With record levels of dry powder available for investment.
Find out what's in store for private markets in 2025 and beyond.
Listen to Crafting Capital in partnership with ubs@partners.WSJ.com UBS, Spotify and Apple Podcasts.
US hiring slowed in January but remained solid in the last jobs report of the Biden era.
Plus, consumers are already souring on Trump's economy and why a decade from now,
many drugs hitting the US Market will originated in China.
Many of the top scientists that have trained in the US over recent decades have returned to China
and that's fueling like the emergence of a biotech hub,
particularly around Shanghai.
It's Friday, February 7th.
I'm Alex Osola for the Wall Street Journal.
This is the PM edition of what's News, the top headlines and business stories that move the world.
The Labor Department released its January jobs report this morning.
The US economy added 143,000 jobs in January, slightly lower than the 169,000 jobs economists had expected.
The unemployment rate also ticked down to 4%, which was also a bit lower than had been expected.
WSJ finance news editor Christina Rexrode joins me now to talk about what these numbers mean.
So, Christina, seems like we've got some conflicting messages here.
There are fewer jobs, but also less unemployment.
Break this down a little bit for us.
What does this mean?