Katherine Burton

2 weeks ago | news.bloomberglaw.com | Annie Massa |Katherine Burton

“My bad.”It was nearly 9 p.m. and Bill Ackman, public face of the billionaire class that embraced Donald Trump, was tweeting his way into the eye of the financial storm. World markets were reeling because Trump, to the smart money’s apparent surprise, was following through on his oft-repeated threats to impose punishing tariffs. Only months ago, Ackman celebrated Trump’s victory, predicting “the most pro-growth, pro-business, pro-American” administration he’d seen in his adult life.

2 weeks ago | news.bloomberglaw.com | Saleha Mohsin |Dawn Lim |Katherine Burton

From the moment President Donald Trump unveiled his sweeping tariffs Wednesday through the ensuing market mayhem the following day, Treasury Secretary Scott Bessent’s phone lit up with text messages from executives tied to his former industry. Multiple hedge fund managers and finance executives reached out, seeking his help in swaying Trump on the levies, according to people familiar with the matter.

1 month ago | news.bloombergtax.com | Gillian Tan |Katherine Burton

The names lining up behind Elon Musk read like a who’s who of big money: BlackRock, Fidelity, venture-capital giant Sequoia. And then there’s 1789 Capital. The upstart investment firm scored a hot ticket recently with Musk, Donald Trump’s wealthiest backer: a rare chance to invest directly in his AI venture, xAI, and his roughly $350 billion startup, SpaceX.

1 month ago | news.bloomberglaw.com | Gillian Tan |Katherine Burton

The names lining up behind Elon Musk read like a who’s who of big money: BlackRock, Fidelity, venture-capital giant Sequoia. And then there’s 1789 Capital. The upstart investment firm scored a hot ticket recently with Musk, Donald Trump’s wealthiest backer: a rare chance to invest directly in his AI venture, xAI, and his roughly $350 billion startup, SpaceX.

2 months ago | news.bloomberglaw.com | Jenny Leonard |Katherine Burton

President Donald Trump signed an executive action he said would direct officials to create a sovereign wealth fund for the US, following through on an idea he floated during the presidential campaign. “We have tremendous potential,” Trump told reporters in the Oval Office on Monday as he announced the move. The president said the action would charge Treasury Secretary Scott Bessent and Howard Lutnick, the nominee for Commerce secretary, with spearheading the effort.