5 things to know before markets open on Monday

President Donald Trump said over the weekend that there was “no need to rush” a deal to end the war with Iran. The president once again raised the possibility of further military conflict if an agreement is not reached.

Here’s the latest information:

The artificial intelligence boom has reset valuations for startups for a generation. As CNBC’s Hew Song reports, many people are being left for dead as technology takes hold.

PitchBook found that nearly half of U.S. unicorn startups haven’t raised funding in three years. Hundreds of companies that once boasted multibillion-dollar valuations, including The Farmer’s Dog and Glossier, are now considered “failed unicorns,” the company said.

According to Pitchbook, valuations of startups that last raised funding in 2021 fell by 68% on average. The average startup that last raised funding in 2022 saw its valuation drop by 52%.

Berkshire Hathaway I’m on a hunt. Omaha-based conglomerate agrees to acquisition taylor morrison home In a deal worth $6.8 billion.

Berkshire will pay $72.50 per share in cash, reflecting a 24% premium to the stock price that closed last week. As CNBC’s Yun Lee points out, the acquisition is one of the first major deals under new CEO Greg Abel and will further integrate the company into the real estate industry. Taylor Morrison shares are up about 22% in pre-market trading.

Admittedly, the deal came at less than ideal timing for investors. Berkshire’s B shares are currently trading below the stock price. S&P500 This is the biggest difference this year so far.

The retail industry had an unexpectedly strong first quarter. But as CNBC’s Gabriel Fonrouge reports, the sector’s big challenges are yet to come.

Consumers continued to spend in the face of rising gasoline prices and worsening economic conditions, but the expansion of tax refunds may have provided a cushion. Guidance from companies such as walmart and loss The loss of these refunds means shoppers could experience further financial pain in the near future.

Additionally, Moody’s Analytics found that the average U.S. household has paid nearly $450 more for energy since the war with Iran began. The total amount reaches approximately 60 billion dollars.

disney Home to the Super Bowl, Oscars, and Grammys, 2027 is set to be a big year for the advertising industry. Rita Ferro, the media giant’s global head of advertising, will lead the charge.

As CNBC’s Lillian Rizzo writes, Ferro is currently in advanced negotiations with advertisers. After nearly 30 years at Disney, Ferro found himself at the center of an industry that was reaffirming the importance of the advertising business.

Ferro told CNBC that fandom will be paramount to Disney’s portfolio. She also focuses on the company’s intellectual property and international arms.

Here’s what we’re looking at this week:

—CNBC’s Garrett Downs, Spencer Kimball, Matt Peterson, Sean Conlon, Yun Li, Li Yingshan, Hew Song, Gabriel Fonrouge, Deena Zaidi, Alex Crippen and Lillian Rizzo contributed to this report.

CJ Haddad helped produce this newsletter. Terry Cullen edited this version.