Treasury secretary Scott Bessent told investors in a private meeting that he does not see a “systemic problem” with the AI boom, downplaying concerns that the industry is in a bubble like the one that preceded the dotcom bust.
CVC is exploring a bid to take security group Verisure private, just a year after rival buyout firm Hellman & Friedman took it public in one of Europe’s highest-profile IPOs. The London Stock Exchange Group is nearing a deal to acquire credit specialist Octus from Permira for $3.5bn, bolstering LSEG’s financial data services.
More than 7,000 people descended upon Miami Beach for the annual ABS East conference, celebrating asset-backed securities. Credit investing has surged, led by hundreds of billions for data centres, though concerns about over-leverage and circular financing grew. Neocloud Core Weave saw credit default swap prices explode and distressed yields above 15%.
Elon Musk is preparing for the “AI singularity” with a potential $3.6tn merger of Tesla and SpaceX, with independent director committees studying the largest merger ever.
Source: Financial Times Companies · Summarized by HeadlinesBriefing