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Stocks Hit a Wall of Tariff Worry

Stocks Hit a Wall of Tariff Worry

Bloomberg08-07-2025
Bloomberg Markets: The Close
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Sonali Basak, Emily Graffeo and Tim Stenovec. (Source: Bloomberg)
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Blackstone said real estate executive Wesley LePatner was among those killed
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Blackstone executive Wesley LePatner was among those killed on Monday by a gunman who entered the company's Park Avenue offices, the private equity giant said in a statement Tuesday morning. LePatner, a mother and wife, was the $1.2 trillion firm's global head of core+ real estate and CEO of Blackstone Real Estate Income Trust, or BREIT, an evergreen real estate fund. Her death has left the New York-based asset manager "heartbroken," the statement said. "Words cannot express the devastation we feel. Wesley was a beloved member of the Blackstone family and will be sorely missed. She was brilliant, passionate, warm, generous, and deeply respected within our firm and beyond. She embodied the best of Blackstone," the statement continued. LePatner, a Yale graduate and trustee of New York's Met Musuem, was an executive at Goldman Sachs before joining Blackstone in 2014. She told Business Insider in 2022 that her unit was, "for all intents and purposes, a startup." "I faced all the challenges one could imagine when building a multibillion-dollar business — from hiring to ensuring standards remain high, moving quickly to keep up with growth, and staying ahead of market swings and growing pains," she said. LePatner is one of four victims who lost their lives after a gunman entered Blackstone's midtown Manhattan headquarters Monday evening. The gunman took his own life at the building as well.

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