Blackstone Group has become one of the biggest buyers of a type of bank loan that has become a lifeline for the private-equity industry, exposing the company to risks generated by its own business. The world’s largest buyout group, which…
Rep. Lloyd Doggett, D-Texas, makes his way to House votes in the U.S. Capitol on Wednesday, June 5, 2024. Tom Williams | Cq-roll Call, Inc. | Getty Images Rep. Lloyd Doggett of Texas urged President Joe Biden on Tuesday to…
The organization left behind the racist slur “redskins” as its name and retired the logo that was closely tied to that name: the profile of a Native man with long hair and two feathers. Now, a white Republican U.S. senator…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Paramount has resumed merger talks with independent production studio Skydance Media just weeks after an earlier deal fell apart at the…
Shari Redstone, president of National Amusements, speaks at the WSJ Tech Live conference in Laguna Beach, California, on Oct. 21, 2019. Mike Blake | Reuters David Ellison’s Skydance has reached a preliminary deal with Shari Redstone’s National Amusements to merge…
Eli Lilly & Co.’s Alzheimer’s treatment was cleared in the US as the second drug to slow progression of the mind-robbing disease that afflicts 6 million Americans. It’s a big win for Lilly and its investors, who have been eagerly…
Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House Beijing and Manila have held talks to manage tensions over a South China Sea reef that has…
Traders expect the Federal Reserve could start cutting rates as soon as September, sending returns on cash lower, but a few places still offer yields exceeding 5% to those willing to park their money. To that effect, Marcus by Goldman…
Say what you will about Tom Brady, but there’s no undercutting his singularity—or the endless fascination with how he “gets it done”. During his momentous football career, the longtime New England Patriots quarterback won seven Super Bowl rings—the most of…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak’s carefully stage-managed campaign tour made its penultimate odyssey through England on Tuesday, as the UK prime minister presented…