Blackstone Inc. President Jon Gray said people underestimate the firm’s $310 billion wealth franchise amid retail investors’ concerns over private credit and other alternative assets.

SpaceX’s plan for a massive initial public offering has been the talk of the investing world this spring. Yet the confetti will barely have been swept off the floor of the Nasdaq when listings from OpenAI and Anthropic PBC get going. The firms, which are among the most influential in artificial intelligence, are expected to go public as soon as the fall.

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Herbert Smith Freehills Kramer is setting its sights on Texas as part of the transatlantic law firm’s plan to double its US revenue to $1 billion in the next five years.

Davis Polk & Wardwell, Slaughter and May, Ropes & Gray and Sidley Austin steered GSK Plc’s plans to purchase Nuvalent Inc. for $10.6 billion.

Ratings that underpin a growing slice of the $1.8 trillion private-credit market, the hottest corner of Wall Street in recent years, are systematically understating investment risk, according to a new study by Columbia Business School researchers.