news

Saturday, August 29

World

James Cleverly steps down from shadow cabinet to run for London mayorFT · 54m
This Right-Wing Stronghold in Brazil Is Getting Pummeled by Trump’s TariffsWSJ · 2h

U.S. tariffs on machinery have weakened backing for conservative candidates in Brazil’s presidential election, hitting a region known as a right‑wing stronghold. The levies are reported to have undermined support for those candidates ahead of the vote.

Warsh charts a forward-looking path for the Fed at Jackson HoleFT · 2h
Russian Strike on Ukraine Ammo Depot Kills at Least 37WSJ · 2h
Trump says US to take control of 65bn barrels of Venezuelan oilFT · 4h
Warsh puts Fed on collision course with Trump ahead of midtermsFT · 6h
Dozens killed in Russian strike on ammunition depot near KyivFT · 7h
Swiss wealth managers urge delay to ownership register after Liechtenstein hackFT · 8h
Close to 3,000 Missing in Floods in Nepal and ChinaWSJ · 8h
Trump deportations take a bite out of an unexpected industry: US fast foodFT · 9h
US campaign to isolate Iran closes in on DubaiFT · 10h
What the Indiana state fair reveals about Trump’s AmericaFT · 11h
‘In a flash, everything was gone’: Nepal rushes to rescue flood survivorsFT · 13h
Risk of a new age of financial repression is risingFT · 15h

The risk of entering a new era of financial repression is said to be increasing, as the concept of compelling investors to absorb U.S. government bonds gains traction. Observers note that the notion of “pushing U.S. government bonds down the throats of investors” is being taken more seriously, suggesting a shift toward policies that could limit investment choices and keep yields low. The growing attention to this approach signals heightened concern over the potential for a sustained period of constrained financial markets.

Football clubs’ race for data creates bright spot in Britain labour marketFT · 15h
The end of cheap food has costs far beyond the grocery storeFT · 15h
Raphaël Glucksmann, the French left’s new hopeFT · 15h
Zero-sum thinking will fuel resentment and scarcityFT · 15h
How finance redeemed itselfFT · 15h
English wine reaps rewards of heatwave but extreme weather brings riskFT · 15h
Fancy lattes whip up their own mini investment boomFT · 15h
The brilliant trick behind Rome’s Big Four pastasFT · 15h
American Scoundrel — Roy Cohn’s long shadow over the White HouseFT · 15h

A new biography examines the career of attorney Roy Cohn, charting his rise from chief counsel to Senator Joseph McCarthy to his later role as a mentor to former President Donald Trump. The work argues that Cohn’s tactics and approach have left a lasting imprint on contemporary American politics, shaping the conduct of political figures and the broader political climate. The author describes Cohn’s influence as a “long shadow” that continues to affect the operations of the White House and the nation’s political discourse.

A pioneering voyage up Colombia’s greatest riverFT · 15h
FT stock picking game results: the unexpected triumph of fundamentalsFT · 15h
How Xi Jinping Turned Oil From a Weakness Into a Geopolitical WeaponWSJ · 16h
The Chinese brand that wants to lead Europe’s trail-running packFT · 18h
Drain on U.S. Munitions From Iran War Raises Fears Over Ability to Deter China, RussiaWSJ · 18h
U.S. to Take Control of Much of Venezuela’s Proven Oil ReservesWSJ · 18h
Kevin Warsh spoke — what did we learn? With Torsten SlokFT · 18h
Singapore Found a Way to Beat Gridlock, but Some Cars Cost as Much as Real EstateWSJ · 20h
Walmart to pay $50mn to settle opioid lawsuit with US justice departmentFT · 20h
Claudia Sheinbaum Is Taking More Control as U.S. Pressures MexicoWSJ · 21h
Death Toll Rises as Rescuers Search for Victims of Nepal FloodWSJ · 21h
Opinion | Close Unrwa, Not the Office Exposing ItWSJ · 21h
Opinion | A Food Crisis May Be Coming to the U.S.WSJ · 22h
A Core Egyptian Bank Gets Caught Up in Treasury’s Iran CrackdownWSJ · 23h
Oil Futures End Week Lower As More Oil Seen MovingWSJ · 23h

Business

40,000 Pounds of Pabst Blue Ribbon Beer Are Stolen in CaliforniaNYT · 49m

A truck carrying roughly 40,000 pounds of Pabst Blue Ribbon beer was reported stolen. The brewer announced on its social‑media channels that it has set a deadline for the return of the missing product. In its statement the company added, “P.S., this is real and we are deadly serious.” No further details about the theft, the location of the incident or any investigation have been released.

