Hey bb! Bill's mega SPAC is agreeing a $4 billion purchase of 10% of Universal Music. 🚀Thousands flock to crypto week in Miami to celebrate Bitcoin 🌴There's a semiconductor shortage and why that's sexy for your wallet 🍑

In other news…HSBC says ‘bye bye bye’ 👋🏽 to retail banking (wondering if they watched Dirty Money on Netflix?), why we all need a dose of Venus energy 🎾and Hailey Bieber is a Chere??? ⚡️

The largest SPAC deal on the horizon

Billionaire William Ackman’s acquisition company is negotiating a deal that would see it take a 10% stake in Universal Music Group. 🎧 The news was confirmed on Friday. If the ~$40 billion deal is completed, it would be the largest SPAC transaction on record! Universal, the world’s largest music group, counts artists such as, Billie Eilish, the Weeknd, Lady Gaga, and Taylor Swift, under its label. "Universal Music Group is one of the greatest businesses in the world," Ackman said in a press release, adding his target was "the world's leading music company, with a royalty on the growing demand for music."

Wondering what a SPAC is? Think of it as a “blank check company” that offers an alternative way for firms to go public. A SPAC raises money through the IPO process, and then merges with a private company and takes it public.Brb…envisioning our friends investing in their favorite artists 🥺💗

Nvidia's stock keeps rising

There is a major semiconductor chips shortage worldwide 😳Meaning semiconductor companies are doing everything it takes to meet demand. 📉📈 Nvidia's stock exploded...up 82% over last 12 months. The company, one of the largest chip enterprises in the world, is likely to have a 4:1 stock split on June 21st. 💎This means, instead of paying $650/share you will now be able to purchase one share for $162. Seems like they're doing well given the supply and demand curves competitors are looking to meet. 😉

Quick News Bites

Bitcoin 2021 draws thousands to Miami

The New York Times couldn't paint a better picture: “It was the largest Bitcoin event in the world and the first major in-person crypto conference since the pandemic started. The jargon, the liquor and the millionaire talk flowed.”Ouuff, that sounds lavish and we're feeling the fomo. 🤩It was held on Saturday at the Mana Convention Center in Wynwood - the area's booming arts district. While the event was capped at 13,000 tickets, it drew in much more. The event featured keynote speakers such as Twitter CEO Jack Dorsey and Bitcoin pioneer Nick Szabo.Catch 'em vibes by reading more about it here.

HSBC calls it quits

HSBC quits retail banking because of Netflix…We're totally kidding but did y'all watch that ‘Dirty Money’ episode 👀? In all seriousness, HSBC is exiting U.S. retail and small business banking 💵The London-based lender will sell 90 of its 148 branches in the U.S. to Citizens Bank and Cathay Bank, while winding down another 35 to 40 branches. It will also convert 20-25 locations into international wealth centers. Porque, you ask? 🤠The wealth centers gave it way. The banking giant is shifting its focus to wealth management and international banking, particularly in Asia, noting the U.S. mass retail operations “lacked the scale to compete.” HSBC previously announced it would cut 35,000 jobs globally as part of its restructuring plans. 😞

Venus drops the mic at the U.S. Open 🎾

AND THAT'S ON PERIODT. Queen Vee brought it when asked about how she deals with the press during last week's round of media runs. Since Naomi Osaka was fined for not talking to the press due to her mental health, there's been a lot of talk about the tennis press at Roland Garros recently.

Venus is used to the French Open press, having participated in the tournaments since 1997, only missing one in 2011.

“For me personally, how I deal with it was that I know every single person asking me a question can’t play as well as I can. And never will,” she said.

Hold up…what am I reading, who are you, and what have you done to my investing knowledge? You're blowing my mind.

BB, chill…I know you want me but get in line.

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