Carney on Trump: 'We'll speak when it makes sense'
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Globe and Mail
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Corebridge Financial Announces Pricing of Secondary Offering of Common Stock by AIG
Corebridge Financial, Inc. (NYSE: CRBG) today announced that the previously announced secondary offering by American International Group, Inc. (NYSE: AIG) of common stock of Corebridge Financial has priced at $33.65 per share. The offering is expected to close on August 8, 2025, subject to customary closing conditions. AIG, as the selling stockholder, has offered 30 million existing shares of common stock (out of approximately 538 million total shares of common stock outstanding) of Corebridge Financial, corresponding to approximately $1.0 billion of gross proceeds. AIG has also granted a 30-day option to the underwriter to purchase up to an additional 4.5 million shares. All of the net proceeds from the offering will go to AIG. Morgan Stanley & Co. LLC is acting as the underwriter for the offering. The offering of common stock is being made only by means of a prospectus and an accompanying prospectus supplement. Copies of the prospectus and accompanying prospectus supplement relating to the offering may be obtained from: Morgan Stanley & Co. LLC via mail at 180 Varick Street, 2nd Floor, New York, NY 10014. A registration statement relating to these securities was filed with the U.S. Securities and Exchange Commission ('SEC') on November 6, 2023, and became effective automatically. The registration statement may be obtained free of charge at the SEC's website at (EDGAR/Company Filings) under 'Corebridge Financial, Inc.' This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended. About Corebridge Financial Corebridge Financial, Inc. makes it possible for more people to take action in their financial lives. With more than $415 billion in assets under management and administration as of June 30, 2025, Corebridge Financial is one of the largest providers of retirement solutions and insurance products in the United States. We proudly partner with financial professionals and institutions to help individuals plan, save for and achieve secure financial futures.
Globe and Mail
9 minutes ago
- Globe and Mail
Report on anti-Palestinian, anti-Arab racism will inform recommendations to government, special representative says
Canada's special representative on combatting Islamophobia says a new report that tracks anti-Palestinian and anti-Arab racism in this country since Hamas's 2023 attack on Israel will help shape her recommendations to the government on the issue. Amira Elghawaby was referring to a report from York University's Islamophobia Research Hub that looks at cases of harassment from 2023 and 2024 and was released in Ottawa Wednesday. 'This report will help inform the advice that I provide to the federal government,' Ms. Elghawaby told a news conference, adding that she will be reviewing the 15 recommendations in the document. 'We will be looking at where they are related directly to my mandate and then we will be having discussions with decision makers on these.' The report says there has been a rise in anti-Palestinian racism, Islamophobia, anti-Arab racism and antisemitism since the militant group Hamas launched a series of attacks on Israel on Oct. 7, 2023. The Hamas attacks killed 1,200 people in Israel, which responded with a military offensive in the Gaza Strip that has killed more than 60,000 people, according to the Palestinian Ministry of Health. What does Canada's recognition of a Palestinian state mean in practice? Researchers say the incidents include the targeting of young people in schools and postsecondary institutions and hate-motivated crimes. The report also refers to what it calls the 'Palestinian exception,' referring to incidents of censorship, discipline and punishment for those speaking out against violence by the Israeli state and for Palestinian human rights. The report's 15 recommendations include adopting a definition of anti-Palestinian racism at all levels of government, as well as related curriculum development, training and education. There's also a call for political and institutional leaders to speak out against such racism, provincewide reviews of how schools and school boards have handled reports of anti-Palestinian racism in schools, and creating a fund to support victims of hate-motivated crimes. 'Our hope is that this report contributes to efforts to combat the Palestine exception and strengthen democratic rights and freedoms for all,' said Nadia Hasan, director of the Islamophobia Research Hub. Carney's policy shift on Palestinian statehood met with cautious hope, criticism by Canadians 'If you go through the report, the incidents that we document here, they portray a picture of something very wrong. There is a problem that needs to be addressed, and it needs to be solved through a good-faith engagement with impacted communities.' She predicted difficult conversations on these issues, and questions on how to best proceed. 'But I think it can be done if the right processes are in place in how we consult, how we engage communities, and how we address the problem in a grounded way.' Nihad Jasser, a representative of the Association of Palestinian Arab Canadians, said the report documents how anti-Palestinian racism is real and happening in classrooms and workplaces. 'Students have been shamed for speaking about Palestine. These students are being denied the ability to mourn the death of their family members just because they are Palestinian,' she said. Ms. Elghawaby was appointed as Canada's first special representative on combatting Islamophobia in January, 2023. She said the report demonstrates that civil liberties in Canada have been threatened since 2023 with limits on freedom of expression around Palestine and the protection of Palestinian, Muslim and Arab Canadians. 'We know anti-Palestinian racism is a form of discrimination that can intersect with Islamophobia,' she said.
Globe and Mail
9 minutes ago
- Globe and Mail
Trump mulls sending National Guard to Washington, D.C., after assault of DOGE staffer, despite falling crime rates
U.S. President Donald Trump on Wednesday suggested he may use the National Guard to police the streets of Washington, D.C., in his latest threat to take over running the city that serves as the seat of the U.S. government. 'We have a capital that's very unsafe,' Trump told reporters at the White House. 'We have to run D.C. This has to be the best-run place in the country.' Trump, who has threatened a federal takeover of the city multiple times, renewed those threats after a young staffer who was part of Elon Musk's Department of Government Efficiency was assaulted over the weekend. Musk, the billionaire former adviser to Trump who once spearheaded the DOGE effort, said the man was beaten and received a concussion. 'It is time to federalize DC,' he wrote. Trump contemplates taking control of Washington, D.C., government Asked if he was considering taking over the D.C. police, Trump responded affirmatively. 'We just almost lost a young man, beautiful handsome guy that got the hell knocked out of him,' Trump said. The president posted a picture of the victim, Edward Coristine, known by the nickname 'Big Balls,' on social media, with blood on his face, arms, torso and legs. 'We're going to beautify the city. We're going to make it beautiful. And what a shame, the rate of crime, the rate of muggings, killings and everything else. We're not going to let it. And that includes bringing in the National Guard, maybe very quickly, too,' Trump said. A spokesman for D.C. Mayor Muriel Bowser declined to comment. Violent crime in the first seven months of 2025 was down by 26% in D.C. compared to last year while overall crime was down about 7%, according to records on the police department's website. Overall crime was down 15% in 2024, compared to 2023, the website showed. The District of Columbia was established in 1790 with land from neighboring Virginia and Maryland. Congress has control of its budget, but resident voters elect a mayor and city council, thanks to a law known as the Home Rule Act. For Trump to take over the city, Congress likely would have to pass a law revoking that act, which Trump would have to sign. The president said on Wednesday that lawyers were already looking at overturning the Home Rule Act.
