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LIV Golf might be saved.
BC Partners Credit is in talks to lead the life-line styled financing.
Microsoft just disclosed that ~70% of its AI revenue comes from OpenAI.
Microsoft recorded $24.1B in OpenAI sales in the year ended June, out of ~$34B in total AI revenue. The disclosure may be tied to OpenAI's IPO plans.
$MSFT
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Citadel led hedge funds during a rocky month of July:
Citadel is up 5.9% in July following the deal to buy Situational Awareness, bucking the trend of hedge funds that dramatically underperformed in July:
The Ellisons are set for a hefty bill.
With a Paramount/Warner Bros Discovery antitrust trial set for March, Paramount will have to pay $7 million a day (roughly $1.2-1.3 Billion depending on when the trial ends) to Warner Bros because of the closing delay.
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Polymarket is in talks to raise $1 Billion in fresh capital at a valuation of more than $20 Billion
Law firm Jackson Walker has agreed to pay a $15 million settlement following a relationship scandal that took down U.S. Bankruptcy Judge David Jones
Bending Spoons is acquiring Airtable for $1.285 Billion.
Airtable had raised over $1.4B over multiple funding rounds since 2013.
At its peak in 2021, it was valued at over $11 Billion.
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JPMorgan vows to pour $750B into US housing over the next decade.
That's nearly 40% more than the prior 10 years and will finance 1M affordable housing units plus help 500,000 people buy homes.
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Citadel Securities sees $500B+ of AI chip debt coming by 2028.
Most issuance would be 3-5 year to match chip lifespan, and chip-makers alone are estimated to issue $250B+ in 2028.
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It's official.
Apollo has named Austin as its new strategic hub "built around innovation and emerging technology"
The Austin hub will "incubate emerging and new businesses across the asset management and retirement solutions platform"
$APO
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U.S. Mens Soccer Coach Mauricio Pochettino has signed to a new contract that keeps him as the #USMNT# Head Coach through the 2030 World Cup.
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85% of finance workers admit to faking productivity at work; the most performative industry compared to other surveyed participants
AstraZeneca is considering a deal to merge with Bristol Myers Squibb, according to the FT.
The combined company would be worth $400 Billion.
FIFA has cancelled its plan to sell a stake in the World Cup following significant backlash
Federal Reserve Chair Kevin Warsh is considering reducing the frequency of scheduled Fed policy meetings - NYT
Reddit is tanking today after revealing choppy search traffic.
Is AI finally negatively impacting reddit searches?
$RDDT
LinkedIn has added a “Seems like AI slop” button to combat rampant AI usage on the platform
Jersey Mike's Subs priced at $23/share, opening above $21/share and trading up solana:Ht37N5irm6ZMkUmg1edggZDs2gHzuKx7sgyePe27pump
The IPO raised $1B.
