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Dubai’s Bankers, Traders Return to City Contending With War

The lunch crowds had returned to the exclusive Arts Club in Dubai’s financial hub, and roads were starting to fill up again in the area. Many bankers, traders and executives who had temporarily relocated out of the United Arab Emirates after Iranian missiles targeted the country were beginning to stream back into offices.

By Laura Gardner Cuesta, Dinesh Nair, Omar El Chmouri and Zainab Fattah

Fed Sees Private Credit Redemptions as ‘Manageable’ Risks

The Federal Reserve said stability risks from further private credit redemption requests appear “limited and manageable,” after some of the biggest names in the market blocked investors from getting money out of their funds in recent months.

Fannie, Freddie’s Latest Bull Says Traders Underpricing IPO Odds

Fannie Mae and Freddie Mac investors are underestimating the chances of a public market re-entry from the mortgage giants after a lull in chatter around the names, according to Mizuho’s Dan Dolev.

Health Firms Odyssey, Mobia Fall After $454 Million IPO Haul

A pair of healthcare companies ended their trading debuts lower after raising a combined $454 million in their initial public offerings.

Dunkin’ Owner Inspire Brands Files Confidentially for US IPO

Inspire Brands Inc., the owner of fast-food chains Dunkin’, Arby’s and Jimmy John’s, filed confidentially for a US initial public offering.

NY Town Gas Explosion Litigation Spurs Insurance Coverage Feud

A Travelers Cos. unit sued a Zurich Insurance Group AG carrier over who should pay legal costs for lawsuits stemming from a 2023 gas explosion in a New York town.

Iran War Tests Wall Street Firms’ Addiction to Mideast Money

It was the question Mubadala Investment Co.’s Camilla Languille couldn’t escape all week.

Chubb Ends Suit Against Texas Company Over Oil, Gas Wastewater

Chubb Ltd. units ended a suit against a Texas wastewater disposal company seeking to avoid defense costs for litigation alleging escaped wastewater damaged underground oil and gas formations.

Hormuz Woes Seen Lingering Into Second Half, Goldman Poll Shows

Wall Street is growing more convinced that shipping through the Strait of Hormuz will remain impaired into the second half of the year, highlighting expectations for a longer-lasting supply shock.

First Reserve Bank of Cleveland Beats Long Covid Benefits Appeal

First Reserve Bank of Cleveland defeated a Sixth Circuit appeal by a former employee who said she was wrongly denied disability benefits on account of long-haul Covid-19.

Practitioner Insights

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Growth of Wealth-Driven Life Insurance Demands Scrutiny

Joshua Becker

Pillsbury

AI Hones Bet-the-Company Cases Early, Scaling Back Discovery Woes

Trey Cox

Gibson Dunn

Patent Lawyers Are Shields Protecting Inventions From AI Misuse

David Jordan

Fish

Can Businesses Win Fight Over Covid-19 Insurance Claims?

A growing number of businesses are suing their insurers over denied business interruption insurance claims due to the Covid-19 pandemic. But will they be successful?

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