$APO

Leon Black, co-founder of Apollo Global Management, sued the US House Oversight Committee over a subpoena related to Jeffrey Epstein. Black refused to provide non-disclosure agreements, alleging the committee exceeded its authority. The committee aims to investigate Epstein's connections and federal mishandling of his case. Black paid Epstein $158 million for services, leading to his resignation from Apollo's CEO role in 2021.

Apollo Global (APO) announced cash acquisitions of Emerald Holding (EEX) and Questex, aiming to merge them into a B2B events platform. APO will pay $5.03 per EEX share, valuing the deal at $1.5B. EEX stock rose 13% premarket, while APO was down slightly. The merger is expected to close in H2 2023.

Apollo Global Management (APO) reported 25% year-over-year AUM growth to $1.05 trillion by June 2026, driven by strong inflows and strategic acquisitions. Fee-generating AUM rose 34%, supporting earnings growth projections of 5.13% in 2026 and 22.22% in 2027. The company aims for $1.5 trillion AUM by 2029, despite potential near-term challenges in private markets.

Apollo Global Management and Blackstone Inc. structured a $35B financing package for Broadcom Inc. and Anthropic's AI infrastructure, with $15B expected to trade in the 144A market by early 2027. Broadcom shares rose 1.31% premarket, supported by a multi-year partnership with Apple Inc. Broadcom is set to report earnings on Sept. 3, 2026, with analysts projecting $3.16 EPS and $29.44B revenue.

Oneok (OKE) is acquiring Brazos Midstream's Permian Midland assets for $4.4B, funded by a $9B investment from Apollo (APO). The deal will double OKE's processing capacity, reduce leverage, and is expected to be accretive to earnings and free cash flow. OKE aims to maintain 3-4% annual dividend growth, with potential for increases.

Apollo Global Management (NYSE:APO) shares dropped 3.5% after Brightspeed, an Apollo portfolio company, reported a 8.7% revenue decline to $386M in Q2 and expressed doubt about its ability to continue operations. Brightspeed is seeking financing to meet debt obligations, with a net loss of $879M for the first half of 2024.

Major U.S. oil companies and asset managers like ExxonMobil, ConocoPhillips, KKR, and Apollo are investing in Canadian energy infrastructure, despite President Trump's rhetoric against Canada. They are avoiding Venezuela, with Exxon calling it 'uninvestable' and Conoco focusing on recouping past investments. Enbridge received a $2.7-billion investment for a B.C. natural gas pipeline expansion, while Imperial Oil plans to spend $2.2-billion on Canadian operations. The U.S. imported $160-billion w

Apollo Global Management (APO) is converting its $9bn stake in Oneok (OKE) into investment-grade debt securities. The deal, involving Athene and other insurers, allows Oneok to raise capital without adding conventional debt. Proceeds will fund a $4.4bn acquisition and repay debt, avoiding leverage risks. Apollo's strategy positions it as a financier for flexible capital structures.

US markets fell as geopolitical tensions with Iran escalated and Fed Chair Warsh took a hawkish stance on inflation. Dow dropped 0.6%, S&P 500 0.4%, Nasdaq 0.4%. PG&E shares declined 10% after a bill limiting wildfire liabilities was rejected. Aon agreed to buy USI for $17B, Apollo to sell Kelvion for over $3B. Key economic data and earnings reports are upcoming.

Enbridge Inc. partners with KKR & Co. and Apollo Global Management to invest $1.95 billion in expanding its Westcoast natural gas pipeline system. Enbridge will receive $504 million upfront and retain majority control. The expansion includes the Aspen Point and Sunrise projects, set to increase capacity to 3.9 Bcf/d by 2028, with regulatory approval and long-term contracts secured.