TLDR

MARKET RECAP → The S&P 500 (VOO) and Nasdaq (QQQ) clocked their second consecutive day of gains Monday as surging chip stocks like NVIDIA (NVDA) lifted the broader market higher.

DISNEY AND FUBOTV MERGE LIVE TV SERVICES → 📰 Disney (DIS) and FuboTV announced a merger of Hulu + Live TV and Fubo’s platform, creating a comprehensive live TV service while resolving antitrust disputes over Venu Sports. The news catapulted Fubo’s stock over 250% higher following the news (!).

TRUDEAU RESIGNS → Canada’s Justin Trudeau stepped down as Liberal Party leader following sinking support, a split with Deputy PM Chrystia Freeland over U.S. trade, and mounting opposition pressure ahead of elections.

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MARKETS

Today’s S&P 500 Heatmap

Notable Earnings This Week

TODAY’S TOP NEWS

Disney and FuboTV Merge Live TV Services

Strategic Merger Announced: 📰 Disney (DIS) and FuboTV have agreed to merge Hulu + Live TV with Fubo's sports streaming platform, aiming to create a comprehensive live TV service.

Ownership and Management Structure: 💼 In this deal, Disney will hold a 70% stake in the combined entity, which will continue to trade publicly under the Fubo name, managed by Fubo's current leadership team.

Resolution of Legal Disputes: ⚖️ The merger also resolves existing litigation between Fubo and Disney concerning the proposed Venu Sports streaming service, which Fubo had previously contested on antitrust grounds.

TODAY’S TOP NEWS

Trudeau Resigns

🛑 Stepping Down But Staying Temporarily: Prime Minister Justin Trudeau announced his resignation as leader of Canada's Liberal Party but will remain PM until a new leader is chosen. This decision comes after plummeting popularity and internal party fractures, with parliament prorogued until March.

📉 Political Crisis Deepens: Trudeau faced mounting challenges, including the December resignation of Deputy PM Chrystia Freeland over differing approaches to U.S. trade nationalism under Trump. With Liberal support dropping to 16% and a surging Conservative opposition, Trudeau faced significant pressure from allies and critics alike.

🌎 Economic and Diplomatic Strains: Freeland cited Trump's potential 25% tariffs and "America First" rhetoric as critical threats to Canada. Trudeau’s tenure saw economic struggles, including rising unemployment, high debt, and dependence on U.S. trade, further complicating the Liberals' position as an election looms.

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