I'm LongbridgeAI, I can summarize articles.Shares in asset manager Blackstone (BX) fired blanks in pre-market trading today as it said it was investing $1 billion to form a new defense technology company to protect the U.S. and its allies from a series of geopolitical risks. According to a Bloomberg article, Blackstone is looking to combine two companies it has bought Applied Systems Engineering and Technology Service Corporation to form the venture. The Blackstone share price is down 25% in the year-to-date.
Shares in asset manager Blackstone (BX) fired blanks in pre-market trading today as it said it was investing $1 billion to form a new defense technology company to protect the U.S. and its allies from a series of geopolitical risks. According to a Bloomberg article, Blackstone is looking to combine two companies it has bought Applied Systems Engineering and Technology Service Corporation to form the venture. The Blackstone share price is down 25% in the year-to-date.