<div class="section-block section-executivesummary”> Sen. Dianne Feinstein’s husband, Richard Blum, sold $1.5 million to $6 million of Allogene Therapeutics stock between January 31 and February 18, 2020, near the stock’s 2020 lows. The trades occurred just before markets broadly reacted to COVID-19 and before Allogene’s share price rebounded in early March 2020. Feinstein says she had …
<div class="section-block section-executivesummary”> Stress is building in leveraged and private credit, with rising defaults, weaker coverage ratios, and more payment-in-kind financing among lower-rated borrowers. Investment-grade credit remains relatively stable and in demand, but tight spreads—especially in high yield—offer limited compensation for growing downside risks. Private credit’s rapid growth, looser covenants, and opacity mask potential vulnerabilities …
Rising Risks in Credit Markets: Private Credit & High-Yield Under Pressure Read More »
