• Apple unveils smarter Siri: Apple (AAPL) will debut a more conversational AI-powered Siri later this year, expanding Apple Intelligence across devices and apps. Shares fell 2% as investors were underwhelmed. Sources: NY Times / The Verge.
• GSK buys Nuvalent: British pharma giant GSK (GSK) will acquire cancer drug developer Nuvalent (NUVL) for $10.6B in its largest deal in years, strengthening its oncology pipeline and lung cancer portfolio. Nuvalent rocketed 39% premarket, with GSK down 2%. Source: Reuters.
• Inno wins AI development deal: Electronics firm Inno (INHD) surged 3,660% after securing a $3M contract to develop AI-powered sales agents for a used mobile phone business. Investors are betting on AI-driven growth. Source: Eciks.org.
• Wix slashes workforce: Wix.com (WIX) is cutting about 1K jobs, or 20% of staff, and lowering its 2026 bookings and revenue outlook as it streamlines operations. Shares plunged 8%. Source: WSJ.
• Vail lowers forecast: Vail Resorts (MTN) lowered its full-year earnings forecast for a second time after historically low snowfall reduced skier visits across its Rocky Mountain resorts. Shares fell 3.8% premarket. Source: WSJ.
• Micron whipsaws: Micron (MU) gained 10% yesterday after plunging 13% on Friday, highlighting recent volatility in the tech sector. Source: CNBC.
• Pentagon expands Chinese blacklist: The DoD added Alibaba (BABA), Baidu (BIDU), and BYD (HKG:1211) to its list of Chinese military-linked companies, barring U.S. defense contracts and increasing regulatory scrutiny. Alibaba and Baidu fell 1–2%. Source: AP.
• U.K. reviews Paramount & Palantir deals: British regulators are reviewing Paramount Skydance's (PSKY) $110B acquisition of Warner Bros. Discovery (WBD), with a decision due by Aug. 7. Separately, the U.K. is also reviewing its £330M NHS data contract with Palantir (PLTR) ahead of a 2027 extension decision. Sources: Reuters / Reuters.
• Ingredion buys Tate & Lyle: Food company Ingredion (INGR) will purchase Tate & Lyle (LON:TATE) for $3.6B in cash, expanding its specialty ingredients portfolio and global reach. Source: WSJ.
• Klarna expands into savings: Swedish fintech firm Klarna (KLAR) launched high-yield savings accounts in the U.S. with rates up to 3.28%, broadening its banking services beyond buy-now-pay-later lending. Shares are down 43% YTD. Source: Bloomberg.
• Meta accuses NSO of hacking: Meta (META) said that Israeli spyware firm NSO Group targeted WhatsApp users with phishing attacks despite a court order restricting such activity. The allegations renew scrutiny of the company. Source: NY Times.
• Airlines fault new engines: Airline CEOs say newer fuel-efficient engines from GE Aerospace (GE) and RTX-owned Pratt & Whitney (RTX) are proving less reliable than expected, driving costly maintenance and aircraft downtime that offset fuel savings. Source: CNBC.

For the trailing twelve months ending March 31, 2026:†

• Percent ABS: 14.6% net returns after losses
• High-yield bonds: 8.9%
• Leveraged loans: 6.1%
• Investment-grade bonds: 4.5%

The S&P 500 outperformed (shown for market context), but it also swung double digits on tariff headlines and AI repricing in Q1. Percent's ABS deals kept paying scheduled monthly cash flows throughout.

Private credit isn't an equity substitute. It belongs in the fixed-income sleeve — and against bond benchmarks, the performance gap is hard to dismiss. A collateralized loan with a fixed coupon and a defined repayment schedule fills the same portfolio role as a bond, with different terms and a different risk profile.

What you access on Percent:†

• 17.0% current weighted average coupon rate
• 93.5% of performing deals on Percent's marketplace pay monthly fixed-rate coupons
• Deal terms 6–24 months
• Full borrower documentation before you commit a dollar
• Starting at $500

$2B+ total issuance. 1,000+ deals. 60,000+ accredited investors. 0.44% lifetime net loss rate on asset-based deals.

• OpenAI: OpenAI confidentially filed for an IPO and is reportedly targeting a public listing as soon as this fall. The move would help fund massive AI infrastructure spending as competition intensifies with Anthropic, Google (GOOGL), and others. Sources: Bloomberg / BBC.
• Bending Spoons: Bending Spoons, owner of AOL, Vimeo, WeTransfer, and Eventbrite, filed for a Nasdaq (NDAQ) IPO and is reportedly targeting a valuation above $20B. The software acquirer is seeking capital to support further acquisitions and growth. Source: Reuters.
• Perplexity: Perplexity plans to go public in 2028 regardless of the outcomes of upcoming IPOs from OpenAI and Anthropic. CEO Aravind Srinivas said strong investor demand for leading AI companies should support future listings across the sector. Source: CNBC.

• Trade deficit narrows: The U.S. trade deficit narrowed to $55.9B in April as record oil exports offset rising imports of computers and semiconductors tied to AI and data center investment. Source: Bloomberg.
• Chinese exports surge: China’s exports rose 19.4% in May, driven by AI-related technology and semiconductor shipments. Exports to the U.S. in particular jumped 35.4%, the strongest growth in 5 years. Source: CNBC.
• Indonesia raises rates: Indonesia unexpectedly raised its benchmark rate to 5.5% to support its currency, curb inflation, and attract foreign capital. Source: CNBC.
• Small business optimism slips: U.S. small-business sentiment fell in May, with the NFIB index at 95.3. Planned price hikes rose to the highest level since July 2022, while hiring plans weakened amid ongoing labor shortages. Source: Reuters.

