Bosa/Wu: Private equity is about to eat its own software portfolio

Private equity built the SaaS installed base. It may also be the one that rips it out.
Sam Altman faced ‘serious questions’ in meeting with lawmakers about OpenAI’s defense work

OpenAI CEO Sam Altman met with a handful of lawmakers in Washington, D.C., to discuss the company’s work with the Defense Department.
Adobe CEO Shantanu Narayen says he will step down as CEO after successor has been named

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WNBA players say they’re ‘feeling movement’ as league, union push toward landmark CBA

The WNBA season is set to kick off Friday, May 8, and the draft is scheduled for April 13.
The market won’t bottom until investors get more scared. Watch this ‘VIX’ level

Stocks still have a long way to go before selling pressure stemming from the Middle East conflict subsides, according to Wolfe Research.
Markets hopes for Fed interest rate cuts are rapidly fading away

As both energy prices and inflation fears pop higher, expectations for cuts are sliding lower.
Iran War: U.S. Navy will escort vessels through Strait of Hormuz as soon as ‘militarily possible,’ Bessent tells Sky News

The Strait of Hormuz has been effectively closed to shipping because of the war against Iran by the U.S. and Israel.
Iran Supreme Leader Mojtaba Khamenei has verified account on X, Elon Musk’s platform

The newly created account was busy posting on Thursday, its first day being active on the X social media platform.
Microsoft top Office executive Rajesh Jha retiring after more than 35 years

Rajesh Jha helped Microsoft bring to market an artificial intelligence assistant containing OpenAI models for its Office productivity customers.
The conditions are just right for this dividend-paying pharma stock as it mounts a comeback

This darling of the Covid era has given back considerable gains in recent years, but it could be on the verge of a turnaround.