Over three decades in finance, I’ve seen one constant evolution —the boundary between public and private capital keeps fading. This week, Morgan Stanley announced its acquisition of EquityZen, a leading private shares platform that connects investors with pre-IPO companies. It’s more than just another acquisition.It’s a strategic statement — one that signals how Wall Street...
After three decades in investment strategy, I’ve learned this:Markets don’t punish weakness — they punish surprise. That’s exactly what happened yesterday when Chipotle’s stock plunged nearly 19%, wiping out $9 billion in market value after its third downward sales forecast revision this year. Behind this single-day drop lies a larger narrative — one that cuts...
After three decades observing the intersection of finance and sustainability, one thing is clear: ESG strategy has entered a new era of recalibration. This week, State Street Global Advisors, the world’s fourth-largest asset manager overseeing more than $5.4 trillion, announced that it would withdraw its U.S. operations from the Net Zero Asset Managers (NZAM) initiative,...
Over the past three decades in commodity markets, I’ve learned one simple truth:When macro fundamentals and fund sentiment align, history is made. This week, copper reminded the world of that principle.The London Metal Exchange (LME) copper price just hit an all-time high of $11,200 per metric ton, driven by a rare alignment of supply constraints,...
Eli Lilly (LLY.N) announced a $1.2 billion investment to expand its manufacturing site in Carolina, Puerto Rico, as part of a broader $50 billion U.S. manufacturing initiative aimed at boosting domestic production capacity and mitigating potential tariff risks. The upgraded facility will produce Orforglipron, Lilly’s upcoming oral weight-loss treatment expected to be submitted for global...
Morgan Stanley (MS.N) announced plans to acquire EquityZen, a leading platform for trading private company shares, as Wall Street accelerates efforts to meet rising investor demand for access to pre-IPO and high-growth startups. The deal enables Morgan Stanley to strengthen its position in private markets by connecting its 20 million clients to exclusive opportunities and...