Epstein Secrets

Secondaries (announced/priced): KIPS, TEG GY IPO's: N/A Key Research: Barcap upgrades DUK/NI/OFS & initiates BSMX (ew), Evercore initiates T (ew), Piper cuts CF & upgrades CF, Key Research: GS upgrades EV and DELL (buy) & downgrades JNS/ELYJQLGC (sell's), DB upgrades IGT/TOT (buys), MS upgrades WSM

OILT ($600M), NTAP, TBBK ($100M) Other Newspaper Articles & Stories Barron's cover: Discusses philanthropy in America Barron's Barron's positive: Liberty Media (LMCA) Barron's, Transocean (RIG) Barron's HomeTrust Bancshares (HTBI) Barron's WSJ cautious: Netflix (NFLX) WSJ EFTA00400428 • Global Gas Push

uarie initiates MMI (op), Stifel initiates JPM (hold) & downgrades ARO, Wells downgrades KNX Key Research: Citadel upgrades UTHR & downgrades SVNT, Piper assumes AHII (ow) & TOMO (neutral) Key Research: Piper initiates LH/MWIV/INMD (ow's) & DVA/AMSG/WOOF/DGX (neuts) & PETS (uw), UBS downgrades PDCO

75.20 (+0.14%) Crude $98.97 (+53c) Gold $1500.80 (+$8.30) ***Options Expiration Today, ANN reports pre-open*** Barnes & Noble gets proposal from Liberty Media to buy company for $17/share cash (20.1% premium) Gap Q1 profit slides 23% on lower comps and margins (cuts full year forecast) (trading -15%) Ae

Research: • Cowen initiates AMAT/ASMUBRCM/IMOSTTER (op's) & INTC/KLAC/LRCX/SNDK/TN (neut's) ••• GS reinstates AXLUPPG (neut's), ISI upgrades LIFE, Piper assumes VCLK (neut), Bofa upgrades ZNGA (buy) EFTA00396307 ••• Lazard initiates RPRX/NBIXNNDA (buy's), Mizuho upgrades APKT, Opco upgrades CFR & c

K Jan services unexpectedly grew at fastest pace in 4 months (51.5 from 48.9 in December) • Virgin Media confirms FT story that it is in talks with Liberty Media on possible transaction (trading +14.9%) • KPN FY slight below, Q4 EBITDA light, revs ahead, announce $4bn right issue to cut debt and invest in op