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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create high-yielding assets for insurance companies....
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...Last month, Wegovy received FDA approval to help reduce heart attack and stroke risk in patients with cardiovascular disease, enabling it to be covered by insurance for the more than 50mn Americans on Medicare...
...That’s when he got a call from James Robinson III, who was then the chief executive of American Express and the biggest power broker on Wall Street....
...And one thing to start: Adam Neumann, the co-founder of WeWork, has submitted a conditional bid of about $600mn for the bankrupt co-working company he led until 2019, according to three people briefed on...
...According to the Health Transformation Alliance, a co-operative of American employers seeking cheaper healthcare, the use of anti-obesity drugs among its members was 64 per cent higher in 2023 than in 2022...
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...Big private equity-cum-asset managers buy insurance companies (see also: Apollo/Athene, Brookfield/American Equity) not to cross-sell, but to gain a source of stable capital....
...William Cohan, ‘The Last Tycoons: The Secret History of Lazard Frères & Co’ (2007) Favourite: Point of No Return, by John Marquand....
...Almost nothing makes a human happier than taking the lines of cocaine away from these short sellers, who are going short on a truly great American company — not just ours — they just love pulling down great...
...Firstly, approximately 30% of the Global and North American totals are made up of ‘dry powder’, i.e. undrawn capital commitments....
...“You’re seeing a lot of thirtysomethings moving up from SoHo or the village, who want the security and safety . . . and now realise they can go out their door and get a great cocktail and a good meal,” says...
...She was divorced from Google co-founder Sergey Brin last year, and recently gave $4mn to American Values 2024, a pro-Kennedy campaign group, to help pay for an ad that aired during this year’s Super Bowl...
...Blackstone merged its credit and insurance investment operations in September in preparation for a push into asset-backed lending markets, Gray and co-founder Stephen Schwarzman have told shareholders....
...That’s no great loss....
...It’s great news for M&A in Japan.”...
...This has caused great puzzlement among the political cognoscenti who keep telling Americans they have never had it so good....
...Old cities industrialised on the right, California and its gold got statehood on the left — and a Great American Desert lay between....
...But the shock should not be too great....
...“What brought them together is American leadership, what’s keeping them together is American leadership.”...
...“Little did Marc know she would love it so much and re-wear it on another occasion where [American artist] Rachel Feinstein was dressed in it too.”...
...The first of those includes fentanyl, which is killing hundreds of thousands of Americans and mostly comes from China....
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...The answer starts with the dumping of UK equities by UK pensions and insurance companies....
...Institute who recommended a trip to the Achille Castiglioni Foundation,” says Llisa Demetrios, the 57-year-old chief curator of the Eames Institute of Infinite Curiosity and youngest granddaughter of the American...
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