WSJ Banking
@WSJBanking
Followers
178K
Following
485
Media
29
Statuses
18K
The latest scoops and features from @WSJ’s Wall Street team covering banking, private equity, M&A, IPOs, activism, hedge funds, fintech and more.
New York, NY
Joined April 2009
Santee Cooper, a big power provider in South Carolina, is in advanced talks to sell a pair of inactive nuclear reactors to Brookfield Asset Management that could power data centers underpinning the AI boom
wsj.com
Nuclear energy is having a comeback as big tech’s AI push stokes demand.
2
7
9
When news broke that Travis Kelce was teaming up with activist Jana Partners to invest in and try to save Six Flags I got a lot of texts asking “wtf?” Well read this to understand how it came together! 🎢🎢🎢 W/ @jepassy and @andrewlbeaton
wsj.com
The football star is enthusiastically backing a hedge fund that’s looking to shake America’s largest theme-park operator out of its funk. ‘I could not pass this opportunity up, man.’
1
8
34
🚨🚨🚨SCOOP: An activist pushing for big changes at Six Flags has teamed up with Travis Kelce. Jana Partners, Kelce and other investors have a combined stake of about 9% of the theme-park operator’s shares. $SIX https://t.co/WADizRkG7Y
wsj.com
Jana Partners built a 9% stake in the theme-park operator with a group that includes the Kansas City Chiefs tight end.
2
5
23
Breaking: NFL star Travis Kelce and activist investor Jana Partners are part of a group pushing for changes at Six Flags, including evaluating a potential sale
wsj.com
Jana Partners built a 9% stake in the theme-park operator with a group that includes the Kansas City Chiefs tight end.
26
110
985
New: The U.S. is currently finalizing a $40 billion bailout of Argentina, including a $20bn loan to be provided by a number of big banks. But they're struggling to put together a deal that protects them from the bad credit of the virtually-bankrupt South American country...
21
72
162
Exclusive: Coinbase has struck a roughly $375 million deal to acquire Echo, a platform that allows crypto companies to quickly raise capital directly on the blockchain
wsj.com
The transaction is the eighth deal by Coinbase this year.
27
16
37
Warner says it is exploring various options including potential sale of some or all company in response to outside interest. Paramount is in the mix and Comcast expected to take a look. W/@laurenthomas
https://t.co/JZTfyCkd6q via @WSJ
wsj.com
The company said it is exploring a potential sale of all or some of its media holdings, which include the Warner Bros. movie and television studios, HBO and cable networks including CNN and TNT.
0
4
10
SCOOP: Activist Jana Partners has built a stake in Cooper Companies, the big contact-lens maker, and plans to push for a strategic review and other changes to help lift shares. $COO https://t.co/QNZzINUDLT
wsj.com
Bausch + Lomb’s CEO, a regular dealmaker, said he would be interested.
0
2
26
I explored JPMorgan’s new $3 billion headquarters, one of New York City’s tallest skyscrapers. It’s Jamie Dimon’s love letter to the workplace, and to Wall Street. Read more about it in @WSJ:
wsj.com
The CEO of JPMorgan Chase spent six years putting his stamp on a shiny new headquarters, a skyscraper that he hopes will revive the glory of the office.
0
1
20
💄💄💄SCOOP: Gucci parent Kering is nearing a $4 billion sale of its beauty business to L’Oréal. Announcement could come Monday. W/ @BenDummett and @Nick_Kostov
wsj.com
A deal would be an early move by new Kering CEO Luca de Meo to revive the luxury giant’s fortunes.
0
6
24
“I hope Mamdani is going to give out free Xanax!” New York’s upper crust believe they’re on the verge of being disenfranchised. My dispatch from the Upper East Side, the single best place to observe the anxieties of the 1%.
wsj.com
The city’s 1% realize their influence is waning: “It’s hard to be chill and relaxed.”
3
5
8
Exclusive: Goldman Sachs is pushing further into the market for financing data centers and other AI projects
wsj.com
A new team will focus on deals to finance data centers and other artificial-intelligence projects.
15
24
56
Jefferies Financial Group appears to have calmed investors’ worst fears about the bank’s involvement in the collapse of auto parts maker First Brands Group.
wsj.com
Rich Handler doesn’t see the collapse of the auto-parts supplier as sign of broader credit issues.
10
31
85
NEW with @gladstonea: How Jefferies found itself at the center of First Brands’ collapse https://t.co/CmBj0pEUzC
wsj.com
The investment bank’s deep ties to the auto-parts maker are likely to draw questions at its annual investor day Thursday
2
4
11
Exclusive: Johnson & Johnson is in talks to buy Protagonist Therapeutics in a deal that would solidify the companies’ existing partnership in creating a treatment for ulcerative colitis
wsj.com
The two companies are already codeveloping a treatment for ulcerative colitis.
15
14
41
Wall Street is angling to put private assets into retirement plans, but only 10% of 401(k) investors are dissatisfied with their current offerings, according to a Harris Poll survey on behalf of WSJ
wsj.com
Survey by Harris Poll on behalf of WSJ finds that only 10% of respondents are dissatisfied with their 401(k) investment offerings; yet many Americans are persuadable.
12
12
51
The planned Fannie Mae and Freddie Mac offering is prompting one of the strangest “bake-offs” ever
wsj.com
The planned Fannie Mae and Freddie Mac offering is prompting one of the strangest “bake-offs” ever.
14
12
23
Elon Musk is accumulating a vast land empire in the Mississippi Delta. xAI's newest data center is in Memphis and it is building a power plant Mississippi. Its arrival has kindled hope of a much-awaited economic renaissance, but some locals don’t like what they're seeing... 🧵
2
5
15