Fed Halts Rate Hikes

Good Morning,

Qantas aims to create eco-friendly aviation fuel for implementation by 2050, Federal Reserve set to pause rate hikes, NZ government allocates $18 million for state-of-the-art facility to measure methane emissions, and HSBC aims to establish global prominence in VC and startup banking, bolstered by recent hiring spree.

Let's jump in.

Before The Bell

Markets

• Encouraging Inflation Data Boosts US Stocks, Hints at Possible Pause in Fed Rate Hikes

  • S&P and Nasdaq Achieve 14-Month High Closes, Reflecting Strong Performance

News Summary

• Qantas aims to create eco-friendly aviation fuel for implementation by 2050 (RNZ)

• Russia Introduces windfall tax, targeting $5.3 Billion amid ongoing Ukraine Conflict (AFR)

• Qantas launches direct flight from Auckland to New York (AFR)

• Federal Reserve set to pause rate hikes, maintains the option for July increase (BBG)

• NZ government allocates $18 million for a state-of-the-art facility to measure methane emissions (NBR)

• Former U.S. President Donald Trump enters not guilty plea to federal charges of illegally retaining national security documents and providing false information (RT)

• HSBC aims to establish global prominence in VC and startup banking, bolstered by a recent hiring spree (RT)

• Modelo Especial ousts Bud Light as best-selling U.S. beer (WSJ)

Deal Flow

Investments / M&A

• Federal Judge in California Temporarily Halts Microsoft's $69 Billion Acquisition of Activision Blizzard (BBG)

• Healthcare executive Michael Andlauer acquires a 90% stake in NHL's Ottawa Senators from the late Eugene Melnyk's Family (BBG)

• Macquarie's asset management arm Acquires majority stake in Coastal Waste & Recycling at $900M Valuation (RT)

VC & Fundraising

• Lightspeed Venture Partners led a $113 million seed round for Mistral AI, an innovative startup focused on constructing expansive language models and generative AI, resulting in a valuation of $260 million (TC)

• Goldman Sachs Asset Management made a significant $300 million investment in Madhive, a cutting-edge advertising software platform specializing in TV advertising (BW)

• Ultra Capital took the lead in a Series B funding round for On.Energy, a prominent integrator of battery energy storage systems, contributing $20 million to the investment (BW)

Equity Raises

• Jarden and UBS Prepare IPO Roadshow for Mondiale VGL (AFR)

• Macquarie technology group initiates $130M fundraising, first since 1999 IPO (AFR)

• JP Morgan has estimated the value of Thyssenkrupp Nucera’s IPO at approximately $3.2 billion (RT)

Debt

• Adani Group is currently engaged in discussions to refinance a debt amount of up to $3.8 billion, which was utilized for the acquisition of Ambuja Cements (RT)

Daily Picks

• Qantas launches direct flight from Auckland to New York (AFR)

• Federal Reserve Set to Pause Rate Hikes, maintains Option for July Increase (BBG)

Job Board

New Zealand

• ASB rural banking graduate - Apply here

• Waterman Capital investment analyst - Apply here

Australia

• Citadel Securities graduate and intern roles - Apply here

• Goldman Sachs Investment Banking Intern - Apply here

• IMC graduate and intern roles - Apply here

• Jarden

  • Graduate role - Apply here

  • Summer internships - Apply here

• Macquarie graduate roles - Apply here

• Optiver

  • Graduate role - Apply here

  • Internships - Apply here

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