One scoop to start: JPMorgan is seeking to offload risk tied to over $4bn in loans to private equity funds as the biggest US bank looks to cut its exposure to an industry grappling with a prolonged slowdown.
And another: LIV Golf has offered its players equity in a restructured league as the heavily lossmaking competition races to raise up to $350mn in fresh capital after Saudi Arabia’s sovereign wealth fund withdrew its hefty financial support.
And a last thing: US cosmetics giant Estée Lauder has ended merger talks with Spanish rival Puig over a deal that would have created a fashion and beauty powerhouse worth nearly $40bn.
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