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Apollo’s $1.2B bet on QXO tests data limits in building materials

Apollo Global Management affiliates announced yesterday a $1.2 billion investment in QXO. QXO CEO Brad Jacobs–after building an array of successful distribution companies in logistics and equipment rental–entered the construction industry by acquiring Beacon Roofing Supply in April 2025.  He’s told shareholders he has a $50 billion revenue target over the next decade and has […]

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FNF disputes magistrate judge’s support for FinCEN’s AML rule 

Fidelity National Financial (FNF) believes that a magistrate judge issued an erroneous report on the title insurance giant’s claims in its lawsuit against Financial Crimes Enforcement Network (FinCEN).  In a document filed last Tuesday, FNF objected to the report and recommendations made by Magistrate Judge Samuel Horovitz. In his report, Horovitz recommended that the court

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