Step to Final Offer (07/09/24)
Brooks Gammill
July 09, 2024
Your weekly round-up of an M&A deal walkthrough, insightful market news summaries, technical quiz questions, and various internship, events, and diversity programs. A key resource to best prepare yourself for finance recruiting. If someone sent you the newsletter subscribe below!
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Class of 2026
Summer 2025 Applications
BCG Associate Internship - Link Here
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Citadel Securities Trading Fundamental Analyst - Link Here
Loop Capital Summer 2025 Analyst Postions - Link Here
Stifel Financial Corp Summer 2025 Analyst Roles - Link Here
Citi Summer Summer 2025 Analyst Roles - Link Here
StepStone Group Summer 2025 PE Analyst - Link Here
Guggenheim Summer 2025 Applications - Link Here
Oppenheimer Summer 2025 Applications - Link Here
Abdiel Capital Summer 2025 Application - Link Here
Solomon Partners Summer 2025 Applications - Link Here
Long Ridge Summer 2025 Application - Link Here
D.E. Shaw Summer 2025 Application - Link Here
Bank of America Summer 2025 Applications - Link Here
Point72 Summer 2025 Application - Link Here
JMI Equity Summer 2025 Application - Link Here
J.P. Morgan Summer 2025 Application- Link Here
MARKET NEWS
Vistra and Constellation Energy surge on clean energy demand bets, powered by AI tech
Shares of Vistra Corp and Constellation Energy Corp have surged as both companies capitalize on increasing demand for clean energy, driven by advancements in artificial intelligence technology. These companies are investing heavily in AI to enhance efficiency and reliability in their energy production processes. The surge in share prices reflects investor confidence in the role of AI in revolutionizing the clean energy sector. (Reuters)
Boeing agrees to plead guilty to fraud charge over 737 Max crashes
Boeing has agreed to plead guilty to a fraud charge related to the two fatal 737 Max crashes. This plea is part of a $2.5 billion settlement with the Justice Department, addressing accusations that the company misled regulators and the public about the safety of the aircraft. The crashes, which occurred in 2018 and 2019, resulted in the deaths of 346 people. The settlement includes compensation for the victims' families and fines to the federal government. Boeing's acknowledgment of wrongdoing marks a significant step in its efforts to rebuild trust and accountability in the aviation industry. (AP)
Morgan Stanley's Wilson predicts 10% fall in S&P 500 by US election
Morgan Stanley's Chief Investment Officer, Michael Wilson, has forecasted a 10% decline in the S&P 500 index by the time of the upcoming U.S. election. Wilson attributes this potential drop to various economic challenges, including rising interest rates, inflation pressures, and geopolitical uncertainties. He suggests that investors should brace for market volatility as these factors may weigh heavily on market performance in the coming months. Wilson's prediction underscores concerns about the stability of the stock market amid the current economic landscape. (Reuters)
M&A Deal Overview
Paramount Global and Skydance Media agree to merge in landmark entertainment industry deal
NEW YORK, July 8 (CNBC) - Paramount Global and Skydance Media have announced a merger, aiming to strengthen their position in the competitive entertainment industry. This merger combines Paramount's extensive content library with Skydance's expertise in blockbuster productions, creating a powerhouse in content creation and distribution. The deal is expected to enhance the merged entity's ability to compete with streaming giants like Netflix and Disney+, streamline operations, and expand their global reach. Financial terms of the deal were not disclosed, but the merger signals a significant shift in the industry's landscape. (CNBC)
TECHNICAL QUESTION OF THE WEEK:
ADDITIONAL RESOURCES
LAST WEEK TECHNICAL QUESTION OF THE WEEK ANWSER:
Correct Answer - 2,930