Summarize this content to 2000 words in 6 paragraphs in Arabic One thing to start: Paramount is willing to strike a deal to resolve President Donald Trump\u2019s $20bn lawsuit against CBS News, after the studio\u2019s owner, Shari Redstone, grew \u201cconcerned\u201d about the network\u2019s balance in recent months.And another thing: Greensill Capital\u2019s administrator has filed a lawsuit against its founder Lex Greensill and six other former directors of the failed financial firm, adding to the legal challenges facing the Australian financier.In today\u2019s newsletter:\u00a0Your new AI banking analystThe \u2018Goldman of the Tropics\u2019Goldman\u2019s John Waldron on tariffsThe AI chatbot coming for analysts\u2019 jobsJunior bankers are notoriously overworked.\u00a0A new start-up is hoping to change that, but it might also put the 20-somethings out of a job in the process.Rogo, an artificial intelligence start-up developed by former Lazard analyst Gabriel Stengel, aims to automate some of the grunt work that fills the days of junior investment bankers.The chatbot that Rogo has developed can assess a company\u2019s market position and pull basic valuation comparisons.It\u2019s already been deployed at investment banks Moelis and Nomura, as well as investment firms Tiger Global and GTCR.Stengel said he\u2019d spend days as an analyst at Lazard triangulating research reports and filings with the Securities and Exchange Commission to calculate a \u201cpeak sales\u201d valuation ratio. Rogo can now do that in minutes.In its latest funding round, the start-up raised $50mn from a group of investors led by Thrive Capital, valuing it at $350mn, up from $80mn four years ago.The world\u2019s biggest banks and trading firms are already spending billions of dollars on AI applications.At JPMorgan Chase, employees have access to an in-house large language model, while private capital firms have their own AI models to assess buyouts.\u201cWe\u2019re training reasoning models that think like investors and investment bankers,\u201d said Stengel. \u201cYou run these big experiments to see, hey, can we be as thoughtful as a partner at Tiger Global? Can we be as thoughtful as Blair Effron at Centerview?\u201dSo, is it time to say goodbye to the humble analyst?The verdict\u2019s still out. Some bankers think AI tools will eventually allow Wall Street banks to cut the number of entry-level positions. Others think they\u2019ll free up banks to work on more deals, meaning more hands needed on deck.For now, though, MDs will still need someone to call at 3am when they discover that their PitchBook uses Times New Roman instead of Garamond.\u2018Brazil\u2019s Goldman\u2019 wants in on commoditiesLatin America\u2019s top investment banker, Andr\u00e9 Esteves, has taken Brazil\u2019s BTG Pactual from its roots in dealmaking and the trading floor to become a diversified lender worth $30bn.His next ambition for the institution once nicknamed the \u201cGoldman of the Tropics\u201d? To beat the world\u2019s biggest commodities traders at their own game.The 56-year-old former bond trader wants to make the S\u00e3o Paulo-headquartered bank \u201cone of the main global players in the sector\u201d, capitalising on his country\u2019s status as a leading exporter of agricultural produce.\u201cBTG can provide for its clients a service from the farm gate to delivery to a Chinese buyer, or an Arab buyer in Abu Dhabi, or in India,\u201d BTG\u2019s chair told the FT\u2019s Michael Pooler and Michael Stott in his first media interview in six years.It\u2019s a typically daring move by Esteves, a Rio de Janeiro native who\u2019s among the most influential business figures in the South American nation.The computer science and maths wunderkind became a self-made billionaire before the age of 40 by selling BTG\u2019s predecessor Pactual to UBS in 2006. He then bought it back for about the same amount three years later during the global financial crisis.Famous for an aggressive and risk-taking culture, BTG has grown corporate banking and digital retail arms, alongside roughly $330bn under management across its asset and wealth management divisions.BTG \u2014 who some like to joke spells out \u201cBetter than Goldman\u201d \u2014 remains majority-owned by its partners, vanishingly rare for a 21st century bank.This model has helped Esteves amass a fortune of $6.9bn, making him Brazil\u2019s fifth-richest person, according to Forbes. He\u2019s known for his top-level contacts in Bras\u00edlia and the brutally long hours he works.Yet the banker\u2019s meteoric ascent almost fizzled a decade ago.Arrested in connection with a sprawling corruption scandal at state-owned oil producer Petrobras, Esteves was forced to step down from executive roles at BTG.He spent three weeks in Rio\u2019s infamous Bangu prison \u2014 home to hitmen and drug traffickers. But he was cleared of all charges in 2018.Esteves\u2019 comeback was sealed with a return as BTG\u2019s chair three years ago. His grand plans for the group also include expansion in the US and Europe, where it now has banking licences.John Waldron\u2019s Labor Day wishThe old summer clich\u00e9 on Wall Street is \u201cSell in May and go away\u201d. In 2025, with a trade war raging, the credo may be \u201cWait for Labor Day and pray\u201d.That sentiment was encapsulated by Goldman Sachs president John Waldron who told the FT that the \u201cbull case\u201d for investors \u201cis that we don\u2019t have to debate trade after Labor Day, and we have across-the-board lower reciprocal tariffs and reduced non-trade barriers\u201d.Waldron has plenty of reasons to hope things are smoothed over by Labor Day (the US public holiday that this year falls on September 1).