Blue Owl Hit with $5.4bn Redemption Requests

The private credit firm Blue Owl has capped withdrawals following investors trying to pull more than 40% from a single fund. The US Treasury has called in regulators to discuss private credit risks.

SpaceX reportedly confidentially filing for IPO

May Delivery WTI Rises to $108 Per Barrel

 CLK6 has risen 8% to $108.22 with 135K contracts traded.

Mistral's $830m Debt Raise for Europe Data Centres

Mistral ("Frontier AI. In your hands"), a French AI startup led by ex-DeepMind Arthur Mensch, which has a "Donkey Kong room" in its Paris office, and not to be confused with Mistral Group (UK bus and coach provider), has raised money from a consortium of banks to run a new data center powered by Nvidia chips. A non-exhaustive list of banks involved include HSBC Holdings, Mitsubishi UFJ Financial Group, BNP Paribas ("The bank for a changing world") and Credit Agricole CIB.

Decacorns

A decacorn is a privately held startup valued at more than $10bn - an extremely rate tier above "unicorn" status.  It is used in the venture capital world to denote exceptional scale, investor confidence and global growth potential.

Freight Fraud in Focus as KitKat Laments Loss of 400,000 chocolate bars

A truck carrying 400,000 chocolate bars has gone missing between production and distribution facilities in Europe. Happening a week before Easter, this has led to Nestlé issuing a warning that this could "lead to a shortage of KitKat on shelves". Concerns that such cargo crimes will be accelerated by AI has been expressed by global non-profit TAPA EMEA (Transported Asset Protection Association).

UK spread-better IG could move to the US

UK spread-better IG, which joined the FTSE100 recently, has launched a strategic review of its domicile.