What Peter Thiel Did Next | Wall Street’s View Of Inflation | Super Bowl’s Big Bet

Plus: Stan Kroenke Just Won A Super Bowl, 6 Years After Moving The Rams To LA. Here’s The Billionaire’s Story

Good morning.

An early investor in Facebook, Silicon Valley billionaire Peter Thiel is leaving Meta’s board—his sights are firmly placed on Capitol Hill. We’re also covering what investment banks really think about inflation, and why a legendary gambler won big even after losing a $9.5 million bet on the Cincinnati Bengals. Finally, we're looking at what makes the Super Bowl LVI’s win particularly sweet for LA Rams’ billionaire owner Stan Kroenke.

In The News Today

Russian figure skater Kamila Valieva will be allowed to compete in the women’s singles event, where she’s favorite to win gold—but should she end up on the podium, there will be no medal ceremony.

The Ambassador Bridge reopened after police cleared remaining anti-Covid restriction protesters, ending an almost week-long blockade of North America’s busiest trade route.

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Investment banks are warning clients the Federal Reserve may need to move more aggressively than expected to combat the surge in consumer prices, with some experts projecting as many as seven interest rate hikes this year.

2021 was indeed an “extraordinary year” at Apollo Global Management, as CEO Marc Rowan described it as the private equity firm reported its final results. But investors, disappointed by a lackluster fourth quarter’s performance, weren’t as enthused.

Secretive billionaire investor Peter Thiel is leaving his post as board member of Facebook’s parent company to dedicate his attention and significant resources to help Republican candidates win Congress at the midterm elections.

Fourth time's a charm for Blackstone, which has seen its $6.3 billion takeover offer for Melbourne-based casino operator Crown Resorts—controlled by Australian billionaire James Packer—accepted after a nearly year-long courtship.

Legendary sports gambler “Mattress Mack” had $9.5 million riding on the Cincinnati Bengals to win the Super Bowl LVI. Despite the result, the Texas entrepreneur can rest easy—he sold $20 million worth of furniture thanks to a promotion he hedged with his wager on the Bengals.

Traveling to Canada is about to get easier and cheaper. According to reports in the local press, mandatory pre-arrival PCR Covid-19 tests for travelers who can show proof that they are fully vaccinated will soon be scrapped.

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