Exploring CLOs, TikTok Advertising, and India's AI Ambition

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Collateralized Loan Obligations (CLOs) are comprised of risky junk loans but are diversified, transparent, and have structural enhancements to mitigate risk for investors. The trend of investors investing in CLOs in Europe depends on the availability of junk loans from strong leverage buyout and M&A activities. TikTok advertising is significant with agencies adapting contracts to include a 'kill clause' in case of a ban and exploring other social media platforms. India aims to become a leading AI hub, attracting investments from major tech giants like Microsoft and Amazon to develop AI infrastructure in the country.

The EU has devised a legal workaround to sidestep Hungary’s veto on buying weapons for Ukraine, investment vehicles that scoop up risky loans are being launched at a record rate in Europe this year, and agencies representing TikTok’s biggest advertisers are drawing up contingency plans as the US prepares to ban the popular video app. Plus, Amazon and Microsoft are scaling up infrastructure investments for artificial intelligence in India.

Mentioned in this podcast:

EU devises legal loophole to bypass Hungary veto on support for Ukraine

European CLO issuance hits record rate as investors chase yields

India pulls in tech giants for its AI ambitions

TikTok advertisers prepare contingency plans as US ban looms

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

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