Equity firm in the world, blackstone, going public. For the first time this week it is surpassing its 2007 ipo price. Devin, pe as an industry has changed so much in the last few years. Is blackstone the new Goldman Sachs . Hey, deirdre. Happy holidays. It is a good question, because these managers lack stone, kkr are doing a lot of the activities that banks use to do before the regulation came up. Ne prime example is in europe distrust lending, rescue financing, these are areas that banks were very active in. We see blackstone is stepping in to that lending void with this gsr credit unit. Kkr is in the process of doing those types of activities. Re. Llo was already in the in many ways, the question this the answer to your question is yes. They are stepping into that role for certain. Lack stone 6 years ago during the credit crisis, and that stock is basically tanked no other way to say it. But at that time, the Company Double down with its investment. How have public investors done .
Thank you for watching another addition of washington journal comes your way at 7 00. We take you to the house of representatives. Order. The chair lays before the house a communication from the speaker. The clerk the speakers rooms, washington, d. C. July 29, 2022. I hereby appoint the honorable lucille roybalallard to act as speaker pro tempore on this day. Signed, nancy pelosi, speaker of the house of representatives. The speaker pro tempore the prayer will be offered by chaplain kibben. Chaplain kibben would you pray with me. Lord, it is good and fitting to eat, drink, and find enjoyment alongside the work with which we labor. And recreation in the days you have given us. So it is on this day that we come to you in gratitude for the pleasure received not only in the privilege to serve you here in this place but for the enjoyment of a good ballgame. The civil rivalry of peers the abundant fellowship of friends and fans. Having fought the good fight may we finish the week, prolonging
And Valeant Pharmaceuticals teaming up for allergan. Well explain. Novartis unveiling a Restructuring Plan amid a flurry of deals involving glaxo and lily totalling 28. 5 billion. Netflix says it will raise prices for subscribers as the jump in earnings pushes the shares in premarket and slew of dow components reporting, mcdonalds, United Technologies, we have it covered. Shares of allergan are surging as we said bill ackman backing pharmaceutical bid to acquire the maker of botox, valeant offering 38. 40 a share in cash. Since february, Ackmans Pershing Square amassed a 9. 7 stake in allergan, but all the discussion guys, today, is about the role of the activist investorer. The times calls it the boldest move yet from an activist. Absolutely. I hope to hear from david. We were going back and forth last night about how does someone kind of basically know theres going to be a bid and be allowed to accumulate stock. Classically that would be front money. If we had an sec that was on the
[captions Copyright National cable satellite corp. 2013] [captioning performed by national captioning institute] today the House Oversight Committee Examining the ghazi attacks. Then the Foreign Relation Committee holding a confrontation confirmation hearing and a look at schedule changes due to go into effect october 1. Hearinge Oversight Committee hearing testimony. Reviewountability chairman and admiral mike mullen both testified. Hours. Just over two the committee will come to order. The Oversight Committee exists to secure two fundamentals. Americans have the right to know the money washington takes from them is well spent. Americans deserve an effective government that works for them. Our duty is to protect these rights. Our responsibility is to hold government accountable to for what they know is important for how they decide. Our job is to work in partnership with watchdogs to deliver the facts to the American People and bring reform to the bureaucracy. This is our mission. Con
Present to the commission and i also want to acknowledge commissioner yee riley, who last summer served on the working group, the investment in neighborhoods working group, that helps to oversee the creation of this program. Do you have my presentation in front of you . Okay, great. Im going to give you an overview of the program. The elements, the Baseline Services, the commercial district assessment and Customized Services and do some q a. So essentially the mission of this program is our neighborhood commercial districts will thrive and its born out of the mayors commitment to Economic Development as a central platform of his administration. At the end of 2011, after he was elected to a full term, he directed our office to greatly expand the scope of our neighborhood Economic Development work. So we have been doing neighborhood Economic Development for years at oewdss Economic Development division and invest in neighborhoods represents an expansion in that work. I will tell you how