Merrill all-in on alts — Elliott shirks crypto — Biden calls on CEOs

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On the agenda today:

Before we dive in, join us for a conversation about how employers can support working parents. The hour-long chat is scheduled for Oct. 14 at 1 p.m. ET. Get the details here.

Now, let's get started. 


Merrill Lynch wants more wealth clients to get in on non-traditional assets

Merrill Lynch

The wealth manager is lowering minimums for its wealth clients to get in on some non-traditional assets like real estate, private equity, and private credit, according to an internal memo viewed by Insider. The move comes as Merrill Lynch tries to improve employee morale and retain advisors. More on that here.


Elliott Management wants nothing to do with bitcoin

GettyImages 480950044

Jonathan Pollock, Elliott's co-CIO and co-CEO, says the firm is steering clear of bitcoin, predicting the Fed will launch an "electronic dollar" that will devalue cryptocurrency. Read what else he said.


Biden called bank CEOs to push for a debt-ceiling raise

Joe Biden

CEOs of some of the country's biggest banks met with the president to discuss the potential economic fallout of a debt-ceiling default. Bank of America's Brian Moynihan and JPMorgan Chase's Jamie Dimon attended, warning of the consequences of inaction. 


WFH may be dooming us to a future of endless work

Female office worker spiraling on a clockface with Slack, email, messages, and Zoom notifications and icons on a red background.

While remote work offers employees more freedom than ever before, some experts say that freedom can also be a burden — allowing workers to log on early and stay on late, and keeping them from enjoying life outside of work. Why "work from anywhere" is starting to look more like "work from everywhere."


On our radar:


Don't forget — we're publishing new puzzles every morning through October 8. Solve today's here.

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