FT News Briefing US stimulus, WeWork v SoftBank, Carnival bonds
Apr 8, 2020
The Trump administration discusses a crucial $250 billion stimulus package aimed at helping small businesses weather the pandemic. WeWork faces legal challenges from SoftBank over a failed $3 billion deal, highlighting its ongoing financial woes. Meanwhile, Carnival Corporation manages to raise an impressive $6 billion in bonds despite high interest rates, as it navigates its recovery from COVID-19's impacts. The contrast between struggling sectors and those attracting investments sheds light on the evolving landscape of fundraising in today's turbulent economy.
AI Snips
Chapters
Transcript
Episode notes
Additional Small Business Loan Funding
- The US government is discussing additional funding for small business loans due to high demand.
- Treasury Secretary Mnuchin has requested $250 billion more, totaling $600 billion.
WeWork Sues SoftBank
- WeWork is suing SoftBank for withdrawing from a $3 billion share buyout.
- SoftBank cited unmet conditions, but WeWork's special committee disputes this.
Carnival's Risky Fundraising
- Carnival secured $6 billion in funding despite its struggles, mainly through bonds.
- They paid high interest (11.5%) and offered premiums, reflecting their risky position.