This episode is sponsored by Northern Trust Wealth Management.

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Goldman Sachs restructures in an effort to be one of the biggest players in the world of financing

and how

companies start justifying the high cost of artificial intelligence. What they're looking for is

cost avoidance, and to put it bluntly, it's reducing future headcount. Plus, McDonald's faces a

lawsuit for its Latino scholarship program. It's Monday, January 13th. I'm Alex

Oscella for the Wall Street Journal. This is the PM edition of What's News, the top headlines

and business stories that move the world today. Over the past few months, we've talked many times about the rise of private credit.

Now, Goldman Sachs has ambitions to be one of the biggest players in the increasingly competitive world of financing.

Today, the bank announced that it's combining three key groups into what it calls the Capital Solutions Group.

Anna Maria Andriotis covers Goldman for the journal. So Anna Maria,

what are some of the details of this restructuring? Goldman Sachs is bringing together three key

groups that are in its global banking and markets division. These groups work on finding or

facilitating various types of financing deals. It's also creating a team that will be

in this new group that's called Capital Solutions. This fourth piece to it is going to be finding

alternative sources of financing, especially for Goldman's corporate clients. What we're talking about

...