• U.S. chopper crashes near Hormuz: A U.S. Army Apache helicopter crashed near the Strait of Hormuz, though both crew members were unharmed. Source: NPR.
• Elections in Kosovo: Kosovar PM Albin Kurti’s governing center-left party won the largest share of votes in the latest election but fell short of a majority, prolonging the country's political deadlock. Source: Euronews.
• Judge scraps H-1B fee: A federal judge struck down the Trump admin.’s $100K fee for new H-1B visa applicants, ruling that it exceeded executive authority and amounted to an unauthorized tax. If upheld, the decision may ease hiring concerns for healthcare and tech employers. Source: WSJ.

• 8:15 AM: ADP Employment Change Weekly
• 8:30 AM: Balance of Trade
• 8:30 AM: Exports & Imports
• 10:00 AM: Existing Home Sales & Existing Home Sales MoM
• 12:00 PM: EIA Short-Term Energy Outlook
• 4:30 PM: API Crude Oil Stock Change
• Wednesday: Core Inflation Rate MoM & YoY, Inflation Rate MoM & YoY
• Thursday: PPI MoM
• Friday: Michigan Consumer Sentiment Prelim.

The J. M. Smucker Company (SJM) has released its quarterly earnings.

• Revenue of $2.27B (+5.83% YoY) beats by $5.50M.
• EPS of $2.77 (+19.91% YoY) beats by $0.13.
• Financials · As Reported · Metrics · Press Release

SailPoint (SAIL) has released its quarterly earnings.

• Revenue of $280.14M (+21.55% YoY) beats by $4.02M.
• EPS of $0.05 (+400.00% YoY) beats by $0.01.
• Financials · As Reported · Metrics · Press Release

VinFast Auto (VFS) has released its quarterly earnings.

• Revenue of $920.69M (+40.23% YoY) misses by $169.31M.
• EPS of -$0.48 misses by $0.17.
• Financials · As Reported · Metrics · Press Release

Uranium Energy (UEC) has released its quarterly earnings.

• EPS of -$0.11 misses by $0.09.
• Financials · As Reported · Metrics · Press Release

Vail Resorts (MTN) has released its quarterly earnings.

• Revenue of $1.21B (-6.95% YoY) misses by $3.93M.
• EPS of $8.81 (-15.77% YoY) misses by $0.18.
• Financials · As Reported · Metrics · Press Release

United Natural Foods (UNFI) has released its quarterly earnings.

• Revenue of $7.72B (-4.17% YoY) misses by $95.64M.
• EPS of $0.77 (+75.00% YoY) misses by $0.01.
• Financials · As Reported · Metrics · Press Release

Casey's General Stores (CASY) will report today after close.

• Analysts estimate revenue of $4.35B (+8.99% YoY).
• EPS is estimated to be $3.32 (+26.24% YoY).
• Financials · As Reported · Metrics

Oracle (ORCL) will report tomorrow after market close.

• Analysts estimate revenue of $19.09B (+20.05% YoY).
• EPS is estimated to be $1.89 (+11.18% YoY).
• Financials · As Reported · Metrics

Core & Main (CNM) will report tomorrow before market open.

• Analysts estimate revenue of $1.90B (-0.64% YoY).
• EPS is estimated to be $0.59 (+13.46% YoY).
• Financials · As Reported · Metrics

Chewy (CHWY) will report tomorrow before market open.

• Analysts estimate revenue of $3.35B (+7.56% YoY).
• EPS is estimated to be $0.39 (+11.43% YoY).
• Financials · As Reported · Metrics

Adobe (ADBE) will report Thursday.

• Analysts estimate revenue of $6.45B (+9.87% YoY).
• EPS is estimated to be $5.60 (+10.67% YoY).
• Financials · As Reported · Metrics

Lennar (LEN) will report Thursday.

• Analysts estimate revenue of $8.08B (-3.58% YoY).
• EPS is estimated to be $1.24 (-34.74% YoY).
• Financials · As Reported · Metrics

• Confirmed today: WhiteHawk Minerals Corp. (WHK), a natural gas mineral and royalty firm with $67.60M in TTM revenue and $615.3% revenue growth YoY.
• Estimated Wednesday, June 10: ERock, Inc. (EROC), a natural gas generator company with $190.77M in TTM revenue and 42.5% revenue growth YoY.
• Estimated Wednesday, June 10: Parabilis Medicines, Inc. (PBLS), a clinical-stage biopharma company.
• Estimated Thursday, June 11: Forbright, Inc. (FRBT), a financial services platform with $591.80M in TTM revenue and 12.0% revenue growth YoY.
• Estimated Friday, June 12: MetaOptics (MOT), an optical lens company with $613.2K in TTM revenue and 891.2% revenue growth YoY.
• Estimated Friday, June 12: Space Exploration Technologies Corp. (SPCX), a spacecraft manufacturer and space transport company with $19.30B in TTM revenue and 33.2% revenue growth YoY.