A ‘Shadow’ Lending Market in the U.S., Funded by Insurance Premiums Apollo was the first to use annuities to build a major financing business. Others followed, driving the growth of the private lending market and worrying regulators.
The Moral Crisis of America’s Doctors The corporatization of health care has changed the practice of medicine, causing many physicians to feel alienated from their work.
Adams Faces Criticism on Film Studio Development Deal Generous incentives will secure a project that keeps New York’s motion picture industry competitive, officials say. Critics call the price too steep.
Is Tucker Carlson Too Hot for Twitter to Handle? Elon Musk didn’t exactly give the conservative media star a warm embrace, suggesting the outspoken owner has reservations.
Bank Turmoil Is Paving the Way for Even Bigger ‘Shadow Banks’ The market for loans from non-bank firms like Apollo and Blackstone is booming. A crisis in regional lenders could accelerate it.