Energy trader Pierre Andurand’s largest hedge fund lost approximately 52% in the first half of April, erasing gains from the first quarter. The losses stem from bearish oil bets amid volatile market conditions following the Iran conflict escalation. The significant decline highlights the risks in oil trading strategies during geopolitical tensions.
The US government engaged law firm Kirkland & Ellis to advise on a potential rescue deal for Spirit Aviation Holdings Inc., signaling ongoing efforts to stabilize the airline amid financial challenges, according to sources familiar with the matter. The move indicates the government’s active role in supporting strategic industries during economic uncertainty.
The Trump administration plans to reclassify marijuana as Schedule III, easing research restrictions without legalizing or altering federal penalties. This policy shift could facilitate scientific studies and medical research on cannabis, representing a major change in federal drug policy. The move aims to balance regulation with research needs, impacting future cannabis legislation.
Regeneron has agreed to a drug pricing deal with Trump, offering free access to a new hearing-loss therapy. This move aligns with recent industry trends of pricing concessions. The deal aims to improve access and reduce costs for patients, marking a significant shift in pharmaceutical pricing strategies amid ongoing healthcare debates.
Jane Street has filed to dismiss a lawsuit alleging insider trading related to Terraform Labs' $40 billion crypto crash. The firm denies the claims and seeks to have the case dismissed. The lawsuit accuses Jane Street of trading on inside information before the collapse, but no court ruling has been made as of April 2026.
US regulators finalized changes to ease the community bank leverage ratio, building on previous efforts from the Trump administration. The move aims to reduce capital requirements for small banks, potentially increasing lending capacity and supporting economic growth. The adjustments are part of ongoing regulatory reforms to balance safety and financial flexibility.
The article highlights three key topics that defined the week in Brazil, as reported by Beatriz Reis. While specific details and amounts are not provided, the coverage reflects significant national issues that shaped recent discussions. The report was produced by Raphael Almeida and edited by Bárbara Nascimento, emphasizing the importance of these themes in Brazil’s current macroeconomic landscape.
