Google's recent $32 billion acquisition of Wiz has successfully passed the Department of Justice's antitrust review, as confirmed by Wiz's CEO in an interview with the Wall Street Journal. This deal is significant as it not only strengthens Google's position in the cloud computing market but also showcases its commitment to innovation and growth in the tech industry. The approval from the DOJ indicates a positive outlook for large tech mergers, potentially paving the way for more collaborations in the future.

Novo Nordisk's potential acquisition of Metsera is under scrutiny as the Federal Trade Commission (FTC) warns that it may violate premerger regulations. This situation is significant because it highlights the ongoing challenges companies face in navigating regulatory frameworks, especially in the pharmaceutical industry, where mergers can impact market competition and consumer access to medications.

Investors are feeling uneasy as the S&P 500 and Nasdaq experienced their largest one-day declines in weeks, following announcements from major tech companies about their AI spending plans for 2026.

Wall Street is currently focused on a select group of big tech companies driving an AI-powered rally in US equities. Despite concerns about market breadth, investors appear unconcerned as they ride the wave of innovation and growth these companies represent. This trend highlights the ongoing fascination with technology's potential to reshape the economy, even if it means relying on a few key players.