PerkinElmer (NYSE: PKI) agreed to acquire San Diego-based antibodies developer BioLegend for $5.25 billion in cash ($2.2b) and stock.

Why it matters: Antibodies have been key research tools for studying COVID-19 and its troublesome variants.

Companies have been reporting earnings growth that's way up — even overshooting expectations put out by Wall Street’s analysts.

Why it matters: Earnings growth is the key driver of stock prices.

It's not enough to invest in sustainable businesses. Instead, asset managers sometimes have a legal responsibility to actively influence the sustainability outcomes of the businesses they invest in. That's the message of new analysis from law firm Freshfields Bruckhaus Deringer.

Why it matters: Large investors at insurers, pension funds, and non-ESG mutual funds are understandably very conservative when it comes to changing the way in which they invest the trillions of dollars under their control. A sober 564-page presentation from a major law firm is exactly the sort of thing to help them change their ways.

Clearview AI, a New York-based provider of facial recognition tech to law enforcement, raised $30 million in Series B funding. The company is under investigation for possible privacy violations in the U.K. and Australia, and also is the subject of several class-action lawsuits.

Why it matters: Clearview AI says that new investors have asked not to be publicly identified, as they apparently lack the courage of their checkbooks. Existing backers, via a $7 million Series A round, included Peter Thiel, Kirenaga Partners, Hal Lambert and Andrew Vigneault.

It's one of the biggest competitions out there: Who will be the go-to platform for buying and selling stock in private companies? A consortium of giant banks is now teaming up with Nasdaq to try to ensure that the answer is to be found on Wall Street, rather than in Silicon Valley.

Why it matters: No matter how many companies go public, the total valuation of private companies only ever seems to go up rather than down. Which means there's big money to be made in trading stakes in those companies.

Treasury yields have been falling, and yet stock prices remain near record highs. On the surface, this seems like conflicting attitudes toward risk. But a closer look at these markets reveals a much more consistent narrative.

Why it matters: Since March, long-term Treasury yields have been sliding, with the 10-year yield falling from 1.74% in late March to as low as 1.13% on Monday.

Robinhood wants to lure the retail investors who used its no-fee trading app to set off an at-home trading phenomenon to its soon-to-be listed stock.

Driving the news: It will livestream part of its roadshow on Saturday, with a presentation and Q&A session with CEO Vlad Tenev.

Netflix on Tuesday said it added just 1.54 million subscribers this quarter, its lowest number of subscriber additions in years. The company also missed Wall Street expectations on earnings per share.

Why it matters: Investors were expecting low Q2 subscriber numbers, per Netflix's own guidance. What likely sent the stock sinking in the first few minutes following earnings was weak guidance again for the next quarter, when Netflix anticipates adding just 3.5 million subscribers.

Even with Monday’s stock market swoon, the S&P 500 could still rally to 5,000 within the next two years.

Why it matters: A big round number like 5,000 may seem like a stretch. But it's really not if you consider the historical precedents and the fundamentals, which support the case for reaching that milestone from its 4,258 close on Monday.

Bank of America may be loosening its stance on bitcoin.

Driving the news: Bank of America has approved the trading of cash-settled bitcoin futures for some clients, Coindesk’s Will Canny and Tanzeel Akhtar report.