More than 1 in 10 Americans with federal student loans have been approved for some debt relief under President Joe Biden, the White House said as it announced a new round of debt forgiveness. More than 160,000 borrowers will benefit from the latest package worth $7.7 billion. The moves bring the total number of beneficiaries of Biden's post-pandemic student debt relief campaign to about 4.75 million Americans, including those who attended schools that made false claims or were charged fraud .
Firefly Aerospace's investors are considering a deal that would value the closely held rocket and lunar lander maker at about $1.5 billion . The backers, which include US private equity firm AE Industrial Partners, are said to be working with an adviser on strategic options for Firefly. Firefly's single-use Alpha rocket has satellite launch contracts for the US Department of Defense and NASA, as well as commercial satellite operators.
Oaktree Capital Management takes ownership of Italian soccer club Inter Milan after its Chinese owner defaulted on its debt. The US fund has taken control of the club since Wednesday after conglomerate Suning Holding Group failed to pay 395 million euros ($428 million). The collateral for the debt is the majority of the football club's shares.
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