Thievery or Innovation? The Music Industry Grapples With A.I.NYT · 2h
Trump Says U.S. Struck Deal for Control of More Than 65 Billion Barrels of Venezuela’s OilNYT · 2h

President Donald Trump announced that the United States has reached an agreement with Venezuela that gives the two countries control over more than 65 billion barrels of Venezuelan oil reserves. He said the deal covers the extensive reserves and will be implemented through a partnership that includes a private company, according to a U.S. official who briefed the press. The official did not disclose the name of the private firm or provide further details about the terms of the arrangement. No additional information about the timeline or operational aspects of the partnership was released.

Teleprompter Operator Who Bet on Trump Speeches Is Ordered to Pay FineNYT · 4h
High Debt and Rising Prices Catch Up to Trump, as Midterms NearNYT · 4h
Trump says US to take control of 65bn barrels of Venezuelan oilFT · 4h
Swiss wealth managers urge delay to ownership register after Liechtenstein hackFT · 8h
How Dolly Parton Built an Empire on Owning Her SongsWSJ · 8h
Alex Gerko earned a record £895mn from trading firm XTX in 2025FT · 8h
Trump deportations take a bite out of an unexpected industry: US fast foodFT · 9h
News Quiz for August 29, 2026WSJ · 9h
The Strongest El Niño in a Generation Is Wreaking Havoc on Global EconomyWSJ · 9h
Catastrophic Flood Exposes the Risks of Nepal’s Hydropower BetNYT · 9h
As Deadly Flash Flooding Batters Nepal, Some Fear ‘the Entire Himalayas Are Melting’NYT · 10h
“The Invisible Hand of Maria Edgeworth”: An Economist, ErasedNYT · 10h
Glencore threatened with $1.4bn lawsuit from embattled trader RadiantFT · 15h

Singapore‑based iron ore trader Radiant has warned that Glencore faces a $1.4 billion lawsuit. Radiant, which has been battling a liquidity squeeze, said the legal action stems from a dispute with the commodities giant. The case adds to the financial pressures confronting the trader.

The end of cheap food has costs far beyond the grocery storeFT · 15h
Airbus seeks US space unit sale as it shifts to European-built satellitesFT · 15h
Fancy lattes whip up their own mini investment boomFT · 15h
Did AI write this? It’s getting harder to tellFT · 15h
FT stock picking game results: the unexpected triumph of fundamentalsFT · 15h
How Xi Jinping Turned Oil From a Weakness Into a Geopolitical WeaponWSJ · 16h
Walmart to Pay $50 Million to Settle Opioid Lawsuit, US SaysNYT · 17h
The Chinese brand that wants to lead Europe’s trail-running packFT · 18h
Power, Betrayal and the Fall of Leon BlackWSJ · 18h
Pharma Industry Stares Down Biggest Patent Cliff in DecadesWSJ · 18h
Pint-Size Cars, With Enviable Smiles Per GallonNYT · 18h
U.S. to Take Control of Much of Venezuela’s Proven Oil ReservesWSJ · 18h
U.S. to Take Control of Much of Venezuela’s Proven Oil ReservesWSJ · 18h
The Trailblazing Business Savvy That Built Dolly Inc. Into an EmpireWSJ · 19h
The Trailblazing Business Savvy That Built Dolly Inc. Into an EmpireWSJ · 19h
Prediction Markets Should Be Regulated as Gambling, Appeals Court SaysNYT · 19h
Singapore Found a Way to Beat Gridlock, but Some Cars Cost as Much as Real EstateWSJ · 20h
Walmart to pay $50mn to settle opioid lawsuit with US justice departmentFT · 20h
The Vineyard Behind China’s Boutique Wine BoomWSJ · 21h
Guggenheim affiliate buys up debt linked to its asset management armFT · 21h
FAFSA Form for College Aid Will Be Less Stressful This Year, Officials SayNYT · 21h
Chevron Is in Talks to Expand in Venezuela, a Potential Win for TrumpNYT · 21h
Opinion | Trump Discovers His Inner Nixon on Rock ConcertsWSJ · 22h
China’s actors written out of dramas as AI doubles ready to take their rolesFT · 23h
Gatwick airport water supplies hit by burst pipeFT · 23h
Benjamin Rosen, Who Brought Venture Capital to Tech, Dies at 93NYT · 23h
Fed Chairman Warsh Seeks to Calm Elevated Inflation ConcernsNYT · 23h

