Hunt, Mike, and Jason walk the Cash Flow Memo across an escalating Iran-US oil standoff, the widening federal deficit, a wave of new AI agent products from xAI and Meta, and a Montana law reshaping…
▶ Explore this week’s Tape — live, sortable, drill-down →ONEOK Bought a RatioONEOK announced a four-point-four-billion-dollar acquisition last weekend and raised nine billion dollars to pay for it.…
Hunt, Mike, and Jason walk the Cash Flow Memo across energy, the federal balance sheet, and healthcare, joined by Montana in San Diego for a deep session on cancer vaccines and how immunotherapy…
▶ Explore this week’s Tape — live, sortable, drill-down →The Bid Was the BusinessPayPal spent the summer being priced by a buyer rather than by a business, and on Friday it found out which of the two…
Hunt, Mike, and Jason walk the Cash Flow Memo: oil and gas exhibits, the deficit math nobody wants to do, the Moderna/Merck cancer-vaccine economics, and the SpaceX position Hunt says he’ll probably…
▶ Explore this week’s Tape — live, sortable, drill-down →Twelve Times Free Cash Flow Bought One Company and Trapped AnotherTwo of our companies signed deals this week, and the Cash Flow Memo prices…
Hunt, Mike, and Jason go more than half healthcare this week: Moderna’s Merck-partnered mRNA cancer vaccine cleared phase 3 in melanoma and the stock doubled. Plus Hormuz at a standstill, $7 trillion…
▶ Explore this week’s Tape — live, sortable, drill-down →The AI Buildout Just Became a Credit TradeBroadcom put up the best AI guidance in the semiconductor industry and lost five percent for it.…
Hunt, Jason, and Mike walk the Cash Flow Memo through $90 oil that will not change oil-patch spending, a compute market sold out through 2028, and a healthcare desk that still found time for…
▶ Explore this week’s Tape — live, sortable, drill-down →A note from the desk: this week’s update is landing a few days late. We hit a technical problem over the weekend that took our production…
