No ‘stupid’ contract: Gov. Jeff Landry said Wednesday that LSU athletic director Scott Woodward will not select the university’s next football coach, following Brian Kelly’s firing and $52.3 million buyout. Landry says the LSU Board of Supervisors will form a committee to handle the hire and vowed to avoid another “stupid” contract with a massive payout. Read more from Louisiana Illuminator.
Agreement reached: China has agreed to purchase 25 million metric tons of U.S. soybeans annually as part of an agreement reached by its leaders, Treasury Secretary Scott Bessent said Thursday. Bessent said China will start by purchasing 12 million metric tons of soybeans from the U.S. between now and January. Read more from the Associated Press.
Streamlining: JPMorgan Chase has tokenized a private equity fund on its blockchain platform, marking a step toward making alternative investments more accessible to wealthy clients. The pilot precedes next year’s launch of Kinexys Fund Flow, a system that uses blockchain to streamline fund ownership and trading. The move follows new federal rules encouraging tokenized assets. Read more from The Wall Street Journal.