Markets & Economy

Key Takeaways From the Fed’s Annual Jackson Hole ConferenceBBG · 40m
Warsh Says Inflation Isn’t Slowing, Vows to Reach 2% TargetBBG · 2h
Supercars Fuel a New Hybrid BoomBBG · 4h
A $2,000 Sweater Reveals Fashion’s True CostBBG · 4h
Warsh Sets the Tone for Fed’s Road AheadBBG · 4h
Trump says US to take control of 65bn barrels of Venezuelan oilFT · 4h
Can the US Defy Fiscal Gravity?BBG · 4h
$700 Cash Grants Transform Lives in MalawiBBG · 5h
Russia Tests Ukraine and NATO With EscalationBBG · 5h
Nepal Rescuers Race to Find Thousands MissingBBG · 6h
By The Way: Headlines You Should SeeBBG · 6h
Iran War Exposes Limits of US Military EnduranceBBG · 6h
Three Finance Ministers on Avoiding Debt CrisesBBG · 6h
Warsh Says Fed Must Act if Inflation Stays HighBBG · 7h
Focus on the Long Bond in This Summer of Rising YieldsBBG · 7h
Russia Extends Diesel-Export Ban as Ukraine Ramps Up AttacksBBG · 7h
Swiss wealth managers urge delay to ownership register after Liechtenstein hackFT · 8h
How Dolly Parton Built an Empire on Owning Her SongsWSJ · 8h
Where the US-Canada Trade War Stands After Talks Fell ApartBBG · 8h
Why the FCC Is Becoming America’s China Uber-Hawk: New EconomyBBG · 8h
Alex Gerko earned a record £895mn from trading firm XTX in 2025FT · 8h
Poland Sees Growth Slowing to 2% in 2030 on Fiscal TighteningBBG · 9h
Is the 60-40 portfolio dead?FT · 9h
The Strongest El Niño in a Generation Is Wreaking Havoc on Global EconomyWSJ · 9h
World Economy Latest: US Inflation Stays Stubborn, Spending StallsBBG · 10h
Turkey’s Markets Regulator Tightens Rules for Hedge FundsBBG · 11h
Vietnam Restates Readiness for ‘Constructive’ US Trade TalksBBG · 13h
John Healey Seeks Drama-Free UK Budget as Economic Heat Rises on BurnhamBBG · 14h
Glencore threatened with $1.4bn lawsuit from embattled trader RadiantFT · 15h

Singapore‑based iron ore trader Radiant has warned that Glencore faces a $1.4 billion lawsuit. Radiant, which has been battling a liquidity squeeze, said the legal action stems from a dispute with the commodities giant. The case adds to the financial pressures confronting the trader.

Risk of a new age of financial repression is risingFT · 15h

The risk of entering a new era of financial repression is said to be increasing, as the concept of compelling investors to absorb U.S. government bonds gains traction. Observers note that the notion of “pushing U.S. government bonds down the throats of investors” is being taken more seriously, suggesting a shift toward policies that could limit investment choices and keep yields low. The growing attention to this approach signals heightened concern over the potential for a sustained period of constrained financial markets.

