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AP Trending SummaryBrief at 6:06 p.m. ESTIn light of this tragic incident, it is essential for both consumers and practitioners of massage therapy to exercise caution and mindfulness when engaging in massage sessions. Clients should communicate their needs, concerns, and medical history to their therapists, while therapists should strive to adhere to best practices, professional standards, and ethical guidelines to ensure the safety and well-being of their clients.
LONDON: BlackRock Inc is nearing a deal to buy HPS Investment Partners, a purchase that would vault the firm into the top ranks of private credit as it seeks to become a major force in alternative assets. An agreement could be announced as early as the coming week and value HPS at US$12bil or more, according to people with knowledge of the matter. BlackRock will pay for HPS with a mix of cash and stock, they said. Bloomberg News reported in October that BlackRock was interested in acquiring HPS and later that talks about a purchase were advancing and both sides were seeking a deal by end of the year. The Financial Times reported in November that a transaction was close. The deal would leave BlackRock, which manages US$11.5 trillion, with more than US$500bil of alternative assets. While discussions are in the final stages, they could still be delayed or falter, the people said, asking not to be identified because the information is private. A representative for BlackRock declined to comment, while spokespeople for HPS didn’t immediately respond to requests for comment. BlackRock chief executive officer Larry Fink has moved aggressively to expand in private markets, and buying HPS would mean BlackRock has clinched the two largest-ever acquisitions of alternative asset managers in less than a year. BlackRock, already the biggest manager of public equity and bond portfolios, is seeking to replicate that scale in the private assets increasingly sought by pensions, insurers, sovereign wealth funds and rich individuals. In October, the company completed a US$12.5bil acquisition of Global Infrastructure Partners, making BlackRock the second-largest manager of infrastructure assets with about US$170bil. It’s already in the final stages of completing a £2.55bil (US$3.25bil) deal for private markets data provider Preqin, which Fink has vowed will help the firm “index the private markets” and lay the groundwork to tie exchange-traded funds to alternative assets. HPS would turbocharge BlackRock’s ability to compete in one of finance’s hottest and most lucrative areas: private credit. HPS manages US$123bil in private credit, making it one of the largest independent managers in that surging US$1.6 trillion market. It oversees an additional US$22bil in public credit and has more than 760 employees. Founded in 2007 by Scott Kapnick, Scot French and Mike Patterson, the firm bought itself out of JPMorgan Chase & Co in 2016 in a deal that valued it at almost US$1bil. With HPS, BlackRock’s alternative investments business would be larger than that of Carlyle Group Inc and begin to rival, at least in size, private-asset leaders such as KKR & Co and Apollo Global Management Inc. Blackstone Inc is still considerably larger, with about US$1.1 trillion of assets at the end of the third quarter. BlackRock’s expansion into private markets would add considerable revenue and profit to the firm, as investors shifted aggressively over the past decade to low-cost index funds and exchange-traded funds, and away from higher-fee active mutual funds. — BloombergTrump Just Provided Details for His Dystopic and Sweeping Presidential Agenda
The case, which has gripped the nation and sent shockwaves through the insurance industry, began unfolding when Sarah Johnson was found brutally murdered in her home last month. As the CEO of one of the largest insurance companies in the country, Johnson was a highly respected figure known for her strategic leadership and innovative approach to the industry.
As Wang Chuqin leads the Chinese table tennis team to victory after victory, he serves as a shining example of what can be achieved through hard work, perseverance, and dedication. His journey to the top of the world rankings is a testament to his talent and his unwavering commitment to excellence.Furthermore, Tencent Video has introduced new features and services for its members, such as ad-free viewing, early access to new episodes, and discounts on merchandise and events. By providing additional incentives to its subscribers, Tencent Video hopes to increase customer loyalty and engagement on the platform.
