Stock in private firms; active managers and investors
Apple has filed a trade‑secrets lawsuit accusing OpenAI of stealing hardware-related information and poaching more than 400 employees. Apple has delayed its smart‑glasses launch to June 2027 and pushed consumer availability to late 2027 while it refocuses on Siri‑driven AI, privacy controls and developer support. The sector is also seeing rising competition from Chinese open‑weight models and growing investment in open AI infrastructure.
The bipartisan ROAD to Housing Act has cleared major hurdles in both chambers, capping single-family home purchases by large investors at 350 units and removing a seven-year sell-off requirement. The measure aims to boost housing supply and affordability while streamlining environmental reviews and funding housing initiatives.
The Scotland 500 shows private equity now owns nearly 60% of listed Scottish firms, underscoring international investor interest in Scotland’s traditional sectors evolving into high-growth businesses. Origo and Vespa Capital are highlighted as unicorn ambitions, while BR-DGE expands beyond gaming to enterprise payments.
Jersey Mike’s is preparing to list on the New York Stock Exchange after a Blackstone-led deal values the chain at about $8 billion. The S-1 shows plans for rapid expansion to roughly 7,500 U.S. stores and up to 15,000 globally, with Canada and the U.K. & Ireland targeted. The menu is positioned as protein-forward, aligning with demand for GLP-1 weight-loss drugs.