Harvard University’s endowment is considering reducing its exposure to China as U.S. public and private institutions reconsider their China risk, Bloomberg reported. New allocations of money to Chinese private equity have fallen to the lowest since 2018, according to Preqin. Some state pension funds are also reassessing their positions. The pullback comes as Chinese public markets take a...
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The Briefing Markets
Musk Throws Shade at Twitter CEO (and Securities Rules)
It’s day 43 in the Elon Musk–Twitter saga—and things are getting even weirder. Today we witnessed the bizarre spectacle of Elon Musk tweeting a poop emoji at Parag Agrawal after the Twitter CEO tried to clarify the company’s procedures for keeping spam bots at bay. A short time later, Bloomberg reported that Musk had told a private conference in Miami a viable deal for Twitter at a lower price...
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