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- 🏙️ Norway’s $2T oil fund...
🏙️ Norway’s $2T oil fund...
They just dropped $543M on a Manhattan tower.
Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.
What we’ll cover today:
🏙️ Norway’s $2T oil fund just dropped $543M on a Manhattan tower
🥤 Elliott bets $4B that Pepsi needs a fizz fix
🎤 Upcoming Fintech Events
Norway’s $2 trillion oil money fund, managed by NBIM, is splurging $543M on a shiny Manhattan skyscraper with Beacon Capital.
🚨Breaking News
NBIM just grabbed 95% of 1177 Avenue of the Americas for $543M, marking another trophy in its global property hunt.
⚡Wire Simplified
Norway’s sovereign wealth fund = world’s biggest piggy bank, born from oil profits.
Paid $542.6M for NYC office tower.
Beacon Capital holds 5% and manages the building.
NBIM already owns Times Square Tower and more Manhattan properties.
Also busy shopping in London, Spain, and France this year.
✔️Straight to the Point
Norway’s oil fortune is turning into real estate gold, proving once again that they collect skyscrapers like we collect fridge magnets.
🎤 Do you think sovereign wealth funds should keep buying prime real estate worldwide? |
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PepsiCo, the soda superstar, just got a $4B wake-up call from activist investor Elliott, who wants a corporate makeover.
🚨Breaking News
Elliott grabbed a $4B stake in PepsiCo, promising a “historic turnaround” with cost cuts, divestitures, and maybe bottling shake-ups.
⚡Wire Simplified
Pepsi stock jumped up to 5% after Elliott’s move.
Elliott says Pepsi shares could climb 50% if fixed.
Wants Pepsi to slim down, sell non-core businesses.
Pepsi already cutting costs, closed two plants recently.
Rival Coca-Cola still ahead in the soda wars.
✔️Straight to the Point
Pepsi’s got fizz but needs focus, Elliott’s play could either pop shareholder value or shake up the company too much.
One of the biggest mistakes seed investors make:
They think both founders have to be world class forgetting that most often one will fall away.
You just need one to be truly world class.
— Harry Stebbings (@HarryStebbings)
9:20 AM • Sep 3, 2025
As Sam Altman put it: “You get rich by owning things.”
It's amazing how many try to argue against this.
— Codie Sanchez (@Codie_Sanchez)
6:27 PM • Sep 1, 2025
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Date: 2-3 Dec 2025 | Location: London, UK
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