Medical Properties Trust, the country’s largest hospital landlord, said it would record about $350 million of write-downs related to its largest tenant, which had fallen behind on its rent, and hired a well-known restructuring adviser. MPT, which had long supported Dallas-based Steward Health Care System, said more write-downs are possible. The news, released Thursday after … Read more
Updated Jan. 4, 2024 1:26 pm ET WASHINGTON—China and Saudi Arabia topped a list of 20 countries whose governments or state-linked entities pumped millions of dollars into Donald Trump’s properties while he was president, according to a new report and previously undisclosed records that shed light on Trump’s potential business conflicts as he seeks a … Read more
Updated Dec. 22, 2023 11:13 am ET TOKYO—Japan will provide Patriot missiles to the U.S., bolstering global stocks as Ukraine defends itself from a new wave of Russian missile attacks, the U.S. and Japanese governments said. Tokyo is set to transfer dozens of the interceptor missiles, which are used to shoot down ballistic missiles and other aerial threats, … Read more
Updated Dec. 22, 2023 11:08 am ET North Korea appears to be operating a more powerful reactor for producing plutonium at its main nuclear site for the first time, the United Nations atomic agency said late Thursday, days after Pyongyang tested an intercontinental ballistic missile that could reach across the U.S. International Atomic Energy Agency … Read more
Updated Dec. 9, 2023 12:32 pm ET Listen to article (2 minutes) Israeli soldiers clashed with Hamas militants in the narrow streets of some of Gaza City’s oldest and most crowded neighborhoods, with blasts severely damaging a large seventh-century mosque and setting some residential buildings ablaze. The Israeli military on Saturday instructed the remaining residents … Read more
The real estate division of PGIM, the $1.3tn US-headquartered asset manager, has launched an innovation lab, partnering with University College London and other global institutions to develop new technologies. The lab, RealAssetX, will tap more than 50 years of data from PGIM Real Estate — as well as from third parties — to develop new technologies … Read more
After an epic first day of trading on the Nasdaq, VinFast (ticker: VFS) closed at $37.06, up 255%, giving the EV start-up a market capitalization of roughly $86 billion. That’s more than the market cap of Ford Motor (F), General Motors (GM), Volkswagen (VOW3.Germany), and BMW (BMW.Germany). It’s even more than Hyundai Motor (005830.Korea) and … Read more