Moody's cut the outlook on a Blue Owl private‑credit fund after investors sought billions in withdrawals, forcing a 5% payout cap and raising sector liquidity concerns.

Founding families from Puig and Estée Lauder will meet in New York as talks progress on a cash-and-share deal that could create a €20B beauty group.

Vimeo will cut roughly 25% of its New York staff at its Herald Square office, months after the company was bought by Milan’s Bending Spoons. The move follows sweeping January layoffs that reshaped the platform.

Burlington opened an ~80,000‑sq‑ft Chelsea flagship at 620 Sixth Ave in the Siegel‑Cooper building, part of a reimagined store format that shifts focus beyond outerwear. The move consolidates several Chelsea footprints into one flagship.

Glossier pared back roughly half its New York staff as the brand restructures under new leadership, following earlier corporate layoffs and planned store closures.

Pure Blossoms opened at 716 Amsterdam Ave as New York’s 600th licensed cannabis store, a local milestone that spotlights equity programs and lingering licensing delays.

Markets staged a relief rally as reports suggested the U.S.-Iran conflict might be easing, pushing the Dow more than 1,100 points higher. Tech and chip names led the move as oil fell.

A plaintiff says a January incident exposed Nike shoppers' payment card and contact data; the suit seeks class status, damages and long‑term monitoring.

Pop Mart has signed a roughly 7,000‑square‑foot lease at 680 Fifth Ave., putting the Labubu maker on Manhattan’s Fifth Avenue next to a new Swarovski emporium. The company’s Times Square flagship and the Fifth Avenue move mark a bigger U.S. retail push.

JPMorgan moved a nearly $15B debt package to fund EA’s $55B buyout, executing the sale under the codename Project Eagle while markets reeled from Middle East risk. Banks paced loans and bonds to match heavy investor demand.

Online registry Babylist is opening its first East Coast showroom at 477 Broadway in SoHo, bringing its hands‑on demo model to Manhattan.

Alight's shares slipped under $1 on Friday, exposing the Chicago HR firm to potential NYSE noncompliance after a $3.1B goodwill impairment. Investors and managers are weighing fixes.

Corebridge Financial and Equitable Holdings are reported to be merging in an all‑stock deal that would form a roughly $22B company and combine about $1.5T in assets.