‘Never a good time to ask’: $215k NZX director fee hike approved

Good Morning,

Nvidia, Chip Stocks Drop Into Correction as Rate Bets Shift, ‘Never a good time to ask’: $215k NZX director fee hike approved, NZ business wellbeing hits all-time low amid financial strain, Oil Holds Decline as Geopolitical Risk Premium Fades, Defence biz DroneShield upsizes raise to $100m after strong demand and Investment platform’s licence cancelled.

Let's jump in.

Before The Bell

Earnings and Data

Blackstone reports 1% rise in first-quarter earnings (RT)

News Summary

• Investment platform’s licence cancelled (Stuff)

• The public service cuts situation is not as simple as it seems (Stuff)

• Alpine Energy may face penalties following ComCom investigation (Stuff)

• Teen charged with terrorism over church stabbing (Stuff)

• Flooded UAE counts cost of epic rainstorm, airport still facing disruptions (RT)

• Exclusive: Mexico, facing US pressure, will halt incentives to Chinese EV makers (RT)

• Banks told to anticipate risks from using AI, machine learning (RT)

• Vestager defends EU merger rules, says competition creates strong companies (RT)

• Nvidia, Chip Stocks Drop Into Correction as Rate Bets Shift (BBG)

• Toyota Debuts Newest Camry Sedan as a Hydrid-Only Model (BBG)

• Oil Holds Decline as Geopolitical Risk Premium Fades (BBG)

• TikTok Divest-or-Ban Threat Brought Closer by US Congress (BBG)

• ‘Never a good time to ask’: $215k NZX director fee hike approved (NBR)

• Fonterra farmers to trade using Sharesies (NBR)

• NZ business wellbeing hits all-time low amid financial strain (NBR)

• Veil of heavy regulation draped over NZ's cannabis clinics (NBR)

Deal Flow

Equity Raises

• Walmart-Backed Ibotta, Holders Raise $577 Million in IPO Priced Above Range (BBG)

• Defence biz DroneShield upsizes raise to $100m after strong demand (AFR)

The Daily Deck is sponsored by Industrial Equity, LLC