Blackstone Stock: Is Wall Street Bullish or Bearish?

Aon and Blackstone launched Cortina, a new Lloyd's syndicate offering reinsurance with $1.6B in premiums and $500M in funding. QBE will manage the syndicate, starting underwriting in 2027. The partnership aims to provide long-term reinsurance capacity and client dividends, leveraging institutional capital and Lloyd's expertise.

Mitsubishi Corp. will sell a 49.9% stake in its LNG Canada holding company to a Blackstone-led group for $3.1 billion. Mitsubishi values its 15% stake at $1.6 billion, with the rest funding Phase 2 expansion. The deal, expected to close in November, will not affect Mitsubishi's LNG offtake volumes or customer relationships, according to the company.

Four Canadian pension investors and Blackstone acquired a 49.9% stake in a Mitsubishi subsidiary holding a 15% share of LNG Canada for $3.1B. The deal funds Phase 2 expansion, valued at $1.6B, to double production. Critics warn of climate risks and financial uncertainty due to potential LNG oversupply.

Blackstone and Canadian institutional investors will invest $3.1B for a 49.9% stake in Mitsubishi’s LNG Canada subsidiary. Mitsubishi retains control. LNG Canada is Canada’s only large-scale LNG export terminal, with Phase 2 expansion planned. Blackstone has been active in Canadian energy infrastructure investments.

Blackstone Life Sciences (BX) and Boston Scientific (BSX) are collaborating on a $455M project to develop the VITALYST heart pump system. This is the first co-funding deal between the two companies. The system aims to treat acute myocardial infarction cardiogenic shock by improving blood flow. BXLS sees potential in the technology to enhance current mechanical circulatory support devices.

Blackstone and Canadian pension funds will invest $3.1 billion to buy 49.9% of Mitsubishi Corp.'s stake in LNG Canada. Mitsubishi retains 15% of the LNG export plant, which is expanding capacity to 28 million tonnes per year. LNG Canada is a $40 billion project led by Shell, with other partners including Petronas, PetroChina, and Korea Gas.