American alternative-investment asset manager, NYSE-listed (OWL)
The Walmart heir Lukas Walton and his wife have acquired a minority stake in the Chicago Bulls and the United Center, with the Reinsdorf and Wirtz families retaining controlling ownership. The deal values and stake size were not disclosed, but reports indicate a roughly 10% share for the Waltons. The transaction includes part of the United Center, home to the Bulls and the Blackhawks, and follows previous private equity moves into NBA teams.
Meta has expanded its Hyperion AI data center in Richland Parish, Louisiana to at least 5 gigawatts of compute capacity at a cost surpassing $50 billion. The project, already a major AI infrastructure push, is expected to create over 1,000 jobs and bring billions in local contracts and infrastructure investments.
Companies like Kalshi are expanding prediction markets to biotech trials, linking drug trial outcomes to tradable contracts. Bloomberg and The Guardian report Kalshi’s pilot, its safeguards, and regulatory concerns, as markets push for open data on trial probabilities amid regulatory decisions.
Oracle has issued a force majeure notice to Blue Owl Capital related to Project Jupiter, delaying payments if the data center misses its 2028 online target. Oracle says the project remains on schedule, while investors weigh the potential impact on cloud capacity and revenue.