Wall Street Week
Bloomberg Wall Street Week - February 9th, 2024
Feb 10, 2024
Citi U.S. Equity Strategist explains election risk. Rise of alternative investing on Wall Street. 'Trump rally' in the market. Capital requirements on banks and lending. Vision for publishing company through employee ownership. Cyber threats and financial news. Bank scrutiny and earnings announcements. Opportunities in infrastructure investment. Potential impact of a Trump win on the economy. Private equity's impact on book publishing. Job cuts and restructuring plans in various companies.
38:03
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Quick takeaways
- Private equity firm KKR has acquired Simon & Schuster to expand into new markets and improve operational efficiency through technology.
- Companies like Estee Lauder, Snap, and UPS are restructuring to adapt to changing industry landscapes and improve business performance.
Deep dives
Private equity firm KKR acquires Simon & Schuster, bringing new opportunities for growth and employee ownership
Private equity firm KKR has acquired the iconic publishing house Simon & Schuster, with a focus on leveraging the stable book publishing business and expanding into new outlets such as audiobooks and international markets. The acquisition aims to attract top talent, including editors who can bring in bestselling authors, and boost employee engagement through broad-based ownership. KKR sees potential in leveraging technology, such as AI, to improve productivity and operational efficiency. The company plans to invest in growth areas, like the Latino market and science fiction, and capitalize on the stable and profitable nature of the book publishing industry.
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