LEVINE

Matt Levine

Bloomberg Opinion Columnist

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

@matt_levine

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Indonesia’s Coal-Powered Industrial Boom Is Testing Its Green Ambitions

Money Stuff

Coal Is Cool Now

Also VIX futures options, the Ripple ruling, private credit and portfolio manager pay.

DeepMind Technologies Ltd. Chief Executive Officer Demis Hassabis Interview

Money Stuff

AI Companies Almost Get Bought

Acquihires, cash sweeps, Coke taxes and KKR’s TRA.

SEC Probing Boeing's Safety Claims After Panel Blew Off Plane

Money Stuff

BitClout Wasn’t So Decentralized

Also Google, not-so-privileged emails, unwinds and broker outages.

The New York Stock Exchange As US Stocks Rise

Money Stuff

The Good Trades Have Gone Bad

Crowding, retail broker outages, crypto asset prices, AI acquihires and Trump Media investors.

Pershing Square Capital Management LP Chief Executive Officer Bill Ackman Interview

Money Stuff

Bill Ackman Raised No Money

PSUS was pulled, QXO did great, and IRL and CrowdStrike got sued.

Wells Fargo Ahead Of Earnings Figures

Money Stuff

Fake Job Interviews Are Securities Fraud

Also bad passwords are securities fraud, the Pershing Square USA IPO, Raiffeissen in Russia, index-fund ownership caps and musical NFTs.

Phillips 66 CEO Mark Lashier Interview

Money Stuff

Due Diligence Can Be Risky

Also Andrew Left, sanctioned invoices, Bill Ackman and Rich Handler.

Short Seller Andrew Left Is Living in Fear of the Feds

Money Stuff

Andrew Left Wasn’t Short for Long

Also a podcast.

Pershing Square Capital Management LP Chief Executive Officer Bill Ackman Interview

Money Stuff

Bill Ackman Wants Less Money

PSUS, Citi loan files, is CrowdStrike securities fraud and Gary Gensler’s cell phone.

Blackstone As Earnings Figures Released

Money Stuff

Private Equity Puts Debt Everywhere

Also an X poll, debanking, more QXO and personalized pricing.

Tesla CEO Defends Massive Pay In Delaware Court

Money Stuff

Don’t Loot the Scams

Thomas Braziel, M&A fee certainty, Alexa economics and hedge-fund vibes.

CME Group Headquarters Ahead Of Earnings Figures

Money Stuff

Bad Trades Are Also Valuable

FX backrunning, crypto interns, Ray Dalio’s non-compete, Ozempic and HBS.

FTC Non-Compete Ban Slammed By Business Groups As Unworkable

Money Stuff

Maybe Good Governance Is Bad

Also block trades, Brookfield stock ownership, Helion Energy, a stegosaurus and a night at the Spaniard.

Truth Social As Trump's Social Media Company Approved To Go Public

Money Stuff

Trump Media Has Some Stock to Sell

Also single-private-stock funds, Carlos Watson and money buying happiness.

Pershing Square Capital Management LP Chief Executive Officer Bill Ackman Interview

Money Stuff

Bill Ackman Can Tweet His New Fund

Also insurers buy mortgages, Deutsche Bank prefers larger fees and an LLM learns Excel.

The Allen & Co. Media And Technology Conference

Money Stuff

OpenAI Might Have Lucrative NDAs

Also sports gambling limits, Stripe, stablecoins and memecoins.

Qatar Economic Forum 2024 Opening Day

Money Stuff

Banks Can Outsource Their Trades

Citadel Securities, Bill Hwang, Bill Ackman’s greenshoe, the Purdue Pharma bankruptcy and life on Mars.

One of Europe’s Hottest Cities Seville Rediscovers an Old Cooling Technique

Money Stuff

Jefferies Funded Some Fake Water

Also Aspiration tree planting, OpenAI board seats and popping balance balls.

Ex-Celsius CEO Alex Mashinsky Attends Court

Money Stuff

Celsius Wants Some Money Back

Also Bobby Jain, Bill Ackman, Vlad Artamonov and frozen heads.

The Allen & Co. Media And Technology Conference

Money Stuff

Paramount Did Its Deal

Also empty voting, private credit, accredited investors and algorithmic FX.