JPMorgan has been appointed alongside Bank of America, Barclays and Citigroup to lead Apollo Global Management’s potential $14 billion Tenneco initial public offering. The Northville-based auto parts manufacturer is considering a full or partial float after projecting over $2 billion in EBITDA this year, roughly double its pre-acquisition level.

JPMorgan and Morgan Stanley are spearheading a potential $13 billion financing package for Meta’s El Paso AI-focused data center, with most funding via debt and a smaller equity component. The project follows last year’s $27 billion debt raise for a Louisiana site and marks another mega-deal in tech infrastructure financing.

JPMorgan strategist Mislav Matejka warns that narrow market breadth masks underlying fragility but sees supportive pillars in strong earnings growth and constructive policy. He recommends using market weakness to add positions over three-, six- and 12-month horizons, with a preference for international and emerging markets.