Plus: David Protein faces class action lawsuit for understating calories as much as 83%, Qatari investors eye Papa John’s, and is the slop bowl era over?
Plus: Ackman's Pershing Square files for IPO on the NYSE, Oracle rips 9% after-hours, and former Goldman CEO Lloyd Blankfein on DEI.
Plus: Anthropic sues White House, hedge fund war for talent is heating up, and Goldman, Citi, and Morgan Stanley letting staff in UAE relocate.
Plus: Bank stocks selling off, emerging market stocks are place to be, Kalshi eyes $20B valuation and United Airlines bans passengers who refuse to wear headphones.
Plus: Baby-faced bankers could face termination over viral interview (FAFO), new Berkshire CEO investing his entire pay package in company stock, and OpenAI feuds with Anthropic.
Plus: AI and the next phase of the software cycle and how to build charisma.
Plus: Morgan Stanley is laying off 2,500 employees, Apple drops $599 MacBook, and Nvidia done investing in OpenAI?
Plus: Capital Group, KKR launch first PE fund for everyday investors, Blackstone employees buying the private credit dip, and Anduril valued at $16B in a round led by a16z/Thrive.
Plus: Dimon says AI could shrink the workweek to four days, oil prices jump most since 2022, Zuck buys $170M Miami house, and the most socially useful way to spend a $1B.
Plus: Trump blacklists Anthropic, OpenAI raises $110B at $730B valuation, Moelis banker to plead guilty in insider trading case, and 42% of restaurants did not turn a profit last year.
Plus: Netflix bows out of WBD deal, Nvidia sinks 5% despite beating earnings, and are we seeing 2008 vibes from private credit?
Plus: Another Nvidia earnings beat, UBS warns private credit default rates could hit 15%, and private equity’s risky $1.1 billion bet on hospice care.
