Core Viewpoint - The recently passed "Big Beautiful" bill is significantly transforming the American business landscape, redefining the winners and losers among various industries [1] Private Equity and Fossil Fuels - The private equity industry, valued at $13 trillion, is one of the biggest beneficiaries of the bill, retaining the "carried interest" tax loophole [2][3] - This loophole allows traders to pay performance profit taxes at a lower long-term capital gains tax rate, saving the industry billions annually [3] - The bill also extends fixed debt interest tax deductions and depreciation benefits, lowering tax rates for many private equity-backed companies [4] Retail Industry - The bill reduces federal food assistance, with the Supplemental Nutrition Assistance Program (SNAP) expected to see a $9 billion cut next year, impacting grocery spending [5][6] - Companies like Conagra, Kellogg, and Kraft Heinz may face sales pressure due to their reliance on SNAP user spending [6] - The bill eliminates tariff exemptions for imported goods valued under $800, benefiting brick-and-mortar retailers while pressuring small businesses [6] Healthcare Industry - The healthcare sector avoided severe cuts, with Medicaid funding reductions being less than anticipated [7][8] - For-profit hospital chains like Tenet Healthcare and HCA Healthcare saw stock price increases, although predictions indicate that 11.8 million Americans may lose health insurance by 2034 [8] - Smaller hospitals, heavily reliant on Medicaid, may struggle more than larger institutions [9] Energy Sector - The energy industry is experiencing a split impact, with coal unexpectedly benefiting from tax credits for metallurgical coal production [10] - Zero-carbon energy sources like geothermal and nuclear retain substantial tax credits, while many solar and wind projects will lose investment and production tax credits [10] - The cancellation of electric vehicle tax incentives may lead to contractor bankruptcies, as the total credits for 2023 amount to $8.4 billion [10] Technology Sector - The technology sector, particularly companies like Tesla, faces significant challenges due to the loss of electric vehicle tax incentives and new AI regulations [11] - Private aerospace companies like SpaceX and Blue Origin benefit from provisions allowing municipal bond financing for spaceports [11] Defense Industry - The defense sector is a major winner, with an additional $150 billion in budget increases, pushing total defense spending towards $1 trillion [12][13] - Traditional defense contractors like Lockheed Martin and emerging tech firms like Anduril and Palantir are expected to benefit from increased funding for missile defense and naval capabilities [13] Higher Education - The bill imposes an 8% tax on investment income for wealthy universities, affecting only 16 institutions, with Harvard expected to lose $267 million annually [14] - Cuts to student loans and support may indirectly raise university costs, straining state funding for public universities [14]

Core Insights - TeleVox has launched the Planned Outreach Program to enhance patient engagement for small practices, addressing the outreach gap in patient care [1][3] - The TeleVox Practice Edition platform has been recognized as the "Best Practice Management Solution" in the MedTech Breakthrough Awards, showcasing its effectiveness in improving healthcare delivery [1][5] Product Features - The Planned Outreach Program includes prebuilt, specialty-specific campaigns and templates for seasonal and recurring care needs, allowing practices to proactively plan outreach [2] - Features such as the Annual Campaign Planning and Smart List Builder facilitate targeted communication by leveraging past appointment data and patient contact lists [2] - Communication can be delivered via SMS or IVR, ensuring convenience for patients, while follow-up features help re-engage non-responsive patients [2] Market Impact - The Planned Outreach Program aims to democratize access to advanced engagement technology for small practices, enabling them to provide proactive care similar to larger health systems [3] - By improving patient follow-up care, such as vaccinations and annual checkups, the program is expected to enhance patient health outcomes and increase practice revenue [3] - The platform reduces manual tasks for staff, improving operational efficiency and allowing for a more personalized patient care experience [3] Company Background - TeleVox is part of WestCX within West Technology Group and has been recognized for its innovation in digital patient relationship management [5] - The company serves over 7,000 healthcare organizations, including hospitals and community health centers, focusing on effective patient engagement and communication [5] - TeleVox integrates its solutions with electronic health records (EHR) to support automated, personalized interactions with patients [5]

Establishes IGT as a Premier Platform for Innovation, Delivering Exceptional Content and Scalable Solutions Across the Global Gaming EcosystemNEW YORK and LAS VEGAS, July 01, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced the completion of the previously announced acquisitions of International Game Technology PLC’s (doing business as “Brightstar Lottery”) Gaming & Digital Business and Everi Holdings Inc. ("Everi") by a holding company owned by funds managed by Apollo affiliates (the "Apollo Fun ...

Company Overview - Apollo has launched Olympus Housing Capital, a new homebuilder finance strategy aimed at providing capital solutions to homebuilders in the U.S. for land acquisition and development [1][2] - Olympus is led by CEO Andrew Brausa, who has over 20 years of experience in residential housing and previously managed land financing strategies at Brookfield Asset Management [3] Market Context - Olympus operates in a market characterized by a structural under-supply of single-family homes and an increasing reliance on customized private financing solutions by homebuilders [2] - The company targets both public and private homebuilder customers who require scaled capital partners to support their growth and increase housing supply in the U.S. [2] Strategic Positioning - Apollo partners highlighted that Olympus is positioned at the intersection of several focus areas for Apollo, leveraging their expertise in residential real estate and asset-backed finance [3] - The strategy is described as highly scalable, aiming to deliver flexible capital solutions to an underbuilt market with favorable long-term macroeconomic tailwinds [3] Leadership and Vision - Andrew Brausa expressed excitement about the collaboration with Apollo, emphasizing the robust demand for reliable homebuilder capital solutions and the potential for Olympus to provide value-added services [3] - The leadership team aims to address critical funding needs to facilitate new home ownership across the country [3]

