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Turmoil in private credit continues, with investors wanting more of their money back from the industry's biggest fund.
Plus, some members of the Russian establishment have started calling
for President Vladimir Putin to end the war with Ukraine.
These are people who have very little love for the Ukrainian government.
However, they're speaking out now just because it's clear that the momentum of the war has changed.
And a wave of cities across the U.S. took down contentious statues in 2020. Now,
some of them are getting put back up.
It's Thursday, June 4th.
I'm Danny Lewis for The Wall Street Journal, filling in for Alex Oslo.
This is the P.M.
edition of What's News, the top headlines and business stories that move the world today.
Investors are trying to pull billions of dollars
out of the biggest private credit fund in the world, Blackstone's B-Cred.
The fund's investors asked to redeem 10% of their shares in the second quarter.