Tech-focused secondaries direct investor Savano Capital Partners has closed its fourth flagship fund on $252m, exceeding its fundraising target and marking a step-change in the firm's institutional investor base with its first-ever commitments from public pension plans.
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Medicare Advantage plans could be the winners of a decision by the Trump administration to put an early end to a program that kept the cost of Medicare prescription drug plans lower.
China and the U.S. agreed to a cease-fire in a trade battle that has shaken global markets, with the U.S. postponing plans to increase tariffs on $200 billion in Chinese goods and the two sides entering negotiations on other contentious issues.