Stellantis' turnaround plan, prediction market regulation, Oura's IPO filing and more in Morning Squawk

In a significant move, Stellantis has announced an ambitious five-year investment plan totaling nearly $70 billion, aimed at achieving positive free cash flow by next year. The automaker, which is known for its Jeep brand, plans to introduce over 60 new vehicles and update 50 existing models under its initiative dubbed 'FaSTLAne 2030.' This strategy includes expanding the Chrysler brand beyond minivans and targeting a remarkable 35% sales growth in North America by 2030, driven by 60% growth in its Chrysler and Ram Truck lines. In the tech arena, CNBC has confirmed that Microsoft is exploring a collaboration to provide customized artificial intelligence chips to Anthropic. This potential partnership follows Microsoft's substantial $5 billion investment in the AI startup from November, marking a key step as Microsoft seeks to bolster its competitive edge against rivals like Amazon and Google. Meanwhile, the regulatory landscape for prediction markets has become contentious. A legal battle has erupted between state regulators and the Commodity Futures Trading Commission over who holds jurisdiction over these platforms. Currently, 16 states are involved in litigation regarding prediction markets, with the CFTC asserting its authority in this area. Adding to the mix, Oura, the smart ring manufacturer, has confidentially filed for an IPO. The company’s prospects look bright, as it is on track to surpass five million paid members this quarter, reflecting a dramatic fourfold increase in just two years. Oura was valued at $11 billion last October, and its public offering will depend on SEC review and market conditions. As the financial landscape evolves, investors will need to stay vigilant and informed about these developments that could shape the market in the coming months.