The architect behind some of 2025’s biggest consumer deals just got a major promotion. Goldman Sachs (GS) has named Ben Frost as the new Chairman of Investment Banking. Frost, who joined the firm as a partner in 2018, previously co-headed the Global Consumer Retail Group, a franchise that has ranked #1 globally for the last...
The company that killed Blockbuster is now buying the biggest studio in Hollywood. Netflix (NFLX) co-CEOs Ted Sarandos and Greg Peters went on the defensive today, justifying their massive $82.7 billion all-cash offer for Warner Bros Discovery’s (WBD) studio and streaming assets. The move marks a stunning reversal of Netflix’s long-standing “build, don’t buy” philosophy....
The global oil market is facing a significant supply disruption from Central Asia. Oil prices ticked higher on Wednesday as Chevron-led Tengizchevroil (TCO) declared Force Majeure on crude deliveries. The market is digesting a “double whammy” of upstream power failures and midstream bottlenecks that has taken significant barrels offline. 📉 THE OUTAGE DETAILS: 🔄 HISTORIC...
The “Nordic Exodus” from US debt is accelerating, and the numbers are getting serious. Just 24 hours after a Danish pension fund announced a $100M exit, Swedish giant Alecta has confirmed it has sold the “majority” of its US Treasury holdings over the last year. Reports from Dagens Industri estimate the sell-off at 70-80 billion...
The recycling of petrodollars into future-proof infrastructure continues at the World Economic Forum. SOFAZ (State Oil Fund of the Republic of Azerbaijan) and Brookfield Asset Management have signed a strategic cooperation agreement worth up to $1.4 billion. The deal, finalized in Davos, cements Brookfield’s status as a preferred partner for sovereign capital seeking deployment in...
The “abrdn” era is officially over, and the market likes what it sees. Aberdeen (ABDN)—which ditched its controversial vowel-less branding last year—reported better-than-expected flows and a 9% jump in managed assets to £556 billion ($747B) on Wednesday. The update adds to growing evidence that UK active managers are stabilizing after years of pressure from US...