Feb 14, 2026

Email 1 Summary:

The software sector is under pressure due to fears that AI products may disrupt software-as-a-service business models, causing a significant decline in software stocks. Citi’s Scott Chronert anticipates a short-term bounce amid recent heavy selling but warns of longer-term risks due to potential reductions in terminal values by 10-30%. Although recent earnings and guidance have met or exceeded expectations, investors are increasingly concerned about the future impact of AI on these companies, leading to valuation compressions. The software sector is currently trading at its lowest relative valuation in years, setting the stage for greater stock selection scrutiny in the face of AI disruption uncertainty.

Email 2 Summary:

Gail Slater, formerly the U.S. Justice Department’s top antitrust official, resigned less than a year into her role, signaling a possible shift toward more lenient antitrust enforcement aligned with White House factions favoring less regulation. Her departure followed conflicts over settlements in major merger cases such as Hewlett-Packard Enterprise’s acquisition of Juniper Networks and potential settlements involving Live Nation. Meanwhile, Anthropic raised $30 billion in Series G funding, doubling its valuation to $380 billion, marking it as the fourth-most valuable private tech company globally. The report also details numerous recent venture capital deals, acquisitions, and public offerings, reflecting sustained investment and dealmaking activity in the tech and energy sectors.

Email 3 Summary:

Australia’s Reserve Bank has raised interest rates in response to an accelerating economy and persistent inflation, despite a temporary easing in inflation during late 2024. The RBA was initially cautious due to a slight rise in unemployment, but inflation and job growth rebounded, prompting a policy reversal. In contrast, the U.S. Federal Reserve has been more hesitant to raise rates, despite similar economic indicators, including accelerating economic growth and inflation remaining above target. The article argues that U.S. policymakers may be overly concerned with downside risks and suggests that the Fed might learn from the RBA’s responsiveness to current economic conditions.

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