FT stock picking game results: the unexpected triumph of fundamentalsFT · 15h
How Xi Jinping Turned Oil From a Weakness Into a Geopolitical WeaponWSJ · 16h
White House Teleprompter Operator Settles Insider-Trading ProbeWSJ · 16h
Power, Betrayal and the Fall of Leon BlackWSJ · 18h
Indian Bank Stocks Show Widest Exchange Price Gap in DecadesBBG · 19h
Finance Chief Says Colombia Must Slash Spending or Face ‘Abyss’BBG · 19h
Wall Street Week | Debt & Consequences, Defying Fiscal Gravity, Hollywood Gets DemocratizedBBG · 19h
Former FDIC Chair Sheila Bair on Inflation, Regulatory LandscapeBBG · 20h
Guggenheim affiliate buys up debt linked to its asset management armFT · 21h
Warsh Speaks and Rate-Hike Odds RiseWSJ · 21h
Warsh’s Inflation Warning Sets Up September Showdown for the FedBBG · 21h
Financial Services Roundup: Market TalkWSJ · 21h
Basic Materials Roundup: Market TalkWSJ · 21h
Tech, Media & Telecom Roundup: Market TalkWSJ · 21h
Markets Brace for Possible Rate Hike After Kevin Warsh’s Hawkish TurnWSJ · 21h
France Dodges Rating Rebuke as Fitch Sticks With Stable OutlookBBG · 21h
U.S. Stocks Fall After Warsh Speech Boosts Bond YieldsWSJ · 22h
Opinion | How Did a Nonprofit Become America’s Insurance Regulator?WSJ · 22h
Nigeria Outlook Raised to Positive by Moody’s on Stronger GrowthBBG · 22h
Moody’s Downgrades Senegal as Power Rift Amplifies Debt RisksBBG · 22h
Wall Street Piles On Rate-Hike Bets as Warsh Renews Hawkish ToneBBG · 22h
U.S. Natural Gas Futures Make Small Weekly GainsWSJ · 23h
A Core Egyptian Bank Gets Caught Up in Treasury’s Iran CrackdownWSJ · 23h
Oil Futures End Week Lower As More Oil Seen MovingWSJ · 23h

Tech

Nvidia Wants to Run the World’s Robots. China Is an Eager Customer.WSJ · 4h
How Big Tech Blinded Itself to the Grassroots AI RevoltWSJ · 6h
An AI Oracle’s Rise and FallWSJ · 7h
Alex Gerko earned a record £895mn from trading firm XTX in 2025FT · 8h
More Schools Are Imposing Phone Bans. Do They Really Work?WSJ · 9h
Could AI revive the socialist dream?FT · 15h
Did AI write this? It’s getting harder to tellFT · 15h
FT stock picking game results: the unexpected triumph of fundamentalsFT · 15h
Opinion | Artificial Criticism of Artificial Intelligence?WSJ · 21h
Opinion | The Meta Settlement Makes Big Tech BiggerWSJ · 21h
I Let Google’s Personal Intelligence Access My Life—and It’s a Huge HelpWSJ · 22h
I Let Google’s Personal Intelligence Access My Life—and It’s a Huge HelpWSJ · 22h
China’s actors written out of dramas as AI doubles ready to take their rolesFT · 23h

Deal Flow

M&A / Strategic

US is in talks with Venezuela to take a major stake in oil fields1d
PE firm Advent and payments fintech Stripe abandoned their $50B take-private of PayPal1d

Private‑equity firm Advent and payments fintech Stripe have withdrawn their proposal to take PayPal private in a deal valued at about $50 billion. The abandonment ends the discussions that had been reported around the potential transaction. No further details on the parties’ next steps were provided.

UK consumer goods giant Unilever will sell its Colman's mustard brand to resolve antitrust concerns amid a $45B merger of its food business with McCormick1d
Solstice Advanced Materials and Element Solutions mutually terminated their $14.5B merger1d
Apollo will acquire a co-controlling stake in private jet fixed-base operator Atlantic Aviation from KKR at a $10B valuation1d

Apollo is set to acquire a co‑controlling stake in private‑jet fixed‑base operator Atlantic Aviation from KKR. The transaction values Atlantic Aviation at $10 billion. Under the deal, Apollo will obtain a share that gives it joint control of the company, while KKR will retain an ownership interest. The acquisition marks a significant investment in the business‑aviation services sector.

Quant hedge fund AQR is pursuing an appraisal arbitrage trade in Permira and Warburg Pincus' $8.4B LBO of investment and accounting software maker Clearwater Analytics1d
Anthropic almost acquired AI startup MatX for $7B1d
SoftBank is in talks to buy a majority stake in OpenAI-backed humanoid robot startup 1X Technologies at a $6B valuation1d
EQT raised its $3.7B tender offer for Japanese price comparison website Kakaku by a negligible < 0.01¢/share despite activist Oasis Management rallying against deal terms1d
Japanese trading house Itochu Corp. offered to buyout $3.4B-listed Japanese IT services and consulting firm Dentsu Soken in a cash deal1d
Canadian energy company Enbridge formed a JV with KKR and Apollo to invest $2B to expand its British Columbia natural gas pipeline system1d
Swedish miner Boliden agreed to acquire Brazilian holding company Votorantim's controlling stake in Brazilian zinc producer Nexa Resources1d
Chinese conglomerate Fujia Group is considering selling its majority stake in Hexie Health Insurance1d

Fujia Group, a Chinese conglomerate, is reportedly weighing a sale of its majority stake in Hexie Health Insurance. The consideration of the transaction has been noted without further details on timing, potential buyers or valuation. No official comment has been released by either company.

