Good Morning! SBF had his bail revoked on Friday - turns out he was annoying prosecutors a little too much. Between witness tampering, leaking his ex-girlfriend's diary, and claiming to use a VPN to stream the Super Bowl, he's finding himself behind bars again.

Wall Street's optimism about the U.S. economy's resilience is growing, but the warning signals from the inverted yield curve are starting to demand attention. High-schoolers are reaping free memberships at Planet Fitness, while adults' patience wears thin with TikTok workouts and Gen-Z's gym etiquette.

Amazon’s starting to caution employees who haven’t been back to the office consistently. And dating apps are starting to use AI - sometimes in the form of fictional partners, sometimes as advisor, trainer, ghostwriter or matchmaker.

_{SQUEEZ OF THE DAY}

Bulls and Backstabbers

It's been a dramatic twist in Carl Icahn’s fortunes. He passed control of his nearly $20 billion empire to his son in 2020, and should be sailing into the sunset. But now? The 87-year-old is back at the helm again and fighting for the company's survival. And as it turns out, not everyone on Wall Street is bummed to see his downfall.

Carl Icahn has been in the game for six decades. He made his name in the 1980s and became an iconic activist investor, pressuring companies like Apple to make changes to boost their stock price.

Fast forward to May 2023, when Hindenburg Research unleashed a barrage of criticism, asserting that Icahn Enterprises ($IEP) was a house of cards, its valuation inflated, and assets overpriced. The aftermath was swift and brutal – $IEP lost nearly 50% of its value in mere months, erasing roughly half of Icahn's personal fortune.

And with Icahn's reputation tarnished, he's trying to reforge his legacy by returning to activism.

Takeaway: Icahn didn’t make too many friends on Wall Street and the morning Icahn’s shares plummeted by over 30%, an old adversary, Bill Ackman, couldn't resist a taunting tweet: "On Wall Street, if you want a friend, buy a dog."

_{CAPITAL PULSE}

Markets Rundown

Stocks dipped lower after a week of sluggish earnings.

Movers & Shakers

• (+) UBS ($UBS) +6% after the bank ended a roughly $10 billion loss protection agreement with Credit Suisse.

• (+) Krispy Kreme ($DNUT) +4% after JPMorgan reiterated its overweight rating.

• (–) Coinbase ($COIN) -3% after Mizuho reiterated its underperform rating, says retail traders are using Robinhood instead.

Private Dealmaking

• IBM completed its purchase of Apptio for $4.6 billion

• Moove, a Nigerian vehicle financing startup, raised $76 million

• Georgiamune, an antibody developer, raised $75 million

• Verdagy, a developer of electrolyzer tech, raised $73 million

• Persefoni, a climate management and accounting platform, raised $50 million

• Lula, a “Stripe for insurance” startup, raised $35 million

Get access to private deal flow here.

_{SPONSORED BY WELLCORE}

Doctors Say Do This One Thing to Live a Better Life

Stretching. Taking the stairs. Eating less pizza. All good habits. But these alone will not change your life. What will? Hormone optimization. Here’s why: As we age, our testosterone levels decline big time. That’s just a fact. 40% of men over 40 suffer from low testosterone, as do 20% of men who are ages 25-40.

Low testosterone can wreck our emotional, mental, and physical health. But we haven’t gotten to the crazy part. 95% of men with low testosterone go untreated. 95%!

Enter Wellcore. They leveraged over 120 scientific studies to create The Best Hormone Optimization Program on the Planet. 100% at home and 100% painless.

The science-backed hormone optimization program can improve strength, fat loss, bone density, libido, blood pressure and mood; helping you to combat the aging process.

Right now, they are treating our readers like VIPs. Get started by ordering the kit for just $99 today ($150 off) using code HELLOVIP.

_HEADLINES

Top Reads

• Private equity firms’ return expectations remain high despite M&A slowdown (II)

• Yellow’s bankruptcy becomes a Wall Street battle (Axios)

• Americans are still ransacking their retirement savings (YF)

• How Amazon is racing to catch up to Google and Microsoft in generative AI race (CNBC)

• How WeWork finally arrived at the brink (Axios)

• Credit Suisse investors plan lawsuit challenging UBS buyout (Reuters)

• David Solomon is stuck without a clear lifeline (NYT)

• 1 in 3 Gen-Zers say they feel guilty when they don't work on vacation (CNBC)

• WeWork’s collapse and impact on NYC real estate market (YF)

• Former Xerox CEO on her private equity path (BB)

_{BOOK OF THE DAY}

Guide to Power & Influence

Drawing from current-day lessons and the wisdom of hundreds of drivers of change in all fields of business, The Ultimate Guide to Power & Influence is Robert Dilenschneider’s latest guide to harnessing the universal principles for success. It provides anecdotes and insights on a wide range of keys to success, including how to seize opportunity amid crisis, manage your network, communicate effectively, and take full advantage of social media to bolster your image.

A leader in the sphere of public relations and the founder of The Dilenschneider Group, which provides strategic advice to Fortune 500 companies and leading figures around the world—with experience in everything from mergers and acquisitions to government affairs and international media—Robert Dilenschneider writes with experience and authority to help readers acquire and amplify their power.

"An inspiring primer on navigating one’s life with self-knowledge and integrity."

_{ENLIGHTENMENT}

Short Squeez Picks

• The best books to help you build a great career

• Why tracking progress fuels success

• 4 red flags that you’re undermining your leadership

• 6 habits of effective communicators

• How to nurture the entrepreneurial spirit in college

_{DAILY VISUAL}

It’s Going Down - WeWork

WeWork bond price

_{DAILY ACUMEN}

Embrace Differences

You know how sometimes we're like magnets for offense? Yeah, our ego's just doing its thing, trying to shield us and our beliefs. But, heads up: our brains are sneaky.

They'll make us believe we're on the right side of things, even when we're totally off base. So, when you feel that prick of annoyance, hit the pause button and really listen.

Communication mess-ups? Usually just a mix-up in perspectives. Let's swap judgement for acceptance and celebrate our differences. Remember, not taking things to heart? That's pretty much your inner superhero showing up.

_{MEME-A-PALOOZA}

Memes of the Day