Aon Spent $30 Billion. KKR Walked Away With the Better Deal.
Two years, two giant acquisitions, and a lesson in who profits from insurance roll-ups.
Business
31 Days to a Funding Cliff
Two unreconciled CRs, one fiscal deadline, and a data blind spot that could leave the Fed guessing in October.
Five Prints in Six Days: How to Trade the Data Gauntlet Into the September FOMC
The benchmark revision resets every assumption entering the most consequential data week of the year.
From $25B to $55B: Moderna’s Melanoma Math
The Phase 3 win validated the platform. Now the harder work begins: manufacturing every dose from scratch.
DAP at $795, Black Sea Shut: Where Fertilizer Fits in the New Wheat Trade
India's export reopening and the Black Sea collapse are redirecting grain flows, but the sharpest opportunity sits in the input…
Micron’s CEO Just Called Time on the Boom-Bust Clock
A $10 billion research lab, a 50% supply shortfall, and a forward P/E of 6.76 are telling three different parts…
The Market Is Pricing NVDA Like a Lender
BofA's FCF math says the discount is real. August 26 decides whether the multiple closes.
Eaton Built a 307-Gigawatt Moat. ETN Still Discounts It
Record Q2 revenue, a 307-gigawatt U.S. pipeline equal to 15 years of build, and a cooling deal running 20% above…
IBM Is Building an AI Delivery OS. OpenAI Is the Latest Module.
The model is not the moat. IBM's Consulting Advantage platform is the real strategic bet, and the OpenAI deal is…
The Fed Is Not the Bond Market’s Biggest Problem
A $29 trillion borrowing wall, a BOJ poised to hike in September, and synchronized fiscal expansion across NATO are pushing…