\u00a0That could give investment banks such as Goldman some time to salvage a year that started with so much optimism but has been derailed by economic uncertainty from the impact of Donald Trump\u2019s policies.\u00a0The US president is in the early weeks of a 90-day pause to many of the sweeping tariffs he had announced on April 2 to negotiate new trade deals.Waldron, widely viewed as Goldman\u2019s most likely next chief executive, said the market was \u201chyper-focused on those early trade deals\u201d, which could set the tone for how investors view the White House\u2019s tariff policies going forward\u201cWhatever emerges from those trade negotiations we hope will be pretty definitional. It may or may not be bullish, but it could serve as a template,\u201d Waldron said.Waldron said financial markets were \u201cnormalising albeit with more concern about the growth forecast\u201d following a frantic start to April before Trump announced his pause on most of the tariffs.He said companies were holding off on making any major alterations to their operations until they could see what the result would be from the ongoing trade talks.\u00a0\u201cMost people are making no changes because they are thinking, in 90 days you will know more,\u201d Waldron said.\u00a0Job movesBrightstar Capital Partners has named Marcelo Claure as partner and co-chair. Claure founded Brightstar Corp in 1997 before leaving in 2014 to become chief executive of Sprint. He currently leads Claure Group.Millennium Management has hired Steve Schurr, a senior equities manager at Balyasny Asset Management, reports Bloomberg. Schurr\u2019s background includes work at multiple hedge funds, and before that a spell as the FT\u2019s hedge fund correspondent. He\u2019s credited with coming up with the name for the FT\u2019s Alphaville blog.Matthew Newton, a London-based managing director and head of communications for Europe, the Middle East and Africa at Goldman Sachs, is leaving after eight years at the bank.White & Case has hired Henry Birch as a partner in the firm\u2019s global M&A and private equity groups. He joins from Kirkland & Ellis, where he was a partner.Moelis has appointed Jeff Hammer and Paul Sanabria as managing directors in the firm\u2019s private funds advisory team. They previously headed Manulife Investment Management\u2019s secondaries unit.Smart readsEntertainment machine Ticketmaster owner Live Nation has built a controversial events empire that touches every facet of the live entertainment industry, the FT reports. It now faces a DoJ case that could set the tone for antitrust under Trump.White House Inc Donald Trump\u2019s crypto enterprise has blurred the boundaries between private business and government policy. The New York Times charts the rise of World Liberty Financial.A smart listen How did David Solomon reassert control over Goldman Sachs? The FT\u2019s Joshua Franklin went on the Behind the Money podcast to explain DJ D-Sol\u2019s resurgence, and who might succeed him as chief executive.News round-upUBS, Barclays and SocGen reap trading windfall from market turmoil (FT)Shein explores US restructuring as tariffs threaten to derail London IPO (FT)Microsoft vows to protect European operations from Donald Trump (FT)Equinor weighs suing Trump administration over \u2018unlawful\u2019 halt to wind project (FT)Private acquisitions strip more than $1tn from European equity markets in a decade (FT)Airbus chief warns there will be \u2018only losers\u2019 from prolonged trade war (FT)<\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic One thing to start: Paramount is willing to strike a deal to resolve President Donald Trump\u2019s $20bn lawsuit against CBS News, after the studio\u2019s owner, Shari Redstone, grew \u201cconcerned\u201d about the network\u2019s balance in recent months.And another thing: Greensill Capital\u2019s administrator has filed a<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":{"0":"post-297208","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-tech"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/297208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=297208"}],"version-history":[{"count":0,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/297208\/revisions"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=297208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=297208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=297208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}