US Military Surveillance Flights Surging Off Cuba

OpenAI Lures Private-Equity Firms With 17.5% Guaranteed Returns As AI Rivals Race For Enterprise Deals OpenAI, the maker of ChatGPT, is offering private-equity firms a more generous financial package than rival Anthropic as the two artificial-intelligence companies court buyout shops to create joint ventures aimed at raising fresh capital and accelerating the rollout of enterprise AI products. To lure PE firms, OpenAI is promising investors a guaranteed minimum return of 17.5%, a figure significantly above what is typical for preferred equity instruments, according to people familiar with the discussions who spoke...

SDNY Prosecutors Looking At Valuation Discrepancies In Private Credit Market In a move that is long overdue, Jay Clayton, the US attorney for the Southern District of New York, said his office is looking at possible valuation discrepancies in the private credit marketplace.  Wall Street’s top prosecutor addressed the issue Wednesday while speaking at the Bloomberg Global Credit Forum in New York. Clayton said the difference between the price at which assets are marked on one balance sheet versus others was at the heart of blowups at First Brands Group, Tricolor Holdings and...

Ras Laffan Explosion Threatens To Slow Qatar LNG Ramp, Goldman Says A powerful explosion tore through Qatar's key natural gas plant late Sunday, killing at least 13 people and injuring 66 others. While the incident does not appear to have directly impaired LNG export capacity, it has certaintly raised the risk that Qatar may slow the restart of operations as a precaution. The timing could not be worse. The blast at Qatar's giant Ras Laffan energy complex comes just a week or so after the US-Iran interim peace deal was signed...