# Daily Markets Briefing — 2026-04-13

**Alex:** Welcome to your daily markets briefing. I'm Alex, here with Jordan to dive into the latest market movements and economic trends.

**Jordan:** Thanks for having me, Alex. There's a lot happening, so let's get right to it.

**Alex:** Let's start with our Allen Focus Names. I heard AI21 Labs is back in acquisition talks, this time with Nebius? What’s the story there?

**Jordan:** Yes, AI21 Labs, the Israeli startup previously valued between $2 billion and $3 billion, is reportedly discussing a deal with Nebius after talks with Nvidia didn’t pan out.

**Alex:** Interesting pivot. Speaking of big valuations, Anthropic just completed a secondary share sale, right? How did that go?

**Jordan:** They did, though some investors couldn't buy as many shares as they wanted. Anthropic is now valued at $350 billion and is preparing for an IPO, possibly later this year.

**Alex:** That’s huge. And they’re limiting the release of their new AI model, Mythos, to major tech firms to avoid misuse?

**Jordan:** Exactly. They want to prevent potential cyberattacks, so Mythos is being released cautiously to trusted partners only.

**Alex:** Moving on, Canva has been busy with acquisitions. What can you tell us about Simtheory and Ortto?

**Jordan:** Canva acquired both companies to boost their AI and marketing capabilities, aiming to expand from just design into campaign scaling and workflow enhancements.

**Alex:** Sounds like a smart move to enhance their platform. How about Instacart? I heard Raymond James upgraded them?

**Jordan:** Right, Instacart was upgraded to Outperform with a $50 price target. Raymond James is bullish because of the grocery e-commerce growth and the launch of their Cart Assistant feature.

**Alex:** Cart Assistant seems to be a game changer for them. Chewy is also making moves—what’s happening there?

**Jordan:** Chewy is acquiring Modern Animal to expand its veterinary platform, expecting over $125 million in additional annual revenue. This deal should be accretive to earnings within the first year post-close.

**Alex:** That’s a solid expansion strategy. Datadog also got an upgrade, right?

**Jordan:** Yes, Guggenheim upgraded Datadog to Buy with a $175 price target, citing its strong position in AI-driven growth of data volumes.

**Alex:** The AI theme really is everywhere. On the flip side, Disney is planning layoffs?

**Jordan:** Correct. Under CEO Josh D’Amaro, Disney is planning significant layoffs to adapt to the competitive streaming market and reduced box office returns.

**Alex:** Tough but maybe necessary given the changing landscape. Now, in our Event Driven segment, what’s the update on Seven & i's US convenience-store IPO?

**Jordan:** Seven & i delayed the IPO to focus on improving business performance amid uncertain market conditions.

**Alex:** Makes sense to hold off during volatility. And General Atlantic just completed an acquisition?

**Jordan:** Yes, they acquired Team S