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06.04.26 - 10:48
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SMFG, Nippon Life in Talks to Set Up $3 Billion LBO Loan Fund (Bloomberg)
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Sumitomo Mitsui Financial Group Inc. and Nippon Life Insurance Co. are in talks to set up a private credit fund with initial capital of at least ¥500 billion ($3.1 billion), people familiar with the matter said, as the Japanese financial giants seek to capitalize on a surge in corporate deals....
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06.04.26 - 10:30
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Raimondo on How European Industry Is Getting Crushed | Odd Lots (Bloomberg)
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The relationship between the US and Europe is deteriorating along both security and economic dimensions. The Trump administration has imposed tariffs, while also being sharply critical of NATO allies. So what are European leaders to do? Hope things go back to normal in the US? Or perhaps become closer with China? Our guest on this episode says the latter would be a grave mistake. This episode was recorded live on April 1 at the DC headquarters of the Council on Foreign Relations. We spoke with Gina Raimondo, now a CFR Distinguished Fellow, who previously served as the commerce secretary in the Biden Administration, and prior to that was the governor of Rhode Island. She discusses her view that European industry is being hollowed out by China. We also talk about the legacy of the CHIPS Act, and her fears about AI creating mass unemployment and destabilizing our democracy. (Source: Bloomberg)...
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