Good Morning! Really tough look for DraftKings, which decided to offer a sports bet promo if the Mets, Yankees, and Jets all won on 9/11 (they later apologized for the tone-deaf move). Instacart slimmed down its IPO valuation to $9.3 billion. Apple will unveil the new, pricier iPhone 15 today. Because who cares about financial responsibility when you can have the latest and greatest in your pocket?

In other Big Tech news, Google’s antitrust trial, which could potentially reshape the tech behemoth, kicks off today. And Jamie Dimon, tells us it's a 'huge mistake' to expect a booming financial environment for years to come. Apparently, there are just too many risks out there.

If you’d like to sponsor Short Squeez, then fill out this form, we’ll be in touch.

_{SQUEEZ OF THE DAY}

Blackout Averted

Disney and Charter finally kissed and made up - burying the hatchet and restoring ESPN just hours before last night’s Monday Night Football game.

Charter will fork over some extra cash to Disney for carrying its TV channels and they can even offer Disney+ and ESPN+ to their subscribers.

The alliance between programmers and distributors, which has been the bedrock of the $200 billion TV industry, seems to be showing some cracks. Partnerships are souring and animosity has made its way to the public sphere.

And if this dispute hadn't been resolved, we might have witnessed the slow unraveling of the cable bundle that's been keeping those networks afloat.

Takeaway: Without Charter's distribution, Disney would've been left staring at a viewership abyss. And with Charter’s 15 million viewers living predominantly in the New York area, a Monday Night Football blackout for the New York Jets could have been a lose-lose for both companies. Instead, it turned out to be a win-win-win, with rookie Xavier Gipson winning it for the Jets in overtime.

_{CAPITAL PULSE}

Markets Rundown

Stocks closed higher as Tesla, Apple, chipmaker stocks lead big movers.

Movers & Shakers

• (+) Tesla ($TSLA) +10% after Morgan Stanley upgraded the stock.

• (+) Nubank ($NU) +8% after JPMorgan upgraded the Brazilian financial firm.

• (–) J.M. Smucker ($SJM) -7% after announcing the Hostess deal.

Private Dealmaking

• J.M. Smucker bought Hostess for $5.6 billion

• Moderna bought Immatics, a cancer research biotech, for up to $1.8 billion

• Virgin Voyages, a cruise line brand, raised $550 million

• Getir, the 'Instacart of Turkey', raised $500 million

• Perfios, a B2B credit decisioning startup, raised $229 million

• Open Cosmos, an orbit satellites developer, raised $50 million

Get access to private deal flow here.

_{SPONSORED BY ARRIVED}

Myth: Real Estate Is For The Ultra-Wealthy

We all know real estate can be a stellar investment (after all, it has outperformed the S&P 500 for the past 20 years).

But the everyday investor probably doesn’t have the up-front capital, time, or experience to invest in lucrative real estate projects.

Introducing Arrived. Backed by Bezos himself, Arrived lets you invest in real estate properties (like vacation rentals) with just $100 and share in the profits.

Simply browse from properties curated by Arrived’s experts, invest $100 up to $50k, and relax as Arrived handles all the end-to-end management.

Over $2.6 million in dividends has already been paid–invest in real estate today!

_HEADLINES

Top Reads

• How the Arm IPO is lining up for its owner Softbank (YF)

• KKR says unions can coexist with employee ownership (BB)

• Why America’s deficit doubled to $2 trillion in one year (Axios)

• What you need to know about Google’s existential threat (Vox)

• Why is the market so down on America’s banks? (CNBC)

• NYC is one of the most expensive cities to be happy in (Timeout)

• Blackstone says private credit is coming for asset-based debt (YF)

• Taylor Swift is single-handedly giving a boost to hotel industry’s revenue (CNBC)

• Goldman plans to spend $100M on rural businesses (Axios)

• China is full of risk for U.S. companies (NYT)

_{BOOK OF THE DAY}

Elon Musk

When Elon Musk was a kid in South Africa, he was regularly beaten by bullies. One day a group pushed him down some concrete steps and kicked him until his face was a swollen ball of flesh. He was in the hospital for a week. But the physical scars were minor compared to the emotional ones inflicted by his father, an engineer, rogue, and charismatic fantasist.

