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Last updated: May 21, 2026, 2:35 AM ET

Healthcare & Life Sciences

Eir Partners acquired a controlling stake in Quartz Bio, bolstering its life sciences portfolio with the Frederick, Maryland-based technology platform. Separately, Madison Air filed for IPO targeting a $500 million valuation, capitalizing on robust demand for private aviation charters. The moves coincide with a surge in aluminum prices lifting China Hongqiao's Zhang Bo to a $48 billion fortune, underscoring how commodity cycles can amplify wealth in related industrial sectors.

Aviation & Infrastructure

Blackstone arranged a $1.2 billion credit facility for Air Trunk's Japanese data center expansion, signaling strong private equity appetite for AI infrastructure assets across Asia-Pacific. The financing comes as U.S. airline bonds weakened following an 8% spike in jet fuel costs driven by Middle East supply concerns, highlighting divergent pressures within the transportation sector.