Microsoft to Raise $25 Billion Through Bond Issuance; Marvell Tech in Talks to Acquire Lumentum

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Microsoft announced a project with a $25 billion bond issuance in 10 tranches, its first since 2017. Separately, Marvell Technology is in advanced discussions for a partnership announcement with Lumentum, a leading optical communications company, with a deal expected next week.

Odaily Planet Daily report: On October 29, the following key financial news from the U.S. stock market deserves investors' attention:

1. The three major U.S. stock index futures all declined. The Dow Jones Industrial Average futures fell 0.33%, the S&P 500 futures dropped 0.44%, and the Nasdaq 100 futures slid 1.28%.

2. International oil prices declined collectively. WTI crude oil futures fell 0.78% to $101.979 per barrel; Brent crude oil futures fell 0.90% to $110.632 per barrel.

3. International spot gold and silver both declined. Spot gold fell 0.91% to $4,030.21 per ounce; spot silver dropped 2.43% to $52.63 per ounce.

4. All three major European stock indices rose. The UK FTSE 100 increased by 0.43%, the French CAC 40 rose by 0.63%, and the German DAX 30 gained 0.86%.

5. Microsoft has launched its first series of U.S. investment-grade bond offerings since 2017. The company aims to raise at least $25 billion through this U.S. dollar bond issuance.

6. Marvell Technology is in advanced negotiations to acquire optical communications leader Lumentum, with the deal potentially announced as early as next week. This potential acquisition could help Marvell expand its optical technology offerings for AI infrastructure.

7. Eli Lilly rose more than 5% in premarket trading after reporting third-quarter earnings above market expectations and raising its full-year revenue guidance to $91 billion to $92 billion.

8. Apple officially released the new MacBook Pro, introducing touch functionality for the first time in the Mac lineup and featuring the all-new ProMotion XDR display. The M5 Pro 14-inch model starts at $2,899.

9. Amazon intensified its focus on smart home devices, launching five new products centered around the Alexa AI assistant. Among them, the 16-inch smart display, Echo Show 16, starts at $499.99, directly competing with Apple’s HomeView, priced at $299.

10. Event prediction platform Kalshi has completed a $1 billion Series G funding round, reaching a post-money valuation of $40 billion.

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