SAF is charging into a corner of private credit long dominated by Apollo and Brookfield. If followed by others, the move could help redraw the contours of the Canadian private credit market https://t.co/hyLImg6mys ...

The first mountain was of course after co where inflation went up to almost 10% and now it's come down again to around 3%. The risk is that there's another mountain because you could have growth coming partly because of AI. There's also the one big beautiful bill.One of the important laws in the one big beautiful bill is that you could do immediate expensing of your capital expenditures if you're a company. Normally you have to do that over several years. If that's the case you should expect to see a boom c ...

Fed decision day in America. In your view, what does getting policy right look like. >> I don't know if there's a right answer here.Um, you know, internally at Apollo, we do not think there's a need for a cut. There's nothing in the data that tells us, but at the same time, I understand the decision. But longer term, I'm not sure it really matters.I mean, if you think about what's happening, the market is ultimately determining the outcome. We have governments around the world who are borrowing record amoun ...

Fed decision day in America. In your view, what does getting policy right look like. >> I don't know if there's a right answer here.Um, you know, internally at Apollo, we do not think there's a need for a cut. There's nothing in the data that tells us, but at the same time, I understand the decision. But longer term, I'm not sure it really matters.I mean, if you think about what's happening, the market is ultimately determining the outcome. We have governments around the world who are borrowing record amoun ...

Group 1 - The market anticipates a rate cut by the Federal Reserve, yet US government bond yields are rising, with the 10-year Treasury yield increasing by about 20 basis points to around 4.20% [1][9] - There is a disconnect between long-term bond yields and the Fed's short-term borrowing rate, which is unusual given the expectation of continued rate decreases into 2026 [2] - Inflation concerns are central to bond investors, as recent months have seen a resurgence in inflation despite a previous peak of around 9% in summer 2022 [4][5] Group 2 - The potential appointment of Kevin Hassett as the next Fed Chair raises concerns that aggressive rate cuts could exacerbate inflation, influencing market expectations [6][7] - The bond market reflects worries about future inflation, with rising yields indicating skepticism about the Fed's ability to manage inflation effectively under new leadership [9][10] - Questions arise regarding the implications of increased Treasury issuance and whether new Fed leadership might alter the inflation target, potentially raising it from 2% to 4% [10]

Core Insights - Rising long-end Treasury yields are challenging to explain and may indicate potential issues for investors, according to Apollo's Torsten Slok [1] Group 1 - The increase in long-end Treasury yields could signal trouble ahead for investors [1]

Apollo CEO Marc Rowan said he expects to see more market makers emerging for investment-grade private credit as firms seek to ramp up trading of the assets https://t.co/pBjPLasLTP ...

Industry Activity - Apollo and a Canadian electricity producer are partnering to acquire gas-fired power plants in the US [1]

Argo is ramping up its bet on data centers after agreeing to be acquired by Apollo earlier this year https://t.co/izjXcxNYIB ...

Core Insights - Netflix has been selected as the winning bidder for Warner Brothers Discovery's studio and streaming assets, but Paramount Sky Dance has launched a hostile all-cash bid of $108 billion for the entire company, indicating a competitive landscape in the streaming industry [2][3][4] Company Strategies - Paramount Sky Dance's bid is for the entire Warner Brothers Discovery business, including legacy networks, while Netflix is only interested in studio and streaming assets, preferring to have Discovery spun off [8][9] - Paramount's offer is open for 20 business days, and they require 51% of shareholders to accept their bid to gain control of the company [5][18] Financial Aspects - Paramount's bid includes $41 billion in equity financing and backing from private equity firms, indicating significant financial resources to support their acquisition strategy [6][18] - The valuation of Warner Brothers assets is already over $108 billion, and both companies may continue to raise their offers as they compete for shareholder approval [18][21] Regulatory Considerations - The potential merger between Netflix and Warner Brothers could face regulatory scrutiny due to concerns about anti-competitive practices, as Netflix already has over 340 million subscribers [11][14] - Paramount's acquisition may face less regulatory scrutiny, as it would consolidate a broader range of cable networks and media outlets [9][14] Industry Implications - This competitive bidding war may trigger a broader wave of consolidation within the streaming and entertainment industry, as companies seek to enhance their content libraries and subscriber bases [20][21] - The differing strategies of Netflix and Paramount highlight the ongoing battle for market share in the streaming space, with Netflix focusing on subscriber growth and Paramount aiming to expand its movie production capabilities [20][22]