Banks (finally) Unloading X Debt

Four banks hold 90% of X's debt. 

Bloomberg reports a group of banks, led by Morgan Stanley, is preparing to sell up to $3 billion of senior debt tied to Elon Musk's acquisition of X, at 90-95 cents on the dollar. This compares favorably with previous attempts to sell the debt in late 2022 right after its purchase, when it was priced at 20% discount to face value.

Alex Karp tells it like is!

Palantir’s CEO, Alex Karp, is just saying what many think…

https://youtube.com/clip/UgkxTbb7Kj8cngQfn7DcUKiOVLC5qfrQ-8_W?si=rCCyZkcKDxyvYF_Q

See also this excellent interview with @PalmerLuckey of Anduril Industries where he discusses a number of things from the moral flaccidness of CEO’s of billion $ companies who won’t take a moral and patriotic stand for fear upsetting the bottom line…

https://masterfeeds.blogspot.com/2024/09/anduril-industries-palmerluckey-tells.html

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-- The MasterFeeds

The Fall of #Assad and What Comes Next in #Syria

This has been one of those weeks when decades happened. 

Now that Assad is gone, what's in store for Syria, its people and the region? 

Below find a couple of articles on the subject. 

The first from Bari Weiss' The Free Press; the second from Bloomberg's Marc Champion.