Highlights:

• Bullishness Remains High - Is Trouble Ahead? Global fund managers are sitting on near-record low levels of cash, which contrarian analysts view as a potential red flag. Bloomberg Wealth

• Morgan Stanley Slashes Prices for Clients Trading Private Shares Morgan Stanley cut pricing in half on its EquityZen platform for private share trading to compete in the growing market. Bloomberg Industries

• Cristiano Ronaldo Puts $7.5 Million Into Herbalife Health Platform Ronaldo invested in a digital health and wellness platform owned by Herbalife. Bloomberg Industries

• Where to Invest $1 Million: Critical Minerals, Quality Stocks, Gold — and Red Wine Four investment experts highlight promising areas amid market uncertainty. Bloomberg Wealth

• Kids Want Cheap Stuff, and Lots of It. Five Below Delivers Five Below captures youth spending with affordable designer dupes and collectibles. Bloomberg Industries

• Tesla and California Both Back Down in Spat Over Autopilot Tesla and California resolved their regulatory dispute over Autopilot. Bloomberg Industries

• Ares Plans Sports Fund for Rich Europeans Wanting to Own a Team Ares Management is expanding its sports investment strategy to wealthy Europeans following US success. Bloomberg Industries

• Amazon Dethrones Walmart as World's Biggest Company by Sales Amazon surpassed Walmart to become the largest global company by revenue. Bloomberg Wealth

• Walmart Offers Cautious Profit Guide on Trade, Labor Worries Walmart issued a full-year earnings forecast below Wall Street expectations, citing unpredictable consumer conditions. Bloomberg Industries

• Wall Street Bond-Trading Hub Tradeweb Strikes Deal With Kalshi Tradeweb Markets signed a deal to bring Kalshi's prediction markets to institutional investors. Bloomberg Wealth

• Avram Glazer Said to Weigh Bid for IPL Team Royal Challengers Bengaluru Manchester United co-owner Avram Glazer is reportedly bidding for Indian Premier League team Royal Challengers Bengaluru. Bloomberg Industries

• Six Flags Reports Muted 2025 Earnings as Park Attendance Drops Six Flags reported 2025 results slightly ahead of estimates while working to recover from declining attendance. Bloomberg Industries