USA – Page 9451 – Prologue Journal

Tight Fundraising Market Prompts Moves to Alter Private Equity’s Balance of Power

Wall Street Journal Growing numbers of institutional investors in funds are seeking more control over drawdowns and manager removal. https://www.wsj.com/articles/tight-fundraising-market-prompts-moves-to-alter-private-equitys-balance-of-power-eaabf9

Construction Industry Has Work, Needs More Workers

Wall Street Journal A surge in nonresidential building is keeping contractors busy and searching for talent. https://www.wsj.com/articles/construction-industry-has-work-needs-more-workers-da763703

Laid-Off Tech Workers Launch ‘Revenge Startups,’ but Money Is Drying Up

Wall Street Journal Venture-capital investors used to seek out founders who were quitting their tech jobs to launch businesses. Now that mass layoffs are pushing many people down the entrepreneurial path, venture investors have grown stingier. https://www.wsj.com/articles/laid-off-tech-workers-launch-revenge-startups-but-money-is-drying-up-6075941

AOC doubles down on ‘ignoring’ abortion rule, Clarence Thomas impeachment: ‘abuse of judicial overreach’

Fox News Rep. Alexandria Ocasio-Cortez, D-N.Y., took to Twitter Sunday afternoon to double down on her belief that the Biden administration should “simply ignore” a federal court’s injunction on a popular abortion pill. She also defended her push to impeach Supreme Court Justice Clarence Thomas. In a series of tweets, Ocasio-Cortez said the ruling was…

Private Equity’s Food Binge Goes Sour

Wall Street Journal Firms snapped up an orange-juice company, a dessert maker and other food and beverage companies using bundles of debt before interest rates started rising. https://www.wsj.com/articles/private-equitys-food-binge-goes-sour-dcb8a9a5

WSJ’s Evan Gershkovich: A Timeline of His Detainment

Wall Street Journal Wall Street Journal reporter Evan Gershkovich was detained in Russia on March 29 while on a reporting trip and accused of spying. Here’s a breakdown of the events surrounding his arrest and what comes next. https://www.wsj.com/articles/wsjs-evan-gershkovich-a-timeline-of-his-detainment-6a25a7fe

Auditors Didn’t Flag Risks Building Up in Banks

Wall Street Journal Bond losses such as those at Silicon Valley Bank could have been raised as “critical audit matters”—a measure designed to help investors decode risks and uncertainties buried in financial statements. https://www.wsj.com/articles/auditors-didnt-flag-risks-building-up-in-banks-6506585c

Tennessee’s Political Divisions Deepen Between State and Its Cities

Wall Street Journal The expulsion of two Democrats from the state House by Republican lawmakers is the latest episode of the political polarization playing out in red states with blue cities. https://www.wsj.com/articles/tennessees-political-divisions-deepen-between-state-and-its-cities-6ac062e2

Ozempic, Wegovy and Mounjaro Spark a Weight-Loss and Diet Industry Identity Crisis

Wall Street Journal Weight-loss businesses, which long pushed calorie-counting and willpower, are grappling with the surging popularity of new drugs. https://www.wsj.com/articles/ozempic-wegovy-mounjaro-weight-loss-industry-89419ecb

Stock Pickers Failed to Take Part in First-Quarter Rally

Wall Street Journal Bearish positioning and less exposure to the large technology stocks hurt active fund managers. https://www.wsj.com/articles/stock-pickers-failed-to-take-part-in-first-quarter-rally-db2f910f