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CNBC's "Last Call"
Bill Gross Explains How He Nailed His Regional Banking Trade 8/24/23
Aug 25, 2023
Pimco co-founder Bill Gross discusses market predictions and Fed Chair Powell's upcoming speech. They also explore raising the inflation target, investing in pipelines, litigation for a utility company, high sick leave rate on August 24th, and the legal process surrounding the arrest of a former President.
45:27
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Quick takeaways
- Rourke Capital's acquisition of Subway has made it one of the largest restaurant owners globally, further expanding its dominance in the franchise business sector.
- World Coin's collection of biometric data in exchange for cryptocurrency is facing significant privacy concerns and investigations by governments around the world.
Deep dives
Private equity firm Rourke Capital acquires Subway sandwich chain
Private equity firm Rourke Capital has acquired Subway sandwich chain in a deal reportedly worth $9.6 billion. Rourke Capital is known for its ownership of various restaurant chains, including Arby's, Buffalo Wild Wings, Dunkin' Donuts, and Sonic. The firm specializes in investing in franchise businesses. Subway's current management will remain in place, and the acquisition makes Rourke Capital one of the largest restaurant owners in the world.
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Discover
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