A management fund tied to left-wing billionaire George Soros has bought up over $400 million in radio giant Audacy’s debt, reportedly setting the fund up to be the company’s top shareholder.
Scott Bessent, a billionaire investor, expects the stock market to continue to rally whenever former President Donald Trump leads Democrat President Joe Biden in general election polling. If Trump beats Biden in November, Bessent expects a huge and long-sustained boom in the market.
Media company Vice filed for Chapter 11 bankruptcy protection on Monday morning to facilitate its sale as a group of lenders including Soros Fund Management stand ready to acquire the troubled outlet.
