Pagaya Technologies Ltd. is trading 7% up at $16.50 after announcing the successful completion of an upsized $800 million AAA-rated personal loan asset-backed security (ABS) transaction today. - The transaction, which saw participation from 39 distinct investors, brings Pagaya's year-to-date personal loan ABS issuance to nearly $4 billion, highlighting strong demand for its AI-driven assets. - This positive company-specific news coincides with a broad risk-on rally in the market, fueled by easing U.S.-Iran tensions and continued optimism over Pagaya's raised 2026 guidance.