Be in the know. 15 key reads for Monday…

  1. QXO to Buy Insulation Company TopBuild for $17 Billion (wsj)
  2. Latest acquisition by Brad Jacobs’ QXO building products rollup is largest so far (freightwaves)
  3. QXO Announces Investor Presentation Regarding Acquisition of TopBuild (qxo)
  4. Morgan Stanley sees agentic AI widening chip spending beyond graphics processors to CPUs (reuters)
  5. Big Tech’s giant headache: billions in AI capital spending and investors demanding quick results (marketwatch)
  6. AI boom poised to be ‘massively disinflationary’, Northern Trust says (ft)
  7. Global 2025 Power Demand Rose as EV, Data Centers Grew, IEA Says (bloomberg)
  8. Wall Street Strategists Bullish on the US Earnings Outlook (bloomberg)
  9. Trump Administration to Begin Refunding $166 Billion in Tariffs (nytimes)
  10. Stanley Black & Decker says tariff changes won’t affect guidance (investing)
  11. Big Oil Plows Billions Into Far-Flung Drilling Sites to Escape Iran Turmoil (wsj)
  12. Short-Covering Rally… Or Something More? (zerohedge)
  13. AI’s Token Economy Revolution Creates New China Tech Winners (bloomberg)
  14. China keeps benchmark lending rates unchanged as economic growth revs up (cnbc)
  15. China does have one powerful lever to boost consumption (ft)