Blue Owl Capital Sets Off New Fears About the Private Credit Industry – The New York Times

Blue Owl Capital Sets Off New Fears About the Private Credit Industry – The New York Times

Shares of Blue Owl Capital, the giant private lender, plunged on Thursday after the company announced that it was changing how investors can get their money out from one of its funds, raising fresh concerns about potential problems lurking in the private credit industry.

Blue Owl said investors would not be able to ask for a set amount of money back every quarter. Going forward, the firm will decide how much it will pay out quarterly.

Trump order seeks to protect weedkiller at center of barrage of lawsuits | Pesticides | The Guardian

Trump order seeks to protect weedkiller at center of barrage of lawsuits | Pesticides | The Guardian

Donald Trump has signed an executive order protecting production of glyphosate-based herbicides, such as Roundup, which some bodies and studies have linked to cancer and which are the subject of widespread US litigation.

The president’s move, which also seeks to provide “immunity” for makers of the herbicides, was strongly criticized by health and environmental advocates including some figures in the Make America Healthy Again (Maha) coalition.

Trump Directs USDA to Boost Production of Glyphosate | Civil Eats

Trump Directs USDA to Boost Production of Glyphosate | Civil Eats

The new order directs the Agriculture Secretary to consult with the Secretary of War to determine the materials, services, and facilities needed nationwide “to ensure a continued and adequate supply of elemental phosphorus and glyphosate-based herbicides.”

It also waives the liability of companies complying with the order and says that the Secretary of Agriculture will ensure “that any order, rule, or regulation issued under this section does not place the corporate viability of any domestic producer of elemental phosphorus or glyphosate-based herbicides at risk.”