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Why a $2 Billion Law Firm Suddenly Collapsed

3 hours 35 minutes ago
At the end of October, seemingly overnight, a major law firm called Weil Gotshal announced it was winding down after a number of partners departed and talks of a merger with another firm failed. So how did a $2 billion big law firm collapse in the span of a few weeks? In 2015, Yale Law professor John Morley published a paper called "Why Law Firms Collapse," that now looks very prescient, with his idea of a “partner run," or the law firm version of a bank run. What is especially interesting about Morley's paper is his forensic examination of partner-led businesses and the idea that the model might be inherently fragile. In this episode, we talk to Morley about his newly relevant paper, the collapse of Weil Gotshal, whether AI will really change how law firms are run, and the future of big law. (Source: Bloomberg)

Investors Eye Europe Amid Volatility: Market Snapshot

4 hours 13 minutes ago
Investors began the week on an optimistic note with the tech sector helping stocks recover from a global selloff. They were however dealt a mixed hand. News of Anthropic's blockbuster IPO and Coreweave results helped fuel sentiment but markets also grappled with post midterm capital rotation before being hit by a scandal involving Nvidia's CEO Jensen Huang. The Opening Trade spoke to market experts and industry leaders as a volatile week rattled the AI trade but could see Europe benefit from recent market turmoil as investors seek safe harbour. (Source: Bloomberg)

Cameron: Do ‘Whatever It Takes’ to Tackle Migration

4 hours 33 minutes ago
Former British Prime Minister David Cameron says centrist politicians in the UK have not done enough to tackle small boats and illegal migration. Speaking on The Mishal Husain show, he advocates for the UK to leave the European Convention on Human Rights. (Source: Bloomberg)

Nvidia Replaces Huang as Lutnick Faces Scrutiny on China

4 hours 54 minutes ago
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from Berlin, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. Nvidia Chief Executive Officer Jensen Huang, the preeminent face of the AI infrastructure boom, was ousted from his post after reports of three affairs, including one with a woman suspected of spying for China. Longtime Chief Financial Officer Colette Kress is taking the job of interim CEO, Nvidia said on Thursday Anthropic initial public offering has drawn about six times the orders for the shares available, according to people familiar with the matter, as interest increases for potentially the biggest first-time share sale ever. Today's guest: Madeleine Ronner, DWS, Senior Portfolio Manager, Global Equities. (Source: Bloomberg)

Nvidia Crisis to Bring More US Chip Regulation, Says DWS's Ronner

5 hours 32 minutes ago
Madeleine Ronner, Senior Portfolio Manager, Global Equities at DWS, says she expects more scrutiny to come regarding US chip export controls to countries like China. It follows the ousting of Jensen Huang as Nvidia CEO after he was accused of multiple affairs, including one woman suspected of spying for China. Ronner was speaking to Bloomberg TV's Daybreak Europe. (Source: Bloomberg)
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