Friday links: a public-private divergence

MarketsThere is a bull market in bombs and ammo. (ft.com)Still no signs of stress in the high yield bond market. (stockmarkettv.com)IPOsCrypto companies, like BitGO ($BTGO), are still going public. (wsj.com)EquipmentShare.com ($EQPT) just went public. (barrons.com)FinanceStartups are increasingly selling to other startups. (pitchbook.com)Capital One ($COF) is buying Brex. (news.crunchbase.com)The TikTok deal is done. (axios.com)AIA look at the interlocking deals that make up the AI industry. (bloomberg.com)How is Apple ($AAPL) going to implement AI on the iPhone? (spyglass.org)Think twice before giving OpenAI your confidential health info. (theverge.com)10 lessons from AI coding agents. (arstechnica.com)Anguilla is making bank on .ai domains. (sherwood.news)Earlier on Abnormal ReturnsPodcast links: the future of football. (abnormalreturns.com)What you missed in our Thursday linkfest. (abnormalreturns.com)Longform links: harvesting knowledge. (abnormalreturns.com)Is enshittification th