Goldman CEO says T. Rowe deal gives investors access to retirement products

Group 1 - Goldman Sachs has made a "small investment" of up to $1 billion in asset manager T. Rowe Price to provide investors with broader access to private markets [1] - The investment aims to partner in retirement and other areas to offer unique products to investors, indicating a focus on the growth of alternative investments [2] - Solomon mentioned that Goldman Sachs is open to pursuing deals in asset or wealth management to accelerate growth, although the criteria for such transactions are very high [2] Group 2 - The Federal Reserve's policy rate is not seen as overly restrictive, which supports risk appetite in the market [3] - Global mergers and acquisitions (M&A) have reached $2.6 trillion, marking the highest level for the first seven months of the year since the peak during the pandemic in 2021 [4] - Corporate boards are actively seeking growth opportunities, with optimism surrounding artificial intelligence helping to mitigate uncertainties related to U.S. tariffs [4]