EU Approves Microsoft's Mega-Deal & Home Depot Stumbles

Exploring FTC's Block on Amgen's Deal, Anticipated Debt Ceiling Vote, and Perspectives on Inflation

Author

Justin Oh
May 19, 2023

🚀💼📰 Welcome to this week's newsletter! We are thrilled to bring you a blend of pivotal headlines, tweets, and interesting posts to ensure you stay ahead in this dynamic world of business and finance. 🌐💡

From Microsoft's 🎮🎯 $75 billion Activision Blizzard deal getting a green light in the EU to Home Depot's disappointing revenue report 🏠📉, we've got all the major updates for you. Additionally, we'll delve into the FTC's move against Amgen’s $27.8 billion deal for Horizon Therapeutics 💊⚖️, as well as the possible vote on the debt ceiling deal and Federal Reserve's thoughts on inflation. 🏦💲

In the Twitterverse, Ian Cassel shares wisdom from 2014 🎓💬, Charlie Bilello provides a snapshot of 2023 returns 📊🚀, and Dalius presents some intriguing investment pitches from Q1 hedge fund letters. 📚💡 Don't miss the latest from The GPT Portfolio either. 🤖📈

Dive into fascinating posts on PUBM Pitch, energy plays, DDOG Pitch, and catch up on the latest streams and videos 📹🌐. All this and more in our carefully curated newsletter. Enjoy your read! 📖✨

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Interesting Headlines

Microsoft’s $75 Billion Activision Blizzard Deal Gets EU Approval

European Union decision comes after rejection from U.K. regulator threatened the deal’s prospects

www.wsj.com/articles/microsofts-75-billion-activision-blizzard-deal-gets-eu-approval-116b7d9a?mod=hp_lead_pos2

Home Depot posts worst revenue miss in about 20 years, lowers forecast as consumers delay big projects

The home improvement retailer said customers are taking on smaller projects and skipping big-ticket purchases, such as patio sets and grills.

www.cnbc.com/2023/05/16/home-depot-hd-earnings-q1-2023.html

FTC Moves to Block Amgen’s $27.8 Billion Deal for Horizon Therapeutics

The FTC filed a lawsuit in federal court seeking an injunction that would prevent the deal from closing.

www.wsj.com/articles/ftc-poised-to-block-amgens-27-8-billion-deal-for-horizon-therapeutics-a9c1b499?mod=hp_lead_pos1

McCarthy says House could vote on debt ceiling deal as soon as next week

"I just believe where we were a week ago and where we are today is a much better place," said McCarthy, sounding more optimistic than ever about a deal.

www.cnbc.com/2023/05/18/mccarthy-says-house-could-vote-on-debt-ceiling-deal-as-soon-as-next-week.html

Fed Chair Powell says rates may not have to rise as much as expected to curb inflation

Powell spoke Friday at a "Perspectives on Monetary Policy" panel in Washington, D.C.

www.cnbc.com/2023/05/19/fed-chair-powell-says-rates-may-not-have-to-rise-as-much-as-expected-to-curb-inflation.html

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Disclaimer: This newsletter's content is not investment advice and doesn't express any opinion about potential security prices. Make decisions based on your own review of publicly available information, not solely our content.

Our information, prepared from public sources and our research, might not be fully accurate or complete. Our views can change without notice and are based on assumptions, not actual events. Other unforeseen events may impact securities' performance.

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