His father’s impact on his psyche would linger. He developed into a tough yet vulnerable man-child, prone to abrupt Jekyll-and-Hyde mood swings, with an exceedingly high tolerance for risk, a craving for drama, an epic sense of mission, and a maniacal intensity that was callous and at times destructive.

At the beginning of 2022—after a year marked by SpaceX launching thirty-one rockets into orbit, Tesla selling a million cars, and him becoming the richest man on earth—Musk spoke ruefully about his compulsion to stir up dramas. “I need to shift my mindset away from being in crisis mode, which it has been for about fourteen years now, or arguably most of my life,” he said.

It was a wistful comment, not a New Year’s resolution. Even as he said it, he was secretly buying up shares of Twitter, the world’s ultimate playground. Over the years, whenever he was in a dark place, his mind went back to being bullied on the playground. Now he had the chance to own the playground.

For two years, Isaacson shadowed Musk, attended his meetings, walked his factories with him, and spent hours interviewing him, his family, friends, coworkers, and adversaries. The result is the revealing inside story, filled with amazing tales of triumphs and turmoil, that addresses the question: are the demons that drive Musk also what it takes to drive innovation and progress?

“A rule-breaking visionary who helped to lead the world into the era of electric vehicles, private space exploration, and artificial intelligence.”

_{ENLIGHTENMENT}

Short Squeez Picks

• Coty CEO shares best career-advice about taking your time

• How physical strength affects mood, behavior, and politics

• Why 85% is the magic number for productivity

• How to present your resume with confidence

• Adam Grant’s must-read books

_{DAILY VISUAL}

US Investment Grade Bond Issuance

_{SPONSORED BY HEDONOVA}

Hedonova Outperforming S&P 500 by Over 200%

Investing in alternative assets can often be complex and illiquid, making them challenging to fund. That's where Hedonova comes in, making it easy to invest in alternative assets.

Since mid-2020, Hedonova has achieved a remarkable feat, outperforming the S&P 500 by more than 200%.

Hedonova offers a simple yet powerful proposition: It serves as a single access point to a diverse portfolio of alternative assets, including media royalties, pre-IPO startups, wine, and fine art.

This SEC-regulated fund has captured the spotlight, securing the best multi-strategy hedge fund award at the 2023 Hedgeweek European Awards, and is backed by the likes of Morgan Stanley.

With a low minimum of $5k, you can easily start investing in alternative assets at Hedonova.

_{DAILY ACUMEN}

Stress

Stress is like that unwelcome houseguest who eats all your snacks but never leaves—annoying yet somehow part of the family. We can't kick it out completely, but we can certainly set some house rules.

Step one: breathe. Think of it as your body's natural "chill pill." Bonus: it's cheaper than therapy.

Next, let's Marie Kondo our lives. Look at your to-do list and ask, "Does this spark joy—or at least necessity?" If not, it's time to hit the delete button. Spoiler alert: saying "no" can be just as satisfying as decluttering your sock drawer.

Now, nature. Imagine it's your spa day, but without the cucumber slices and the New Age music. Trees don't judge; they're the therapists you never knew you needed.

Don't underestimate the power of awe and gratitude; they're like your life's backstage passes to the "Wow, Things Aren't So Bad After All" concert. Sounds corny, but your brain eats that stuff up like it's emotional popcorn.

Stress might always be in the audience, but don't let it be the director of your life's play. Implement these tips gradually, and you’ll trade that stress for a front-row ticket to a better, lighter you.

_{JOB BOARD}

Featured Jobs

• Uncommon Schools - Financial Analyst - New York, NY

• FLEETCOR - Director - New York, NY

_{MEME-A-PALOOZA}

Memes of the Day