Core Viewpoint - Apollo is set to release its financial results for Q2 2025 on August 5, 2025, before market opening, with a management review scheduled for 8:30 am EDT [1] Company Overview - Apollo is a high-growth global alternative asset manager with a focus on providing clients with excess returns across various risk-reward spectrums, including investment grade credit and private equity [3] - The company has over three decades of investing expertise and manages approximately $785 billion in assets as of March 31, 2025 [3] - Through its retirement services business, Athene, Apollo offers a range of retirement savings products aimed at helping clients achieve financial security [3]

Core Viewpoint - Apollo has agreed to sell its interest in MAFTEC Group Co., Ltd., a leader in ultra-high temperature heat insulating solutions, to funds managed by Advantage Partners, with the transaction expected to close in the second half of 2025 [1][5]. Company Overview - MAFTEC was established from the separation of Mitsubishi Chemical's Thermal and Emission Control Materials business, which Apollo acquired in March 2022 [2]. - Apollo played a crucial role in MAFTEC's product development and market establishment, contributing to significant EBITDA growth over the past three years [2][3]. Management Insights - Tetsuji Okamoto from Apollo expressed pride in MAFTEC's achievements and confidence in its long-term growth potential, highlighting the company's innovative material processing technology [3]. - Kosuke Matsuzaki, CEO of MAFTEC, acknowledged Apollo's support in executing the company's standalone strategy and expressed optimism about future collaboration with Advantage Partners [4]. Investment Strategy - The investment in MAFTEC reflects Apollo's strategy as a solution provider and strategic partner to leading Japanese conglomerates, with previous investments including Panasonic Automotive Systems and Altemira [4].

Group 1 - Jennifer Lin is joining Apollo Global Management Inc. as a managing director focusing on U.S. loan transactions [1] - Lin was previously a prominent figure in private credit transactions at JPMorgan [1] - She is expected to concentrate primarily on liquid debt transactions [1]

Core Insights - Apollo has appointed Celia Yan as Partner and Head of Hybrid for Asia Pacific, aiming to expand its hybrid platform in the region [1][2] - The hybrid business focuses on providing creative, partnership-driven capital solutions that bridge traditional debt and equity, addressing various financial needs of companies [2][4] - Yan brings over 20 years of experience in private investment across Asia Pacific, previously serving as Head of APAC Private Credit at BlackRock [3][4] Company Strategy - The hybrid strategy is designed to help companies fund growth initiatives, generate liquidity, and deleverage balance sheets, with a focus on customized solutions [2][4] - Apollo's integrated platform and global reach, combined with a strong local presence, position the firm to deliver hybrid capital at scale in Asia Pacific [4] - The firm sees an attractive opportunity for hybrid growth in the region as companies increasingly seek structured and creative capital solutions [4] Leadership and Expertise - Celia Yan's extensive background in private markets investing and managing cross-border teams is expected to enhance Apollo's hybrid business growth [4] - Yan holds a Bachelor of Commerce from the University of Melbourne and a Master's in Applied Econometrics from Monash University [4] Company Overview - Apollo is a high-growth global alternative asset manager with approximately $785 billion in assets under management as of March 31, 2025 [5] - The firm aims to provide clients with excess returns across the risk-reward spectrum, from investment-grade credit to private equity [5]

Core Viewpoint - Excelitas has appointed Lynn Swann to its Board of Directors, highlighting the company's commitment to attracting high-integrity leaders with diverse perspectives to support growth and innovation [1][2][3]. Company Overview - Excelitas is a leading provider of advanced technologies serving global market leaders in life sciences, advanced industrial, next-generation semiconductor, and avionics sectors [1][3]. - The company is headquartered in Pittsburgh, PA, and focuses on the design, development, and manufacture of advanced technologies, including sensing, detection, imaging, optics, and specialty illumination [3]. Leadership Experience - Lynn Swann brings extensive business acumen and leadership experience, having served on the boards of several notable companies, including Apollo Global Management, Xylem Inc., and Caesars Entertainment [2]. - His appointment is expected to provide valuable insights as Excelitas expands its global footprint and pursues its corporate purpose of enriching life and driving innovation [3]. Strategic Focus - Excelitas is positioned at the forefront of addressing significant megatrends such as precision medicine, industrial automation, artificial intelligence, and connected devices (IoT) [3].

Core Viewpoint - New Home Co. has successfully acquired Landsea Homes Corporation, creating a top-25 national homebuilder with a strong growth foundation [1][2]. Company Overview - New Home Co. focuses on designing, constructing, and selling attainable single-family homes targeting entry-level and first-time move-up buyers in high-growth markets across the West, Central, and Pacific Northwest regions [5]. - Landsea Homes is a residential homebuilder based in Dallas, Texas, known for designing and building sustainable master-planned communities in desirable markets, having received multiple awards for its transformation and sustainability efforts [6]. Transaction Details - The acquisition was funded through an equity contribution from Apollo, land banking capital from Millrose Properties, and a senior notes offering by New Home [3]. - Landsea Homes' common stock has been delisted from NASDAQ, with shareholders receiving $11.30 per share in cash [2]. Leadership - The combined company will be led by Matthew Zaist, the current President and CEO of New Home [1][2]. Advisors - J.P. Morgan Securities LLC, RBC Capital Markets, Vestra Advisors, and Wells Fargo served as financial advisors to New Home, while Moelis & Company acted as the exclusive financial advisor to Landsea Homes [4].