Be in the know. 18 key reads for Wednesday…

  1. Diageo Sells Cricket Team to Blackstone-Backed Consortium for $1.8 Billion (wsj)
  2. Diageo Bought an Indian Cricket Team, Set for $1 Billion Payout (bloomberg)
  3. Alibaba Stock Rises. Why China’s Food Delivery War Could End Soon. (barrons)
  4. Meituan, Alibaba Shares Jump as Beijing Vows to End Price Wars (bloomberg)
  5. China’s AI Stocks Gain as State Media Tout Rising Token Usage (bloomberg)
  6. Venezuelan Opposition Leader Vows to Fully Privatize Oil (barrons)
  7. NOV to double Brazil flexible pipe capacity with $200M investment (investing)
  8. US Forms 15-Point Plan to End Iran War as Trump Pushes Talks (bloomberg)
  9. Morgan Stanley’s Wilson Sees S&P Profit Boom Despite Iran War (bloomberg)
  10. ‘Upside Tail-Risks Are Underpriced’: Citadel Securities Chief Strategist Offers April’s ‘Capitulation Checklist’ (zerohedge)
  11. Retail Traders Are Selling Stocks for First Time Since 2023 (bloomberg)
  12. Private credit’s ‘zero-loss fantasy’ is coming to an end as defaults and fund exits rise (cnbc)
  13. OpenAI to end Disney deal and Sora video app (ft)
  14. US Easter spending to touch a record $24.9 billion in 2026, NRF forecasts (reuters)
  15. IRS Data Show Average Tax Refund Up Over 10% This Year (zerohedge)
  16. Big Returns From AI Investments Are Here, CFOs Say (wsj)
  17. United to Add Over 250 Planes in Next Two Years as Part of Premium Push (wsj)
  18. BofA reiterates Buy on Estee Lauder stock, keeps $130 target (investing)