🗞️ HubSpot stock -12%

July 11, 2024   |   Read Online Brought to you by: Top stories today: Samsung introduces Galaxy Ring, Watch Ultra, updates phones HubSpot stock -12% after report Google shelved efforts to buy it Global startup funding +12% YoY to $79B in Q2 CPI, core CPI expected at 0.1% MoM / 3.1% YoY, 0.2% / 3.4% Vision Pro sales expected to be <500K for 2024 Follow us on X | Instagram | Advertise to our 250K+ subscribers 0. Data and calendar All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT). All times are ET. 1. Samsung introduces Galaxy Ring, Watch Ultra, updates phones All of Samsung Unpacked 2024 in 12 minutes The Ring starts at $399 and is focused on health and sleep tracking Samsung. Read more: The Verge. Other Samsung news Galaxy Watch Ultra ($649) introduced, in addition to Watch 7 ($299). Galaxy Z Flip 6 has battery, cover display, camera upgrades, starts at $1,099. Galaxy Z Fold 6 has wider displays, starts at $1,899. The new Galaxy Buds look exactly like the Apple AirPods. Gemini features are being introduced to Samsung devices. 2. HubSpot stock -12% after report Google shelved efforts to buy it Google Finance: HubSpot. "The sides didn't reach a point of detailed discussions around due diligence." The high odds of regulatory scrutiny that would come from such a deal was likely a contributing factor. 3. Subscribe to the free Quartz Daily Brief for:* Quartz Daily Brief. Insight on the economic trends and policies influencing our global economy. Updates on the latest innovations from companies like Tesla, Microsoft and Nvidia. Analysis on the high-stakes decisions from all markets. Subscribe for free! *Sponsored. 4. Global startup funding +12% YoY to $79B in Q2, as North America +35% to $45B Crunchbase. Early-stage funding saw the largest increase in North America Crunchbase. Deal volume has been trending down, suggesting $ per deal is growing quickly Crunchbase. U.S. creator startups raised $693M in Q2, +68% YoY The Information. 5. CPI, core CPI expected at 0.1% MoM / 3.1% YoY, 0.2% / 3.4%, out at 8:30 AM ET It would be the 2nd consecutive period of monthly inflation in line with the Fed's 2% annual goal: 6. Vision Pro sales expected to be <500K for 2024, start growing in Q3 2025: IDC Bloomberg. 7. Biden's odds of dropping out climbs to 61% after remarks from Clooney, Senate Dem Polymarket. George Clooney: "I love Joe Biden. But we need a new nominee." Sen. Peter Welch (D-Vt.): Biden should withdraw. Schumer open to dumping Biden: sources. 8. Interesting videos, posts, and memes Flagship Pioneering Raises $3.6 Billion to Fuel Breakthrough Innovations 9. Other headlines AI Helsing raises €450M at €5B valuation for AI for defense. AMD to buy Finnish startup Silo AI for $665M. OpenAI partners with Los Alamos to test AI's use case for lab work. Athyna: hire incredible global talent with up to 80% savings vs. U.S. hires.* *Sponsored. Tech Starlink Mini now available to anyone in U.S. Apple aims to ship 10% more new iPhones (90M) in H2 2024. Intuit laying off 1,800 workers, 10% of total. Earned Wealth raises $200M for wealth management for doctors. iCloud Photos now makes it easier to switch from Google Photos. iPhone 17 Pro Max to be 1st to have 3 48MP camera lenses. Open Source CEO: learn how to be a leader and outperform the competition, with this free newsletter.* Mercury saves you and your finance team time and headaches.* Axios Pro: Deals Tracker does smarter analysis across VC, PE and M&A.* *Sponsored. Clicking on ad links may share your email with Mercury for remarketing purposes. Tech & law Apple agrees with EU to allow rival payment tech for 10 years. FTC: 76% of subscription websites have "dark patterns." Biotech Flagship Pioneering raises $3.6B for 2 new funds. Bioptimus launches H-optimus-0, AI model for pathology. Once-weekly insulin from Novo denied approval by FDA. Longevity Summit Dublin: a summary. Anti-Alzheimer's device may also be good for longevity. Business Powell repeats he's not "sufficiently confident" about 2% inflation. Archegos's Bill Hwang convicted of fraud, market manipulation. Alec Baldwin's involuntary manslaughter trial starts. Crypto Trump to speak at Bitcoin Conference on July 27. BitMEX pleads guilty to bank secrecy violation, sentencing TBD. Solana's Firedancer client builds 1st block on testnet. tea Protocol: click to subscribe to tea's newsletter and learn more about how to get rewards for your open-source contributions.* *Sponsored. World NATO accuses China of supplying Russia with weapons. Modi's visit to Russia during NATO summit irks U.S. officials. Was this newsletter forwarded to you? Sign up here. Liked it? Forward it to friends and get rewards (see below). Share Bay Area Times Share our newsletter with your friends and get free Bay Area Times rewards! 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