Persistent Delusion Among the American and NATO Defense Establishment

Apollo Private Credit Fund Is Latest To Gate Investors As KKR Fund Gets Junked By Moody's Amid the ongoing fracturing of the private credit industry, which after enjoying years of stable, levered growth (and when it ran out of institutional greater fools, it aimed lower, toward HNWs and retail) finally hit a brick wall thanks to the Claude-inspired SaaSpocalypse, which has led to a historic surge in redemption requests across the biggest (and certainly smallest) names in the industry, last week we said that debt funds managed by powerhouse firms including...

Unilever In "Advanced Discussions" To Sell Food Unit To Old Bay Maker Unilever Plc confirmed it is "now in advanced discussions" with Maryland-based spice maker McCormick & Company to sell its food business unit in a $15.7 billion transaction and said a final deal could be announced as soon as today.  "The Company is now in advanced discussions with McCormick & Company ("McCormick") regarding a potential transaction," the Anglo-Dutch consumer goods company wrote in a press release. Unilever noted, "Work remains ongoing to agree and finalise a transaction and it is possible...

Judge Blocks Trump Admin's 'Orwellian' Supply Chain Risk Label On Anthropic - For Now It looks like Anthropic isn't as radioactive to other defense contractors - for now, and on paper.  In a sharply worded 43-page order issued Thursday, U.S. District Judge Rita F. Lin (Biden) of the Northern District of California granted Anthropic PBC's motion for a preliminary injunction, blocking key punitive measures imposed by the Trump administration after the AI company publicly refused to lift safety restrictions on its Claude model. Photo-Illustration: WIRED Staff; PHotograph: FABRICE COFFRINI/Getty Images Lin minced no...