President Trump fires Attorney General Pam Bondi, the second Cabinet Secretary let go in recent weeks.
Plus, Blue Owl, the poster child for private credit, is the latest fund to have investors try to pull billions.
I've been covering this industry really since it started, and I have never seen anything even close to this.
It's blood in the streets right now for these funds.
And watch out, Bloomberg.
OpenAI is getting into the news business.
It's Thursday, April 2nd.
I'm Alex Oseleff for The Wall Street Journal.
This is the PM edition of What's News, the top headlines and business stories that move the world today.
Pam Bondi is out as attorney general.
It 's an end to her year-long tenure atop the Justice Department,
marked by what President Trump views as her mismanagement of the Jeffrey Epstein scandal.
I touched base with WSJ reporter Ryan Barber, who joined me from a courtyard at the Justice Department.
Pam Bondi's ouster capped a very much rocky year spent as attorney general under a cloud of frustration from the White House
and the broader Trump administration.
In replacing Bondi, at least in the near term, the Justice Department leadership pivots.
To the current Deputy Attorney General, Todd Blanche, who, like Bondi, is a former lawyer for Trump.
And in many ways, he really owns a lot of what Bondi's tenure meant.
So it does invite the question of, is Trump ultimately going to look for someone who he believes will be more
aggressive, will be more responsive?