President Bola Tinubu has called on the National Assembly to prioritise funding for Nigeria’s space programme to ensure the nation plays a leading role in the fourth industrial revolution. The President gave the charge on Monday at the celebration of the event, Nigeria’s 25 years in Space and Technology, organised by the National Space Research and Development Agency, at the Banquet hall of the State House, Abuja. President Tinubu who was represented by Minister of Innovation, Science and Technology, Chief Uche Nnaji, called for strengthening of the Act establishing the National Space Research and Development Agency to help the Nigerian space ecosystem become vibrant in its engagements, locally and internationally. He further called for efforts to ensure the integration and mainstreaming of the private sector into the heart of Nigeria’s space program to enable the country to maximise opportunities in the coming years for national development. According to him: “Great effort should be made to ensure that the private sector is meanstraim into the heart of our space program for us to do more in the coming years for our national development. “I am glad that we have a good number of the legislators here to celebrate this milestone together. I therefore called upon our legislature to prioritise the funding for our space programme to ensure we play a leading role in this fourth industrial revolution. There is also a need to strengthen the Act that established NASRDA to help the Nigerian space ecosystem to be more vibrant in its engagements, locally and internationally. “Similarly, the sector will require improved budgetary support to be able to accomplish its programmes, whose outcomes can bring massive socio-economic dividends to Nigeria and her citizens. This will also solidify Nigeria’s standing as a leading space-faring country in Africa and further boost her image to competitively attract foreign direct investment because of our locational advantage for cheaper launching services. The President assured NASDRA and all stakeholders of his support in meeting future challenges and exploring better dividends of science and technology for Nigeria’s greatness. He expressed hope in the nation’s space ecosystem, assuring that the years ahead will see Nigeria maintain her leading position in Africa as well as engage more with other space-faring nations. His words: “The years ahead are likely to be very challenging because of the ever-changing developments in science and technology, but it is a journey that I am determined to robustly support. The sector promised to bring better and greater dividends to our country than had been experienced. It is my wish that the years ahead will see the Nigerian Space Ecosystem flourishing and doing much better, maintaining its leading position in Africa, and engaging more with the other space-faring nations to contribute to our national socioeconomic development and the safety of our nation and the world at large”. President Tinubu lauded NASRDA’s efforts in engaging the benefits of space to further facilitate national development and noted the development and launch of major space programs such as the development of indigenous human capacities in space science and technology as well as the production and launch of space satellites to outer orbits. The President said: “I am aware that in the quest by NASRDA to bring the benefits of space for national development, it has developed and launched major space programmes. Some of those programmes include the development of Indigenous human capacities in space science and technology; the production and launch of space satellites to outer orbits to provide various socioeconomic and environmental services; collaboration with the Nigerian Military to develop capacity in the use of space for tactical services; and increased involvement of the private-public, and institutional participation in space activities. “Some of these efforts have yielded a lot of good dividends such as the creation of the Nigerian Communications Limited (NigComsat Ltd.), a leading institution in satellite communications in Africa. Similarly, through the strategic partnership with the Nigerian Military, the Defence Space Administration (DSA) was created to widen the use of space by the Nigerian Military, as it is done in the advanced countries of the world. “Today, the Synergy between NASRDA, NigComsat Ltd., and DSA has led to tripodal support upon which an advanced and more robust national space programme will be built shortly. “All these giant strides made by this important sector of our dear country are notable and noble with the launch of seven satellites and effort in top gear to launch an additional four satellites within the lifespan of this administration”. Also speaking, Minister of Innovation, Science and Technology, Chief Uche Nnaji, said the projected $ 1.8 trillion global space economy will influence industries such as supply chain logistics, agriculture, defence and digital communications in the country. Nnaji added that the targeted sectors are expected to generate over 60% of new economic value from space-enabled technologies for Nigeria. In his goodwill message, Managing Director/CEO of the Nigerian_Communications_Satellite NIGCOMSAT, Mrs. Nkechi Egerton-Idehen said the anniversary of Nigeria’s 25years in Space and technology, is proof of Nigeria’s vision, resilience and unyielding commitment to harnessing the vast potential of space science and technology for national development. Egerton-Idehen said Nigeria’s successful journey in the space industry has been a success story of the collaborative symphony of innovation, determination and excellence. She applauded the synergy between NIGCOMSAT, the National Space Research and Development Agency and other partners adding that the stakeholders have unlocked new horizons in communication, security, agriculture and disaster management. According to her: “Together, we have unlocked new horizons in communication, security, agriculture and disaster management, bringing real value to our people and positioning Nigeria as a leader in Africa’s space ecosystem. From the launch of our first satellite, NigeriaSat-1, to the groundbreaking work of NASRDA, the critical innovations of the Defence Space Administration, and the reliable connectivity provided by NIGCOMSAT, “Our journey has been a collaborative symphony of innovation, determination and excellence. Together, we have unlocked new horizons in communication, security, agriculture and disaster management, bringing real value to our people and positioning Nigeria as a leader in Africa’s space ecosystem”. Deji Elumoye Follow us on:
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Gamers, Power Up Your Game! Tesla Stock Market Simulator Coming to Your DevicesAP Trending SummaryBrief at 6:06 p.m. ESTThis sculpture was not just a random piece of art; it held a deep and tragic story behind its creation. It was inspired by a real-life event that forever changed the life of the sculptor, who happened to be the younger brother of a father.
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In addition to the on-ice and on-snow action, the 2026 Milan Winter Olympics will also feature a variety of cultural events and entertainment options for spectators to enjoy. From traditional Italian performances to modern art exhibitions, the games aim to celebrate the rich cultural heritage of the host country and provide a memorable experience for attendees.
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