This is a web version of The Lever’s daily email newsletter.
🔥 Today’s Lever story: Wall Street wants a piece of the airplane-repair business.
👇 Spend three minutes reading this 600-word newsletter to learn about:
- Private equity’s exploitative debt scheme.
- Health insurers’ Medicare Advantage windfall.
- Indiana Republicans' surprising push against pharma price-gouging.
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TODAY'S NUGGETS
🧛 This is vampire capitalism. Private equity firms are increasingly “leveraging their portfolio companies to fund shareholder returns,” according to a new report from credit rating service Moody’s. Translation: Amid the tariff crisis besieging small- and medium-sized businesses, Wall Street is accelerating the looting of these companies by sending them into debt to fund dividend and stock buyback payouts to their investors.
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