DigitalBridge Group, the data center PE firm being acquired by SoftBank, will acquire Australia's largest smart-meter provider PLUS ES from Ausgrid Group1d
Crypto custodian firm BitGo will buy NYDIG's institutional trading business1d
Rupert Murdoch plans to eventually merge Fox Corp and News Corp1d

Court documents indicate that Rupert Murdoch’s plan to eventually merge Fox Corp with News Corp may be revived, according to filings referenced by several media outlets. The prospect of a Fox‑News Corp reunion has prompted a decline in Fox Corp’s share price, while company officials have said no merger is currently under way. The renewed attention follows News Corp’s recent record‑quarter earnings report, which has spurred speculation about a possible re‑combination of the two Murdoch‑controlled entities. The filings and market reaction have been reported by Indian Television Dot Com, TIKR.com, idnfinancials.com, AD HOC NEWS and Whalesbook.

VC

Identity verification startup Socure raised a $156M series E extension at a $5.2B valuation led by Summit Partners and will acquire agentic compliance/risk operations platform Fravity1d
Chinese AI startup DeepSeek is set to raise $7.4B in a new funding round at a $74B valuation from Monolith, Shixiang Capital, CATL, and others1d
RQD* Clearing, a clearing and custody firm, raised $74 million in a minority investment led by Bain Capital Tech Opportunities1d
Metriport, an open-source healthcare data infrastructure company, raised $26M in new funding led by Matrix1d
CivilGrid, an underground infrastructure data platform, raised a $26M Series A led by Spark Capital1d
Atorie, an AI-powered fashion startup, raised a $9.5M seed round from a16z Speedrun, Night Capital, and Jeremy Liew of Lightspeed1d

Atorie, a startup that uses artificial intelligence to develop fashion products, announced the closing of a $9.5 million seed financing round. The round was led by a16z Speedrun and also included participation from Night Capital and Jeremy Liew of Lightspeed. The funding will be used to advance the company’s AI‑driven design and production capabilities.

IPOs / Listings / Issuances / Block Trades

Anthropic will publicly file for its potential $100B IPO after Labor Day1d
Dubai-based private aviation group Vista Global is considering raising $1B at a $10B valuation in a Switzerland or Italy IPO1d
German auto parts maker Mahle is reviving plans for a $300M-$400M India IPO of its Indian business1d
Indian advanced thermal engineering solutions Tempsens Instruments surged 110% in its trading debut after raising $68M in India IPO1d

Debt

Moderna plans to raise $2B in a convertibles sale1d
France's TotalEnergies may be reimbursed $1.3B for loans to sanctioned Russian LNG venture Arctic LNG 2 as part of the transfer of its 10% stake to a subsidiary of Russian operator Novatek1d
Australian iron ore miner Fortescue is considering raising $445M in a debut panda bond sale1d
Madison Dearborn Partners-backed wealth management platform Wealthspire raised $300M in a debut junk bond sale1d
Uplifters Foundation plans to build new $3M houses in the fire-impacted Pacific Palisades neighborhood in LA by selling $250M in munis1d
Indian resources conglomerate Vedanta plans raise $105M in a third local FX bond sale this year1d

Funds / Secondaries

Swiss PE firm Partners Group got a $1B private credit mandate from Indonesian SWF Danantara1d
Real estate credit manager BridgeInvest raised $610M for its flagship fund1d
Private markets investment firm Siguler Guff is considering raising $350M-$400M CV for four Indian portfolio companies1d
Permanent Capital Ventures raised $200M for its second fund1d

Reforma

Irrumpen e incendian ring de influencers en HermosilloNacional · 2h

En Hermosillo, un grupo armado abrió fuego e incendió el ring antes de una función de boxeo protagonizada por influencers. El ataque obligó a suspender el evento. Las autoridades no han dado detalles adicionales sobre los responsables.

Opera helicóptero y aerotaxis de MaraNacional · 8h
Van contra empresa de amigo de 'Andy'Nacional · 8h