-- The S&P 500 and Nasdaq Composite were up, while the Dow Jones Industrial Average was down in late-morning trading on Friday as investors weighed the latest inflation data that came in below expectations.
The US seasonally adjusted consumer price index rose by 3.3% year over year and 0.9% sequentially in March, driven by rising energy prices due to the war in Iran. Core CPI, which excludes food and energy prices, rose 0.2% sequentially, below expectations, and 2.6% year over year.
CoreWeave (CRWV) said Friday it has signed a multi-year agreement to provide Amazon-backed (AMZN) Anthropic with its cloud platform to run workloads through its data centers beginning later this year. Financial terms of the deal were not disclosed. CoreWeave also said it priced an upsized $3.5 billion private offering of 1.75% convertible senior notes due 2032, up from a previously announced $3 billion. CoreWeave shares were up 12.8% around midday, while Amazon shares were up 2.4%.
Taiwan Semiconductor Manufacturing (TSM) reported Q1 net revenue Friday of 1.134 trillion New Taiwan dollars ($35.69 billion), up from NT$839.25 billion a year ago. TSMC shares were up 2.8%.
Organon (OGN) is closing in on a deal to be acquired by Sun Pharmaceutical Industries for $12 billion, The Economic Times reported Friday, citing sources with knowledge of the proposed transaction. Organon shares were up 26.9%.
Ares Management (ARES) is planning to launch a flagship US direct lending fund with a preliminary target size of about $20 billion, significantly smaller than its previous record-breaking investment vehicle of $33.6 billion, Bloomberg reported Friday, citing people with knowledge of the matter. Ares shares were down 4.2%.
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