Live from the Nasdaq Marketside in the heart of New York City's Times Square, this is

fast money. Here's what's on tap tonight. A streaming glitch shares a Netflix dropping

as its finance chief warns its new ad tier hasn't beefed up its revenues quite yet. Will

the company be able to figure out this one piece of the streaming puzzle or shares in

for a permanent chill? Plus, armed and ready, we are counting down to the biggest IPO of

the year. What can we expect when armed trades tomorrow and what kind of precedent will

it set for future deals? And later, DC takes on AI, Elon Musk, Mark Zuckerberg, Sundar

Pichai, among the tech execs on Capitol Hill today as lawmakers explore potential regulation

of this industry, what they had to say and what they hoped to accomplish. I'm Melissa

Lee coming live from Studio B at the Nasdaq Marketside on the desk tonight, Bono and

Ice and Karen Fighterman, C. Grasso, and our special guests tonight, Lori Kalassina

head of US Equity Strategy at RBC Capital Markets. Welcome, Lori. We start off with some

breaking news in the RM IPO. Leslie Pickers got the details. Leslie, hey, Melissa,

arm pricing, it's IPO at $51 per share. That is at the high end of the range, implying

an offering size of about $4.9 billion and a fully diluted valuation of $54.5 billion.

All of that, according to a source familiar with the matter. Earlier in the hour, we were

told that arm and its advisors were leaning toward a $52 per share IPO pricing and that

was pretty much baked in, but over the course of the hour, with those pricing discussions,

ultimately took a more conservative approach at that $51 per share, which is at the high

end of the range, but not above it. So $51 per share for this offering, I'm told by

a person familiar with the matter that there should be a release out momentarily that says

that $51 number. But again, largest IPO in several years, and it will be a much anticipated

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