25.05.10 WSJ

1. Macroeconomics

Title: Jobless Claims Fell Last Week
Source: The Wall Street Journal
Date: May 8 2025
Key Takeaways

• Initial filings declined to 228 k for the week ended May 3, down 13 k from the prior reading, underscoring a still-resilient labor market despite tariff-driven growth headwinds. 
• Economists had penciled in 230 k claims; the beat suggests layoffs remain contained even as Q1 GDP slipped into negative territory. 
• Continuing claims edged lower, hinting that displaced workers are finding new jobs quickly.
• Solid employment data may keep the Fed on hold longer, complicating hopes for a near-term rate-cut pivot. 
  Link: https://www.wsj.com/economy/jobs/jobless-claims-fell-last-week-979a98be

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2. M&A / Private Equity

Title: DoorDash to Buy Deliveroo in $3.86 Billion Deal
Source: The Wall Street Journal
Date: May 7 2025
Key Takeaways

• DoorDash will acquire U.K.-listed Deliveroo for £2.9 bn (~$3.86 bn) in cash-and-stock, expanding its footprint to 40+ countries and 50 m monthly users. 
• Offer represents a 44 % premium to Deliveroo’s last close; integration is expected to triple DoorDash’s international GMV without overlapping its Wolt subsidiary. 
• Management targets £250 m run-rate synergies via procurement, ad-tech and logistics optimisation; closing slated for 1H 2026 pending CMA/EU approvals. 
• Deal highlights a rebound in cross-border consumer-tech M&A as acquirers hunt scale and geographic diversification amid muted IPO markets. 
  Link: https://www.wsj.com/business/deals/doordash-buys-deliveroo-for-3-86-billion-35072945

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3. Opinion

Title: Trump’s Mean Tweet
Author: James Freeman
Source: The Wall Street Journal – Opinion
Date: May 9 2025
Key Takeaways

• Freeman argues President Trump’s social-media threat of a high-earner tax hike would punish entrepreneurial success and undermine growth. 
• He warns such rhetoric alienates the party’s pro-market base and could spook investors already uneasy over tariff policy. 
• The column notes past GOP political damage from tax reversals (e.g., Bush 41) and contends history would repeat if Republicans embrace higher rates.
• Freeman urges lawmakers to focus on spending restraint and pro-growth reforms rather than populist tax gestures.
  Link: https://www.wsj.com/opinion/trumps-mean-tweet-a269eef1