'There's A Ton of Dry Powder': Latham & Watkins' Kelly
Alex Kelly, global co-chair of the M&A and Private Equity Practice at Latham & Watkins, joins Dani Burger on "Bloomberg Deals." They speak at the SuperReturn conference in Berlin.
Alex Kelly, global co-chair of the M&A and Private Equity Practice at Latham & Watkins, joins Dani Burger on "Bloomberg Deals." They speak at the SuperReturn conference in Berlin.
President Donald Trump said he would not reauthorize the US's trade deal with Canada and Mexico. "I'm not looking to renew it," Trump told reporters Wednesday at the White House. "We don't need anything that Canada has, we don't need anything that Mexico has, but they need everything that we have, and they have to treat us better."
A Los Angeles County Superior Court jury has ordered Johnson & Johnson (NYSE:JNJ) to pay $32 million to the family of a California woman who died from pleural mesothelioma, concluding that her fatal cancer was directly caused by decades of exposure to asbestos-contaminated talc in the company's iconic baby powder.
Bond traders maintained bets that the Federal Reserve will raise interest rates by the end of the year, even after a soft US core inflation reading eased pressure on Chairman Kevin Warsh to act sooner. Sree Kochugovindan, Senior Research Economist at Aberdeen, discusses the path forward for the Fed, as well as what's in store for other central banks.
President Donald Trump congratulated Citigroup and CEO Jane Fraser for being the top adviser on mergers and acquisitions. But the bank is nowhere near the top of the list in the first quarter and has actually slipped. Todd Gillespie covers the bank for us.
A California state court judge has denied post-trial motions by Meta Platforms (NASDAQ:META) and Google’s (NASDAQ:GOOGL) YouTube seeking a new trial, upholding a landmark jury verdict that found the tech giants liable for intentionally designing addictive features that harm the mental health of youth.
The central bank maintained its policy rate at 2.25% for a fifth consecutive time, matching expectations of markets and forecasters, as the economy remains weak and the global oil shock drives up inflation. Bank of Canada Governor Tiff Macklem says policymakers are committed to keeping inflation low and stable over time.
Wall Street has spent months debating how much SpaceX is worth. Behind the scenes, a different challenge has occupied the institutions responsible for bringing it public: preparing the plumbing systems needed to support what could become the largest IPO in history. Bloomberg Technology Co-Host, Ed Ludlow, discusses the IPO and what to expect ahead of SpaceX's Friday trading debut.
US inflation accelerated in May to the fastest pace in more than three years as the Iran war pushed up energy prices, outstripping Americans' pay gains. Tiffany Wilding, Economist: North America at PIMCO, reacts to the May CPI report.
On this episode of Stock Movers with Alexis Christoforous: - Cracker Barrel (CRBL) is rising after the restaurant chain boosted its revenue guidance for the full year, beating the average analyst estimate. Short interest is about 27% of float, according to S3 Partners data. - Chewy (CHWY) shares are up after the online retailer of pet food and pet-related products reported better-than-expected first quarter results. Management cut the full year net sales outlook, but maintained its adjusted Ebitda margin guidance. - FedEx Freight (FDXF) is sliding after Amazon expanded its LTL freight offering to all destinations in the US, including third-party warehouses, distribution centers and retail partners.
"The year of the IPO is definitely on," Martin Brand, head of Blackstone Capital Partners, says while speaking with Bloomberg's Dani Burger at the SuperReturn International Conference in Berlin.
Pimco Economist Tiffany Wilding doesn't expect the Federal Reserve to move its inflation target of 2%. She also thinks the Fed will drop its forward guidance at the next meeting. She speaks on "Bloomberg Surveillance."