Challenges

• Blackstone closed a $10 billion opportunistic private credit fund on April 8, 2026, reaching its hard cap target despite ongoing capital outflows in the sector. • The fund's successful close highlights Blackstone's strength in private credit as investors remain cautious due to market volatility and higher interest rates. • This deal underscores the resilience of top alternative asset managers in attracting institutional capital amid broader private credit struggles.

Levy on inherited farms and family businesses worth £2.5m or more comes into force 6 AprilA new inheritance tax regime for UK farms and family businesses comes into force on Monday and will present “significant challenges” for those affected, according to accountants.In October 2024 the government announced plans to levy inheritance tax on farms – prompting an outcry in many quarters. Continue reading...

Anna Turley questions Reform UK leader’s revised £25,000 figure for failed attempt to reach Chagos Islands on plane linked to billionaire donorLabour has queried Nigel Farage’s claim that a return trip to the Maldives on a private jet linked to a billionaire donor cost as little as £25,000 as the Reform leader attempted to reach the Chagos Islands.Farage initially recorded his two-day trip to the Maldives as costing £12,500 funded by Thailand-based Reform megadonor Christopher Harborne, before upgrading this to £25,000 in the latest register of interests. Continue reading...

Daniel Kebede tells delegates, government’s education policies fall short as he signals growing support for Greens’ among teachersThe leader of the UK’s biggest education union has torn into the government’s record on schools, accusing Labour of letting down the nation’s children and failing to deliver on its promises for education.Daniel Kebede, general secretary of the National Education Union, was unsparing in his criticism of education secretary Bridget Phillipson’s policies in a speech to delegates at the NEU’s annual conference in Brighton on Thursday. Continue reading...

• California's new legislation AB 2602 and AB 1836 now require explicit consent and detailed descriptions for creating digital replicas of performers, addressing growing concerns over generative AI in entertainment. • Union agreements place additional limitations on how entertainment companies use generative AI tools, providing protections for performers and creatives amid ongoing industry consolidation. • The Los Angeles entertainment sector continues to navigate back-to-back crises including COVID-19, strikes, and fires, but industry experts predict consolidation will create opportunities for nimble new players and innovative talent pursuing independent projects.

Animal Aid says reclassification of research facilities as key infrastructure could catch even most peaceful actionA charity has filed a legal challenge over a “chilling” change in the law that restricts protest outside animal testing facilities in England and Wales by reclassifying them as “key national infrastructure”.Animal Aid says last month’s amendment to the Public Order Act could capture even the most peaceful, non‑disruptive advocacy. It claims the change is unlawful because it goes beyond parliament’s intention at the time the act was passed. Continue reading...

Kennedy’s appointees promoted ‘treatments’ like bleach enemas, but new committee has only one autistic memberThe first public meeting of US autism advisers – notably, since Robert F Kennedy Jr reshaped the committee – was cancelled recently with few details, coinciding with the creation of a rival organization that has prompted some questions within the autistic community about their focus.Kennedy, the secretary of the US Department of Health and Human Services (HHS) who has long argued for a debunked link between vaccines and autism, chose entirely new members for the Interagency Autism Coordinating Committee (IACC) in late January, with fewer autistic people and several anti-vaccine advocates. Continue reading...