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Wall Street banks lost out on billions in fees as private credit lured away corporate borrowers. Now it wants a cut. For @business @markets #privatecredit #banking bloomberg.com/news/features/…
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Paula Seligson retweeted
For anyone that is wondering the original story @BillAckman @Scaramucci and @saylor are talking about and wants to learn more, here is the link to that article: bloomberg.com/news/articles/…
A scenario:

Bitcoin price rise leads to increased mining and greater energy use, driving up the cost of energy, causing inflation to rise and the dollar to decline, driving demand for Bitcoin and increased mining, driving demand for energy and the cycle continues.

Bitcoin goes to infinity, energy prices skyrocket, and the economy collapses.

Maybe I should buy some Bitcoin.
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Paula Seligson retweeted
1/ Even though Rite Aid's bankrupt, its CEO is making $300,000 a month. Its lawyers are making $2,000 an hour. Lenders are making millions. But thousands of opioid victims who have sued the company are expected to get nothing at all. Gift link --> bloomberg.com/news/features/…
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Paula Seligson retweeted
“Yet another Flood Watch is in effect for NYC with periods of torrential rain likely later today.”
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😞
Happy 6 month anniversary everyone
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Paula Seligson retweeted
🧵 On NYE 2020, a group of teens from the same Long Island high school discovered they’d become victims of violent deepfake porn.

That’s where our story starts. But it twists and turns in so many unexpected ways..

Read my latest in @BW with @MargiMurphy

bloomberg.com/news/features/…
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Paula Seligson retweeted
Citi is in discussions to start a private credit strategy in early 2024. Initiative could include one or multiple external partners & use of own balance sheet. Scoop via ⁦@PSeligson⁩ bloomberg.com/news/articles/…
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Paula Seligson retweeted
Blue Owl is among firms weighing an acquisition of European direct lender Hayfin

New w/ @silasfelixbrown 👇 $OWL bloomberg.com/news/articles/…
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The creators of South Park are in discussions with Carlyle for a private loan totaling around $800 million that would be backed by would be backed by the IP from the TV show and Casa Bonita restaurant

SCOOP from @EK_Hudson @PSeligson @Lucas_Shaw
bloomberg.com/news/articles/…
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The creators of South Park are in discussions with Carlyle Group for a private loan totaling around $800 million that would be used in part to refinance an existing credit facility. bloomberg.com/news/articles/… #southpark #casabonita #bookofmormon
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Paula Seligson retweeted
Exclusive: A #UNC freshman was found unconscious in a #Duke dorm room in March and died two days later of a drug overdose. Neither university said anything publicly about her death until contacted by @TheAssemblyNC. By @CharlotteKramon & @mlhewlett. theassemblync.com/education/high…
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Community note
Issam was killed by an Israeli artillery strike near the Israel-Lebanon border.
businessinsider.com/reuters-journa…
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Paula Seligson retweeted
Tonight's the night. THE BUSINESSWEEK SHOW debuts at 10:30 EST on @BloombergTV. Please watch. Please tell your friends.

And if your bedtime is early: There's also a livestream online at 8:30 tonight. You'll find it right this way
bloomberg.com/originals/live
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Get excited everyone! Max is one of the best in the business.
I'm about to host the late night talk show of my dreams.

The Businessweek Show is about money and power and culture. Our guests are Cornel West, Theaster Gates, Nadia Murad, Zaila Avant-garde, Chip Wilson and many more.

We debut next Thursday, October 12th. The trailer is here!
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Sad for us, but happy for you @rachel_butt. Congratulations!
Some news: I have left @Bloomberg after an amazing 2 years. Next week, I will be joining @9finHQ as US deputy distressed editor and continuing to chronicle corporate woes. I am super excited for this new adventure and what's to come!
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Paula Seligson retweeted
Patti Poppe staked her legacy at PG&E on a pledge that the company will bury 10,000 miles of power lines.

Now, that plan is in jeopardy as regulators debate significantly restricting the number of lines it can bury in the coming years.

My latest:
wsj.com/business/energ…
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Paula Seligson retweeted
Friday's Weather Rating: 1/10

Good grief. Periods of rain with flooding likely and locally significant flash flooding possible. Damp, humid and cloudy all day with an onshore breeze. The vibes have floated away.
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