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After hitting an all-time high for its fifth winning day in a row, the Dow is now outpacing the S&P 500 this year.
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Private sector hiring grew by 44,000 jobs in July, while pay increased 4.4% year-over-year, payroll giant ADP reported Wednesday, as the pace of hiring slowed this summer.
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Employers have grappled with soaring demand for GLP-1 drugs such as Ozempic and Wegovy, which can cost thousands of dollars per patient annually.
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The July gains came after Citadel acquired the bulk of the public-stock portfolio formerly held by Situational Awareness late last month.
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L Catterton has agreed to sell science-backed wellness company Thorne to Procter & Gamble in a $3.8bn cash transaction, less than three years after investing in the business.
The post Deal Roundup: L Catterton agrees $3.8bn Thorne sale, Gryphon exits Jensen Hughes to New Mountain appeared first on AltAssets Private Equity News.
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