This week on Behind the Money, the @financialtimes.com's @pollard.bsky.social & @costasmourselas.bsky.social are talking about the Elliott Management deal that's being fought 'until hell freezes over.' 🔥
▶️ podfollow.com/behind-the-m...
"Venezuela is out of the deep freeze and back in play"
@jsphctrl.ft.com @costasmourselas.bsky.social @pollard.bsky.social on some of the winners 👇
www.ft.com/content/9403...
New: Big Tech is spending billions on data centres in the US to train and deploy AI models. But these plans could fail due to a power bottleneck.
w/ @financialtimes.com visual storytelling and energy colleagues.
Full article: ig.ft.com/ai-power/
Very normal scenes at a very normal session of the very normal United States Bankruptcy Court for the Southern District of Texas
More First Brands drama here from the incomparable @pollard.bsky.social and @sindap.bsky.social
www.ft.com/content/7f58...
In the last few days, the First Brands situation has escalated from “suspected” to “alleged” fraud.
Our crack bankruptcy reporters @sindap.bsky.social and @pollard.bsky.social have had you covered.
This week on Behind the Money, my @financialtimes.com colleagues, Akila Quinio and Amelia Pollard (@pollard.bsky.social) explain what they know about the collapse of (and fallout from) subprime auto lender Tricolor Holdings.
🎧: podcasts.apple.com/us/podcast/b...
NEW
WIRED led the way in reporting on Elon Musk's efforts to dismantle the US government. My colleagues and I spoke to 100s of employees at dozens of agencies to understand what happened.
This is the definitive story of DOGE as told by those who experienced it
www.wired.com/story/oral-h...
this is a cracking piece on "Uncle Steve" Cohen's lobbying campaign to build one of New York's first casinos in Queens from @pollard.bsky.social on.ft.com/4pdl7Pc
Extract from FT article: The filing said the two companies had been working together since 2019 and had a close enough relationship that CoreWeave chief executive Michael Intrator would join Core Scientific’s board meetings.
entirely normal state of affairs for two independent companies that just happen by coincidence to have similar names
Zohran still taking photos with people at his election night party at 1:30 AM
“My commitment is about delivering a city that is not only affordable to each and every New Yorker, but is one that each and every New Yorker feels proud of living in.”
My colleague @pollard.bsky.social and I look at what could be one of the biggest policy decisions of Trump's administration -- and the multibillion-dollar hedge fund windfall among some of his most ardent supporters that hangs in the balance.
www.ft.com/content/d6d6...
Lovely despatch from Omaha from @pollard.bsky.social, capturing the unique slice of Americana that is the Berkshire Hathaway AGM
www.ft.com/content/ee1a...
on.ft.com/3ROIijp Warren Buffett devotees say farewell at poignant Omaha ‘pilgrimage’
Read my snapshot of the regular investors who made the pilgrimage for this year’s historic Berkshire Hathaway meeting (aka festival) in Omaha
Excited to share a new paper accepted to @cogscisociety.bsky.social 2025 on the cognitive representation polysemy and their use in reasoning!
Pre-print here: doi.org/10.31234/osf...
Thread below! (🧵1/9)
Debt defaults and corporate bankruptcies jump during economic downturns, and the new levies go beyond what many experts had forecast. How does that compare with the dotcom bubble of the year 2000? Click to read on our live blog: www.ft.com/content/44ea...
I spoke with the @financialtimes.com for this in-depth report
How Trump is Exploiting Big Law’s Identity Crisis
By @pollard.bsky.social James Fontanella-Khan @sindap.bsky.social and Stefania Palma
4/ Welcome to “Druckonomics” — how Stanley Druckenmiller could quietly shape the next four years of the U.S. economy.
on.ft.com/4irhBfS
3/ Two people described Druckenmiller’s relationships with Warsh and Bessent as akin to sons. And although he didn’t support Trump on the campaign trail, Druckenmiller now has a direct line to the White House.
2/ We interviewed Treasury Secretary Scott Bessent and a dozen other insiders to put together the untold relationship between Druckenmiller, Bessent and Fed chair favorite Kevin Warsh.
Stanley Druckenmiller’s long been a celebrity on Wall Street.
But now, his two closest protégés are in Trump’s inner circle, and Druck’s influence on the world’s biggest economy has spiked practically overnight. W/ the @financialtimes.com’s JFK and Alex Rogers
on.ft.com/4hdc9fy
‘Druckonomics’: Wall St veteran poised to shape the new US economic order
https://www.ft.com/content/33ea21f2-e14f-4817-b204-fa2ef9233d6c
There is a financial cautionary tale that still chills the spine of traders today: Long Term Capital Management. The hedge fund had two Nobel prize winners on their side. How could they fail so spectacularly? We get the inside story from a founding partner.
www.npr.org/2025/02/21/1...
Banks are close to selling $3bn worth of loans backing Elon Musk’s takeover of Twitter, offloading another huge portion of the risk they’re holding. Demand has been so strong, they’ve eliminated a discount they had initially offered, expecting to price the loans at par
www.ft.com/content/653b...
Well, that was fast
And the MTA wonders why the emergency brake is activated so often
This profile of the Prince of Darkness by George Parker is spectacular. on.ft.com/42JrbGv
“A little-known Chinese hedge fund has thrown a grenade into the world of artificial intelligence with a large language model that, in effect, matches the market leader, Sam Altman’s OpenAI, at a fraction of the cost.” on.ft.com/42A6Cfp
Purdue and the Sacklers have agreed to pay $7.4bn to settle the mountain of lawsuits for their role in the opioid crisis.
What we still don’t know: how the hell the deal is structured (W/ @sindap.bsky.social)
on.ft.com/40rDxAi
