ConocoPhillips to Acquire Marathon Oil in $17 Billion Deal
May 29, 2024
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Bloomberg News Anchor reports on ConocoPhillips acquiring Marathon Oil for $17 billion. Ro CEO discusses weight-loss drug shortages and telehealth innovation. Businessweek story on Dave & Buster's turning arcades into casinos. JLL's CEO talks about Fed policy impact on commercial real estate. Alex McGrath wraps up the episode with insights on market trends and investments.
ConocoPhillips acquires Marathon Oil in $17 billion deal, continuing the US oil industry buying spree.
Telehealth startup Ro introduces Wegovy tracker due to weight-loss drug shortages.
D&B transforms arcades into casinos to adapt to changing consumer preferences.
Deep dives
Client Inquiries
Clients are showing interest in the Fed's actions, inflation trends, and overall economic conditions as key factors in their investment decisions.
Investment Strategies
Despite moderate economic growth and sticky inflation, clients are leaning towards growth positions, value stocks, and maintaining a bullish stance on the equity markets.
Sector Preferences
Clients are looking into tech, utilities, and other growth sectors while also considering defensive plays like utilities in anticipation of potential rate cuts.
North End Private Wealth
North End Private Wealth is a firm managing portfolios for normal individual investors, with just under a billion in assets under management and a positive influx of new capital.
Investment Preference
A preference for short-term bonds over long-term duration due to uncertain rate environments, especially focusing on floating rate and short duration investments.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg News Anchor Alix Steel reports on ConocoPhillips agreeing to acquire Marathon Oil in an all-stock deal valuing the company at about $17 billion, extending a major buying spree among the largest players in the US oil and gas industry. Zachariah Reitano, CEO at Ro and Bloomberg News Health Care Reporter Madison Muller talk about how weight-loss drug shortages lead to a Wegovy tracker by the telehealth startup. Bloomberg Businessweek Senior Reporter Amanda Mull shares the details of her Businessweek story Why Dave & Buster’s Is Turning Its Arcades Into Casinos. Mark Gibson, Americas CEO of Capital Markets at JLL, explains how Fed policy is impacting commercial real estate. And we Drive to the Close with Alex McGrath, CIO at NorthEnd Private Wealth. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.